Score
WeekendFX
The Virgin Islands|2-5 years| https://weekend-fx.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
JapanContact
Licenses
Licensed Institution：Shogun Consultants Limited
License No.：9453
Single Core
1G
40G
1M*ADSL
- 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 Islands
2-5 years Regulated in The Virgin Islands Common Business Registration MT5 Full License Regional Brokers Suspicious Overrun Medium potential risk Offshore RegulatedAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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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 |
| Registered Country | Belize |
| Regulation | FSC (Exceeded) |
| Tradable Assets | Forex, cryptocurrencies, indices, gold & silver |
| Demo Account | ✅ |
| Leverage | 100:1 |
| Spread | Floating |
| Trading Platform | MT4, MT5 |
| Min Deposit | 1,000 USD |
| Customer Support | Contact form |
| Email: customer@weekend-fx.com | |
| YouTube, Twitter, Instagram | |
| Office address: 19 Waterfront Dr, Tortola VG1110, British Virgin Islands | |
| Vailiou Vrionidi 6 office 501-2, Gala Court Chambers 5th floor, 3095 Limassol, Cyprus | |
| Regional Restrictions | United States, Iran, Cuba, Sudan, Syria, and North Korea |
WeekendFX Information
Founded in 2020, WeekendFX is a multi-asset broker registered in Belize, offering trading on forex, cryptocurrencies, indices and gold & silver with leverage up to 1:100 and floating spreads via the MT4 and MT5 platform. Demo accounts are available and the minimum deposit requirement to open a Standard account is as high as 1,000 USD. It claims to be regulated by FSC, but its current status is exceeded.
Pros and Cons
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Is WeekendFX Legit?
Currently, WeekendFX only holds an exceeded FSC license.
| Regulatory Agency | British Virgin Islands Financial Services Commission (FSC) |
| Regulatory Status | Exceeded |
| Regulated by | The Virgin Islands |
| Licensed Institution | Shogun Consultants Limited |
| Licensed Type | Common Business Registration |
| Licensed Number | 9453 |
Besides, the broker claims to offer negative balance protection, segregated accounts, and has contracted with a leading Web Application Firewall (WAF) provider to protect their infrastructure and servers from web threats such as SQL injection and XSS attacks, blocking harmful traffic.
Market Instruments
| Tradable Instruments | Supported |
| Forex | ✔ |
| Gold & silver | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
WeekendFX keeps things simple with two account types: STANDARD and DEMO. Both offer the same leverage ratio of 100:1 and utilize floating spreads. The minimum deposit to open a STANDARD acccount is as high as 1,000 USD. The accepted currencies are USD and JPY.
Leverage
WeekendFX offers the maximum leverage available is 100:1 on forex trading. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
WeekendFX empowers traders with two industry-leading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | / | Beginners |
| MT5 | ✔ | / | Experienced traders |
| cTrader | ❌ | / | / |
| TradingView | ❌ | / | / |
Keywords
- 2-5 years
- Regulated in The Virgin Islands
- Common Business Registration
- MT5 Full License
- Regional Brokers
- Suspicious Overrun
- Medium potential risk
- Offshore Regulated
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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
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
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
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
02-10
Sarguna Raj
Netherlands
Great spreads on major pairs at WeekendFX!，Increase transaction costs
Neutral
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
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