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FOREXBANK -

Score

1.58 /10
Danger

FOREXBANK

United States

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.forexbanke.com/en

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.55

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

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!

WikiFX Verification

FOREXBANK · Company summary

General Information & Regulation

Forexbank Latam is a forex broker that focuses on the Latin American market and is not currently subject to effective regulation.

Market Instruments

The main financial assets that investors can trade on the Forexbank Latam platform are Forex currency pairs, commodities, indices, stocks, Cryptocurrencies.

Minimum Deposit

Forexbank Latam does not provide detailed information on account types, with the minimum deposit requirement is $100.

Leverage

Forexbank Latam offers maximum leverage up to 1:1000. Unregulated brokers, usually, offer higher trading leverage to attract new investors.

Spreads & Commissions

The official Forexbank Latam website claims that the spread for EURUSD is 0.8 pips. However, after testing a demo account, it is known that you still need to pay a commission of $8 per lot, which makes the overall trading costs much higher than the industry standard.

Trading Platform

Forexbank Latam offers traders the most widely used MT4 trading platform on the market today. MT4 is the preferred trading platform for most traders around the world, with an intuitive and simple trading interface, powerful charting tools, a large number of custom indicators, automated trading & EA trading for both novice and experienced traders, and the ability to develop different trading strategies for different levels of traders. MT4 is suitable for both novice and professional traders and can be used to develop different trading strategies for different levels of traders.

User Reviews

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User comment

3

Comments

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fly60219
more than one year
¡FOREXBANK es una plataforma viciosa! Se presentan como profesionales y afirman brindar todo tipo de servicios de alta calidad, ¡pero su único propósito es tomar su dinero! Me han estafado miles de dólares, espero que más personas puedan ver mi evaluación y mantenerse alejados de este estafador.
¡FOREXBANK es una plataforma viciosa! Se presentan como profesionales y afirman brindar todo tipo de servicios de alta calidad, ¡pero su único propósito es tomar su dinero! Me han estafado miles de dólares, espero que más personas puedan ver mi evaluación y mantenerse alejados de este estafador.
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2022-11-30 10:23
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神的宝贝15075194525
more than one year
Stay away from them is to stay away from misfortune! Their website seems to have become the website of another company at present. The page is blank, and nothing can be seen. Everyone should be careful!
Stay away from them is to stay away from misfortune! Their website seems to have become the website of another company at present. The page is blank, and nothing can be seen. Everyone should be careful!
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2022-11-27 15:54
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