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Forex Varsity -

Score

1.47 /10
Danger

Forex Varsity

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://forexvarsity.net

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Score

Regulatory Index0.00

Business Index6.73

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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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!

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Forex Varsity · Company summary

Note: Forex Varsity's official website - https://forexvarsity.net/ is currently inaccessible normally.

Forex Varsity Review Summary
Founded2018
Registered Country/RegionUnited States
RegulationNo regulation
Market InstrumentsForex, indices, precious metals, energies and CFDs
Demo Account/
LeverageUp to 1:1000
Spread/
Trading PlatformMT4
Min Deposit$200
Customer SupportTel: +1 (315) 916-6432 (Mon - Fri, 8:00-17:00)
Email: support@forexvarsity.net
Social media: Facebook, Twitter, YouTube, Instagram
Address: Head Office – Cape Town Seaboard House, Cnr of Blaauwberg Road & Millin Rd, Table View 7441

Forex Varsity was founded in 2018 in the United States, focusing on the forex, indices, precious metals, energies, and CFDs markets. It uses MT4 as its trading platform, with a minimum deposit of $200 and a maximum leverage of 1:1000. However, it is not regulated, and potential risks are relatively high.

Pros and Cons

Pros Cons
Diverse tradable assetsInaccessible website
MT4 supportedLack of regulation
Popular payment optionsUnclear fee structure
High minimum deposit

Is Forex Varsity Legit?

No, it is not regulated by the financial services regulatory authority in the United States, which means that the company lacks regulation from its registration site. Please note the potential risks!

No license

What Can I Trade on Forex Varsity?

Forex Varsity provides several types of products, including forex, indices, precious metals, energies and CFDs.

Tradable Instruments Supported
Forex✔
CFDs✔
Precious Metals✔
Energies✔
Indices✔
Stocks❌
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌

Leverage

The leverage can be up to 1:1000, which is relatively high. Customers need to consider carefully before investing, because high leverage is likely to bring high potential risks.

Trading Platform

Forex Varsity uses MT4 as its trading platform, which is a recommended platform for beginners.

Trading PlatformSupported Available Devices Suitable for
MT4✔PC, web, mobileBeginners
MT5❌/Experienced traders

Deposit and Withdrawal

Forex Varsity supports a number of payment options, including bank transfer, Neteller, Skrill, Perfect Money, and Bitcoin. However, other details such as the processing time and fees are not clear.

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FX1340890535
more than one year
Generally good, but a couple of really bad days were potentially catastrophic. Spreads even reached up to 100 pips for the gold trading, and I cannot log into my trading account due to the bad server. Although not much, but I was disappointed sometimes.
Generally good, but a couple of really bad days were potentially catastrophic. Spreads even reached up to 100 pips for the gold trading, and I cannot log into my trading account due to the bad server. Although not much, but I was disappointed sometimes.
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2023-03-13 12:23
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