FxFixed Review (2023)

Is FxFixed a scam or legit broker?

No, it is not safe to trade with FxFixed as it is not regulated. The broker is owned and operated by Unigreen Korlatolt Felelossegu Tarsasag, and located in Budapest, Hungary. However, we didn’t find any mentions about this broker in the register of the Hungarian regulator as well as some other major regulators’ registers. 

FxFixed does not provide any regulatory information, nor contact details. That’s when it comes to transparency. Regulated companies keep all the information open to their clients as it is required by the law. Obviously, FxFixed has no regulation and no authority to report to.  

About FxFixed

FxFixed provides the option to trade 200+ markets including the biggest cryptos. Its clients have an opportunity to trade highly liquid assets with very low spreads and 1:500 leverage (Low Spread Forex Brokers). According to the website, FxFixed guarantees 100% protection and security of funds and investments through professionally managed network data centres with fully redundant server arrays and internet connections, as well as complete transparency. With a lack of a lot of information, it actually seems like the broker is not that reliable and transparent.

Also, the awards mentioned on the website are fake as there are no such nominations and this broker was never nominated for any Forex award.

In addition, FxFixed has been blacklisted by the Spanish regulator CNMV:

“FxFixed is not authorised to provide the investment services, which include investment advice, nor to provide the auxiliary in relation to the financial instruments, including, for those purposes, foreign currency transactions.”

The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more. As FxFixed got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authority.

Conclusion

We advise all investors and traders to avoid FxFixed and other unregulated brokers (Check our Fake Forex Brokers List). The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.

You can also share your trading experience with FxFixed by commenting on this review.

FxFixed website is no longer active.