ForexDana

WikiFX | 2025-07-24 15:06

Abstract：Forexdana is a global trading platform offering over 500 CFD (Contracts for Difference) trading instruments, covering forex, cryptocurrencies, precious metals, stocks, indices, and commodities (such as crude oil). The platform highlights "micro lot trading" and "ultra-fast execution," supporting beginners to get started through a demo account (free 30-day trial).

Forexdana Review Summary
Registered On	2016
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Over 500 CFD instruments including Forex, Metals, Futures, Shares, Indices, and Commodities
Demo Account	✅
Leverage	/
Spread	/
Trading Platform	Proprietary platform
Min Deposit	/
Customer Support	Email: info@Forexdana.com

Forexdana Information

Forexdana is a global trading platform offering over 500 CFD (Contracts for Difference) trading instruments, covering forex, cryptocurrencies, precious metals, stocks, indices, and commodities (such as crude oil). The platform highlights “micro lot trading” and “ultra-fast execution,” supporting beginners to get started through a demo account (free 30-day trial).

Pros and Cons

Pros	Cons
Micro lot trading (flexible)	Unregulated
Multiple trading accounts	Inaccessible interface
	Unclear fee information
	Information discrepancies exist

Is Forexdana Legit?

Forexdana is unregulated. It is recommended that beginners avoid trading on unregulated platforms.

What Can I Trade on Forexdana?

Forexdana offers over 500 CFDs, covering forex, cryptocurrencies, precious metals, stocks, indices, and crude oil. However, there is a discrepancy in the information on the official website, as some sources claim it provides 300+ CFD instruments.

Tradable Instruments	Supported
Forex	✔
Crude Oil	✔
Stocks	✔
Cryptocurrencies	✔
Precious Metals	✔
Indices	✔
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

Traders can open a demo account for free with a 30-day trial period, which is suitable for beginners to practice. However, information about real accounts is unclear because the Sui Ying interface cannot be accessed.

Trading Platform

Forexdana provides self-developed platforms that support mobile and web-based versions, but it does not offer third-party platforms such as MT4 and MT5.

Deposit and Withdrawal

Deposit methods: Credit cards (VISA, MasterCard), local payment methods (such as BCA, Skrill, NETELLER, etc.) are supported.

Leverage Broker Dealer Forex trading Forex Broker

Related broker

No Regulation

Forexdana

Company name：Forexdana

Score

1.57

Website：https://forexdana.com/

5-10 years | Suspicious Regulatory License | Self-developed | Suspicious biz area

Score

1.57

Firsttrade Review: Traders Raise Ponzi-Style Scam Concerns, Withdrawal Denials & More Issues

Have you lost all your capital while trading via Firsttrade? Does the US-based forex broker disallow you from withdrawing funds? Do you have to pay massive fees when transferring funds? Does your trade get affected because of frequent malfunction in the trading app? These have been haunting many traders at Firsttrade. Consequently, many of them have raised complaints online. In this Firsttrade review, we have shared such complaints. Keep reading to know about them.

Original 2025-10-31 20:49

Defcofx Review: Spread Manipulation & Poor Customer Support Outrage Traders

Does the poor customer support service leave you stunned when trading via Defcofx? Do you receive blunt, negative responses from the support team on several trading queries? Does the Saint Lucia-based forex broker pile on the losses for you by manipulating forex spread charges? In this Defcofx review, we have shared some complaints made against the broker. This will further answer your question: Is Defcofx real or fake?

Original 2025-10-31 19:39