- Fill Out the Registration Form: Provide your full name, email, and phone number.
- Verify Contact Information: Confirm your email and phone number through verification links or codes sent to you.
- Submit Required Documents: Upload identification documents for verification.
- Start Trading: Once verified, fund your account and start trading using the MetaTrader 5 platform.
Spreads & Commissions
Forbex offers competitive spreads and zero commissions across both their account types. The Standard Account features spreads starting from 1.0 pips with no commission per lot, making it suitable for traders who prefer straightforward, low-cost trading. The Gold Account offers even tighter spreads starting from 0.0 pips, also with no commission per lot. This structure allows traders to manage costs effectively while maximizing their trading opportunities.
Trading Platform
Forbex offers MetaTrader 5 (MT5). MT5 builds upon the success of its predecessor, MetaTrader 4, by providing advanced charting tools, support for automated trading through Expert Advisors, and the ability to trade multiple asset classes including forex, stocks, commodities, indices, and cryptocurrencies. It features detailed market depth, advanced order management options, and an integrated economic calendar for real-time market updates. MT5 is accessible via desktop, mobile, and web platforms, ensuring traders can manage their investments conveniently and effectively across different devices.
Customer Support
Forbex provides comprehensive customer support with a dedicated team accessible around the clock. The support team is available 24/7 via multiple contact channels.
- Contact Channels: Reachable via live chat, email (info@forbexfx.com), and phone (+096 302 443 7488).
- Physical Address: Office located at 67VC+M4G, Al – Riyadh St, Dubai.
- Online Contact Form: Simple form requiring full name, account type, phone number, and email for efficient communication.
Educational Resources
Forbex offers a comprehensive educational section called the Forbex Academy, providing traders with valuable resources to enhance their trading skills. Key topics include mastering stop loss strategies for indices, momentum trading tips, and trading chart patterns. Additionally, there are guides on price action trading, trading during market downturns, and the advantages of CFD trading. These resources are designed to help both beginners and experienced traders improve their knowledge and trading performance.
Conclusion
Forbex offers a diverse range of trading instruments, including Forex, commodities, indices, and cryptocurrencies, via the MetaTrader 5 platform with competitive spreads and zero commissions. It ensures cost-efficient trading, 24/7 customer support, and educational resources through the Forbex Academy.
However, it lacks valid regulatory oversight and has limited experience in the industry.
FAQs
What trading platforms does Forbex offer？
Forbex provides MetaTrader 5 (MT5).
What account types are available at Forbex？
Forbex offers Standard and Gold accounts.
What market instruments can I trade with Forbex？
Trade forex pairs, commodities, indices, and cryptocurrencies with Forbex.
Does Forbex charge commissions on trades？
No, Forbex does not charge commissions for Standard and Gold accounts.
What educational resources does Forbex provide？
Forbex Academy offers guides on stop loss strategies, momentum trading, chart patterns, and more.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
