FAZOFX

FAZOFX, operating under Fazo Liquidity Corp and accessible at fazoliquidity.com, is a retail forex and CFD broker registered in the United Kingdom. Founded on 10 February 2025, the broker is relatively new to the market. The firm presents itself as a user-friendly platform providing access to a wide range of global financial instruments, including forex, CFDs, shares, and indices.

The broker does not hold any recognised regulatory licences from major financial authorities. This absence of regulation is a significant consideration for traders, as it means the broker is not subject to standard investor protection schemes or oversight from bodies such as the FCA (UK) or CySEC.

FXCanary's independent research confirms that FAZOFX has no regulatory licences on file. The broker's registration in the UK as a company does not equate to being regulated by the Financial Conduct Authority. Traders should be aware that unregulated brokers carry elevated risks, including lack of recourse in disputes and potential operational opacity.

In our assessment, the absence of regulatory oversight is a critical red flag. While the broker may operate legitimately, the lack of third-party supervision increases the likelihood of issues such as withdrawal delays, unfair trading conditions, or sudden closure.

FAZOFX offers five account tiers: Micro, Mini, Classic, Premium, and Standard. All accounts share a maximum leverage of 1:500, which is high and commonly offered by unregulated brokers to attract risk-tolerant traders. The minimum deposit for each account type is not specified on the website, which may indicate flexibility or lack of transparency.

The leverage of 1:500 allows traders to control large positions with relatively small capital, but it also amplifies potential losses. Traders should exercise caution when using such high leverage.

The broker provides the MetaTrader 5 (MT5) platform, which is widely used in the retail forex industry. MT5 offers advanced charting tools, multiple order types, and algorithmic trading capabilities. A mobile version for Android is available, enabling trading on the go.

Regarding tradable instruments, FAZOFX claims to offer Forex pairs, CFDs on shares and indices. The exact number of instruments is not detailed, but the broker markets itself as providing access to global markets.

Given its unregulated status and short operational history, FAZOFX carries a high scam risk score of 75 out of 100 in FXCanary's assessment. This score reflects the potential dangers of trading with an unregistered broker, including the possibility of fraud or mismanagement of client funds.

Traders are strongly advised to conduct thorough due diligence before depositing funds. Key risks include the lack of negative balance protection, absence of compensation schemes, and limited legal recourse if issues arise.

FAZOFX presents itself as a full-service forex broker with competitive leverage and the popular MT5 platform. However, the lack of regulation and new market entry make it a high-risk choice. Traders who prioritise security and regulatory protection should look for brokers authorised by reputable bodies.

For those willing to accept the risks, we recommend starting with a minimal deposit and testing the broker's withdrawal process and customer support before committing significant capital.