ForrestFX

ForrestFX | 2024-11-06 18:05

Abstract：ForrestFX is a broker. The tradable instruments with a maximum leverage of 1:400, include currencies, stocks, indices, commodities, and crypto. Because the ForrestFX official website is out of order and inoperable, traders cannot obtain more comprehensive fee and account information, and security is relatively low. In addition, ForrestFX is risky due to its unregulated status and high leverage.

ForrestFX Review Summary
Founded	2023-02-14
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Currencies/Stocks/Indices/Commodities/Crypto
Demo Account	Not mentioned
Leverage	Up to 1:400
Spread	Not mentioned
Trading Platform	Web Trading Platform
Min Deposit	Not mentioned
Customer Support	Not mentioned

ForrestFX Information

ForrestFX is a broker. The tradable instruments with a maximum leverage of 1:400, include currencies, stocks, indices, commodities, and crypto. Because the ForrestFX official website is out of order and inoperable, traders cannot obtain more comprehensive fee and account information, and security is relatively low. In addition, ForrestFX is risky due to its unregulated status and high leverage.

Pros and Cons

Pros	Cons
Various trading instruments	Unregulated
Leverage up to 1:400	Unspecific fees and account information
	Faulty official website

Is ForrestFX Legit?

ForrestFX is not regulated, which makes it less safe than regulated brokers.

What Can I Trade on ForrestFX?

Traders can choose different investment directions because the broker provides currencies, stocks, indices, commodities, and crypto trading. Commodities are composed of crude oil, natural, and precious metals.

Tradable Instruments	Supported
Currencies	✔
Stocks	✔
Indices	✔
Commodities	✔
Crypto	✔

Leverage

The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.

Trading Platform

ForrestFX provides a proprietary web trading platform instead of the authoritative MT4/MT5.

Trading Platform	Supported
Web Trading Platform	✔

Deposit and Withdrawal

ForrestFX provides multiple deposit and withdrawal methods, including VISA, MasterCard, bank transfer, etc. However, transfer processing times and associated fees are unknown.

Broker Dealer

Related broker

No Regulation

ForrestFX

Company name：ForrestFX

Score

1.25

Website：https://forrestfx.com/

1-2 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.25

WikiFX Review: Something You Need to Know About Markets4you

Markets4you, is a global forex broker launched in 2007. It was established in the British Virgin Islands. This broker offers its global traders various market instruments.

Original 2024-12-23 17:49

MultiBank Group Wins Big at Traders Fair Hong Kong 2024

Discover how MultiBank Group, a global leader in financial derivatives, secured three prestigious awards at Traders Fair Hong Kong 2024, highlighting its innovative trading solutions and industry excellence.

Original 2024-12-20 15:19

Doo Financial Expands Reach with Indonesian Regulatory Licenses

PT. Doo Financial Futures, a subsidiary of the global financial services brand Doo Group, has secured regulatory approval from Indonesia’s Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI).

Original 2024-12-19 17:59

Webull Canada Expands Options Trading to TFSAs and RRSPs

Webull Canada launches options trading for TFSAs and RRSPs, offering Canadian investors tax-free growth and retirement savings optimization opportunities.

Original 2024-12-19 11:49