Forex-Group is an online platform claiming to offer multi-asset trading services, with its official website domain being forexltd.org, registered on November 8, 2024. According to the website information, the platform claims to support trading in various financial products, including forex, precious metals, commodities, and stocks.
Types of Trades
- Forex (Foreign Exchange)
The forex market offers trading opportunities in currency pairs, such as Euro to US Dollar (EUR/USD) and US Dollar to Japanese Yen (USD/JPY). As the world's most liquid market, forex trading is open 24 hours, providing investors with flexibility and a variety of investment strategy options. - Precious Metals
Gold and Silver are the core assets of precious metals trading. They are popular for their hedging and value-preserving functions, performing exceptionally well during periods of market volatility or economic uncertainty. - Commodities
Commodity trading includes energy (such as oil and natural gas) and agricultural products (like coffee and corn). Price movements are often influenced by changes in supply and demand, weather conditions, and geopolitical events, making them suitable for traders interested in diversified investments. - Stocks
Stock trading allows investors to purchase company shares, enjoying capital appreciation and dividend income. Popular targets include Tesla, Apple, and Microsoft, offering investors the opportunity to participate directly in corporate growth.
Account Types and Fees
Multi-Asset Account
Fee Structure
- Commission per trade: Applicable to US stocks and ETFs, charged per share, with a minimum commission.
Account Plans
- Bronze Account: Minimum deposit $500; cost per share $0.01; minimum commission $1.5.
- Silver Account: Minimum deposit $5,000; cost per share $0.008; minimum commission $1.5.
- Gold Account: Minimum deposit $10,000; cost per share $0.007; minimum commission $1.5.
- Platinum Account: Minimum deposit $25,000; cost per share $0.006; minimum commission $1.25.
- Diamond Account: Minimum deposit $50,000; cost per share $0.005; minimum commission $1.
Forced Liquidation Standards
- Retail Clients: Automatic liquidation triggered when the account equity falls below 50%.
- Professional Clients: Market price liquidation when account equity falls below $50, no automatic rule.
Stock CFD Account
Tiered Plans
- Bronze Account: Minimum deposit $500, per share fee $0.01, minimum commission $1.5, order processing fee $0.0015.
- Silver Account: Minimum deposit $5,000, per share fee $0.008, minimum commission $1.5, order processing fee $0.001.
- Gold Account: Minimum deposit $10,000, per share fee $0.007, minimum commission $1.5, order processing fee $0.0015.
- Platinum Account: Minimum deposit $25,000, per share fee $0.006, minimum commission $1.25, order processing fee $0.0015.
- Diamond Account: Minimum deposit $50,000, per share fee $0.005, minimum commission $1, order processing fee $0.0015.
Fixed Plans
- Bronze Plan: $12 includes up to 300 shares; additional per share fee $0.006.
- Silver Plan: $9 includes up to 300 shares; additional per share fee $0.006.
- Gold Plan: $6 includes up to 400 shares; additional per share fee $0.007.
- Platinum Plan: $8 includes up to 400 shares; additional per share fee $0.005.
- Diamond Plan: $9 includes up to 500 shares; additional per share fee $0.004.
Forced Liquidation Standards
Consistent with multi-asset accounts.
Stock Account Tiered Plan Trading Commission
Account Types and Fees
- Bronze Account: Minimum deposit $2,000, per share fee $0.01, minimum commission $1.5, order processing fee $0.0015.
- Silver Account: Minimum deposit $10,000, per share fee $0.008, minimum commission $1.5, order processing fee $0.0015.
- Gold Account: Minimum deposit $25,000, per share fee $0.007, minimum commission $1.5, order processing fee $0.0015.
- Platinum Account: Minimum deposit $50,000, per share fee $0.0065, minimum commission $1.5, order processing fee $0.0015.
- Titanium Account: Minimum deposit $75,000, per share fee $0.006, minimum commission $1.5, order processing fee $0.0015.
- Diamond Account: Minimum deposit $100,000, per share fee $0.005, minimum commission $1.5, order processing fee $0.0015.
Stock Account Fixed Plan Trading Commission
Account Types and Fees
- Bronze Account: Minimum deposit $25,000, includes up to 3,000 shares with a fee of $6.95, additional per share fee $0.006, order processing fee applicable.
- Silver Account: Minimum deposit $50,000, includes up to 6,000 shares with a fee of $9.95, additional per share fee $0.006, order processing fee applicable.
Leverage Ratios and Rules
Retail Traders
- Major Currency Pairs: 1:30
- Non-Major Currency Pairs, Indices, and Gold: 1:20
- Commodities and Non-Gold Metals: 1:10
- Stocks and ETFs: 1:5
- Cryptocurrencies: 1:2
Professional Traders
- Currency Pairs: 1:200
- Non-Silver Metals: 1:100
- Commodities, Indices, and Silver: 1:40
- Stocks and ETFs: 1:20
- Cryptocurrencies: 1:5
Trading Software
The official website does not specify the trading software used.
Based on the provided download links:
- Google Play link is THJYTBGREF.
- App Store link is SLPERTRH.
Broker Policy
forexltd.org does not provide any information related to IB (Introducing Broker) policy.
Educational Resources
Forex-Group's official website does not have any sections dedicated to investor education.
Deposit and Withdrawal Policy
- Incoming Wire Transfer Fees: Free.
- Outgoing Wire Transfer Fees: The first withdrawal of less than $500 each month is free; otherwise, a fee of $40 per transaction applies (€30 for Euro accounts).
Regulatory Information and Disputes
Forex-Group claims to be part of GAIN Capital Group LLC and holds the following regulatory qualifications:
- United States: CFTC and NFA (Registration number: 0339826).
- United Kingdom: FCA (Registration number: 113942).
- Canada: IIROC (Registration number: 123456).
- Australia: ASIC (Registration number: 345646).
- Cyprus: CySEC.
Upon verification, this regulatory information is largely copied from the well-known broker FOREX.com. Additionally, the design and other content of the Forex-Group website are essentially plagiarized from the broker Colmex Pro.
Brand Exposure and Web Traffic
- Website Traffic: According to Semrush and Ahrefs data, the monthly average traffic of forexltd.org is zero, indicating it is nearly unused.
- Brand Exposure: There is virtually no news about Forex-Group on public networks.
Conclusion
forexltd.org is essentially a scam website that plagiarizes the website design and content of Colmex Pro, as well as the company and regulatory information of FOREX.com. Investors should exercise caution when dealing with this platform to avoid unnecessary financial losses.
