Score
United Kingdom
|
2-5 years
| https://morefxway.com/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
United Kingdom
morefxway.com United States| MoreFX way Review Summary | |
| Founded | / |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Cryptos, indices, Forex, Energies, and shares |
| Demo Account | ❌ |
| Leverage | Up to 1:5000 |
| Spread | From 0.1 pips |
| Trading Platform | None |
| Min Deposit | $500 |
| Customer Support | Email: support@morefxway.com |
| Address: 71 Cherry Court SOUTHAMPTON SO53 5PD UK | |
MoreFX way is a multi-asset broker registered in the UK, offering trading on cryptos, indices, Forex, Energies, and shares with leverage up to 1:5000 and spread from 0.1 pips. However, there is no available trading platform, and the minimum deposit requirement is as high as $500. More worse, it currently has no valid regulatory licenses.
| Pros | Cons |
| Various trading instruments | No legit forex license |
| Multiple account types | Inaccessible website |
| No functional trading platform | |
| Extremely high minimum deposit | |
| Limited payment options | |
| Only email support |
No. MoreFX way currently has no valid regulations. Please be aware of the risk!
Overall, the tradable asset classes are abundant, including forex, energies, indices, shares, and cryptos. But except for enrgies, other commodities do not seem to be available.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptos | ✔ |
| Commodities | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
There are four account types: Starter, Silver, Gold and Platinum accounts. The minimum deposit requirement is extremely high, up to $500, while most other brokers only requires $100, or even no minimum threhold.
| Account Type | Minimum Deposit |
| Starter | $500 |
| Silver | $1 000 |
| Gold | $2 500 |
| Platinum | $15 000 |
The leverage is capped at 1:5000.
| Trading Instrument | Maximum Leverage |
| Gold, Japan | 1:5000 |
| EUR/USD | 1:1000 |
| Bitcoin, Ethereum, Litecoin, Ripple, EOS, S&P 500, Crude oil | 1:100 |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
MoreFX way claims to offer the leading MT4 platform, but in reality, there is not any trading platforms available.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
| cTrader | ❌ | / | / |
| TradingView | ❌ | / | / |
| Webtrader | ❌ | / | / |
| Mobile App | ❌ | / | / |
MoreFX way only suppports deposits and withdrawals via Bitcoin & Ethereum. Other popular methods like bank transfers, credit/debit cards, Skrill, and Neteller are not supported.
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