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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

fx88

Cyprus Cyprus | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | Clone Firm Cyprus | High Potential Risk

https://fx88.com/

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Rating Index

Regulation 2.69 Tech 4.33 Reputation 2.99 Business 7.17 Risk Control 0.00
1.23

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https://fx88.com/
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Verified Site
模块说明(前端未翻译)

  • fx88.com
    104.26.1.242
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    2005-02-07
    Website Name
    WHOIS.GODADDY.COM
    Company
    GODADDY.COM, LLC

Company Profile

Company Profile

Review summary

General Information & Regulation

FX88 is an Cyprus-based broker, with its actual office address, the company behind it unknown to all. There is zero evidence that this broker is under any regulatory agency. FX88 advertises that it offers forex currency pairs, various CFDs through MT4 trading platform.

Markets Instruments

Fx88 offers trading in 45 currency pairs, as well as CFDs on commodities, precious metals and indices on MetaTrader 4 platform.

Minimum Deposit

The minimum amount one has to deposit in order to open an account with this broker is $100, which is not much, yet many Cyprus-based companies require even less.

Leverage

FX88 offers leverage up to 1:500, which is considered high. Since leverage can amplify gains as well as losses, trading with such an unregulated broker using high leverage is not a good option.

Spreads & Commissions

FX88s spread on Standard commission-free accounts are average, typical ones amounting to 1.3 pips on EUR/USD. Its ECN spreads are a lot better, averaged 0.1 pips for thos pair, but also involve a commission of $7 per standard.

Trading Platform Available

FX88 offers its clients the industrys standard MetaTrader 4 (MT4), which is available as downloadable desktop, web & mobile versions. The MT4 is preferred by most traders, because it is user-friendly and yet reliable and equipped with professional trading tools. It supports automated strategies, offers extensive back-testing environment and a number if build-in technical analysis tools, as well as advanced charting package.

Deposit& Withdrawal

FX88 offers its clients bank wire transfer, credit/debit cards and and popular e-wallets such as Skrill, neteller and Dotpay as payment methods.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • Clone Firm Cyprus
  • High Potential Risk

Wiki Q&A

Is fx88 safe and reliable?

WikiFX assessment indicates that fx88 carries a WikiFX score of 1.23 and a regulatory status of Clone Firm. According to WikiFX data, the brand's registered region is Cyprus, its operating history is listed as 5–10 years, and its business scope is described as a Suspicious Operational Region. The license information shows no valid forex license recorded for the brand; instead, a CySEC Market Making License (MM), regulation number 322/17, associated with holding company GO MARKETS LTD, appears under anomalies with a status of Clone Firm. Regulatory protection depends on the specific legal entity, the status of the license, the product involved and the client's jurisdiction, so a brand presence or a single registration should not be read as extending to every entity operating under the fx88 name. Overall, the available indicators point to a high-risk profile, and the information should be treated as a starting point for independent due diligence rather than as an assurance of safety or reliability.

10-18
United States

Is fx88 regulated?

According to WikiFX data, fx88's regulatory status is listed as Clone Firm, and no valid forex license is recorded for the brand. The license information contains one entry, placed under anomalies: a CySEC Market Making License (MM), regulation number 322/17, held by GO MARKETS LTD, with a license status of Clone Firm. Because that entry is flagged as a clone rather than a valid authorization held by fx88 itself, the brand should not be regarded as operating under a verified license on the basis of this record. License status, the specific legal entity involved and the applicable jurisdiction all affect the level of regulatory protection that may be available.

10-18
United States

What is the minimum deposit of fx88?

According to WikiFX data, the minimum deposit for fx88 is not currently publicly specified. The account information available for the brand does not list account types or deposit thresholds, so no specific minimum deposit figure can be confirmed from the available records. Users seeking current requirements may wish to review the broker's official disclosures or contact its customer service directly.

10-18
United States

Does fx88 support MT4 or MT5?

According to WikiFX data, the trading platforms supported by fx88, including whether MT4 or MT5 is available, are not currently publicly specified. The software-related indicator in the WikiFX assessment stands at 4.33, but this figure does not identify particular platform names or versions. Users seeking confirmation about MT4 or MT5 availability may wish to check the broker's official channels for the most current details.

10-18
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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