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No Regulation
Score
1.52 /10
Danger
Forthright Securities
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
D
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.07
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2025-01-02
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Forthright Securities Review Summary | |
| Founded | 2004 |
| Registered Country/Region | Nigeria |
| Regulation | Unregulated |
| Market Instruments | Equities and fixed income securities |
| Demo Account | ❌ |
| Trading Platform | / |
| Min Deposit | / |
| Customer Support | Contact form |
| Tel:+234 708 806 0085 / +234 810 852 3236 | |
| Email: info@forthrightsec.com / customerservice@forthrightsec.com / brokerageteam@forthrightsec.com | |
| Facebook, Instagram, Twitter | |
| Address: No 13, Atinuke Olabanji Street Off John Olugbo Street, Ikeja, Lagos | |
Based in Nigeria, Forthright Securities & Investments Ltd. offers a diverse range of services including security dealing, participation in the NASD OTC Exchange, specialized offerings like FORTH-ReconS and Forth Wealth Builder Account, and access to the ForthTrader online trading portal. However, it has no regulations and lacks specific transaction information.
Pros and Cons
| Pros | Cons |
| Diverse range of services and specialized products | Unregulated |
| Comprehensive customer support | Limited info related to funding and fee schedules |
Is Forthright Securities Legit?
Forthright Securities lacks valid regulatory oversight. Without proper regulation, its operations lack transparency and accountability.
What Can I Trade on Forthright Securities?
For security trading, they offer trading in equities and fixed income securities.
For NASD OTC Exchange, they offer primary and secondary trading and dealings of equities of unquoted public companies and other asset classes.
Account Type
Forthright Securities offers Forth Wealth Builder Account.
This account is an investment plan that allows investors to regularly contribute towards purchasing shares listed on the Nigerian Stock Exchange.
It is designed to help individuals, including employees, Nigerians in the diaspora, businessmen, cooperative societies, and even children saving towards specific goals, build a substantial long-term investment.
Investors are encouraged to hold their stocks for at least two years, benefiting from professional stock selection advice and no management fees beyond standard trading fees on the NSE.
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