Forex SP is a forex broker that was established on October 8, 2021, in Delaware, USA. It primarily provides forex trading services to investors, with its headquarters' address being unknown. This broker does not offer services in jurisdictions where it would violate local laws or regulations.
Corporate Registration and Regulatory Status:
According to publicly available information on the Forex SP official website, its registered business entity in Delaware, USA, is Spot fxit Solution LLC, with the registration number 6292479. The specific registered address is 3422 Old Capitol Trail #700, Wilmington, DE 19808, United States. This company is authorized and regulated by the Secretary of State of Delaware under the Securities Investment Business Law. The broker's official website domain, as found through a Whois search, was registered on August 15, 2014.
Upon verification, the Delaware state government's website does list an entity named Spot fxit Solution LLC with the registration number 6292479. However, this broker is not listed in the active brokers' form published on the official website of the U.S. Securities and Exchange Commission (SEC), and the entity is also not found in the SEC's investment advisor firm search. Therefore, the broker does not have any valid regulation.
Account Opening:
To open an account with Forex SP: Visit the broker's official website, click on “REGISTER” at the top right of the page, and enter the required information such as name, email address, phone number (Indian phone number), and set a login password. Once submitted, the account can be successfully registered.
Account Types:
Forex SP offers a demo trading account and three different types of real trading accounts: Silver Account, Gold Account, and Diamond Account.
- Silver Account: Minimum initial deposit: $100-$1999; Spread: 4 points; Investor education: Available; Trading signals: Not provided; Professional assistance: Not provided; Professional team: Available.
- Gold Account: Minimum initial deposit: $2000-$4999; Spread: 3 points; Investor education: Available; Trading signals: Not provided; Professional assistance: Not provided; Professional team: Available.
- Diamond Account: Minimum initial deposit: $5000 and above; Spread: 2 points; Investor education: Available; Trading signals: Provided; Professional assistance: Provided; Professional team: Available.
Trading Platform:
Forex SP offers a proprietary trading platform.
Deposits and Withdrawals:
Forex SP supports deposits and withdrawals via credit/debit cards, online banking, and bank transfers.
Conclusion:
Traderknows reminds investors that Forex SPis an unregulated forex broker. Traderknows advises investors to stay away from Forex SP and to choose brokers that are transparent, strongly regulated, and reputable to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected of Scam" on Traderknows.
