Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
Praxis
Cayman Islands
|
5-10 years
|
Suspicious Regulatory License
|
MT5 Full License
|
Regional Brokers
|
High potential risk
https://praxisdigitaltrading.com/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
Praxis-Live
5
Influence
D
Influence index NO.1
Ghana 2.71MT4/5 Identification
MT4/5 Identification
Full License
5
Server Name
Praxis-Live MT5
Server Location
Influence
Influence
D
Influence index NO.1
Ghana 2.71Surpassed 22.80% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+1 800-561-3599
sales@praxisdigitaltrading.com
https://praxisdigitaltrading.com/
Level 43, AIA Tower, 183, Electric Road, North Point, Hong Kong
Licenses
No valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
2025-10-30
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
Registered Region Cayman Islands
Cayman IslandsOperating Period
5-10 years
Company Name
Praxis Digital Trading Group
Customer Service Email Address
sales@praxisdigitaltrading.com
Contact Number
+18005613599
Company Website
Related Software
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Wiki Q&A
Comment
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
176.00
Average execution speed/ms
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
Meta Trader 5
Perfect
Users who viewed Praxis also viewed..
Plus500
9.28
Score
Listed 15-20 yearsRegulated in AustraliaMarket Maker (MM)Self-developed
Plus500
Score
9.28
Listed 15-20 yearsRegulated in AustraliaMarket Maker (MM)Self-developed
Official website
Vantage
8.76
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Vantage
Score
8.76
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
PU Prime
8.44
Score
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
PU Prime
Score
8.44
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
FXCM
9.34
Score
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
FXCM
Score
9.34
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
Website
praxisdigitaltrading.com
72.167.191.69
Server Location
United StatesICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))
Active
United States
Registration No. 1352504
Established 2020-01-17
Related sources Website Announcement
Employees
Registered Agents Inc
Agent
Address
--
PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))
LARRY MCGONEGAL
Agent
Address
--
PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))
MICHAEL BRESCIA
Officer
Start date
--
Status
Employed
PRAXIS DIGITAL TRADING GROUP, LLC(Connecticut (United States))
Company Summary
| Praxis Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Cayman Islands |
| Regulation | No regulation |
| Market Instruments | Forex, indices, commodities, stocks, CFDs |
| Demo Account | ❌ |
| Leverage | / |
| Spread | From 0.2 pips (forex) |
| Trading Platform | / |
| Min Deposit | / |
| Customer Support | Contact form |
| Tel: +1-800-561-3599 | |
| Email: sales@praxisdigitaltrading.com | |
| Address: Level 43, AIA Tower, 183, Electric Road, North Point, Hong Kong | |
| Registered Address: CO Services Cayman Limited, PO Box 10008, Willow House, Cricket Square, Grand Cayman, KY1-1001, Cayman Islands | |
Praxis Information
Founded in 2019, Praxis is an unregulated broker registered in Cayman Islands, offering trading in forex, indices, commodities, stocks, and CFDs. However, demo accounts are not available and the minimum deposit requirement is unclear.
Pros and Cons
| Pros | Cons |
| Various trading products | No regulation |
| No demo accounts | |
| Lack of transparency |
Is Praxis Legit?
No. Praxis currently has no valid regulations. Please be aware of the risk!
What Can I Trade on Praxis?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| CFDs | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Spread
| Asset Class | Spread |
| Forex | From 0.2 pips |
| Metals | From 15 cents on gold |
| Indices | From 1 point on major indices |
| Commodities | From 1 point on major symbols |
Keywords
- 5-10 years
- Suspicious Regulatory License
- MT5 Full License
- Regional Brokers
- High potential risk
Wiki Q&A
Sergey5 
1-2 years
Can I open a demo account with Praxis?
Unfortunately, Praxis doesn’t offer a demo account, which is a huge downside for me. As a trader, I find demo accounts essential for practicing and understanding the platform before committing real money. This lack of a demo account would make me hesitant to use Praxis.
Broker Issues
Platform
Account
Instruments
Leverage
05-10
United States
mohdfazlan
1-2 years
What assets can I trade on Praxis?
Praxis offers a variety of trading instruments, including forex, indices, commodities, stocks, and CFDs. However, they don’t offer cryptocurrencies, bonds, options, or ETFs, which limits the options I would have as a trader. I personally prefer brokers with a wider range of tradable assets.
Broker Issues
Platform
Instruments
Account
Leverage
04-12
United States
Allan777
1-2 years
Can I trust Praxis for trading?
Honestly, I wouldn't trust Praxis for trading. Since it's unregulated, there's no legal framework to protect me as a trader. The lack of investor protection makes it much riskier, so I would advise caution if you're considering this platform.
Broker Issues
Regulation
03-06
United States
Eziol
1-2 years
Is Praxis a regulated broker?
No, Praxis is unregulated. It is registered in the Cayman Islands, but it doesn't have any oversight from a financial regulatory body. As a trader, this is a red flag for me because without regulation, there's no guarantee that the platform is adhering to fair trading practices, which increases the risks significantly.
Broker Issues
Regulation
02-26
United States
View More
Write a review
Exposure
Neutral
Positive
Content you want to comment
Please enter...
Submit now
Write a comment
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now