Covenance forex broker Review

Back to Dashboard

var

Clients

var

Assets

100 USD

Min Deposit

var

Avg Spread

Covenance

4.4/10

Since 2026

Comoros

Visit

Contact Info

support@covenanceglobal.com

Environment

High Risk

WeConnectFX Trade Rating Guide

At WeConnectFX, we are committed to transparency. Below is an overview of our proprietary trade rating system, which assesses brokers based on platform reliability, user trust, financial transparency, and operational history to ensure your peace of mind.

Rating	Label	Meaning
AAA	Elite	Exceptional transparency and trust with long-term consistency.
AA	Excellent	Highly reliable with minor improvement areas.
A	Strong	Performs well overall but may lack deep market credibility.
B	Average	Meets basic expectations, moderate user concerns.
C	Weak	Lacks consistent performance or transparency.
D	High Risk	Significant red flags or repeated user complaints.

Our WeConnectFX rating model uses broker performance signals, licensing history, global presence, and client feedback. It's designed to assist our users in evaluating the safety and service quality of trading platforms effectively.

Social Media

https://www.facebook.com/covenancelimited

https://x.com/Covenanceglobal

https://www.youtube.com/@covenancelimited

Covenance

Licenses

1 licenses

WeConnectFX

NO:100853

MISA

Regulatory Status

Authorised

Regulatory Jurisdiction

Comoros

Licensed Entity

Brands

Phone

License No

BFX2025087

Effective Date:

20 Jul 2025

Attached Documents:

Sharing Status:

Exclusive

Country Availability

2 locations

Country

Rating

Authorization

Status

Comoros

4.4/10

Authorized

active

Thailand

4.4/10

Authorized

active

Payment Methods

About Covenance

Company Overview & Analysis

No detailed analysis available for this broker.

Headquarters

Comoros

Registration 0

Business Model N/A

Risk Assessment

Status

Risk Overrun No

High Risk No

Client Feedback

Total Reviews 4

Performance

Influence Score N/A

Contribution N/A

Account Types

Choose the best fit for your trading style

High Leverage

Overall Rating

4.4

Average

Accounts Variant

Account Specification

Min Deposit

Leverage

Min Position

Stop Out

EA Support

Hedging

Scalping

Protection

Islamic

Trading Conditions

Commission

Platforms

Instruments

Reviews

Please sign in or register to share your experience

Anonymous User

6 hours ago

Covenance’s spreads are much wider than advertised. Trading costs were higher than expected, withdrawals were complicated, and support was indifferent. Overall, a poor experience.

Anonymous User

6 hours ago

Covenance’s spreads are much wider than advertised. Trading costs were higher than expected, withdrawals were complicated, and support was indifferent. Overall, a poor experience.

Anonymous User

6 hours ago

This is the most transparent broker I’ve ever seen in my life. The broker is very secure and uses Fireblocks for transactions.

Anonymous User

6 hours ago

The Best Broker forex

Covenance

Covenance

Covenance

Rating breakdown

Regulatory Protection

Financial Safety

Trader Experience

Trading Conditions

Business Transparency

Contact Info

WeConnectFX Trade Rating Guide

Licenses

MISA

Country Availability

Payment Methods

About Covenance

Company Overview & Analysis

Account Types

Choose the best fit for your trading style

Account Specification

Trading Conditions

Reviews