FX905 has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". FX905 is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: fx905.com.
Do not use FX905 for anything serious. I used them since I opened my account last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Market news feed|Fast deposits|Real-time alerts|Wide product range
Cons: Slow to add new assets
My withdrawal from FX905 was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for the past year and a half of being strung along.
Pros: No hidden fees|Good analytical tools|Full transparency|Quick verification
Cons: Could offer more webinars|Inactivity fee applies after 12 months
I requested my data from FX905 under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Detailed reporting|Reliable uptime|High security standards
Cons: Limited ETF selection|Search feature is basic
FX905 locked my account without warning and demanded documents I had already submitted. for over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Wide product range|Tax reports included
Cons: Would like more payment methods
After seeing ads for FX905 online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Autorité des marchés financiers. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
FX905 changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Excellent charting|Good analytical tools|Copy trading available
Cons: Cannot customize dashboard fully|Help articles are sometimes vague
I have been trying to close my account with FX905 for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Customizable dashboard|Market news feed|Stable platform|Regular updates
Cons: Spreads widen during volatile periods
I closed a profitable position at FX905 and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Two-factor authentication|Easy withdrawals|Reliable uptime
Cons: Nothing significant
I invested $25,000 with FX905 after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Autorité des marchés financiers.
Pros: Professional looking website
Cons: Cannot withdraw funds|Not regulated|Pressure tactics