Score

1.47 /10
Danger

ForexCEC

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.70

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

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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ForexCEC · Company summary

General Information & Regulation

ForexCEC is the branding name of DNBC Global Markets Ltd. DNBC Global Markets (www.forexcec.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number GB20026009. ForexCEC LLC is incorporated in St Vincent and the Grenadines, number 618 LLC 2020 by the Registrar of Limited Liability Companies, and registered by the Financial Services Authority, and whose address is First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.

Markets Instruments

ForexCEC offers trading in more than 50 currency pairs, 23 indices from across the globe, as well as more than 19 commodities including energy, agriculture and metals, Spot and Futures CFDs.

Minimum Deposit

ForexCEC offers two trading accounts: MT5 Raw Spread account and MT5 Zero Commission account. The minimum initial deposit required by ForexCEC to start a real trading accounts is $200.

Leverage

The maximum trading leverage offered by ForexCEC is up to 1:100. Although it is not that generous, inexperienced traders are not advised to use that high leverage.

Spreads & Commissions

The MT5 Zero Commission account requires no commissions, with its spread 1.0 pips onwards, and the Raw Spread account charges a commission of 6 USD per lot, since its spread start from 0 pip.

Trading Platform Available

ForexCEC offers the MT5 trading platform. MetaTrader 5 is a multi-asset trading platform that allows you to trade Forex, Stocks, and Futures. It provides enhanced tools for price analysis, algorithmic trading (trading robots, Expert Advisors), and copy trading.

Deposit& Withdrawal

ForexCEC allows its traders to fund their trading accounts through Wire Tranfer, Paypal Account, Visa, MasterCard, American Express, or Crypto.

Customer Support

The ForexCEC customer Support is available 24/5, and traders may either call directly, send an e-mail, or through whatsapp: +65 85810434, Facebook: +65 85810434, Viber: +65 85810434, as well as Hotline: 44 2070 975 108, +85 281 926 811.

Regional Restriction

ForexCEC brand does not provide services to residents of the USA, EU/EEA member states, UK, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus, Hong Kong, Vietnam.

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