FXFWay UK Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 0044-756 2200 007
Addresses: 27 Old Gloucester Street London United Kingdom WC1N 3AX; Unit 04 7/F Bright Way Tower No 33 Mongkok Road Kowloon Hong Kong; Govant Building BP 1276 Port Vila Vanuatu This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: en.fxfway.com.
The platform at FXFWay UK Limited is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since last summer of dealing with this, I have had enough.
Pros: Intuitive for beginners|Stable platform
Cons: None so far
FXFWay UK Limited had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Intuitive for beginners|API access|Reliable uptime|Multiple order types
Cons: Limited social trading features|Minor UI glitches occasionally
FXFWay UK Limited advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Clear documentation|Easy to use platform|Comprehensive tools
Cons: Limited demo account features
I have been trying to close my account with FXFWay UK Limited 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: No hidden fees|Fast execution
Cons: Research section could be deeper|Limited social trading features