MelbourneFX (melbournefx.io and melbournefx-client.io) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +61281883542, +442039947534
Addresses: 121 Prodromou Avenue Nicosia 2064 Cyprus This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: melbournefx-client.io.
After since mid-2025 with MelbourneFX (melbournefx.io and melbournefx-client.io) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Automated trading options|Reliable uptime
Cons: Limited ETF selection
The spread at MelbourneFX (melbournefx.io and melbournefx-client.io) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Instant funding|Full transparency|Social trading features
Cons: Research section could be deeper
Customer support at MelbourneFX (melbournefx.io and melbournefx-client.io) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Regular updates|Risk management tools|Clean UI
Cons: Limited social trading features
I trusted MelbourneFX (melbournefx.io and melbournefx-client.io) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Excellent charting|No hidden fees|Helpful community forum|Full transparency
Cons: Spreads widen during volatile periods|Mobile app could be improved
I experienced a security concern with my MelbourneFX (melbournefx.io and melbournefx-client.io) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Regular platform improvements|Stable platform
Cons: Limited ETF selection
If you are reading this considering MelbourneFX (melbournefx.io and melbournefx-client.io) - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over for the past six months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Two-factor authentication|Fast execution|Stable platform
Cons: Search feature is basic
The reporting at MelbourneFX (melbournefx.io and melbournefx-client.io) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Copy trading available|Risk management tools|Regular platform improvements|Multiple order types
Cons: Currency conversion fee exists|Alert system is basic
I have been trying to close my account with MelbourneFX (melbournefx.io and melbournefx-client.io) 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|Instant funding
Cons: Search feature is basic
I opened an account with MelbourneFX (melbournefx.io and melbournefx-client.io) for just over a year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Fast execution|Dedicated account manager
Cons: Help articles are sometimes vague|Mobile app could be improved