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Forex Prince

Saint Vincent and the Grenadines|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.forexprince.com/

Website

Rating Index

Contact

+ 44 203 8088959
support@forexprince.com
https://www.forexprince.com/
https://www.facebook.com/forexprince.fxp

Licenses

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

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

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Warning: Low score, please stay away!
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Forex Prince · WikiFX Survey

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Forex Prince · Company Summary

Note:Forex Prince's official website:https://www.forexprince.com/ is currently inaccessible normally.

Forex Prince Review Summary
Founded2012
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo Regulation
Market InstrumentsCurrency pairs, precious metals, indices, and commodities CFDs
Demo Account
LeverageUp to 1:1000
SpreadAverage 1.6 pips (Premium account)
Trading PlatformMetaTrader 4 (MT4)
Minimum Deposit$10
Customer SupportPhone: + 44 203 8088959
Email: support@forexprince.com

Forex Prince is an unregulated brokerage company based in Saint Vincent and the Grenadines. It claims to offer currency pairs, precious metals, indices, and commodities CFDs via the famous MT4 platform.

Forex Prince Review Summary

Pros and Cons

ProsCons
/Non-functional Website
No regulation
Lack of Transparency
No demo accounts
High leverage

Is Forex Prince Legit?

Is Forex Prince Legit?

At present, Forex Prince lacks valid regulation. Its domain was registered on Oct 29, 2014, and updated on Sep 30, 2023. The domain's current status is “client Transfer Prohibited”. We advise you to look for other regulated brokers.

Is Forex Prince Legit?

What Can I Trade on Forex Prince?

Forex Prince claims to offer a wide range of currency pairs, precious metals, indices, and commodities CFDs. However, due to the inaccessible website, these products may not be tradeable now.

Tradable InstrumentsSupported
Forex
CFDs
Commodities
Indices
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds

Account Type

Forex Prince provides 2 trading account types: Premium and Premium Pro. The premium account offers a sound minimum deposit of only $10, while for the Premium Pro the deposit requirement is up to $2000.

Account TypeMin DepositMin Trade SizeMax LeverageAvg SpreadCommission
Premium$100.011:10001.6 pips
Premium Pro$2 0000.011:1000.3 pips$6

Leverage

The Premium account provides high leverage up to 1:1000 and the Premium Pro only provides leverage of 1:100. However, please note that high leverage is a double-edged sword. It can bring both great profits and big losses.

Spread and Commission

The Premium account is commission-free with spreads from 1.6 pips while the Pro account involves a commission of $6 and spreads from 0.3 pips. Note that the spreads on the EUR/USD amount to 0.1 pips and no commission.

Trading Platform

Forex Prince offers MetaTrader 4 (MT4), which is available as a desktop download and mobile app. MT4 is suitable for beginners. However, we cannot verify this broker's trading platform for its website is inaccessible.

Deposit and Withdrawal

Forex Prince supports payment methods through credit/debit card, wire transfer, and third party payment providers such as FasaPay, Skrill, Neteller, WebMoney, Perfect Money, advcash, PayCo, and Bitcoin.

Broker Information

Company Name

IC GLOBAL LTD

Abbreviation

Forex Prince

Regulatory Status

No Regulation

Platform registered country and region

Saint Vincent and the Grenadines

Phone of the company
  • + 44 203 8088959

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Customer Service Email Address
  • support@forexprince.com

Company Summary

Review

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