No Regulation

Score

0 1 2 3 4 5 6 7 8 9

/10

Praxis

Cayman Islands | 5-10 years |

Suspicious Regulatory License | MT5 Full License | Regional Brokers | High potential risk

https://praxisdigitaltrading.com/

Website

Time Machine

Rating Index

MT4/5 Identification

MT4/5

Full License

Praxis-Live

MT5

Influence

Influence index NO.1

Cote d'Ivoire 2.73

MT4/5 Identification

Full License

Server Name

Praxis-LiveMT5

Server Location

Influence

Influence index NO.1

Cote d'Ivoire 2.73

Surpassed 23.40% brokers

Biz Area Search Statistics Advertising Social Media Index

Contact

+1 800-561-3599

https://praxisdigitaltrading.com/

Level 43, AIA Tower, 183, Electric Road, North Point, Hong Kong

Forex License

No forex trading license found. Please be aware of the risks.

Keywords 5

5-10 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

Warning: Low score, please stay away!

2026-03-27

This broker lacks valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region

Cayman Islands

Operating Period

5-10 years

Company Name

Praxis Digital Trading Group

Abbreviation

Praxis

Company employee

Customer Service Email Address

sales@praxisdigitaltrading.com

Contact Number

+18005613599

Company Website

https://praxisdigitaltrading.com/

Company Address

Level 43, AIA Tower, 183, Electric Road, North Point, Hong Kong

Praxis Hong Kong Verified: No Physical Presence Found

Related Software

Biz Area

Website

Genealogy

Related Companies

Employees

Company Summary

Wiki Q&A

Comment

MT4/5

Full License MT5

MT4 Servers

MT5 Servers

185.14

Average Latency (ms)/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 5

Perfect

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Details

Official Website

Website

praxisdigitaltrading.com
72.167.191.69
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--

Genealogy

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Praxis

Related Companies

PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))

Active

United States

Registration No.1352504

Established2020-01-17

Related sourcesWebsite Announcement

Employees

Registered Agents Inc

Agent

Address

PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))

LARRY MCGONEGAL

Agent

Address

PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))

MICHAEL BRESCIA

Officer

Start date

Status

Employed

PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))

Company Profile

Review summary

Praxis Review Summary
Founded	2019
Registered Country/Region	Cayman Islands
Regulation	No regulation
Market Instruments	Forex, indices, commodities, stocks, CFDs
Demo Account	❌
Leverage	/
Spread	From 0.2 pips (forex)
Trading Platform	/
Min Deposit	/
Customer Support	Contact form
	Tel: +1-800-561-3599
	Email: sales@praxisdigitaltrading.com
	Address: Level 43, AIA Tower, 183, Electric Road, North Point, Hong Kong
	Registered Address: CO Services Cayman Limited, PO Box 10008, Willow House, Cricket Square, Grand Cayman, KY1-1001, Cayman Islands

Praxis Information

Founded in 2019, Praxis is an unregulated broker registered in Cayman Islands, offering trading in forex, indices, commodities, stocks, and CFDs. However, demo accounts are not available and the minimum deposit requirement is unclear.

Pros and Cons

Pros	Cons
Various trading products	No regulation
	No demo accounts
	Lack of transparency

Is Praxis Legit?

No. Praxis currently has no valid regulations. Please be aware of the risk!

What Can I Trade on Praxis?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Commodities	✔
Stocks	✔
CFDs	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Spread

Asset Class	Spread
Forex	From 0.2 pips
Metals	From 15 cents on gold
Indices	From 1 point on major indices
Commodities	From 1 point on major symbols

Keywords

5-10 years
Suspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk

Wiki Q&A

Is Praxis a reliable or highly suspicious trading platform?

Praxis Digital Trading Group is an unregulated broker registered and operating from the Cayman Islands. The platform supports MetaTrader 5.

Three days ago

United States

Is Praxis regulated?

No. Praxis Digital Trading Group operates without any recognized financial regulatory licenses. It is registered in the Cayman Islands but holds no valid forex or securities trading authorization from major global or regional financial authorities. Traders should be aware that engaging with an unregulated entity means their funds are not protected by standard compensation schemes or regulatory dispute resolution processes.

Three days ago

United States

Is Praxis suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose Praxis or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

Three days ago

United States

What essential information should I know before trading with Praxis?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

Three days ago

United States

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