Brokers  /  MT5EXPO

MT5EXPO

High risk
🇸🇨 Seychelles · 2-5 years · since 2022-01-14 · TopFX Ltd
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Independent ratingshow third parties score this broker
WikiFX1.49/10
Trustpilot/5
Forex Peace Army/5
52
High risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Registered in Seychelles (offshore, light oversight)
  • Withdrawal complaints in ~200% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints2412%
Offshore registration808%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameTopFX Ltd
Headquarters🇸🇨 Seychelles
Founded2022-01-14
Years operating2-5 years
Employees0
Official websitemt5expo.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
CT House, Unit 8, Office no.8H, Providence, Mahe, Seychelles

Regulation & licenses · 2

RegulatorLicense typeLicense No.RegionStatus
CYSECMarket Making (MM)138/11Cyprus
FSADerivatives Trading License (EP)SD037Seychelles

Review analysis AI

Across 1 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (2 reports) — the classic warning sign in forex.

0
Period:
What users complain about
Where reviewers are from
Hong Kong1

Real user reviews

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About MT5EXPO

MT5EXPO is a forex and CFD broker based in Seychelles, with records dating to 2022-01-14. It reports oversight from CYSEC, FSA.

FXCanary’s verdict is “Elevated.” There are enough red flags that we’d urge caution before depositing.

Overview compiled by FXCanary from regulatory records and public data. full MT5EXPO review