Foptrade
abstrak：Foptrade is allegedly a broker founded in 2021 and registered in Vanuatu. It offers trading in forex, CFDs, equities, commodities and indices with maximum leverage of 1:200 and floating spreads around 3 pips via the MetaTrader4. However, it is not a legit broker.
Note: Foptrade' official website: https://foptrade.com is currently inaccessible normally.
| Foptrade Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Vanuatu |
| Regulation | Unregulated |
| Market Instruments | Forex, CFDs, equities, commodities and indices |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | Floating around 3.0 pips |
| Trading Platform | A simple version of MT4 |
| Min Deposit | / |
| Customer Support | Service time: Mon-Fri: 07:00 - 16:00 GMT |
| Email: support@foptrade.com | |
Foptrade is allegedly a broker founded in 2021 and registered in Vanuatu. It offers trading in forex, CFDs, equities, commodities and indices with maximum leverage of 1:200 and floating spreads around 3 pips via the MetaTrader4. However, it is not a legit broker.
Pros and Cons
| Pros | Cons |
| Various trading products | Inaccessible website |
| Demo accounts available | Unregulated |
| High spread set | |
| No info on minimum deposit | |
| Only email support |
Is Foptrade Legit?
No. Foptrade has no regulations currently. Please be aware of the risk!
What Can I Trade on Foptrade?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Equities | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Apart from free demo accounts, Foptrade claims to offer four types of trading accounts, namely Micro, Classic, Premium and VIP. However, it says nothing about the minimum initial deposit requirement to open an account.
Leverage
The leverage provided by Foptrade is capped at 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread
The spread for the EUR/USD pair is as high as 3 pips, while the industry average is just 1.5 pips.
Trading Platform
Foptrade provides access to a distribution of Metatrader 4, as well as a simpler, web-based version of the platform.
Deposit and Withdrawal
Foptrade only accepts deposits via Bitcoin, which is a final and irreversible method and thus often favored by scammers. Exercise caution when using it for deposits!
Magbasa pa ng marami
Sa likod ng Orfinex Prime Brokerage: Isang kaso ng pagsalangsang at negligencia
Orfinex Prime: Mga Allegasyon ng Negligencia at Paglabas | Ang mga problema ng mga kliyente ay nagpapahayag ng mga hindi ligtas na pamamaraan sa pagbebenta, malinaw na presensya sa Dubai, at mga alalahanin ng pagsalangsang. Gumawa ng mga aksyon para sa proteksyon ng mga mamimili.
The pound, gilts and renewables: the winners and losers under Britain’s future PM
The race to be the next leader of Britain’s ruling-Conservative Party and the country’s prime minister is into its final leg, with the September outcome likely to shape the fortunes of sterling, gilts and UK stocks in coming months.
IMF cuts global growth outlook, warns high inflation threatens recession
The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.
Starting Forex Trading: Creating A Profit Plan
A key factor in building a successful and profitable trading career is making your own plans. Your transaction plan will provide a good framework for guiding ever-changing currency prices to profit.
Broker ng WikiFX
Exchange Rate
