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Score
Luxembourg
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Score
Regulatory Index0.00
Business Index6.28
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Danger
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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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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.
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.
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.
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