Company Information

Get to know ForexExplore

ForexExplore presented itself as a global forex and CFD broker, providing clients with access to a trading platform for speculating on various financial markets. The entity was never officially registered or licensed by any reputable financial regulatory body. Its business model involved soliciting investments from the public, often with promises of high returns. Due to its unauthorized operations and numerous complaints from consumers, several financial authorities issued public warnings against dealing with the company. The websites associated with this brand are no longer operational.

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ForexExplore

Name: ForexExplore
Address: IL

Israel

Founded in

11 Jan 2006 (20 Years)

Founded

Last online: No recent activity

Claim company

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

0 reviews

Provided by TrustFinance

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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

(74 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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.