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Fenics FX

Severe risk
🇺🇸 United States · 5-10 years · since 2019-04-28 · Fenics Software, Inc.
This is a , not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
2 reviews ›
0
Licenses ›
1
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
75/100
Scam risk ›
0
Clone sites ›
▲ 50% positive▼ 50% negative
Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Fenics FX? Our free assistant writes up your case and shows exactly what to do next →
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No sign that Fenics FX actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Withdrawal complaints in ~50% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints1812%
Offshore registration108%
Transparency (site/info/social)5310%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameFenics Software, Inc.
Headquarters🇺🇸 United States
Founded2019-04-28
Years operating5-10 years
Employees0
Official websitefenicsfx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
Seaport Plaza / 199 Water Street New York, NY 10038

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Fenics FX operates as an unregulated institutional ECN, targeting banks, hedge funds, and professional traders. The absence of regulatory oversight and limited public information on its financials and operations present significant risks. Traders should be aware that there is no external protection or recourse, and due diligence is essential before engagement.

Best for
  • Institutional spot FX and bullion trading
  • Liquidity providers seeking an ECN
  • Hedge funds and professional trading firms
Not for
  • Retail forex traders
  • Traders seeking regulatory protection
  • Those looking for CFDs or options
Period:
What users complain about
What users praise
Where reviewers are from
Chile1
United States1

Real user reviews

Where Fenics FX operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇮🇩 Indonesia
🇨🇱 Chile 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What Fenics FX says about itself as stated by the broker · not independently verified by FXCanary

About Us

According to its website, FMX FX (operated by Fenics FX) claims decades of investment and experience in the FX market, leading the industry in liquidity and execution. It states its mission is to deliver a marketplace for FX trading where liquidity is actionable and real, providing a carefully managed ecosystem where makers and takers interact on a transparent playing field. The platform is designed for institutional FX traders and is built on relationships with top-tier banks and non-banks.

Platform Details

The broker claims its platform is a highly efficient ECN that supports trading of 55 currency pairs including spot metals. Features include in-depth transaction cost analysis (TCA), market impact tools, bespoke liquidity pools, real-time liquidity updates, and both firm and non-firm liquidity. It offers identified, disclosed feeds via FMX FX Direct. It states that liquidity providers are carefully selected to support client trading, and liquidity takers include hedge funds, banks, professional trading firms, corporates, asset managers, regional specialists, and high net worth individuals.

Products

FMX FX SPOT is listed as a product, described as delivering real and actionable liquidity with pricing from top-tier banks, non-banks, and regional specialists. It claims liquidity providers can manage key accounts through its platform, maintain their profile, and request or expand direct relationships. The broker also mentions a management team led by Howard Silverman, Senior Managing Director and Product Manager for FMX FX.

Contact and Offices

The broker lists contact details including email support and technical support, with offices in New York (199 Water Street), Singapore, and London. It provides phone numbers: +1 646 344 6022 (New York), +65 6632 3890 (Singapore), and +44 (0) 207 894 7929 (London). The website includes a contact form for sales, liquidity, tech support, and other inquiries.

About Fenics FX

Company Overview

Fenics FX is an institutional foreign exchange electronic communication network (ECN) operated by Fenics Software, Inc., based in the United States. The company was established in 2019 and is registered at Seaport Plaza, 199 Water Street, New York, NY 10038. The platform is branded as FMX FX on its website, focusing on providing spot FX and bullion trading services to institutional clients.

Regulatory Status

Fenics FX is not regulated by any recognized financial authority. According to FXCanary records, the broker holds no valid regulatory license. This absence of oversight introduces significant risks for counterparties, as there is no external supervision of its operations, client fund segregation, or dispute resolution mechanisms. Traders are advised to exercise extreme caution.

Products and Services

The platform offers trading in 55 currency pairs, including spot metals. It operates as an ECN, connecting liquidity providers (banks and non-banks) with liquidity takers (hedge funds, professional trading firms, corporates, and high net worth individuals). Services include transaction cost analysis, market impact tools, and bespoke liquidity pools. The platform supports both firm and non-firm liquidity with real-time updates.

Target Audience

Fenics FX is explicitly designed for institutional market participants. Its website lists liquidity providers and takers that include banks, non-banks, hedge funds, professional trading firms, asset managers, and regional specialists. Retail traders are not mentioned as a target group, and no retail account types or services are advertised.

Company Background

The entity behind Fenics FX is Fenics Software, Inc., which appears to be associated with BGC Partners, Inc. based on copyright notices in platform documents. The platform has been operational since at least 2018, with documents referencing Fenics Software, Inc. and Fenics FX LLC. The broker maintains offices in New York, Singapore, and London.

Trading Conditions and Costs

Specific trading conditions such as spreads, commissions, and minimum deposit requirements are not publicly disclosed on the website. As an institutional ECN, costs are likely negotiated bilaterally. The platform emphasizes actionable liquidity and fair interaction between participants, but detailed fee structures are not available to the public.

Risk Considerations

The lack of regulatory oversight is a major risk factor. Without a recognized regulator, there is no guarantee of client fund protection, transparent operations, or recourse in case of disputes. The broker’s institutional focus suggests high entry barriers and specialized services, but the absence of verified oversight should concern all potential counterparties.

Overview compiled by FXCanary from regulatory records and public data. full Fenics FX review