Score

1.42 /10
Danger

Forbschain

Luxembourg

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Website

Score

Regulatory Index0.00

Business Index6.28

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

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

Regulatory disclosure

Broker Information

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Company Name

Forbschain

Company Abbreviation

Forbschain

Platform registered country and region

Luxembourg

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Forbschain · Company summary

General Information

Forbschain is a broker based in Luxembourg, engaging in providing clients with a variety of financial products and services.

Market Instruments

Forbschain offers investors a range of financial instruments including forex currency pairs, indices, stocks, commodities and cryptocurrencies.

Accounts & Leverage

There are three kinds of account types for investors to choose from at Forbschain:

  • Silver: minimum deposit of 250$, maximum leverage up to 1:30

  • Gold: minimum deposit of 5000$, maximum leverage up to 1:30

  • Platinum: minimum deposit of 50000$, maximum leverage up to 1:5

Spreads & Commissions

The spreads start from 0.1 pips on the Platinum account, from 1.5 pips on Gold and from 1.3 pips on Silver. No commission is charged.

Trading Platform Available

Forbschain offers a proprietary Web trader, recommended to use on Google Chrome. It has different strategies and analyses, yet the broker says nothing about the number of charts and indicators.

Deposit & Withdrawal

Forbschain accepts electronic payments, credit cards and bank wires as deposit and withdrawal options. A levy of 10% of the withdrawal amount will be charged to any withdrawal from an account that has not executed more than 200 in turnover.

Accepted Countries

US traders are not accepted by Forbschain.

Customer Support

If clients have any questions or concerns, please call 442045772916 or email support@forbeschain.com for consultation.

News

NewsWIKIFX REPORT: Trading platform forbschain.com: BaFin investigates Forbschain

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Forbschain, domiciled in Luxembourg, has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin.

WikiFX
2022-07-28 13:54
WIKIFX REPORT: Trading platform forbschain.com: BaFin investigates Forbschain

NewsWIKIFX REPORT: Urgent Warning against BitMegaChain, ForbsChain, Blokchains, and their scam network!

What a name. A “MegaChain” sounds promising, but consumers should have learned by now that “mega” is a scary term that is usually used to promote the worst companies, products, and services.

WikiFX
2022-07-28 12:21
WIKIFX REPORT: Urgent Warning against BitMegaChain, ForbsChain, Blokchains, and their scam network!

User Reviews

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高山流水32173
more than one year
The Forbschain website is unavailable. I am very confused and disappointed by this as I was a customer of theirs and now cannot log into the website to view my account information. I advise others to think carefully when choosing a foreign exchange company, make sure they have a reliable regulatory license and a good reputation.
The Forbschain website is unavailable. I am very confused and disappointed by this as I was a customer of theirs and now cannot log into the website to view my account information. I advise others to think carefully when choosing a foreign exchange company, make sure they have a reliable regulatory license and a good reputation.
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2023-03-20 10:13
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平安个贷-小王(成都)
more than one year
Still no response regarding getting my funds out. The email address is just bouncing back the emails. The guys constantly corresponded via WhatsApp, but again no response there. Absolute rip-off avoids at all costs.
Still no response regarding getting my funds out. The email address is just bouncing back the emails. The guys constantly corresponded via WhatsApp, but again no response there. Absolute rip-off avoids at all costs.
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2023-03-09 14:54
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