FNory

FNory holds no known financial regulatory license and is registered in Saint Vincent and the Grenadines, a region known for minimal oversight. Its WikiFX core score is 1.60 out of 10, indicating significant concerns. Additionally, multiple user complaints allege withdrawal issues and profit confiscation. Therefore, FNory cannot be considered a safe or reliable broker.

No, FNory is not regulated by any recognized financial authority. The broker’s regulatory status is listed as 'Not Regulated' in the latest data, and its license details show no valid forex or other licenses.

The minimum deposit required to open a STANDARD account with FNory is $100 (USD).

FNory supports the MetaTrader 5 (MT5) platform, as indicated in user reviews. There is no official confirmation of MT4 support.

Pros: Offers MT5 platform, no commission mentioned, supports scalping and EA trading, and provides a standard account with up to 1:500 leverage. Cons: Not regulated, low WikiFX score (1.60), multiple user complaints about withdrawal blocks and fund confiscation, and a short operating history of 2-5 years in a high-risk jurisdiction.

Yes, several user complaints have been posted on WikiFX. They include allegations of withdrawal refusal, profit confiscation under the pretext of trading rule violations, and demands for unnecessary documentation. Some users label FNory a scam. A few positive reviews mention good support and fast execution, but the volume of negative complaints is notable.

FNory’s availability in the US is not publicly specified. Given its lack of regulatory status and registration in Saint Vincent and the Grenadines, it is unlikely that it accepts US clients.

Deposit processing appears to be prompt according to some user feedback. However, withdrawal convenience is disputed: multiple complaints report rejected withdrawal requests, demands for bank statements, and delays or blocks without clear reason. Specific processing times are not disclosed by the broker.

FNory offers a maximum leverage of 1:500 for its STANDARD account. Such high leverage significantly increases both potential gains and risk of loss, and is considered very high risk, especially given the broker’s unregulated status.

FNory currently offers a single STANDARD account type. Key features include a minimum deposit of $100, maximum leverage of 1:500, support for scalping and EA trading, no commission mentioned, and a variable spread. There is no Islamic account option. No other account types have been disclosed.

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.