About White Fx
Company Overview
White Fx operates under the domain whitefx.uk and is registered in India. According to available records, the company was founded on December 6, 2022. Its registered address is located at 9th Floor, Fortune Building, G Block, BKC-Bandra (East), Mumbai - 400051.
The broker does not hold any known regulatory licenses from major financial authorities. This absence of oversight is a notable factor for traders considering the platform.
Account Types
White Fx offers four distinct account tiers designed to cater to different trader profiles and capital sizes. The Micro Account requires a minimum deposit of $1,000 and provides maximum leverage of 1:1000. The Standard Account has a minimum deposit of $5,000 with leverage up to 1:500.
For higher capital traders, the ECN Account requires a $10,000 minimum deposit and offers leverage of 1:200. The top-tier PRO Account demands a substantial minimum deposit of $100,000 with a more conservative leverage cap of 1:100. These account structures indicate a focus on both retail and high-net-worth clients, though the high entry points for the lower tiers may limit accessibility.
Regulatory Status
Our records indicate that White Fx is not regulated by any known financial regulatory body. This lack of oversight means traders are not protected by deposit guarantee schemes or dispute resolution services typically provided by regulated brokers.
Unregulated brokers carry inherent risks, and the absence of a regulatory license should be a major consideration for any potential client. FXCanary recommends traders exercise caution when dealing with unregulated entities.
Trading Instruments and Platforms
The specific trading instruments offered by White Fx are not listed in our records. Similarly, details regarding trading platforms (such as MetaTrader 4/5 or proprietary software) are not available.
Potential clients are advised to verify instrument availability and platform compatibility directly with the broker before committing funds. The lack of transparent information in these areas adds to the overall uncertainty.
FXCanary Scam Risk Assessment
Based on our analysis, White Fx has been assigned a Scam Risk Score of 52 out of 100, indicating an elevated risk level. This score reflects the unregulated status, limited publicly available information, and the relatively recent establishment of the company.
Traders should weigh these factors carefully and consider seeking brokers with robust regulatory oversight and a longer track record of operation.
Overview compiled by FXCanary from regulatory records and public data. full White Fx review