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FOREXBANK

United States|5-10 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 full license|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

http://www.forexbanke.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
FBCorp-Demo MT4
Server Location United States

Contact

support@forexbanke.com
http://www.forexbanke.com/en/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FB CORPORATION

Company Abbreviation

FOREXBANK

Platform registered country and region

United States

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0496579) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

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FOREXBANK · Company Summary

General Information & Regulation

Forexbank Latam is a forex broker that focuses on the Latin American market and is not currently subject to effective regulation.

Market Instruments

The main financial assets that investors can trade on the Forexbank Latam platform are Forex currency pairs, commodities, indices, stocks, Cryptocurrencies.

Minimum Deposit

Forexbank Latam does not provide detailed information on account types, with the minimum deposit requirement is $100.

Leverage

Forexbank Latam offers maximum leverage up to 1:1000. Unregulated brokers, usually, offer higher trading leverage to attract new investors.

Spreads & Commissions

The official Forexbank Latam website claims that the spread for EURUSD is 0.8 pips. However, after testing a demo account, it is known that you still need to pay a commission of $8 per lot, which makes the overall trading costs much higher than the industry standard.

Trading Platform

Forexbank Latam offers traders the most widely used MT4 trading platform on the market today. MT4 is the preferred trading platform for most traders around the world, with an intuitive and simple trading interface, powerful charting tools, a large number of custom indicators, automated trading & EA trading for both novice and experienced traders, and the ability to develop different trading strategies for different levels of traders. MT4 is suitable for both novice and professional traders and can be used to develop different trading strategies for different levels of traders.

User Reviews

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User comment

3

Comments

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fly60219
more than one year
FOREXBANK is a vicious platform! They present themselves as professionals and claim to provide all kinds of high-quality services, but their only purpose is to take your money! I have been scammed thousands of dollars, I hope more people can see my review and stay away from this scammer.
2022-11-30 10:23
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神的宝贝15075194525
more than one year
Stay away from them is to stay away from misfortune! Their website seems to have become the website of another company at present. The page is blank, and nothing can be seen. Everyone should be careful!
2022-11-27 15:54
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0
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FX1061218412
more than one year
I must forewarn you, guys, that you will waste your precious time, stress out your nerves, and spend all of your money. Never put your trust in this platform unless you've already swallowed the bait. If you placed a deposit and then had bad luck, talk to a professional who deals with internet fraud.
2022-11-27 00:26
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