Is FxErise a Scam? The Facts You Need to Know

The project operates as a trading intermediary, offering access to both basic financial instruments and cryptocurrencies. The company’s founders claim to provide high leverage and round-the-clock customer service. The firm promotes a browser-based trading platform despite its limitations and restricted functionality. Client reviews are predominantly negative, with clear criticism directed at the intermediary. This analysis seeks to determine whether fxerise.com is a scam.

Company Highlights

Key FxErise Trading Features

The dealer FxErise facilitates access to contracts for difference (CFDs) and basic account types. Upon registration, traders can choose from the following account options: Standard, Gold, and VIP. The primary distinctions among these accounts lie in the minimum deposit requirements, additional services, leverage levels, and spreads. The drawbacks of these accounts stem from the restricted accessibility of certain privileges, necessitating larger deposits to obtain specific benefits.

The platform’s minimum deposit requirement stands at $10,000. To open a VIP account, a balance of at least $250,000 is required. The administration claims there is no upper limit for transactions. However, the significant initial deposit poses a substantial risk for novice traders, as there is a high probability of losing the entire $10,000 with no refund options available.

An Islamic account is available with a reduced minimum deposit of $500. This account type features zero spreads, a fixed leverage of 1:200, no swap fees, and immediate order execution. The total number of available financial instruments reaches 250.

Spreads on the platform can be either floating or fixed. However, the company’s representatives prefer not to disclose precise values. The base currencies supported for trading include USD, EUR, and GBP. Additional details indicate that the margin call level ranges from 15% to 35%, while the stop-out level is set at 50%.

Leverage under the platform’s partnership terms varies from 1:20 to 1:300. While the lower end of this range remains acceptable, leverage of 1:300 constitutes a significant red flag. In such conditions, clients face the risk of losing their funds at the early stage of the partnership and accumulating debt to the platform. Regulated brokers typically set leverage limits between 1:30 and 1:50.

Overall, the listed trading conditions exhibit notable disadvantages, particularly concerning the elevated initial deposit requirement and the necessity to “purchase” specific privileges and services. Additional concerns involve undisclosed spread details and excessive leverage levels.

Overview of Available Trading Instruments

FxErise offers access to various financial instruments, including CFDs, commodities, stocks, indices, currency pairs, and cryptocurrencies. The total number of available assets exceeds 250. However, due to the limitations of the browser-based trading terminal, the actual number of accessible instruments is significantly lower, amounting to only a few dozen. There are also concerns regarding the authenticity of price quotes, which will be discussed in the next section.

It is essential to highlight the risks associated with CFD trading. Historically, CFD trading is a high-risk activity that often results in financial losses for clients. Statistics indicate that over 87% of CFD trades end in losses for traders. Furthermore, the dealing center acts as a counterparty in transactions, meaning it profits from client losses.

Fxerise.com Platform Analysis

Assessing the quality of the FxErise platform is straightforward. A demo account provides insight into the WebTrader system, its deficiencies, and its unique features. Despite claims from the broker’s administration regarding the platform’s stability, an intuitive interface, and a mobile-friendly version, the reality is different. Promised features such as instant trade execution and access to all advertised financial instruments are not consistently delivered.

Many of the company’s statements are misleading. First, the trading terminal operates correctly only on desktop devices via a web browser. Second, concerns regarding liquidity result in significant delays in order execution. User reviews highlight issues with commissions and spreads, which are reportedly manipulated to deceive traders. Cases of fake asset quotes have also been reported.

Additional Services

FxErise heavily promotes its additional services as a core aspect of its marketing strategy. These include news content and analytical materials tailored to both novice and experienced traders. The company also claims to provide expert advisory services through a dedicated support manager who is available five days a week.

The dealer advertises scalping and hedging services with no restrictions on the number of trades. The Resources section of the website contains supplementary materials, such as a glossary, technical analysis guides, risk management tools, and an economic calendar. However, the usefulness of these resources remains questionable.

Fee Structure. Are You Paying More Than You Should?

FxErise does not disclose specific details regarding commission fees. This lack of transparency applies to both trading fees and deposit/withdrawal charges. For example, the homepage does not specify exact commission rates, nor does the client agreement provide clear information, offering only vague descriptions.

Additionally, the platform reserves the right to charge fees during transactions, with extra charges potentially applied within 10 business days of processing payments. Withdrawal requests are also subject to fees.

Inactivity penalties of $100 apply for every 30 calendar days without trading activity. Consequently, if a client remains inactive for several months, the platform gradually deducts funds from the account.

Finally, the administration claims to offer zero commission trading, raising the question of how the broker generates revenue, given that spread details are also undisclosed.

Legitimacy of FxErise

The FxErise administration completely omits regulatory details. The lack of transparency calls into question the reliability of the platform and often leads to significant financial losses for traders. No information regarding the company’s legal standing appears on the official website, in its footer, or within any documentation.

The terms and conditions seem to be copied from somewhere, as they contain the highly plausible phone number 123456789 and mention of being regulated in Switzerland. Of course, the Swiss Central Business Name Index does not list any information about FxErise.

The contact section lists the supposed headquarters address and an email for customer support. However, verification attempts indicate that these details are fictitious, as both the email and physical address fail authentication checks.

The Broker’s Past and Present

FxErise does not possess a strong reputation or a long-standing operational history. The firm was established in late 2024, so it is premature to discuss its achievements or the benefits of its trading partnerships. A simple Whois search confirms the company’s brief existence.

Conclusion

We strongly advise against engaging with FxErise. The project exhibits a low level of credibility and is widely criticized within the trading community. The dealer lacks European regulatory licenses and official legal registration. Its trading conditions are unfavorable, and the likelihood of financial losses is exceptionally high.

Weighing the Pros and Cons

Common Questions