Review summary
MelbourneFX is a forex broker registered in Cyprus with an operational history of 2 to 5 years. The firm offers a tiered account structure, starting from a BASIC account requiring a minimum deposit of $250 and leverage capped at 1:50, up to a PLATINUM account with a $250,000 entry threshold and leverage up to 1:500. All account types support scalping, Expert Advisor (EA) usage, and lock positions, though Islamic account options are not provided. According to WikiFX assessment, the broker holds no valid authoritative forex trading licenses and is classified as an unregulated entity. The overall WikiFX score is 1.32, driven by a low regulatory and license index. The absence of oversight from a recognized financial regulator underscores the need for thorough due diligence. No public exposure reports have been filed against this entity on WikiFX. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-17)
