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Score

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Forbex

United Arab Emirates|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://forbexfx.com/

Website

Rating Index

Contact

info@forbexfx.com
https://forbexfx.com/
67VC+M4G / Al – Riyadh St / Dubai

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
United Arab Emirates
Operating period
1-2 years
Company Name
Forbex
Abbreviation
Forbex
Company employee
--
Customer Service Email Address
info@forbexfx.com
Company website
Company address
67VC+M4G / Al – Riyadh St / Dubai
Keywords 4
1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Website
Company Summary
Review

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Official website

Website

  • forbexfx.com

    Server Location

    Italy

    Website Domain Name

    forbexfx.com

    Server IP

    172.232.206.251

Company Summary

Forbex Review Summary
Founded2023
Registered Country/RegionUnited Arab Emirates
RegulationNo Regulation
Market Instruments30+ CRYPTO PAIRS, 50+ STOCKS, 70+ CURRENCY PAIRS, COMMODITIES, 15+ INDICES
Demo Account
Leverage/
SpreadFrom 1.0 pips (Standard account)
Trading PlatformMetaTrader 5 (MT5)
Min Deposit/
Customer SupportService 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.

Forbex Review Summary

Pros and Cons

ProsCons
Demo accounts availableNo regulation
A wide range of trading productsLack 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.

Is Forbex Legit?

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 InstrumentsSupported
Forex
Commodities
Indices
Stocks
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Forbex?

Account Type

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

Account Type

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 TypeStandardGold
SpreadFrom 1.0 pipsFrom 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.

Trading Platform

Keywords

  • 1-2 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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