Forbex

WikiFX | 2024-11-14 11:02

abstrak：Forbex is an unregulated broker based in the United Arab Emirates. It provides trading on more than 30 CRYPTO PAIRS, 50 STOCKS, 70 CURRENCY PAIRS, COMMODITIES, and 15 INDICES. Moreover, the platform uses the inndustry-leading MetaTrader 5 (MT5) trading system.

Forbex Review Summary
Founded	2023
Registered Country/Region	United Arab Emirates
Regulation	No Regulation
Market Instruments	30+ CRYPTO PAIRS, 50+ STOCKS, 70+ CURRENCY PAIRS, COMMODITIES, 15+ INDICES
Demo Account	✅
Leverage	/
Spread	From 1.0 pips (Standard account)
Trading Platform	MetaTrader 5 (MT5)
Min Deposit	/
Customer Support	Service time: 24/7
	Contact form
	Phone: (+096) 302 443 7488
	Email: info@forbexfx.com
	Address: 67VC+M4G / Al – Riyadh St / Dubai

Forbex is an unregulated broker based in the United Arab Emirates. It provides trading on more than 30 CRYPTO PAIRS, 50 STOCKS, 70 CURRENCY PAIRS, COMMODITIES, and 15 INDICES. Moreover, the platform uses the inndustry-leading MetaTrader 5 (MT5) trading system.

Pros and Cons

Pros	Cons
Demo accounts available	No regulation
A wide range of trading products	Lack of specific info on leverage and minimum deposit
MT5 platform
24/7 support

Is Forbex Legit?

At present, Forbex lacks valid regulation. Its domain was registered on July 24, 2023, and the current status is “client Transfer Prohibited”. Please pay high attention to the safety of your funds if you decide to choose this broker. Our suggestion is looking for a regulated one.

What Can I Trade on Forbex?

On Forbex, you can trade with more than 30 CRYPTO PAIRS, 50 STOCKS, 70 CURRENCY PAIRS, COMMODITIES, and 15 INDICES.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Forbex offers two main account types: Standard and Gold.It also provides demo accounts option.

Spread and Commission

The Standard Account offers spreads starting from 1.0 pips with no commission per lot. The Gold Account offers spreads starting from 0.0 pips, also with no commission per lot.

Account Type	Standard	Gold
Spread	From 1.0 pips	From 0.0 pips
Commission	❌	❌

Trading Platform

Forbex offers MetaTrader 5 (MT5) platform for trading. The MT5 is on its way to becoming one of the most extensively utilized platforms within the industry. It integrates all the crucial features that the MT4 has been renowned for over the years. Additionally, it comes with some extra features and an optimized environment for EA trading.