Score
United Kingdom
|
2-5 years
| https://forrestfx.com/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
United Kingdom
forrestfx.com Cyprus| ForrestFX Review Summary | |
| Founded | 2023-02-14 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Currencies/Stocks/Indices/Commodities/Crypto |
| Demo Account | Not mentioned |
| Leverage | Up to 1:400 |
| Spread | Not mentioned |
| Trading Platform | Web Trading Platform |
| Min Deposit | Not mentioned |
| Customer Support | Not mentioned |
ForrestFX is a broker. The tradable instruments with a maximum leverage of 1:400, include currencies, stocks, indices, commodities, and crypto. Because the ForrestFX official website is out of order and inoperable, traders cannot obtain more comprehensive fee and account information, and security is relatively low. In addition, ForrestFX is risky due to its unregulated status and high leverage.
| Pros | Cons |
| Various trading instruments | Unregulated |
| Leverage up to 1:400 | Unspecific fees and account information |
| Faulty official website |
ForrestFX is not regulated, which makes it less safe than regulated brokers.
Traders can choose different investment directions because the broker provides currencies, stocks, indices, commodities, and crypto trading. Commodities are composed of crude oil, natural, and precious metals.
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.
ForrestFX provides a proprietary web trading platform instead of the authoritative MT4/MT5.
| Trading Platform | Supported |
| Web Trading Platform | ✔ |
ForrestFX provides multiple deposit and withdrawal methods, including VISA, MasterCard, bank transfer, etc. However, transfer processing times and associated fees are unknown.
UK's Watchdog Financial Conduct Authority (FCA) issued a warning against an unlicensed firm, ForrestFX that is stealing money from innocent individuals.
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