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Company Name
ForrestFX
Company Abbreviation
ForrestFX
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
| 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.
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