Saved By Forex is a CFD broker with a domain registered on August 1, 2023. The broker offers numerous trading markets, including forex, options, and CFDs, through its proprietary trading platform. It does not provide services to countries and regions where doing so may violate local laws or regulations.
Company Registration and Regulatory Status
According to public information on the Saved By Forex website, its headquarters are located in New York, USA, and it is regulated by the Commodity Futures Trading Commission (CFTC), the Belize Financial Services Commission (IFSC), and the Cyprus Securities and Exchange Commission (CySEC).
Upon verification, no entity named Saved By Forex was found in the registries of the National Futures Association (NFA), the Belize Financial Services Commission (IFSC), or the Cyprus Securities and Exchange Commission (CySEC). (The registration and review of intermediaries are conducted by the NFA under the supervision of the CFTC on behalf of the CFTC.)
Therefore, Saved By Forex is essentially a fraudulent website falsely claiming regulatory oversight.
Account Opening Process
The account opening process for Saved By Forex trading accounts is as follows: Visit the broker's website, click "Register" to access the account registration page, fill in personal information such as name, email address, and phone number, set a login password, and submit the form. After account verification, registration is complete.
Investment Plans
Saved By Forex offers users four different types of investment plans: Basic Plan, Essential Plan, Selective Plan, and Premium Plan.
Basic Plan:
- Minimum Investment: $500
- Maximum Investment: $999
- Referral Bonus: 20%
- Daily Return: 10%
- Trading Cycle: 10 days
- 24x7 Customer Support
- Trading Alerts
Essential Plan:
- Minimum Investment: $1,000
- Maximum Investment: $4,999
- Referral Bonus: 20%
- Daily Return: 15%
- Trading Cycle: 12 days
- 24x7 Customer Support
- Trading Alerts
Selective Plan:
- Minimum Investment: $5,000
- Maximum Investment: $50,000
- Referral Bonus: 20%
- Daily Return: 20%
- Trading Cycle: 14 days
- 24x7 Customer Support
- Trading Alerts
Premium Plan:
- Minimum Investment: $50,000
- Maximum Investment: Unlimited
- Referral Bonus: 20%
- Daily Return: 50%
- Trading Cycle: 30 days
- 24x7 Customer Support
- Trading Alerts
Trading Platform
Saved By Forex offers its proprietary trading platform to users; however, it is limited to web-based access only.
Deposits and Withdrawals:
Saved By Forex does not explicitly disclose the deposit and withdrawal methods it supports, nor the associated fees or minimum amounts, on its website.
Conclusion:
Traderknows warns investors that Saved By Forex is actually an unregulated scam website. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Scam" on Traderknows.
