Score
Hong Kong
|
2-5 years
| https://www.bostforex.com/
Website
Rating Index
Influence
D
Influence index NO.1
Brazil 2.52 Hong Kong
bostforex.com United States
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| Bost ForexReview Summary | |
| Founded | 2021 |
| Registered Country/Region | China (Hong Kong) |
| Regulation | ASIC (Revoked) |
| Market Instruments | Forex, gold, indices, energies |
| Demo Account | ✔ |
| Leverage | Up to 1:1000 |
| Spread | From 0 pips |
| Trading Platform | MT5 |
| Minimum Deposit | $200 |
| Customer Support | Contact form |
| Phone: +66 (2) 0260631 | |
| Email: support@bostforex.com | |
| Registered Address: B10, RM2703, New Trend Centre, 704 Prince Edward Road East, San Po Kong Kln, Hong Kong | |
| Physical Address: 954/1724,The Metropolis Samrong, Level 3, Office 350, Moo 9, Sukhumvit Road, Thepharak, Mueang Samutprakarn, Samutprakarn, 10270, Thailand | |
| Regional restrictions | Do not provide services to Australia, Belgium, Iran, Japan, North Korea and USA |
Bost Forex, founded in 2021, is a brokerage registered in Hong Kong. The trading instruments it provides cover forex, gold, energies, and indices. It provides a Standard Account and a demo account, with a minimum deposit of $200 and leverage up to 1:1000 on MT5 platform. However, its licenses are revoked, and it does not provide services for residents from certain areas.
| Pros | Cons |
| Wide range of trading instruments | Revoked licenses |
| MT5 supported | Regional restriction |
| Demo account offered | High minimum deposit |
| Various contact channels |
Bost Forex has 2 ASIC licenses. But both of them are revoked, which means Bost Forex is unregulated. Traders should be more careful when trading through Bost Forex.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| Australia | The Australian Securities and Investments Commission (ASIC) | Revoked | BOST TECHNOLOGY PTY LIMITED | Appointed Representative (AR) | 001306492 |
| Australia | The Australian Securities and Investments Commission (ASIC) | Revoked | BOST TECHNOLOGY PTY LIMITED | Appointed Representative (AR) | 001304464 |
Bost Forex offers traders the opportunity to trade forex, gold, indices, energy.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Gold | ✔ |
| Indices | ✔ |
| Energies | ✔ |
| Bonds | ❌ |
| Cryptocurrencies | ❌ |
| Futures | ❌ |
| Options | ❌ |
Bost Forex offers 2 different types of accounts to traders, which are Standard Account and Demo Account.
| Account Type | Standard Account | Demo Account |
| Minimum Deposit | $200 | / |
| Maximum Leverage | 1:1000 | 1:1000 |
Bost Forex offers spreads from 0.5 pips. No more information about fees on its official website.
Bost Forex's trading platform is MT5, which supports traders on PC and mobile.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC, Web, Mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
Bost Forex provides access to forex, gold, indices, and energies, which gives me a good range of markets to explore. However, the lack of more diversified asset classes, such as cryptocurrencies or options, might limit some traders who are looking to trade a wider variety of instruments. For me, the available markets are sufficient, especially for forex and commodities trading, but the addition of more diverse assets would make Bost Forex more appealing for traders who want to diversify their portfolio.
Bost Forex offers leverage of up to 1:1000 on forex, which is highly attractive for traders who want to control larger positions with smaller amounts of capital. However, high leverage increases risk, and I always use it with caution. For me, the high leverage available at Bost Forex provides an opportunity for greater returns, but it also requires careful risk management to avoid significant losses, especially when trading volatile assets like gold or energy.
Yes, trading with Bost Forex comes with significant risk due to its unregulated status. Regulation ensures that brokers are subject to audits, transparent reporting, and have measures in place to protect clients' funds. Since Bost Forex’s ASIC licenses were revoked, there is no oversight to guarantee these practices are followed. This increases the potential for fraud, mismanagement, or unscrupulous actions, making it a risky choice for traders looking for a secure platform.
Bost Forex offers two platforms: MT5 and TradeLocker. MT5 is a widely recognized platform, especially for experienced traders, because of its advanced charting tools, automated trading features, and multi-timeframe analysis. I personally prefer MT5 as it gives me greater flexibility and a wider range of tools for forex trading. However, TradeLocker might be more user-friendly for those who are less familiar with complex tools, but I would consider MT5 as my primary platform for its robust capabilities.
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93179
United Kingdom
Very good broker! Bost Forex suits a variety of traders with its MT5 platform offering high leverage and customizable trading tools. For seasoned traders, the platform's fast execution and tight spreads from 0.5 pips provide competitive edges in volatile markets. Beginners can benefit from its user-friendly interface and demo account option.
Positive
Pierre Lug
France
As a true beginner, I want to try this broker, but it does not provide demo account and even basic educational resoucers. So I gave up.
Neutral
momo42191
Portugal
I'm all about efficiency and Bost Forex’s MT5 platform fits perfectly with my style. Creating custom algorithms and automating trades has never been easier.
Positive
FX1524913740
Pakistan
Alright, so here's my take on Bost Forex. I've been using it for some time now and it's a bit of a mixed bag, to be honest. First off, kudos to Bost Forex on their trading platform - it's sleek, intuitive and very user-friendly. They offer a great range of advanced charting features that make trend analysis much simpler. This, coupled with their top-notch trading signals, has given my trades a noticeable boost - my GBP/USD went up by approximately 18%. Placing orders is fairly seamless and swift too, with hardly any noticeable slippage. However, when it comes to spreads, Bost Forex does leave me wanting. They aren't the most competitive in the market, especially when trading major pairs like EUR/USD. Commissions potentially can eat into your profit margin if you're not watchful. Another gripe is their account opening process. The online set-up is definitely a lengthy ordeal with many documents and verifications. Would love it if it could be a bit more streamlined.
Positive
ㅤ84614
Malaysia
In terms of positives, Bost Forex's trading platform has proven to be a sturdy and exciting ride. On a day when the Feds dropped an interest rate shocker, causing the markets to somersault, the platform held firm, delivering real-time updates and executing orders without major slippages. The platform came through as a well-tested and safe ride for the most part. However, there were a few twists and turns on the ride that left me a bit dizzy. The trading signals from Bost Forex felt somewhat like unexpected loop-the-loop moments on the ride. At times, the signals lagged behind, failing to keep up with market trends, causing a few missed opportunities.
Positive