Overall Rating: ★★☆☆☆ (2.1/5.0)

FxSway is an offshore forex and CFD broker that positions itself as a crypto-focused trading platform, offering high leverage, MetaTrader 5 access, and fast deposits via Bitcoin and other cryptocurrencies. Established in 2021, FxSway promotes itself to traders looking for anonymous, high-risk, high-leverage trading. However, it is completely unregulated, has limited transparency, and poses significant risks for client fund safety. This FxSway review breaks down its features, pricing, platform access, and core concerns.

Key Features

FxSway focuses on crypto-funded trading, MT5 access, and flexible leverage conditions.

• Trading Platform:
  • MetaTrader 5 (MT5) – available on desktop, mobile, and web
• Asset Classes:
  • Forex, indices, commodities, shares, and cryptocurrency CFDs
• Account Types:
  • Standard, Pro, and Islamic accounts
• Leverage:
  • Up to 1:500
• Deposits and Withdrawals:
  • Crypto-only: BTC, ETH, USDT

Regulation and Security

FxSway is not regulated by any recognised financial authority.

• No regulatory licence from FCA, ASIC, CySEC, or FSCA
• Operates from an undisclosed offshore location
• No oversight, no fund segregation, no compensation fund
• Anonymous account setup with no mandatory KYC
• Entirely reliant on user trust

Pricing and Costs

FxSway advertises low trading costs, but lacks transparent disclosure.

• Spreads:
  • From 0.7 pips on majors for Pro accounts
  • Standard accounts start from around 1.5 pips
• Commissions:
  • Pro account: $7 per round-turn lot
  • Standard: Commission-free
• Minimum Deposit:
  • From $10, crypto equivalent
• Withdrawal Fees:
  • No internal fees, but network fees apply
• Inactivity Fee:
  • Not disclosed

Educational Resources and Customer Support

FxSway offers minimal support and basic education.

• Education:
  • A small selection of beginner articles
  • No webinars, courses, or video training
• Market Analysis:
  • Absent – no daily news, forecasts, or technical research
• Customer Support:
  • Live chat and email only, available 24/5
  • Mixed reviews regarding response times

Risk Management Tools

FxSway provides basic risk tools via MT5, but lacks more robust protection.

• Standard MT5 risk controls:
  • Stop-loss, take-profit, margin level alerts
• No guaranteed stop-loss orders or negative balance protection
• High leverage increases risk exposure, especially in crypto markets

Pros and Cons

Pros

• Supports crypto deposits and withdrawals
• MT5 trading platform access
• Low minimum deposit ($10)
• High leverage up to 1:500

Cons

• Unregulated offshore broker
• No legal protection or compensation scheme
• No fiat deposits or withdrawals
• Limited educational tools and no research
• Transparency issues and user complaints reported

Conclusion: Is FxSway the Right Choice?

FxSway is a high-risk, offshore broker with no regulation or investor protection. While it may appeal to traders seeking crypto-only funding and high leverage on MT5, the absence of oversight, lack of transparency, and potential withdrawal issues make it unsuitable for most traders.

For secure trading, consider regulated brokers such as Vantage, Pepperstone, or IC Markets, all of which offer crypto CFD trading, MT5, and trusted licensing.