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Is FRTX licensed?
Luisa Svecovs
Marshall Islands
2026-07-14
ANSWER Dear Investor, FRTX claims to be owned and operated by FRTX Ltd, which is licensed by the Mwali International Services Authority (MISA). Upon verification, we confirmed that this company is indeed listed in MISA's directory of licensed entities, and the associated website matches FRTX. Therefore, we can fully verify FRTX's regulatory information. However, we must emphasize that MISA is widely regarded as an offshore regulator with limited international credibility and oversight. The strength and reliability of its regulatory framework remain questionable, meaning that holding this license alone may not provide comprehensive protection for your investments. Therefore, if you are considering trading with this broker, we strongly advise you to remain cautious and conduct thorough due diligence to safeguard your financial interests.
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What service does Proxtrend provide?
Vovk
Mauritius
2026-07-09
ANSWER Dear Investor, Regarding the specific services provided by Proxtrend, we recommend contacting their customer service team directly to obtain the most comprehensive information. Proxtrend claims to be operated by Proxtrend Ltd and holds a license issued by the Mwali International Services Authority (MISA). We have verified this claim through the publicly available list of licensed entities on the MISA website, and the registered website matches Proxtrend. However, it is worth noting that MISA is considered an offshore regulator with limited international credibility and oversight, which raises serious questions about the strength and reliability of its regulatory framework. Therefore, holding only this license cannot fully guarantee that your investment is subject to strict regulatory supervision. Furthermore, the Autorité des Marchés Financiers (AMF) has issued a warning against Proxtrend, stating that it is conducting unauthorized investment activities. We advise you to operate with caution and conduct thorough due diligence during your trading activities.
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Do you know specific spreads of Ravex Global?
Yulia Obeid
Egypt
2026-07-08
ANSWER Dear Investor, Ravex Global claims to operate under strict regulatory oversight, being licensed and regulated by the Mwali International Services Authority (MISA). We did find this company, Ravex Global LTD., on MISA's list of licensed entities, and the registered website matches Ravex Global. Therefore, we can confirm that Ravex Global is indeed a licensed broker. However, we must point out that MISA is considered an offshore regulator with limited international credibility and oversight, which raises serious questions about the strength and reliability of its regulatory framework. Consequently, being regulated solely by MISA does not equate to operating under strict regulatory oversight. Regarding the specific spreads offered by Ravex Global, we recommend contacting their customer service team directly to obtain detailed and up-to-date information. We advise you to remain cautious and mindful of the risks when trading.
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Could you check the AFAQ, how do they trade?
Chris Phiniefs
Qatar
2026-07-08
ANSWER Dear Investor, AFAQ claims to be a brand owned by Afaq FX Markets (Comoros) LTD, regulated and licensed by the MWALI International Services Authority (MISA). Upon investigation, we confirmed that this company is indeed registered in the MISA licensed entities list, and the registered website matches AFAQ. Therefore, we can verify that AFAQ is a licensed broker with a certain degree of reliability. However, please be aware that MISA is considered an offshore regulator with limited international credibility and oversight, which raises serious questions about the strength and reliability of its regulatory framework. For more information regarding AFAQ's trading services, we recommend visiting its official website and contacting their customer service team for the latest updates. Please also keep in mind that forex trading inherently carries high risks, and we advise you always to remain cautious and vigilant during your trading activities.
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Hello, can you please check this broker, ICunity?
Taylor Levy
Bahamas
2026-07-05
ANSWER Dear Investor, ICunity claims to be owned and operated by HERITAGE UNITY GROUP and licensed by the Mwali International Services Authority (MISA). Upon verification, we can confirm that the company is indeed listed in the MISA licensee registry, and the registered website matches the ICunity platform. Therefore, we can confirm that ICunity is indeed a licensed broker. However, MISA is considered an offshore regulator with extremely weak oversight and low international recognition. Given that ICunity holds only this single license, it cannot fully guarantee the safety of investors' funds. Furthermore, on July 3, 2026, the UK Financial Conduct Authority (FCA) added ICunity to its warning list, stating that this firm may be providing or promoting financial services or products without FCA's permission. Therefore, we advise you to remain vigilant, conduct thorough due diligence, and fully understand the deposit rules before proceeding.
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Do you have any information about MXTM?
Oluwatobiloba Grehan
Malta
2026-07-03
ANSWER Dear Investor, MXTM claims to be operated by MXTM Group Ltd, which is licensed and regulated by the Mwali International Services Authority (MISA). Upon verification, we can confirm that the company is indeed listed in the MISA registry of licensed entities, and the operating website registered with MISA perfectly matches the MXTM platform. Therefore, we can fully verify MXTM's licensing status. However, it is worth noting that MISA is considered an offshore regulator with limited international credibility and oversight, which raises serious questions about the strength and reliability of its regulatory framework. Therefore, holding only a MISA license does not equate to being subject to strict regulatory supervision. We advise you to exercise caution when trading with this broker.
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Does Skadeva provide negative balance protection?
HealthyBonnie
Sri Lanka
2026-06-30
ANSWER Dear Investor, Regarding whether Skadeva provides negative balance protection, we recommend contacting their customer service team directly for detailed information. Skadeva claims to be operated by Profit Pulse Ltd and regulated by the Mwali International Services Authority (MISA). Upon verification, we confirmed that MISA has indeed registered the company, and the registered operating website matches the Skadeva platform. Therefore, we can fully verify that Skadeva holds a valid license, which provides a certain level of assurance. However, please note that MISA is an offshore regulatory authority with relatively weak oversight, offering very limited investor protection. Holding only this type of license cannot fully guarantee the safety of your funds. Therefore, we advise you to remain cautious and conduct thorough due diligence before trading with this broker.
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Is ToraFX a reliable trading platform?
Maria Bhayat
Djibouti
2026-06-29
ANSWER Dear Investor, ToraFX claims to be licensed and regulated by the Anjouan Offshore Finance Authority (AOFA). Upon investigation, we did find a licensed entity named ToraFX Limited in the AOFA registry. However, the operating website was not registered, making it difficult to confirm whether this platform truly belongs to the licensed entity. Furthermore, AOFA itself is an offshore regulatory authority with very weak oversight, low international recognition, and provides minimal protection for investors. Therefore, based on these circumstances, we believe this broker cannot yet be defined as a compliant broker and carries high risks. Until its regulatory information is fully verified, we advise avoiding trading with this broker.
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I found this new broker: EAJ Trader. Can you check it?
Hagop Brunton
Liberia
2026-06-26
ANSWER Dear Investor, EAJ claims to be operated by EAJ Trader Limited and holds a license issued by the MWALI International Services Authority (MISA). Upon verification, we confirmed that EAJ Trader Limited is indeed listed among MISA's licensed companies, and the operating website registered with MISA matches the EAJ platform. Therefore, EAJ can be verified as a licensed broker. However, please note that MISA is an offshore regulator with relatively weak oversight. Licenses issued by MISA may not carry the same level of recognition as those from mainstream regulatory bodies. The regulatory framework is more lenient, and the level of protection for investors is limited. Given the inherently high risks associated with forex trading, we advise you to proceed with caution if you are considering trading with this platform.
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How's 24Five? Does this broker have any license?
Jatin Wilson
Jordan
2026-06-26
ANSWER Dear Investor, 24Five claims to be a brand of One World LTD, authorized and regulated by the Mwali International Services Authority (MISA). Upon verification, we confirmed that One World LTD is indeed a licensee of MISA, and the registered operating website matches the 24Five platform. Therefore, we can confirm that 24Five holds a valid license. However, please note that MISA is an offshore regulatory authority with relatively weak oversight. Licenses issued by MISA may not carry the same level of recognition as those from top-tier regulatory bodies. The regulatory framework is more lenient, and the level of investor protection is limited. Therefore, if you are considering trading with this platform, we advise you to proceed with caution.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.