Foptrade

Foptrade | 2024-11-25 16:33

Abstract：Foptrade is allegedly a broker founded in 2021 and registered in Vanuatu. It offers trading in forex, CFDs, equities, commodities and indices with maximum leverage of 1:200 and floating spreads around 3 pips via the MetaTrader4. However, it is not a legit broker.

Note: Foptrade' official website: https://foptrade.com is currently inaccessible normally.

Foptrade Review Summary
Founded	2021
Registered Country/Region	Vanuatu
Regulation	Unregulated
Market Instruments	Forex, CFDs, equities, commodities and indices
Demo Account	✅
Leverage	Up to 1:200
EUR/USD Spread	Floating around 3.0 pips
Trading Platform	A simple version of MT4
Min Deposit	/
Customer Support	Service time: Mon-Fri: 07:00 - 16:00 GMT
Customer Support	Email: support@foptrade.com

Foptrade is allegedly a broker founded in 2021 and registered in Vanuatu. It offers trading in forex, CFDs, equities, commodities and indices with maximum leverage of 1:200 and floating spreads around 3 pips via the MetaTrader4. However, it is not a legit broker.

Pros and Cons

Pros	Cons
Various trading products	Inaccessible website
Demo accounts available	Unregulated
	High spread set
	No info on minimum deposit
	Only email support

Is Foptrade Legit?

No. Foptrade has no regulations currently. Please be aware of the risk!

What Can I Trade on Foptrade?

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Commodities	✔
Indices	✔
Equities	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Apart from free demo accounts, Foptrade claims to offer four types of trading accounts, namely Micro, Classic, Premium and VIP. However, it says nothing about the minimum initial deposit requirement to open an account.

Leverage

The leverage provided by Foptrade is capped at 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

The spread for the EUR/USD pair is as high as 3 pips, while the industry average is just 1.5 pips.

Trading Platform

Foptrade provides access to a distribution of Metatrader 4, as well as a simpler, web-based version of the platform.

Deposit and Withdrawal

Foptrade only accepts deposits via Bitcoin, which is a final and irreversible method and thus often favored by scammers. Exercise caution when using it for deposits!

Leverage Broker Currency Pair Dealer Forex Broker Forex Currency pair leverage in forex forex pips Forex trading forex market Stock CFDs indices commodities demo accounts MT4 WebTrader

Related broker

No Regulation

Foptrade

Company name：Perfect Trade Limited

Score

1.46

Website：https://foptrade.com/index.html

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.46

COINEXX Exposed for Blocking Trader's Withdrawal Request

In online trading, choosing a reliable broker is one of the most important decisions a trader can make

Original 2025-05-07 21:13

XNT Group Broker Review

XNT Group, also known as XNT LTD, has recently caught the attention of traders, but there's a significant concern that investors should be aware of. With a WikiFX rating of just 3.19/10, it's essential to take a closer look at this broker and its potential risks before considering investing.

Original 2025-05-07 18:00

Promax Trading Exposed with Account Disabling and Scam Allegations

Promax, a forex trading broker has been facing serious allegations about data manipulation and account suspensions from a diverse set of traders. Such tactics put the broker under vigilance and raises questions on its reliability and credibility.

Original 2025-05-07 14:32

StoneX Brings FOREX.com to Singapore

StoneX Group Inc. has launched its trading platform, FOREX.com, in Singapore, giving local traders access to a wide range of global markets. The platform is operated by StoneX Financial Pte. Ltd., a company regulated by the Monetary Authority of Singapore.

Original 2025-05-06 17:06