Score
WeekendFX
The Virgin Islands|2-5 years| https://weekend-fx.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Shogun Consultants Limited
License No.：9453
- This broker exceeds the business scope regulated by The Virgin Islands FSC(license number: 9453)Business Registration Non-Forex License. Please be aware of the risk!
Basic Information
The Virgin IslandsAccount Information
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Website
weekend-fx.com
Server Location
United States
Website Domain Name
weekend-fx.com
Server IP
50.87.175.149
Company Summary
| WeekendFX Review Summary | |
| Founded | 2020-08-02 |
| Registered Country/Region | The Virgin Islands |
| Regulation | General Registration |
| Market Instruments | FX/Cryptocurrency/Stock indices/Precious metals |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0 pips |
| Trading Platform | MT5(Windows/iOS/Android) |
| Min Deposit | Gas Fee & Stablecoins: $10 or moreEthereum Chain (ERC20): $30 or more |
| Customer Support | Email: info@weekend-fx.com |
| YouTube/Twitter/Instagram | |
WeekendFX Information
WeekendFX is a brokerage company specializing in FX, cryptocurrency, stock indices, and precious metals markets. It provides investment services 24 hours a day, 365 days a year on cryptocurrency trading. The broker also provides standard and demo accounts with a maximum leverage of 1:500. However, unregulated status raises concerns among investors. Some traders have encountered difficulties in withdrawing funds from this platform and suspect that it is related to a Ponzi scheme.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | General Registration |
| 24/7 customer support | No Islamic accounts |
| MT5 available | Negative reviews(Unable to Withdraw) |
| Demo account available | |
| Spread as low as 0 pips |
Is WeekendFX Legit?
WeekendFX is Generally registered in the British Virgin Islands Financial Services Commission(FSC) under license No.9453 and License Type Common Business Registration. Its unregulated status makes its financial activities risky.
What Can I Trade on WeekendFX?
WeekendFX offers 4 major markets, such as FX, cryptocurrency, stock indices, and precious metals.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stock Indices | ✔ |
| Cryptocurrency | ✔ |
| Precious Metals | ✔ |
| Commodities | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
WeekendFX has two account types: standard and demo accounts. The demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Everyone can also earn money by copying the success of top traders.
| Account Type | Standard | Demo |
| Leverage | 1:500 | 1:500 |
| Minimum Deposit | $100 | - |
WeekendFX Fees
Spread-only accounts have no additional fees while fee-bearing accounts have spreads starting at zero pips depending on the account type clients choose.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
WeekendFX cooperates with the authoritative MT5 trading platform, which is available in Windows, iOS, and Android. Traders with rich experience are more suitable for using MT5. Both MT4 and MT5 provide various trading strategies and implement EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows/iOS/Android | Experienced traders |
Deposit and Withdrawal
WeekendFX accepts Bank transfers and Wire transfers for deposits and withdrawals. Transfer processing times are within 24 hours and associated fees are none.
Bonus
Deposit with crypto and get a 10% bonus! If you pay by bank transfer, get a 5% discount.
Keywords
- 2-5 years
- Regulated in The Virgin Islands
- Common Business Registration
- Suspicious Scope of Business
- Suspicious Overrun
- Medium potential risk
- Offshore Regulated
Review 7
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FX2303903161
Japan
I opened an account for 〇〇 trading and conducted copy trading. However, there were suspicious parts in the transaction history, so I tried to withdraw and cancel my membership. However, I couldn't transfer funds from my account to my wallet, and even when I requested support, I couldn't get proper assistance. After the fund transfer was completed, I couldn't make a withdrawal request. In the end, I had to create two support tickets for a single fund transfer, and it took time to receive a response. I also had to create two tickets for the withdrawal process. It took more than 10 days to complete the withdrawal. 😥 Furthermore, when I look at the transaction history, there are some entries without round numbers or decimal places, which raises doubts about whether the orders were actually placed.
Exposure
2024-08-24
CSM
Japan
As you can see from the image, it is clearly a copy site. Recently, there has been an increase in the number of copy trading requests on WeekendFX, but please be careful as there is a high possibility that the contents are from Forexland, which is notorious for Ponzi.
Exposure
2024-03-14
わる
Japan
When I checked on the official website of NFA, I have withdrawn my membership (attached) in MSB. MSB Registration Number/DCN must be 14 digits number. So, the number M22538696 on the weekendFX website does not have enough digits. This is probably from FINTRAC, and they are using it to make you believe (attached). I was almost fooled by a person called the Technical Goddess.
Exposure
2024-02-20
CSM
Japan
WeekendFX (SHOGUNCONSULTANTS LTD) license says on their official website that they have MSB and NFA, but they actually do not have them! A search on the official websites of each agency shows that the MSB was not obtained in the first place and the NFA was withdrawn on February 3, 2023! https://www.nfa.futures.org/BasicNet/basic-firm-exemptions.aspx?nfaid=IN1gNF1tnRo%3D
Exposure
2024-02-10
Sarguna Raj
Netherlands
Great spreads on major pairs at WeekendFX!，Increase transaction costs
Neutral
2024-07-22
奈何轮回
Hong Kong
I've been using WeekendFX for a couple of weeks now, and honestly, it's been quite refreshing. The weekend trading option is a lifesaver since it fits with my hectic weekdays. Using MT5 on my mobile while on the move has been seamless and efficient. What really stood out to me was their customer service; they were incredibly patient and helpful when I had issues setting up my account. It feels good not to worry about missing out on market movements over the weekend anymore!
Positive
2024-06-18
John47971
Colombia
What a wonderful experience, so pleased with their customer support service. I was poor but ever since I got to be introduced to this company, my life has changed. Thank you very much!
Positive
2023-03-07