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Global Broker Regulation & Inquiry App

Score

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/10

ForrestFX

United Kingdom|1-2 years|
Suspicious Scope of Business|High potential risk|

https://forrestfx.com/

Website

Rating Index

Contact

support@forrestfx.com
https://forrestfx.com/
6-18 Monument St, London EC3R 8AJ, United Kingdom

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

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

ForrestFX

Abbreviation

ForrestFX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-11-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

ForrestFX · WikiFX Survey

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ForrestFX · Company Summary

ForrestFX Review Summary
Founded2023-02-14
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsCurrencies/Stocks/Indices/Commodities/Crypto
Demo AccountNot mentioned
LeverageUp to 1:400
SpreadNot mentioned
Trading PlatformWeb Trading Platform
Min DepositNot mentioned
Customer SupportNot 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.

ForrestFX Information

Pros and Cons

Pros Cons
Various trading instrumentsUnregulated
Leverage up to 1:400Unspecific fees and account information
Faulty official website

Is ForrestFX Legit?

ForrestFX is not regulated, which makes it less safe than regulated brokers.

Is ForrestFX Legit?
Is ForrestFX Legit?

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
What Can I Trade on ForrestFX?

Leverage

The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.

Leverage

Trading Platform

ForrestFX provides a proprietary web trading platform instead of the authoritative MT4/MT5.

Trading PlatformSupported
Web Trading Platform
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.

Deposit and Withdrawal

News

Beware of  ForrestFX

NewsBeware of ForrestFX

2023-12-26 12:53

UK's Watchdog Financial Conduct Authority (FCA) issued a warning against an unlicensed firm, ForrestFX that is stealing money from innocent individuals.

WikiFX
2023-12-26 12:53
News
Beware of  ForrestFX

Review

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