Score
ForrestFX
United Kingdom|1-2 years| https://forrestfx.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
forrestfx.com
Server Location
Cyprus
Website Domain Name
forrestfx.com
Server IP
185.106.103.56
Company Summary
| 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 Information
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 and Cons
| Pros | Cons |
| Various trading instruments | Unregulated |
| Leverage up to 1:400 | Unspecific fees and account information |
| Faulty official website |
Is ForrestFX Legit?
ForrestFX is not regulated, which makes it less safe than regulated brokers.
What Can I Trade on ForrestFX?
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 | ✔ |
Leverage
The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.
Trading Platform
ForrestFX provides a proprietary web trading platform instead of the authoritative MT4/MT5.
| Trading Platform | Supported |
| Web Trading Platform | ✔ |
Deposit and Withdrawal
ForrestFX provides multiple deposit and withdrawal methods, including VISA, MasterCard, bank transfer, etc. However, transfer processing times and associated fees are unknown.
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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