FX Tray

FX Tray is a retail forex and CFD broker established in 2021 (according to its company description) and registered as FX Tray Market LLC in Saint Vincent and the Grenadines under limited liability company number 1421 LLC 2021. The broker's official domain is fxtray.com, and it operates from Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines. The broker positions itself as a copy trading platform offering access to forex, commodities, cryptocurrencies, and indices.

The broker has a presence on social media platforms including Facebook, Instagram, LinkedIn, Twitter/X, and YouTube. Its website features a blog with educational articles on forex trading basics. As of the time of this review, FX Tray holds no known regulatory licenses from any financial authority.

FX Tray is not regulated by any major financial regulator. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction known for minimal oversight of financial services. There is no evidence of licensing from bodies such as the FCA, CySEC, ASIC, or any equivalent. The absence of regulation means traders have no recourse to a financial ombudsman or compensation scheme in case of disputes or broker default.

Our FXCanary Scam Risk Score for FX Tray is 49 out of 100, indicating a guarded level of risk. Traders should exercise caution and understand that trading with an unregulated broker carries significant potential for loss.

FX Tray offers four live account types: Crypto, ECN, Standard, and Classis. The Crypto account has a minimum deposit of $10 and maximum leverage of 1:10. The Standard account requires $100 with leverage up to 1:500.

The Classis account also starts at $10 and offers leverage up to 1:500. The ECN account is designed for professional traders with a minimum deposit of $5,000 and leverage up to 1:100 (though the website states up to 1:200 for ECN and RAW accounts). Additionally, a RAW account is available with a $5,000 minimum deposit and leverage up to 1:200, positioned as a single-step challenge.

A demo account is also available with a $500 virtual balance, allowing traders to test strategies with simulated market conditions. The broker claims to offer over 389 trading pairs across its accounts, with spreads from 0.1 pips on ECN and RAW accounts.

FX Tray provides access to a range of financial instruments, including forex pairs, metals (gold and silver), indices, commodities, and cryptocurrencies. The website does not specify the trading platform used (e.g., MetaTrader 4/5 or proprietary), but it emphasizes high-speed execution and low spreads. The broker claims to offer 24/7 market availability for its RAW account.

The broker's product pages detail forex trading, metal trading, indices, CFDs, and cryptocurrencies. The site also includes a blog with educational content on currency pairs and forex trading basics.

The broker's website does not provide explicit information on funding methods or withdrawal processes on the pages reviewed. The account registration page is accessible via user.fxtray.com, but no details on payment options (credit cards, bank transfers, e-wallets) are mentioned. Traders would need to contact support or go through the registration process to learn about available deposit and withdrawal methods.

Given the lack of transparency on funding, traders should verify these details directly with the broker before committing funds.

FX Tray appears to target both novice and experienced traders, offering a range of account tiers from low-minimum Classis and Crypto accounts to high-minimum ECN and RAW accounts. The demo account caters to beginners wanting to practice, while the copy trading feature (mentioned but not detailed) may appeal to those seeking to follow other traders. However, the high leverage of up to 1:500 and unregulated status make it more suitable for experienced traders who accept significant risk.

The broker's presence on social media and promotional discounts suggest an active marketing strategy aimed at building a user base.