Forbex

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

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.

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.

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.