Forever Capital Limited Information
Forever Capital Limited is an unregulated brokerage company registered in Hong Kong. This firm claims to offer a wide selection of investment options with its popular MT5 platform. Forever Capital Limited provides four live trading accounts and multiple customer support options. However, these accounts charge higher fees compared to some other brokers. And limited information about trading fees for indices and cryptocurrencies is available on its website.
Pros and Cons
Is Forever Capital Limited Legit?
Forever Capital Limited operates without regulation from any recognized financial authority.
What Can I Trade on Forever Capital Limited?
Just as a diverse diet reduces health threats, spreading money across different investments helps manage risk. Forever Capital Limited gives you 250+ trading instruments in three asset classes, including forex, cryptocurrencies, and indices. Compared to other online brokerages, This firm doesn't offer as many ways to invest. For example, if you want to trade commodities, stocks, or ETFs, you won't be able to do that here.
With Forever Capital Limited, you can invest in 60+ currency pairs and several popular crypto coins.
Account Types
Forever Capital Limited offers four live trading accounts and a free demo account. These live trading accounts are based on your balance. For example, the minimum deposit of Classic accounts is $100. But the ECN accounts need you to invest at least $1,000. Some online brokerages offer a similar approach.
Generally, the cost might go down as your balance goes higher. However, Forever Capital Limited presents a unique spin. The trading conditions of these four account types are exactly the same.
Forever Capital Limited Fees
Investment fees can dip into your returns, so keeping costs low might be a priority. With Forever Capital Limited, the fees are charged as follows:
Overall, the forex trading cost is more expensive than other brokerages. Furthermore, there is no detailed information for other products on its website.
Trading Platform
MT5 (MetaTrader 5) is available with Forever Capital Limited. You can apply it on multiple devices, including Windows, MAC, Android, and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analyses, the use of algorithmic trading applications, and copy trading.
Deposit and Withdrawal
Forever Capital Limited provides three ways to transfer your money. The minimum deposit or withdrawal amount is $10. All deposit and withdrawal methods are commission-free and their processing time is 24-48 hours.
Deposit Options
Withdrawal Options
Customer Support Options
For any questions you might have, help is available by phone (+971565820108) or email (support@forevercapitalltd.com). You can also dig into their social media channels (Facebook, Twitter, etc) or hit a button on an online message box.
The Bottom Line
The main attractions are the multiple account types and the demo account offer. Its advanced MT5 platform and various customer support choices could be selling points for beginning investors. However, the unregulated status and relatively higher fees are the obvious drawbacks.
FAQs
Is Forever Capital Limited safe?
Forever Capital Limited is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.
Is Forever Capital Limited good for beginners?
No, although Forever Capital Limited provides beginning investors with its user-friendly platform, potential clients should be aware that this firm has no valid regulatory certificates.
Does Forever Capital Limited offer leveraged trading?Yes, Forever Capital Limited provides a leverage option, which is up to 1:100.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
