Introducing ForrestFX – it operates under the brand name Smart Solution Corp, based in the Marshall Islands. They also have an office in the UK, but there are no registration numbers, documents, and especially no license from the British regulator. Online reviews about the broker average rating of 3.9 stars, which seems odd and suspicious. So, what is this company really about? Is it safe to trade here? Let’s dive in and find out.

How to Trade

This broker offering margin trading with leverage up to 1:400. ForrestFX provides access to various asset classes: forex, stocks, indices, commodities, and cryptocurrencies. However, all instruments are exclusively presented in CFDs.

The terms and additional features depend on the type of account chosen by the trader. The better the tariff, the more favorable the conditions and the more unique advantages. ForrestFX offers 8 tariff plans in total, with the minimum deposit starting at $250. Additional services include:

  • Education, e-books.
  • Dedicated account manager.
  • Daily market reviews.
  • Professional trading tools.
  • Sessions with analysts.
  • Access to an exclusive trading room.
  • Account monitoring during market hours.
  • Market news and updates.

ForrestFX Vital Info

The exact founding date of the company is unknown, as this detail is overlooked on the official website. However, one can approximate the platform’s launch date by examining the domain of the official website and checking the Marshall Islands registry for when the legal entity was registered. ForrestFX’s domain was created in February 2023, while Smart Solution Corp, which manages the site, was added to the Marshall Islands registry on May 31, 2022. It’s intriguing to ponder what the firm was doing for over half a year without a website.

So, such an organization exists in the Marshall Islands, but the company is not found in the UK. It’s not listed in the Companies House registry. Additionally, it’s worth noting that no licenses are mentioned on the site, suggesting ForrestFX lacks regulatory oversight.


What are the key facts about ForrestFX?

Several red flags can be highlighted: a fresh domain created in 2023, offshore registration in 2022, the absence of a license, a fictitious UK office, and a lack of contact details except for an email address.

What's the risk to my wallet when working with this broker?

Trading with an unregulated broker is highly risky. ForrestFX appears to be one such illicit company, given its lack of a license. Moreover, offshore entities often turn out to be fraudulent. While depositing funds might work smoothly, withdrawals might not.

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