FazoFX

FazoFX is an offshore forex and CFD broker registered in Saint Vincent and the Grenadines, a jurisdiction known for minimal regulatory oversight of financial services. The company was founded on 4 March 2022 and operates under the corporate entity FazoFX Liquidity Corp Limited. Its official website, fazofx.com, presents the broker as a gateway to trading forex, cryptocurrencies, metals, commodities, and share CFDs.

Saint Vincent and the Grenadines is not a regulated forex jurisdiction; entities incorporated there are not licensed or supervised by a financial regulator. This means FazoFX does not hold any form of recognized regulatory authorization, which is a significant consideration for traders prioritizing fund security and recourse mechanisms.

Our records confirm that FazoFX has no active regulatory licenses from any known financial authority. The broker is not registered with bodies such as the FCA, CySEC, ASIC, or any equivalent. The only registration is a corporate incorporation in Saint Vincent and the Grenadines, which does not confer regulatory oversight.

This absence of regulation means that traders do not benefit from protections such as negative balance protection, compensation schemes, or independent dispute resolution. FXCanary's Scam Risk Score of 85/100 (Severe) reflects the high risk associated with trading through an unregulated offshore entity. Traders should exercise extreme caution and conduct thorough due diligence before engaging with this broker.

FazoFX offers four account tiers: a Cent Account (minimum deposit $10, leverage up to 1:500), a Standard Account ($100, 1:500), a Professional Account ($1,000, 1:400), and a Raw ECN Account ($10,000, 1:300). The varying minimum deposits and leverage levels are designed to attract a range of traders from beginners to high-volume professionals.

The Raw ECN Account likely provides direct market access with variable spreads and a commission per trade, while the other accounts may operate on a market-maker model. However, without independent verification or live trading data, the actual execution quality and cost structure remain unconfirmed. The maximum leverage of 1:500 is typical of offshore brokers and carries high risk, especially for inexperienced traders.

According to the company description, FazoFX offers trading in forex, cryptocurrencies, metals, commodities, and share CFDs. The specific number of instruments per category is not disclosed in the available records. The broker's website likely lists available symbols, but we have not independently verified the depth of the offering.

The trading platform(s) used by FazoFX are not specified in our known facts. Many offshore brokers utilize MetaTrader 4 or 5, but this is speculative. Without confirmed platform details, traders should inquire directly about platform compatibility, charting tools, and automated trading capabilities before depositing funds.

FazoFX appears to target traders who are comfortable with high leverage and minimal regulatory oversight. The low minimum deposit for the Cent Account ($10) may attract beginners, but the absence of regulation removes typical safeguards. The Professional and Raw ECN accounts cater to more experienced traders seeking higher limits.

This broker is not suitable for traders who require strong regulatory protection, transparent pricing, or a long track record. The combination of an unregulated status, recent establishment (2022), and offshore domicile places FazoFX in the high-risk category. Only traders with a high risk tolerance and who fully understand the implications of trading with an unlicensed entity should consider this broker.