FOREX92

FOREX92 is a forex and CFD broker registered in the United Kingdom, with a registered address at KEMP HOUSE, 152 City Rd, London EC1V 2NX. The company was registered on December 30, 2019, according to public records, though the broker itself claims a founding year of 2017. The official website is codexfx.com.

The broker presents itself as a provider of fully automated managed forex accounts, targeting clients who prefer a hands-off investment approach. It offers three account tiers with high minimum deposits, suggesting a focus on substantial capital investors.

A critical point for traders is that FOREX92 does not hold any financial regulation from a recognised supervisory authority such as the FCA in the UK or any other regulatory body. The known facts indicate no regulators on file.

This absence of oversight means that clients have no recourse to a compensation scheme or formal dispute resolution body in the event of a dispute or broker failure. For many traders, the lack of regulation is a significant red flag, especially given the high minimum deposits required.

FOREX92 offers three distinct account types. The Personal Account requires a minimum deposit of $5,000. The Business Account requires $25,000, and the Enterprise Account requires $100,000. Maximum leverage figures are not disclosed.

These high entry thresholds place the broker firmly in the category of boutique or high-end service providers. Such requirements may appeal to wealthy individuals or institutional clients but are likely prohibitive for retail traders with limited capital.

The broker claims to offer trading on Forex, Gold (a commodity), Crypto (cryptocurrencies), and Stocks. It provides the MetaTrader 4 platform, which is industry-standard for forex and CFD trading. MT4 supports algorithmic trading through Expert Advisors (EAs) and custom indicators, aligning with the broker's automated management offering.

Specifics on the number of instruments, spreads, or execution models are not publicly available from the broker's website or from aggregated industry data.

FOREX92 appears to target high-net-worth individuals and professional traders who are willing to invest substantial capital into managed accounts. The lack of regulation and high barriers to entry suggest that the broker is not seeking typical retail clients.

Investors considering FOREX92 should be aware that the automated managed account model involves delegating trading decisions to the broker's system, which carries inherent risks, especially in the absence of regulatory oversight.

The unregulated status is the primary risk factor for FOREX92. Traders have no guarantee that their funds are segregated or that the broker adheres to any standard of conduct. The high minimum deposits amplify the potential financial loss.

FXCanary's Scam Risk Score of 40/100 (Guarded) reflects these concerns. The score indicates that while there is no direct evidence of fraudulent activity, the combination of unregulated status and high entry requirements warrants caution.