ForrestFX Spreads, leverage, minimum deposit Revealed

WikiFX | 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.