KorboFx

Note: KorboFx's official website - https://korbofx.com is currently inaccessible normally.

KorboFx is an Indian brokerage firm that offers a wide array of market instruments, including Forex, Indices, Commodities, Equities, and Futures. The brokerage offers multiple account types such as Starter, Expert, Pro, Prime, and AED Pro, all without any commission fees. However, the lack of regulation at the company raises concerns regarding the safety of funds.

Pros and Cons

Is KorboFx Legit?

No, KorboFx is not a legal broker. It lacks proper regulation according to available information.

What Can I Trade on KorboFx?

KorboFx offers a range of market instruments, including Forex, Indices, Commodities, Equities, and Futures.

Forex: EUR/USD, GBP/USD, USD/JPY...

Indices: S&P 500, FTSE 100, Nikkei 225...

Commodities: precious metals like Gold and Silver, energy resources like Oil, and other commodities.

Equities: Apple, Microsoft, Amazon, Coca-Cola...

Futures: Futures contracts exist for various assets like commodities, currencies, and indices.

Account Type

KorboFx offers several account types: Starter, Expert, Pro, Prime, and AED Pro. However, it doesn't mention the minimum deposit for each account. In addition to these account types, KorboFx also provides a demo account, allowing you to practice your strategies and familiarize yourself with the platform without risking real money.

Trading Platform

There are three trading platforms available on KorboFx: MetaTrader 4, MetaTrader 5, and CQG. MetaTrader 4 and MetaTrader 5 are compatible with Expert Advisors (EA) and offer technical indicators. In addition, these two platforms are available on multiple devices, including mobile, tablet, PC, and web. While CQG provides market data and Independent Software Vendor (ISV) services.

These platforms make KorboFx appear reliable, however, you should always keep in mind that KorboFx lacks legal regulation.

Deposit and Withdrawal

KorboFx offers two main payment methods: bank transfer and USDT deposit. They offer a QR code for USDT deposit. However, you should avoid depositing even a small amount of money on an unregulated broker.