About Forxl Markets
Company Overview
Forxl Markets operates under the domain fxking.uk and is registered in the United States, with a stated founding date of February 24, 2022. The firm lists a physical address at 35 E 22nd Street, New York, NY 10165, USA.
According to available records, Forxl Markets is not regulated by any known financial authority. The absence of a regulatory licence is a significant factor for traders to consider, as it means the broker is not subject to the oversight and investor protection measures provided by regulatory bodies such as the FCA, CySEC, or ASIC.
Account Types
Forxl Markets offers multiple account plans: GOLDEN PLAN, VIP PROMOTION PLAN, PROMOTION PLAN, and STARTER PLAN. No minimum deposit or maximum leverage figures are disclosed for any of these account types in the public records we have reviewed.
The lack of detailed specifications makes it difficult for potential traders to compare these accounts with those of other brokers. Typically, such transparency is expected in the industry to help traders make informed decisions.
Trading Instruments and Platforms
The broker has not publicly listed the financial instruments it offers for trading, nor the trading platforms available to clients. Common offerings among retail forex brokers include currency pairs, indices, commodities, and crypto CFDs, but no such information is confirmed for Forxl Markets.
Similarly, there is no indication of whether the broker uses MetaTrader 4 or 5, cTrader, or a proprietary platform. This lack of information adds to the overall uncertainty surrounding the broker's services.
Funding and Fees
No details are available regarding accepted payment methods, deposit and withdrawal procedures, or fee structures. Without this information, traders cannot assess the cost of trading or the ease of moving funds in and out of an account.
In the absence of such transparency, traders should exercise extreme caution, especially when dealing with an unregulated entity.
Target Audience
Based on the account plan names, Forxl Markets appears to target a broad range of traders, from beginners (STARTER PLAN) to potentially high-volume or VIP clients (VIP PROMOTION PLAN). However, the complete lack of regulatory oversight and missing details on trading conditions suggest that this broker is not suitable for traders who prioritize safety and transparency.
The broker's registration in the United States, a jurisdiction with strict financial regulations, is noteworthy given its unregulated status. It remains unclear whether Forxl Markets actually operates within the US or serves clients globally.
Overview compiled by FXCanary from regulatory records and public data. full Forxl Markets review