Company Information

Get to know ForexBrokerInc

ForexBrokerInc was an online trading broker registered in the Marshall Islands. It provided retail clients with access to the MetaTrader 4 (MT4) platform for trading in a range of financial instruments, including foreign exchange, indices, commodities, and CFDs. The company gained some popularity by offering high leverage and various account types. However, its history is marked by controversy, as it operated without authorization from major financial regulators and abruptly ceased all operations in 2016, leaving many clients unable to withdraw their funds.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

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ForexBrokerInc

United States

Founded in

2012 (14 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.