FXFIVEFOREX claims to be a regulated firm while presenting neither details about its regulations nor legal documents (risk disclosure, privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

Besides, FXFIVEFOREX shows its company address is in Canada. As forex traders, you should know all forex brokers in Canada should be regulated by the Investment Industry Regulatory Organization of Canada (IIROC). However, we did not find any match results to FXFIVEFOREX in IIROC. That means FXFIVEFOREX is not under valid regulation by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

BrokersView found the domain "https://www.fxfiveforex.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.