Forex FX Corp Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

#764

Score

6.9

Average

FX Corp is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 7.1

Business 6.4

Risk Control 6.7

Software 7.4

Regulatory 6.9

Terminal Snapshot

FX Corp Trading Conditions

Registered Region Australia

Operating Period 10-15 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number +610280769535

Website www.fxcorp.com.au

Balanced Review

Pros & Cons

Pros

Regulated by Australian Securities and Investments Commission (ASIC)
Diverse range of trading instruments including Forex, commodities, and cryptocurrencies
Multiple trading platforms available: FX6, web version, and mobile app
Competitive exchange rates and efficient foreign currency transfers
Dedicated relationship managers for personalized customer support

Cons

Unregulated status raises trust and safety concerns
Limited transparency regarding operational practices
Poor withdrawal process reported by clients
Subpar trading platform functionality
Negative feedback from users about scam-like activities

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	FX Corp	DBG Markets	IC Markets Global	AvaTrade
Operating Period	10-15 years	See review	See review	See review
Region	Australia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	6.9/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does FX Corp Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and individual traders	Access to competitive exchange rates and dedicated support	Suitable for small-capital practice
Professional Account	Experienced traders	Higher trading limits and advanced services	Requires trading volume qualifications
Corporate Account	Businesses and corporate clients	Custom solutions for international trading needs	Requires corporate documentation
Demo Account	New traders	Practice trading with virtual funds	Helps in familiarizing with trading environment

Account Opening Process

To open an account with FX Corp, applicants must submit personal, employment, and financial information. This includes providing identity verification documents, such as a government-issued ID and proof of address. The account opening process is designed to be straightforward, and clients have the flexibility to upgrade to a professional account as their trading needs evolve.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0	Tight spreads for major currency pairs
Forex (Minor Pairs)	1.2	$0	Competitive pricing for various currencies
CFDs (Stocks)	1.5	$10 per lot	Commission applies on stock trades
CFDs (Indices)	1.0	$8 per lot	Efficient trading on indices
Cryptocurrencies	1.5%	$0.1	Variable based on market conditions

Other Fees

FX Corp may impose fees related to deposits and withdrawals, which can vary by payment method. Inactivity fees may apply if an account remains dormant for an extended period. Clients should also be aware of potential overnight interest (swap rates) for positions held overnight, as well as currency conversion fees for trades involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

FX Corp is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

FX Corp User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Ishi 6951

Unknown

★ ★ ★ ★ ★

I got scammed by using FX Corp trading app. They initially allowed me to withdraw small amounts, which built my trust. But when I tried to withdraw a larger sum, they said I had to deposit more money first for ‘taxes’. It’s a trap, and I lost a lot of money. Please be cautious with this broker.

Asif 522

Unknown

★ ★ ★ ★ ★

My experience with FX Corp has been frustrating. I deposited money and made some profits, but when I wanted to withdraw, they kept demanding more fees. It feels like a scam. The support was responsive initially, but they couldn’t help with my withdrawal issues.

John Smith

Sydney, Australia

★ ★ ★ ★ ★

FX Corp has a decent trading platform and offers a variety of currencies. The customer service was helpful when I had questions about my account. I appreciate the support and the competitive exchange rates, but I wish they had more transparency regarding fees.

Emily Johnson

Melbourne, Australia

★ ★ ★ ★ ★

I’ve been trading with FX Corp for over a year now, and I have had a positive experience. The platform is user-friendly, and I found their customer service to be very responsive. I like their range of trading instruments, making it easy to diversify my investments.

Australia Market