Overall Score43 / 100The Wikilix trust rating of FXNX, out of 100, built from the five factors below.High risk: no licence is in force, and EURUSD costs about 0 pips all-in.Regulation0%Identity61%Client terms53%Trading offer81%Service62%Score last calculated 2026/10/15
High risk35 to 49. Serious gaps in regulation, client terms or conduct; the record points to real risk for a deposit.Why: High risk: no licence is in force, and EURUSD costs about 0 pips all-in.
43 out of 100 · 67% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.
Do not trust
High risk
Fair
Good
Excellent
High risk: no licence is in force, and EURUSD costs about 0 pips all-in.
RegulationWhether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
0Poor
IdentityWho is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
61Fair
Client termsHow fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
53Fair
Trading offerWhat trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
81Excellent
ServiceHow clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
62Fair
We checked FXNX on 2026-10-15 across regulation, corporate record, client terms, trading offer and service, covering 67% of the record. No licence was in force: every licence we held had ended or was not found on its register. The weighted pillars summed to 43 and no gate capped it. Coverage was 67%, below the 65% needed for a full rating. What would change it: verified age, transparency, policy risk. No scam check had been published, so complaints and reputation stayed unknown. No policy review had been published, so the client terms were not scored. Trading EURUSD cost about 0 pips all-in, spread and commission together.
What Wikilix has recorded about FXNX: its history, the licences it holds, its trading conditions and its fees.
FXNX Broker Overview
FXNX is a forex and CFD brand operated by FXNX Global Markets Ltd, a company the broker states was incorporated in Saint Lucia in 2025 under number 2025-00128. The broker offers around 150 instruments across currencies, metals, indices, energies and crypto, with leverage to 1:500, and runs on MetaTrader 5 alongside its own NX Terminal. Its stated focus is the Middle East, North Africa and other regions where local banking is difficult, and its funding is built around stablecoins.
FXNX Regulation and License
FXNX Global Markets Ltd names the Mwali International Services Authority as its regulator and publishes brokerage licence BFX2025082 together with Mwali registration HV00525348. The licence record examined for this profile shows the licence effective from 11 July 2025, issued in the Comoros, held by FXNX Global Markets Ltd, and covering foreign exchange, futures, derivatives and options trading. The broker publishes its own verification link on its .
Is FXNX Regulated?
Yes, but only offshore. The Mwali International Services Authority is a low tier offshore authority in the Comoros, and its brokerage licence does not carry the client money segregation rules, the capital requirements or the compensation scheme a client would get from an onshore regulator. FXNX holds no licence from any authority in the countries it markets to.
Is FXNX Safe?
FXNX is a real, identifiable operator rather than an anonymous website, and it publishes negative balance protection and a documented KYC and withdrawal review procedure. Set against that, the operating company is barely a year old, the only supervision is offshore, and the broker publishes no statement that client money is held separately from company funds. Anyone considering it should treat it as an early stage offshore broker and size any deposit accordingly.
FXNX Account Types
Five live accounts are offered, all on the same execution venue. NX One is the default at a 50 USD minimum with spreads from 0.5 pips. NX Bonus, from 100 USD, adds non withdrawable bonus credit that lifts margin. NX Auto, from 200 USD, is aimed at AI agents, bots and copy trading. NX Pro is the raw spread tier, from 2,500 USD, with spreads from 0.0 pips. NX Flex lets the client choose the spread markup, the commission and the swap treatment, with the minimum deposit following that choice from 10 USD upwards.
FXNX Spreads, Commissions and Fees
Commission is charged per lot round turn and moves with the account rather than with volume: 5 USD on NX Pro, 6 USD on NX One, 7 USD on NX Bonus and 9 USD on NX Auto, with NX Flex letting the client trade commission against spread anywhere between 0 and 9 USD per lot. Spreads start at 0.0 pips on NX Pro and 0.5 pips on NX One. The broker publishes no schedule of deposit or withdrawal fees.
FXNX Leverage
Maximum leverage is 1:500 on major currency pairs. It is lower on other classes, including 1:200 on indices and 1:10 to 1:20 on crypto.
FXNX Trading Platforms
FXNX runs on MetaTrader 5 for Windows, macOS, web, iOS and Android, and on NX Terminal, its own web and mobile platform built around TradingView charting. Both connect to the same accounts, and a desktop build of NX Terminal is described as still to come.
FXNX Deposits and Withdrawals
Funding is crypto first: USDT on TRC-20, ERC-20 or BEP-20 and USDC on ERC-20, credited once the network confirms. Local bank and e-wallet rails are offered in eight countries, among them the Philippines, Brazil, India and Mexico. Identity verification is required before a first withdrawal, payouts return to the method used to fund, and the broker states stablecoin withdrawals are broadcast within seconds of approval. No fee schedule, minimum or maximum withdrawal amount is published.
FXNX Support
Support runs 24 hours a day on weekdays across market hours, in English, Spanish, French, Persian and Arabic, by live chat in the client portal and by email. The broker lists a registered office in Rodney Bay, Saint Lucia and an operating office in Larnaca, Cyprus, with a United Kingdom telephone line for institutional and partner enquiries.
FXNX Pros and Cons
Named, contactable operating company with two disclosed offices and a published licence number.
Genuinely unusual account flexibility, including a configurable spread and commission tier.
Fast stablecoin funding for clients in regions where card and bank rails are unreliable.
Offshore supervision only, with no onshore licence and no compensation scheme behind client deposits.
A trading record of under a year, and no published statement on segregation of client funds.
No published fee schedule or withdrawal limits, so funding costs are unknown before an account is opened.
FXNX Review and Assessment
FXNX presents itself unusually openly for an offshore broker: the entity, the licence number, the offices and the account terms are all published and internally consistent. What a prospective client is buying, though, is an offshore licence from a low tier authority behind a company incorporated in 2025, which means the practical recourse if funds are withheld is limited to the broker itself. The most important question to settle before funding an account is what happens to a withdrawal request, because the broker publishes its withdrawal procedure but no fee, timing or limit commitments to go with it.
Every licence FXNX has in force is from an offshore regulator. Most carry no compensation scheme — each licence's record says what the issuing regulator actually requires.
1 of 1 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
1
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
0
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
0
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
1
WIKILIX
Licence intelligence
The only licence on file
Licence Verification Record
Moroni International Services AuthorityBFX2025082
Recorded from the firm's own disclosure. Not yet checked against the register.
Jurisdiction
ComorosOffshore
Authority strength
Tier 4
Licence type
Retail Forex License
Effective
Jul 11, 2025
Shown on the FXNX website
Shown
Not yet checked on the register
Client protection under this licence
No compensation scheme
Negative balance protection
No complaints route
Maximum leverage1:997
These are the rules MISA sets for the firms it licenses. They are not a statement about how FXNX applies them, or about which of its companies would hold your account.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
5 account types on record. Minimum deposit from USD 10. Leverage up to 1:500.
5 account types
Account
Min Deposit
Max Leverage
Commission
NX OneStandard
USD 50
1:500
$6 per lot round turn
NX BonusStandard
USD 100
1:500
$7 per lot round turn
NX AutoCopy Trading · Copy & Managed
USD 200
1:500
$9 per lot round turn
NX ProECN
USD 2,500
1:500
$5 per lot round turn
NX FlexStandard
USD 10
1:500
Client-selected, $0 to $9 per lot
Client acceptance
Country availability
Where FXNX says it will and won't take clients
7 countries
7
Confirmed blocked
Named in the broker's own terms
USUnited StatesCACanadaJPJapanAUAustraliaCNChinaMMMyanmarKPNorth Korea
How we know — 4 sources
1The regulation page carries an Eligibility section headed Restricted jurisdictions: it is the broker's policy not to accept clients resident in the United States, Canada, Japan, Australia, China, Myanmar and North Korea, and it says jurisdiction is confirmed at onboarding.
2The plain-language terms, privacy and risk-disclosure summaries name no jurisdictions and point to the full PDF agreements for binding text.
3The help centre names eight countries where local bank and wallet funding is available (Philippines, Vietnam, Brazil, India, Indonesia, Mexico, Colombia, Peru); that is a payment-rail statement, not an onboarding acceptance list, so no whitelist code was taken from it.
4The signup form's first step asks only for email and password; no country selector is exposed before an account exists, so no enforced country list could be read.
Deposits & withdrawals
Funding Methods
4 ways to fund an account. 4 credit instantly.
4 methods
Method
Deposit fee
Withdrawal fee
Min deposit
Withdrawal min / max
Processing
USDT (TRC-20, ERC-20, BEP-20)CryptocurrencyStablecoin deposits credit as soon as the network confirms; withdrawals are typically broadcast within 2 to 4 seconds of approval. The broker publishes no fee or limit schedule for this channel.
—Not recorded
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Instant
Local bank transferBank TransferLocal bank rails are offered in the Philippines, Vietnam, Brazil, India, Indonesia, Mexico, Colombia and Peru; payouts follow local clearing times. No published fees or limits.
—Not recorded
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Instant
USDC (ERC-20)CryptocurrencyCredited on network confirmation; withdrawals broadcast within seconds of approval. No published fees or limits.
—Not recorded
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Instant
Local e-wallets (GCash, PIX, UPI)E-WalletRegional wallet rails offered alongside local bank transfer in the same eight countries. Withdrawals return to the method used to fund. No published fees or limits.
One domain on record. All active and served over HTTPS.
1 domain
portal.fxnx.comListed domainActiveHTTPS
Social channels
Social Presence
4 official channels on record.
4 channels
Legal entities
Corporate Network
One legal entity behind the FXNX brand.
1 entity
FXNX Global Markets LtdActiveSaint Lucia·Registration 2025-00128The operating entity named in the site footer, the legal summaries and on the licence record; it also carries Mwali registration HV00525348.
Company registry check
Checked
Company Registration
FXNX names FXNX Global Markets Ltd as the operating company. We could not confirm that registration on the registry.
By email at support@fxnx.com, with compliance@fxnx.com for KYC and complaints, and by live chat inside the client portal during market hours. Support is offered 24 hours a day on weekdays in English, Spanish, French, Persian and Arabic. A United Kingdom telephone line, +44 1235 64 33 83, is published for institutional and partner enquiries. The registered office is in Rodney Bay, Saint Lucia and an operating office is listed in Larnaca, Cyprus.
Under a year at the time of this review. The operating company is stated to have been incorporated in Saint Lucia in 2025 and its brokerage licence took effect on 11 July 2025. There is no track record showing how the firm behaves in a stressed market or over a full business cycle.
The broker does not say so. Its site publishes negative balance protection and states that accounts are held in a single USD base currency by the licensed entity, but nowhere does it commit to holding client money in segregated accounts, and its offshore licence does not require it. That is a material gap for anyone weighing what happens to a balance if the firm fails.
The NX Bonus account adds credit that lifts usable margin, advertised publicly at 80 to 90 percent of a deposit, with more available by tier or region. The credit itself is not withdrawable. Bonus schemes of this kind commonly carry conditions on trading style, and we have seen complaints in which profits were voided under a bonus abuse clause with no appeal offered. Read the bonus terms in full before accepting the credit.
Yes. Swap free treatment is available on request across the instrument range, and on the NX Flex account the client selects the swap treatment as part of building the account, with a stated limit of up to fourteen days per position.
The broker's regulation page states it is its policy not to accept clients resident in the United States, Canada, Japan, Australia, China, Myanmar and North Korea, and that jurisdiction is confirmed at onboarding. No other jurisdictions are named as restricted.
Costs are split between spread and per lot commission and vary by account rather than by volume. Commission is 5 USD per lot round turn on NX Pro, 6 USD on NX One, 7 USD on NX Bonus and 9 USD on NX Auto. Spreads start at 0.0 pips on NX Pro and 0.5 pips on NX One. NX Flex lets a client trade commission against spread anywhere between 0 and 9 USD per lot. No deposit or withdrawal fee schedule is published.
The broker states that approved stablecoin withdrawals are broadcast within two to four seconds and that local rails follow their own clearing times. The step that actually determines the wait is the internal review before approval, and the broker publishes no time commitment for it. We have seen repeated accounts of withdrawal requests sitting pending for a week or longer, so the published broadcast speed should not be read as a payout time.
Funding is built around stablecoins: USDT on TRC-20, ERC-20 or BEP-20, and USDC on ERC-20, credited once the network confirms. Local bank transfer and e-wallet rails are offered in eight countries including the Philippines, Brazil, India and Mexico. Identity verification is required before a first withdrawal, every withdrawal is reviewed before release, and payouts return to the method used to fund the account. The broker publishes no fee schedule and no minimum or maximum withdrawal amount.
Two. MetaTrader 5 for Windows, macOS, web, iOS and Android, with Expert Advisor support, and NX Terminal, the broker's own web and mobile platform built around TradingView charting. Both connect to the same accounts and a desktop build of NX Terminal is described as still in development.
Up to 1:500 on major currency pairs. Leverage is stepped down on other asset classes, including roughly 1:100 on exotic pairs, 1:200 on indices and between 1:10 and 1:20 on cryptocurrencies. Leverage at this level is not permitted for retail clients by most onshore regulators, and it multiplies losses as readily as gains.
The lowest published entry is 10 USD, which applies only to the configurable NX Flex account at its cheapest setting. In practice the standard entry point is NX One at 50 USD. NX Bonus starts at 100 USD, NX Auto at 200 USD, and the raw spread NX Pro account at 2,500 USD.
There is no evidence that FXNX is a fabricated operation. The company, the licence and the offices are real and consistent, and the platform is a genuine MetaTrader 5 deployment. What we do find is a pattern of unresolved complaints about withdrawals being delayed or refused, several of them tied to bonus terms, alongside supervision that is offshore only. That combination makes it high risk rather than confirmed fraud, and it is the reason we would not recommend depositing money a trader cannot afford to lose.
The FXNX brand is operated by FXNX Global Markets Ltd, stated on the broker's own site to be incorporated in Saint Lucia under number 2025-00128, with a further Mwali registration HV00525348. The same entity is named in the site footer, the legal summaries and on the licence record, which is a consistency point in the broker's favour. No individual owners or directors are disclosed anywhere on the site.
FXNX is regulated offshore only. The operating company, FXNX Global Markets Ltd, holds brokerage licence BFX2025082 from the Mwali International Services Authority in the Comoros, effective 11 July 2025. It holds no licence from an onshore regulator in any of the markets it advertises to, so a client in Europe, the Gulf, Africa or Asia is dealing with a firm their own national regulator has no power over.
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