Bost Forex Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-12-04 18:07Abstract：Bost Forex, operated by Bost Technology Limited in Malaysia, has been in operation for less than a year. While it holds regulation from the Australia Securities & Investment Commission (ASIC), concerns about its legitimacy persist, with suspicions of plagiarism associated with its licensed trader. Bost Forex lacks trading software, raising credibility doubts. It offers trading in Forex, indices, energies, and metals markets with varying account types, leverage up to 1:1000, and low spreads. The minimum deposit is $200. Customer support is available via email and phone. However, caution is advised due to concerns surrounding its authenticity.
| Bost ForexReview Summary | |
| Founded | 2021 |
| Registered Country/Region | China Hong Kong |
| Regulation | No regulation |
| Market Instruments | Over 50 Forex currency pairs, indices, energies, gold |
| Account Type | Standard, Demo |
| Demo Account | ✔ |
| Leverage | Up to 1:1000 |
| Trading Platform | Meta Trader 5 |
| Min Deposit | $200 |
| Payment Method | Banks Transfer |
| Customer Support | Phone: +603-27702749 |
| Email: support@bostforex.com | |
| Physical Address: A-32-8, 5 A Menara UOA Bangsar-H TWR, JLN Bangsar UTAMA 1, Bangsar, 59000 Kuala Lumpur, Malaysia. | |
Bost Forex Information
Bost Forex, founded in 2021, is a brokerage registered in Hong Kong. The trading instruments it provides cover over 40 Forex currency pairs, indices, energies, gold.
Pros and Cons
| Pros | Cons |
| Offers diverse market instruments | Unregulated |
| High leverage up to 1:1000 | Limited types of account types |
| MT4 and MT5 supported | Limited customer support options |
| Demo account available | Relatively high minimum deposit |
Is Bost Forex Legit?
It is clear that Bost Forex is currently unregulated. The Whois website shows that the registration date of this dealer is 2021-01-13.
What Can I Trade on Bost Forex?
Bost Forex offers traders the opportunity to trade over 50 types of forex currency pairs, indices, energies, gold.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Energies | ✔ |
| Gold | ✔ |
| Commodities | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Derivatives | ❌ |
| Futures | ❌ |
| Options | ❌ |
Account Types
Bost Forex offers 2 different types of accounts to traders - Standard Account, Demo Account. The mimimum deposit is $200.
| Account Type | Standard Account | Demo Account |
| Min deposit | $200 | N/A |
| Leverage | Up to 1:1000 | Up to 1:1000 |
| Market | All market | All market |
| Platform | MT5 | MT5 |
Trading Platform
Bost Forex's trading platform is MT5 Margin WebTrader, which supports traders on PC,Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 Margin WebTrader | ✔ | Web, Mobile | Proficient |
| MT4 | ❌ | Web, Mobile | Beginner |
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