Established in 2024, Foreignblockindex is a CFD broker registered and operating in the UK. The platform is regulated by the Belize Financial Services Commission (FSC) and primarily offers CFD trading services across various financial markets, including forex, cryptocurrencies, indices, commodities, and stocks.
Corporate Services
Account Types
Foreignblockindex provides a demo trading account and three types of real trading accounts: Classic Account, Optimum Account, and Pro Account. These accounts are available in both personal and corporate versions. The details of the personal version accounts are as follows:
Classic Account
- Minimum deposit of $100
- Spreads starting from 0.5 pips
- Minimum trade size: 0.01 lot
- No trading commission
- Cashback up to $2 per side per standard lot ($100,000 nominal value)
- Trading leverage for forex and metals up to 1:200
- Margin ratio for hedged/locked positions: 50%
- Execution method: NDD (No Dealing Desk), market execution
- Margin call/stop-out: 25%/15%
- Forex CFDs: 36 currency pairs
- Additional CFDs: indices, precious metals and energy, cryptocurrencies
- Demo account available for trial
Optimum Account
- Minimum deposit of $100
- Spreads starting from 1.5 pips
- Minimum trade size: 0.01 lot
- No trading commission
- Cashback up to $2 per side per standard lot ($100,000 nominal value)
- Trading leverage for forex and metals up to 1:1000
- Margin ratio for hedged/locked positions: 50%
- Execution method: NDD (No Dealing Desk), market execution
- Margin call/stop-out: 25%/15%
- Forex CFDs: 36 currency pairs
- Additional CFDs: indices, precious metals and energy, cryptocurrencies
- Demo account available for trial
Pro Account
- Minimum deposit: $100
- Spreads starting from 0 pips
- Standard commission: $3.5 per side per standard lot ($100,000). For high-volume traders, the commission is reduced to $1.5 per side.
- Minimum trade size: 0.01 lot
- Leverage: forex and metals up to 1:200
- Margin ratio for hedged/locked positions: 50%
- Execution method: NDD (No Dealing Desk), market execution
- Margin call/stop-out ratio: 25/15
- Forex CFDs: 36 currency pairs
- Additional CFDs: indices, precious metals and energy, cryptocurrencies, stocks
- Allows use of any EA (Expert Advisor)
- Demo account available for trial
Trading Platform
Foreignblockindex claims to offer MT4 and MT5 trading platforms for users, including desktop and mobile versions. However, the broker only provides a web-based trading application, and their website does not offer download links for MT4 and MT5. Furthermore, the broker is not listed on the MT4/MT5 trading platforms.
Deposit and Withdrawal Methods
The platform only supports deposits and withdrawals via cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Tether, and Binance Coin.
Social Media and Contact Information
Foreignblockindex does not have communication channels on social media platforms like Facebook, Instagram, or Twitter. The broker only provides email as a contact method.
Company Background and Regulation
Company Background
According to Foreignblockindex's website, it is an international business company registered in the UK, with the corporate entity being Foreignblockindex Limited, registration number 10855,96007. The broker's headquarters is located at 25 Ropemaker St, London, UK.
The broker is also regulated by the Belize Financial Services Commission (FSC), with license number 1300895967/3009.
Regulation Verification
Upon investigation, the company name "Foreignblockindex Limited" was not found registered in the UK Companies House or the Belize Financial Services Commission (FSC). In addition, the company registration number and license number mentioned on the broker's website do not adhere to the correct format.
Conclusion
Traderknows advises investors that Foreignblockindex lacks a legally registered corporate entity and is not under any valid regulation. Investors should carefully consider choosing trading platforms that are legally regulated and maintain transparency to avoid capital loss and reduce investment risk.
