WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com

您当前语言与浏览器默认语言不一致，是否切换？

切换

Global Broker Regulation & Inquiry App

Broker Search

English

简体中文繁體中文 English Pусский 日本語 ภาษาไทย Tiếng Việt Bahasa Indonesia Español हिन्दी Filippiiniläinen Français Deutsch Português Türkçe 한국어 العربية

Download

Home -

Broker -

Forbex -

No Regulation

Score

0123456789

/10

Forbex

Item: Forbex
Rating: 1.16

United Arab Emirates|1-2 years|

Suspicious Scope of Business|High potential risk|

https://forbexfx.com/

Website

Open Account Time Machine

Rating Index

Contact

info@forbexfx.com

https://forbexfx.com/

67VC+M4G / Al – Riyadh St / Dubai

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Check whenever you want

Download App for complete information

Download on the

WikiFX (Global)

Download on the

WikiFX (China)

Download Apk

WikiFX Mini（20M）

Download Apk

WikiFX Pro（80M）

Warning: Low score, please stay away!

Previous Detection : 2024-12-12

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

Forbex · WikiFX Survey

Users who viewed Forbex also viewed..

XM

9.05

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

AUS GLOBAL

8.23

Score

10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License

Details

Official website

CPT Markets

8.60

Score

10-15 yearsRegulated in United KingdomMarket Making(MM)MT4 Full License

Details

Official website

FBS

8.77

Score

5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

Forbex · Company Summary

Forbex Review Summary
Founded	2023
Registered Country/Region	United Arab Emirates
Regulation	No Regulation
Market Instruments	30+ CRYPTO PAIRS, 50+ STOCKS, 70+ CURRENCY PAIRS, COMMODITIES, 15+ INDICES
Demo Account	✅
Leverage	/
Spread	From 1.0 pips (Standard account)
Trading Platform	MetaTrader 5 (MT5)
Min Deposit	/
Customer Support	Service time: 24/7
	Contact form
	Phone: (+096) 302 443 7488
	Email: info@forbexfx.com
	Address: 67VC+M4G / Al – Riyadh St / Dubai

Forbex is an unregulated broker based in the United Arab Emirates. It provides trading on more than 30 CRYPTO PAIRS, 50 STOCKS, 70 CURRENCY PAIRS, COMMODITIES, and 15 INDICES. Moreover, the platform uses the inndustry-leading MetaTrader 5 (MT5) trading system.

Pros and Cons

Pros	Cons
Demo accounts available	No regulation
A wide range of trading products	Lack of specific info on leverage and minimum deposit
MT5 platform
24/7 support

Is Forbex Legit?

At present, Forbex lacks valid regulation. Its domain was registered on July 24, 2023, and the current status is “client Transfer Prohibited”. Please pay high attention to the safety of your funds if you decide to choose this broker. Our suggestion is looking for a regulated one.

What Can I Trade on Forbex?

On Forbex, you can trade with more than 30 CRYPTO PAIRS, 50 STOCKS, 70 CURRENCY PAIRS, COMMODITIES, and 15 INDICES.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Forbex offers two main account types: Standard and Gold.It also provides demo accounts option.

Spread and Commission

The Standard Account offers spreads starting from 1.0 pips with no commission per lot. The Gold Account offers spreads starting from 0.0 pips, also with no commission per lot.

Account Type	Standard	Gold
Spread	From 1.0 pips	From 0.0 pips
Commission	❌	❌

Trading Platform

Forbex offers MetaTrader 5 (MT5) platform for trading. The MT5 is on its way to becoming one of the most extensively utilized platforms within the industry. It integrates all the crucial features that the MT4 has been renowned for over the years. Additionally, it comes with some extra features and an optimized environment for EA trading.