FRX MARKETS Review

About FRX MARKETS

FRX MARKETS is not authorised by the UK Financial Conduct Authority; it is explicitly identified by the FCA as an unauthorised firm operating in the UK, offering financial services without authorisation, with FCA warning issued on 4 February 2022 and updated 7 February 2022; the firm's website is and its address is listed as 2nd Floor, College House, 17 King Edwards Road, Ruislip, London, HA4 7AE — clients are not covered by the Financial Ombudsman Service or FSCS protections 

FRX MARKETS offers multiple account types (Standard, VIP, ECN) with minimum funding of USD 100 (Standard), USD 1 000 (VIP), USD 10 000 (ECN); spreads from 1.8 pips (Standard), 1.4 pips (VIP), and 0.8 pips (ECN); leverage up to 1:500 for Standard and VIP accounts and up to 1:200 for ECN; platforms include MetaTrader 5 supporting Expert Advisors; account currency USD; deposits via debit/credit card, wire transfer, cryptocurrencies 

FRX MARKETS claims that client funds are segregated and protected, that it acts as a straight-through‑processing ECN provider, and that it offers direct market access, T+0 settlement, cash dividends, and commission from 0.08% along with access to over 1 500 instruments including FX, CFDs, commodities, indices, bonds, crypto, metals, and shares 

Pros and cons

Cons

• Unauthorised to provide financial services in the UK according to the FCA warning 
• No evidence of any recognised regulatory licence or oversight in any jurisdiction