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/10

Forexiw

Comoros Comoros | 2-5 years |
ECN Account Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://forexiw.com

Website

Rating Index

Contact

+1 (213) 459-0003
https://forexiw.com
Hamchako, Mutsamudu, Autonomous Island of Anjouan Union of Comoros
Forex License
Other 1

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

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Comoros
Operating Period
2-5 years
Company Name
Forexiw Markets Ltd
Email
Info@Forexiw.com
Contact Number
+12134590003
Company Website
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • forexiw.com
    104.26.7.190
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

ForexiwReview Summary
Founded2024
Registered Country/RegionComoros
RegulationAOFA (Offshore Regulated)
Market InstrumentsStocks, Indices, Futures, Forex, Commodities
Demo Account
LeverageUp to 1:2000
SpreadFrom 1 pip (Standard account)
Trading PlatformMetaTrader 5/Web Platform
Min Deposit$5
Customer Support24/7 support
Tel: +1 (213) 459-0003
Email: Info@Forexiw.com
Facebook, Instagram, Twitter, YouTube, etc
Address: 1652, Tamani Arts OfficeBusiness Bay, Dubai, UAE

Forexiw is a regulated online CFD broker, launched in February 2024, that provides users with the easy-to-use MT5 trading platform for trading such financial instruments as forex, commodities, and stocks with leverage up to 1:2000 and spread from 0.0 pips. Demo accounts are available and the minimum deposit requirement to open a live account is just $5.

Forexiw's homepage

Pros and Cons

Pros Cons
Diverse market instrumentsNew to the market
Demo accountsOffshore regulation
Multiple account typesOnly crypto payment options
Flexible leverage ratios
Commission-free account offered
Support MT5
Low minimum deposit
24/7 support

Is Forexiw Legit?

Forexiw is regulated by AOFA with the license number L15653/FM. However, its current status is offshore regulated.

Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense Number
Comoros
Anjouan Offshore Finance Authority (AOFA)Offshore RegulatedForexiw Markets LtdRetail Forex LicenseL15653/FM
Offshore regulated by AOFA
Domain information

What Can I Trade on Forexiw?

Tradable Instruments Supported
Stocks
Indices
Futures
Forex
Commodities
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Forexiw?

Account Type

Account TypeCentStandardECNPro ECN
Min Deposit$5$50$100$5000
Min Lot0.00010.010.010.01
Stop out50%50%40%30%
Instruments3030102230
Demo×
Account comparison

Leverage

Forexiw offers flexible leverage up to 1:2000, which can potentially bring high returns, but it also comes with high risks.

Account TypeMax Leverage
Cent1:2000
Standard1:500
ECN
Pro ECN1:300

Forexiw Fees

Account TypeSpreadCommission
CentFrom 1 pip¢5 per lot
StandardFrom 1 pip
ECNFrom 0.0 pips$5 per lot
Pro ECNFrom 0.0 pips$3.5 per lot

Trading Platform

Trading PlatformSupported Available Devices Suitable for
WebTraderWeb/
MT5/Experienced traders
MT4/Beginners
WebTrader
MT5

Deposit and Withdrawal

Payment Options Min Deposit/Withdrawal Fees Deposit Time Withdrawal Time
TRC2015 USDT/ImmediatelyWithin 3 minutes
ERC2030 USDT
Deposit
Withdrawal

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Can Forexiw be considered a credible broker?

Forexiw Markets Ltd operates under a regulatory framework based in Comoros, holding a single active license from the Anjouan Offshore Finance Authority (AOFA). It does not maintain authorization from any major, top-tier financial authorities such as the FCA or ASIC. This profile corresponds with its WikiFX trust score of 1.31 out of 10.

04-02
United States

Is Forexiw regulated?

Forexiw holds an active Forex Trading License (L15653 / FM) issued by the Anjouan Offshore Finance Authority (AOFA) in Comoros. It does not possess regulation from any major, top-tier financial authorities for forex and CFD trading.

04-02
United States

What trading accounts does Forexiw offer?

Forexiw offers several retail account types to suit different capital levels and trading styles. These include a Cent account with a minimum deposit of just $5, a Standard account starting from $50, an ECN account requiring a $400 minimum deposit, and a Pro ECN account with a $10,000 entry requirement. Spreads start from 0.0 pips on the ECN accounts and from 1.8 pips on the Cent and Standard accounts. The broker permits scalping, the use of Expert Advisors (EAs), and locked positions across all account types.

04-02
United States

What is the official website of Forexiw?

The official website address for Forexiw is not currently publicly disclosed. The company, Forexiw Markets Ltd, is registered in Comoros and has been in operation for an estimated two to five years.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States
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