Forex-Group is an online brokerage platform claiming to offer CFD trading, with its official website domain being www.forex-group.org, and the website registered on November 8, 2024. The platform primarily offers investment trading services in markets such as stocks, forex, commodities, and indices.
Available Trading Instruments
The forex-group.org website indicates it supports the following trading instruments:
- Forex
The forex market is known for its large trading volume and high liquidity, offering currency pairs trading, such as EUR/USD and USD/JPY. Investors can take advantage of short-term opportunities from price fluctuations or hold long-term positions in response to global economic changes. - Precious Metals
Gold and silver are the main trading assets in the precious metals market, considered as stable stores of value. In times of market volatility or inflationary pressures, precious metals trading offers investors the potential for a safe haven. - Commodities
Commodity trading includes energy (such as crude oil, natural gas), agricultural products (like wheat, coffee), and industrial metals (like copper). Commodity market prices are influenced by global supply and demand, weather conditions, and geopolitical factors, suitable for diverse investment strategies. - Stocks
The stock market offers investors the opportunity to participate in corporate growth, from major tech companies like Apple and Google to leading firms in various industries. Through stock investments, investors can benefit from capital appreciation and dividends.
Account Types
Forex-group.org offers a variety of account types, with differing trading fees and rules:
Multi-Asset Accounts
Fees and Account Plans
- Commission: Applicable for US stock and ETF trading, charged per share with a minimum commission.
- Account Plans:
- Bronze Account: Minimum deposit of $500, $0.01 per share, minimum commission $1.5.
- Silver Account: Minimum deposit of $5,000, $0.008 per share, minimum commission $1.5.
- Gold Account: Minimum deposit of $10,000, $0.007 per share, minimum commission $1.5.
- Platinum Account: Minimum deposit of $25,000, $0.006 per share, minimum commission $1.25.
- Diamond Account: Minimum deposit of $50,000, $0.005 per share, minimum commission $1.
Margin Call Criteria
- Retail Customers: Auto-close triggered when account equity is below 50%.
- Professional Customers: Market price close when account equity is below $50.
Stock CFD Accounts
Tier Plan
- Account Types and Fees:
- Fee structure from Bronze to Diamond accounts is similar to Multi-Asset Accounts, with an additional order processing fee of $0.0015.
Fixed Plan
- Fee Structure:
- Different account types offer various trading volume packages and extra fees, with specific fee standards varying by plan type.
ST5 Accounts
- Margin Call Criteria:
- Retail Customers: Triggered when account equity is below 50%.
- Professional Customers: Triggered when equity is below 10%.
Stock Accounts
Tier Plan
- Account Fees: Fees from Bronze to Diamond accounts vary according to account level, with an added order processing fee.
Fixed Plan
- Fee Standard: Offers packages based on trading shares, with extra charges for surpassing the package limit.
Financing Costs
- Overnight Leverage: Daily interest rate of 0.026%.
- Excess Leverage: Daily interest rate of 0.5%.
Client Classification and Leverage Rules
Retail Traders
- Leverage ratio for main currency pairs: 1:30.
- Margin call rule: Triggered when account equity falls below 50% of the total value.
Professional Traders
- Currency pair leverage ratio: Up to 1:200.
- Margin call rule: Triggered when equity is below $50 or 10% of the total value.
Trading Software
According to the website's download links, Forex-Group offers the following trading software:
- Google Play:THJYTBGREF
- App Store: SLPERTRH
Deposit and Withdrawal Policy
- Deposit: No fees for wire transfers.
- Withdrawal: No fees for the first monthly withdrawal under $500; otherwise, a $40 fee applies (€30 for Euro accounts).
Educational Resources and Broker Policy
- Educational Resources: The website does not offer any investor education section.
- Broker Policy: No information available regarding introducing brokers.
Regulatory Information
According to the information made public on the website, Forex-Group claims to be part of GAIN Capital Group LLC in the United States and lists the following regulatory credentials:
- USA: CFTC and NFA (NFA Registration Number: 0339826).
- UK: FCA (Registration Number: 113942).
- Canada: IIROC (Registration Number: 123456).
- Australia: ASIC (Registration Number: 345646).
- Cyprus: CySEC.
Regulatory Information Authenticity
Upon verification, the regulatory and company information provided by forex-group.org is found to be replicating details from the well-known brokerage FOREX.com. Additionally, a large portion of the website content is copied from another brokerage Colmex Pro.
Brand Impact and Website Data
- Website Traffic: According to data from Semrush and Ahrefs, forex-group.org has an average monthly traffic of 0.
- Social Media: No social media accounts have been opened.
- Brand Exposure: No news regarding this brand on public networks.
Conclusion
Through thorough investigation, it is evident that Forex-Group's operations, employee information, and actual business activities have significant doubts. The information displayed on its website extensively plagiarizes from FOREX.com and Colmex Pro. This indicates that forex-group.org is essentially a fraudulent website, and investors should exercise caution.
