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FreeForex

Moderate riskForex / CFD broker
Anguilla · 2-5 years · since 2024-05-08 · FreeFX LLC
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
1:1000
Max leverage ›
2
Account types ›
49/100
Scam risk ›
0
Clone sites ›
Accounts: PRO · NoneSTANDARD · None
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX2.03/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from FreeForex? Our free assistant writes up your case and shows exactly what to do next →
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No sign that FreeForex 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.
49
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Anguilla (offshore, light oversight)
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 age4515%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration808%
Transparency (site/info/social)2510%

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 nameFreeFX LLC
Headquarters Anguilla
Founded2024-05-08
Years operating2-5 years
Employees0
Official websitelogin.freefx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods10 · VISA, PerfectMoney, WebMoney, MASTER
Withdrawal methods9 · VISA, Neteller, Skrill, BTC
InstrumentsCURRENCY PAIRSSPOT METALSOil
Registered address
No. 9 Cassius Webster Building, Grace, Complex, PO Box 1330, The Valley, AI-2640 Anguilla.

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 2

AccountMax leverageMin. depositMin. spreadCommissionEA
PRO1:1000NoneFrom 0$30 per million✓
STANDARD1:1000NoneFrom 0.7None✓

Review analysis AI

FreeForex is an unregulated broker offering high leverage and no minimum deposit, which carries significant risk. The lack of regulatory oversight and the firm's recent establishment (2024) contribute to a guarded risk score of 49/100. Traders should exercise extreme caution and consider the potential for capital loss.

Best for
  • Traders seeking high leverage up to 1:1000
  • Traders who prefer no minimum deposit
  • Scalpers and news traders
  • Traders interested in ECN-style execution with low spreads
Not for
  • Traders requiring regulatory oversight from a major authority
  • Risk-averse traders who prioritise investor protection schemes
  • Traders looking for a well-established broker with a proven track record
Period:

Real user reviews

Where FreeForex 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.

🇧🇷 Brazil

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 FreeForex says about itself as stated by the broker · not independently verified by FXCanary

Account Types

FreeForex offers two primary account types: Standard and Pro. According to its website, the Standard account is a spread-only account with no commissions, suitable for beginners. The Pro account provides raw institutional spreads with a commission of $30 per million per side ($6 per standard lot round turn). Both accounts have no minimum deposit requirement.

Trading Conditions

The broker claims leverage up to 1:1000 on all accounts, with no trading restrictions. Scalping and news trading are explicitly allowed. Spreads on the Pro account can start from 0 pips, and the Standard account uses a spread-only fee model. The broker emphasises 'no conflict of interest' through full DMA/ECN execution.

Platforms and Tools

FreeForex provides the MetaTrader 4 (MT4) platform, including desktop and mobile versions. The broker states that all data is protected with 128-bit encryption. Additionally, it offers access to MQL5 Trading Signals for copy trading.

Instruments and Markets

The broker lists 40 currency pairs, spot metals (gold and silver), and spot oil as tradeable instruments. All account types have access to the same instruments.

Funding and Bonus

FreeForex claims instant deposits and withdrawals processed every business day. The homepage prominently advertises a '100% Deposit Bonus' to increase purchasing power.

About FreeForex

Company Overview

FreeForex, operating under FreeFX LLC, is a retail forex and CFD broker registered in Anguilla. The company was founded on 8 May 2024, with its registered address at No. 9 Cassius Webster Building, Grace Complex, PO Box 1330, The Valley, AI-2640 Anguilla. Its business address is located in Valjevo, Serbia, at Kosmajska 6, 14000 Serbia. The broker markets itself as an ECN broker with no minimum deposit and high leverage.

Regulation and Safety

FreeForex is not regulated by any financial authority. As of its establishment in 2024, no regulatory licence has been filed with any known regulator. This lack of oversight means that traders have no recourse through a regulatory ombudsman or compensation scheme in the event of a dispute. The broker's registration in Anguilla, an offshore jurisdiction, further limits investor protection.

Account Types

FreeForex offers two account tiers: Standard and Pro. The Standard account is a spread-only account with no commission, designed for novice traders. The Pro account charges a commission of $30 per million per side (equivalent to $6 per standard lot round turn) in exchange for raw spreads from liquidity providers. Both accounts feature no minimum deposit and are available for live and demo trading.

Trading Conditions

The broker provides maximum leverage of 1:1000 on both accounts. Trading restrictions are minimal, with scalping and news trading explicitly permitted. The Standard account offers variable spreads, while the Pro account claims spreads from 0 pips. Execution is described as direct market access (DMA/ECN), with no dealing desk intervention.

Trading Platforms

FreeForex supports the MetaTrader 4 (MT4) platform, including desktop, web, and mobile versions. The broker highlights 128-bit encryption for data security. Additional features include MQL5 Trading Signals for automated copy trading. The platform offers over 50 built-in indicators and 9 timeframes for technical analysis.

Instruments and Markets

Traders can access 40 currency pairs, spot metals (gold and silver), and spot oil. The broker does not list indices, equities, or cryptocurrencies among its offerings. All instruments are available to both account types, allowing unified trading from a single account.

Funding and Customer Support

FreeForex claims to process deposits instantly and withdrawals every business day. The homepage advertises a 100% deposit bonus, although terms and conditions are not detailed on the site. Customer support is available 24/5 via telephone/fax at +38114500319. The broker states that it responds to inquiries within 24 hours on business days.

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