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Forbschain

Luxembourg|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.forbschain.com/

Website

Rating Index

Contact

+44 2045772916
support@forbeschain.com
https://www.forbschain.com/
42 AVENUE JF KENNEDY, L-1855 LUXEMBOURG

Licenses

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

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

Single Core

1G

40G

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Disclosure

Contact number

English

+44 2045772916

Other ways of contact

Broker Information

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Company Name

Forbschain

Abbreviation

Forbschain

Platform registered country and region

Luxembourg

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Forbschain · WikiFX Survey

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Forbschain · Company Summary

General Information

Forbschain is a broker based in Luxembourg, engaging in providing clients with a variety of financial products and services.

Market Instruments

Forbschain offers investors a range of financial instruments including forex currency pairs, indices, stocks, commodities and cryptocurrencies.

Accounts & Leverage

There are three kinds of account types for investors to choose from at Forbschain:

  • Silver: minimum deposit of 250$, maximum leverage up to 1:30

  • Gold: minimum deposit of 5000$, maximum leverage up to 1:30

  • Platinum: minimum deposit of 50000$, maximum leverage up to 1:5

Spreads & Commissions

The spreads start from 0.1 pips on the Platinum account, from 1.5 pips on Gold and from 1.3 pips on Silver. No commission is charged.

Trading Platform Available

Forbschain offers a proprietary Web trader, recommended to use on Google Chrome. It has different strategies and analyses, yet the broker says nothing about the number of charts and indicators.

Deposit & Withdrawal

Forbschain accepts electronic payments, credit cards and bank wires as deposit and withdrawal options. A levy of 10% of the withdrawal amount will be charged to any withdrawal from an account that has not executed more than 200 in turnover.

Accepted Countries

US traders are not accepted by Forbschain.

Customer Support

If clients have any questions or concerns, please call 442045772916 or email support@forbeschain.com for consultation.

News

WIKIFX REPORT: Trading platform forbschain.com: BaFin investigates Forbschain

NewsWIKIFX REPORT: Trading platform forbschain.com: BaFin investigates Forbschain

2022-07-28 13:54

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Forbschain, domiciled in Luxembourg, has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin.

WikiFX
2022-07-28 13:54
News
WIKIFX REPORT: Trading platform forbschain.com: BaFin investigates Forbschain
WIKIFX REPORT: Urgent Warning against BitMegaChain, ForbsChain, Blokchains, and their scam network!

NewsWIKIFX REPORT: Urgent Warning against BitMegaChain, ForbsChain, Blokchains, and their scam network!

2022-07-28 12:21

What a name. A “MegaChain” sounds promising, but consumers should have learned by now that “mega” is a scary term that is usually used to promote the worst companies, products, and services.

WikiFX
2022-07-28 12:21
News
WIKIFX REPORT: Urgent Warning against BitMegaChain, ForbsChain, Blokchains, and their scam network!

User Reviews

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高山流水32173
more than one year
The Forbschain website is unavailable. I am very confused and disappointed by this as I was a customer of theirs and now cannot log into the website to view my account information. I advise others to think carefully when choosing a foreign exchange company, make sure they have a reliable regulatory license and a good reputation.
2023-03-20 10:13
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0
0
平安个贷-小王(成都)
more than one year
Still no response regarding getting my funds out. The email address is just bouncing back the emails. The guys constantly corresponded via WhatsApp, but again no response there. Absolute rip-off avoids at all costs.
2023-03-09 14:54
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0
0
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