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FORE XF

United Kingdom|Within 1 year|
Suspicious Scope of Business|High potential risk|

https://bdsu-fx.com/

Website

Rating Index

Contact

support@forexf.cc
https://bdsu-fx.com/

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

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Contact number

Other ways of contact

Broker Information

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Company Name

FORE XF GLOBAL LIMITED

Abbreviation

FORE XF

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FORE XF · WikiFX Survey

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FORE XF · Company Summary

Broker Name FORE XF
Founded in 2000
Registered in United Kingdom
Regulated by Not regulated
Market Instruments stocks, CFDs, crude oil, precious metals, Bitcoin
Account Types Real Fund Account; Demo account; Comprehensive Account; Finance Account; Financial STP Account
Spreads As low as 0
Trading Platform Web, Android, IOS
Customer Support support@forexf.cc

Overview of FORE XF

FORE XF, established in 2000 and registered in the United Kingdom, offers a variety of trading options including stocks, CFDs, commodities, and cryptocurrency. However, a critical point to consider is their lack of regulatory oversight. This raises potential risks for investors, as there are no established frameworks to ensure fair practices or protect client funds.

Despite the regulatory concern, FORE XF caters to diverse experience levels with demo and real money accounts. Their platform boasts user-friendly web and mobile accessibility, alongside various account types like Comprehensive or Financial STP, suggesting potential specialization for different trading styles. Minimum deposit requirements and commission structures are not readily available. Customer support is limited to email communication. If considering FORE XF, thoroughly research the risks associated with unregulated brokers before investing.

Overview of FORE XF

Regulation

FORE XF's website lacks any indication of regulatory oversight from recognized financial authorities. This is a significant concern, as regulation helps ensure fair practices, protects investors, and promotes market stability. The absence of regulatory oversight raises potential risks for users, as there may be no established frameworks for monitoring or enforcing fair practices.

Regulation

Pros & Cons

FORE XF offers a diverse range of tradable instruments (stocks, CFDs, commodities, cryptocurrency) and potentially flexible spreads. Multiple account types (Comprehensive, Finance, Financial STP) suggest options for different experience levels. However, FORE XF lacks transparency regarding company policies, educational resources, and minimum deposit requirements. Customer support is limited to email, and the most concerning drawback is the lack of regulatory oversight, which exposes traders to potential risks of fraud or unfair practices.

Pros Cons
• Various trading instruments to trade • Operates without regulatory oversight, potentially exposing traders to risks
• Offers multiple account types • Lack of educational resources or transparency regarding company policies and procedures
• Provides flexibility with spreads • Limited customer support options, primarily through email

Market Instruments

FORE XF offers a variety of trading instruments, including stocks, CFDs, crude oil, precious metals, and Bitcoin. This caters to investors interested in various asset classes, potentially including equities, commodities, and cryptocurrency. However, the specific details regarding available products and their trading conditions are not explicitly mentioned in the image.

Market Instruments

Account Types

Demo Account: This free account allows users to practice trading with virtual funds, ideal for familiarizing themselves with the platform and testing strategies without financial risk.

Real Fund Account: This account caters to actual trading with real money.

Account Types

Comprehensive Account: This account type is designed for traders who are looking for a more advanced trading experience. It likely features a wider range of tradable instruments, potentially including those mentioned in the image (stocks, CFDs, commodities, and cryptocurrency).

Finance Account: This account type is also designed for experienced traders, potentially offering similar features to the Comprehensive Account but with a focus on financial instruments like stocks and CFDs.

Financial STP Account: This terminology suggests a focus on straight-through processing (STP) for order execution, potentially appealing to traders who prioritize fast and efficient trade execution. STP aims to route orders directly to liquidity providers without intermediary intervention.

Account Types

How to open an account

  • Choose what you want to trade: The platform highlights the ability to choose from various instruments before account creation.

  • Enter your email address: Input your email address to initiate the demo account signup.

  • Repeat steps 3-9: The image suggests repetitive steps (potentially requesting phone number or email again) which may seem redundant.

How to open an account

Trading Platform

FORE XF's trading platform appears to be web-based and accessible on various devices including desktops, laptops, tablets and mobile phones. It has versions for iPhone & iPad, Android, and a separate web platform. FORE XF highlights these platforms as user-friendly and convenient to trade from anywhere.

Trading Platform

Customer Support

FORE XF's customer support appears limited to email communication, with the provided address being support@forexf.cc. This method allows users to submit inquiries or request assistance, but it lacks the immediacy of live chat or phone support. The quality and responsiveness of their support team cannot be assessed based solely on the email address. It's advisable to consider contacting them directly for specific inquiries or to gauge their response times.

Customer Support

Conclusion

FORE XF offers a variety of tradable instruments (stocks, CFDs, commodities, cryptocurrency) and a user-friendly platform accessible on various devices. While it targets different experience levels with demo and real money accounts, the lack of regulatory oversight presents a significant risk. This absence of safeguards exposes traders to potential fraud or unfair practices. While FORE XF might appeal to experienced investors comfortable with such risks, thorough research is essential before investing.

FAQs

Is FORE XF safe?

FORE XF is not regulated by any recognized financial authority. This lack of oversight increases the risk of fraud or manipulation of trading prices.

What are the minimum deposit requirements for a FORE XF account?

The information regarding minimum deposit requirements is not available on the website.

Does FORE XF offer educational resources for new traders?

There is no mention of educational resources on the FORE XF website.

Risk Warning

Trading online carries inherent risks, including the potential loss of your entire investment. It's essential to recognize that online trading may not be suitable for everyone, and individuals should carefully consider their risk tolerance before participating. Additionally, please be aware that the details provided in this review are subject to change as companies update their services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any trading decisions. Ultimately, the responsibility for utilizing the information in this review lies solely with the reader.

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