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Global Broker Regulation & Inquiry App

Score

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/10

Fortradersfx

Marshall Islands|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.fortradersfx.com/

Website

Rating Index

Contact

+44 07956568563
support@fortraderfx.com
https://www.fortradersfx.com/

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
Marshall Islands
Operating period
5-10 years
Company Name
ForTradersFX
Abbreviation
Fortradersfx
Company employee
--
Customer Service Email Address
support@fortraderfx.com
Contact number
4407956568563
Keywords 4
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Website
Company Summary
Review

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Official website

Website

  • fortradersfx.com

    Server Location

    United States

    Website Domain Name

    fortradersfx.com

    Server IP

    104.27.158.23

Company Summary

General Information & Regulation

ForTradersFX is owned and operated by a Marshall Islands-based company - ForTradersFXLtd, founded in 2019. ForTradersFX Ltd is not subject to any regulation. Traders are not advised to trade with unregulated broker, as they cannot guarantee fund safety.

Market Instruments

ForTradersFX claims to offer investors a range of investment instruments, including currency pairs, indices, commodities, stocks, and oil.

Minimum Deposit

ForTradersFX offers investors four different trading accounts: Mini, Bronze, Silver, and Gold. The minimum deposit to open a mini account, or a basic account is $250.

ForTradersFX Leverage

Trading leverage varies depending on different trading accounts. The Mini and Bronze accounts offer the leverage of 1:100, while traders who hold the Silver and Gold accounts can trade with the high leverage level, up to 1:200.

Trading Platforms

ForTradersFX claims to offer an MT4 trading platform, but it turns out that ForTradersFX's so-called MT4 trading platform is neither available nor downloadable. ForTradersFX offers its traders the Sirix trading platform.

Deposit & Withdrawal

ForTradersFX supports deposits by phone, credit card, debit card, and wire transfer. ForTradersFX claims to process withdrawals within 10 days, which is quite unusual compared to other legit brokers who process withdrawals quickly. Additionally, ForTradersFX charges a fee for withdrawals, which turns out to be such a scam.

ForTradersFX Pros & Cons

ForTradersFX advantages Include:

1. A greater variety of trading assets

2. Four trading accounts available

ForTradersFX Disadvantages Include:

1. No regulation & blacklisted by CONSOB

2. MT4 trading platform not provided

3. Spreads & commission information not provided

4. High withdrawal fees

5. The minimum deposit amount for bronze, silver & gold accounts not known

6. No demo accounts offered

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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