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FRXE reviews

FRXE customer reviews

Updated: February 5, 2026

Written byChristine Richards

GlobeGain rating:

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Reviews

Summary

Users report mixed experiences with FRXE. Positive comments praise BTC support, fast execution, enhanced FX tools, cordial customer service, availability of third‑party and local currency deposits, generally smooth withdrawals and deposits, and good service in markets like Tanzania, Nigeria and Germany; some noted a temporary COVID‑related delay that has since been resolved. However, several customers allege serious problems: one account holder who deposited $1,000 and grew it to $2,829 says withdrawals were disabled and support became unresponsive after being told to trade 50 lots to qualify (a free indicator was involved); others accuse specific staff (named Laxman) of selling indicators and scamming clients, reporting losses of about $3,000 and 37,500 INR, and claim the broker is unregulated and unresponsive. Overall the feedback is polarized—many users recommend the broker for BTC and FX trading, while some warn of potential withdrawal issues, poor support and possible fraud, suggesting caution and further verification before depositing funds.

Ujjaval Dubey

15.10.2022 | 12:27

They are scammer Full scammer They looted 37500 INR But i will never let them runaway Just wait and watch you scammer i will definately come to you oneday

jayesh

20.07.2022 | 14:55

totally scammer laxman in frxe and also he is selling tradersir ,truefibo indicator and VNFG this website and selling indicator and scam to people I loss $3k frxe and support is Laxman. already I reported against these people and frxe take legal action

Dr Shahid Nafees

27.12.2020 | 16:50

I deposited $1000 in my account #201797 on 26/02/2020. I traded for about 6 months and after making profit I chat with a person on their site to ask by what method should I withdraw money. He told me that you can not with draw untill you trade full 50 lots, because they gave me a free indicator. I traded full 50 lots and increased my account to $2829. Now I want to with draw money but my with drawl is disabled on their site. FRXE chat service or their agent on whatsapp is not responding. There is no support. They are not even on the list of any regulatory body. There is plenty of negative info on the net about them, which has raised a red flag about them. I am very suspicious about them because after all the hard work and many attemps I can neither with draw my own deposited money no my hard earned profit. All this does not seem normal and no response makes it even worse. I will advise to stay away from FRXE. If there is any update regarding my issue I will update my review here.

Avinash Chavan

02.08.2020 | 23:26

Smooth withdrawal and deposit and also third-party deposit is available while deposit in our contry currency

Ndubuisi Ngwoke Akawo

31.07.2020 | 19:04

Frxe is platform with good and enhanced tools for FX traders to work with. And customer services cordial, there is no down time.

Chukwudi Obidozie

31.07.2020 | 15:57

FRXE has a great support and withdrawals are faster, I faced a bit delay in transaction during covid but everything is fine now , highly recommend for Nigeria as they have office there

Rebecca Cabrera

21.07.2020 | 10:45

Best support i recommend all German people for trading with FRXE very fast execution

kid Inno

17.09.2019 | 20:22

Trading from Tanzania for almost a year best broker over here, Will recommend to all of my friends over here

oshad chandrakantha

05.06.2019 | 17:48

Previously i have been trading with simple fx as i trade with BTC only but after knowing about this broker i tried with this guys its really awesome as they support BTC and their support is also great, will recommend to all my traders friends who trade via BTC