Forex Birds Review 2025
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Updated:
Reason to avoid: Offshore License.
Listed Date: July 27, 2020
Top 3 Forex Brokers
Beware Forex Birds is a Non-Regulated broker. It is NOT SAFE to trade.
Advertising Disclosure
Updated:
Reason to avoid: Offshore License.
Listed Date: July 27, 2020
Beware Forex Birds is a Non-Regulated broker. It is NOT SAFE to trade.
It is not safe to trade with Forex Birds as it is an offshore unregulated broker. Forex Birds LTD is a fully licensed and Regulated broker governed and supervised by the Saint Vincent Finance Service Authority (FSA).
🗺️ Registered in | St. Vincent and the Grenadines |
🗺️ Type of License | Offshore License |
🛡️ Is Forex Birds safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Forex Birds claims to be a well-regulated, safe, and secure Forex broker with optimal trading conditions. The broker offers a wide range of solutions to trade CFDs and Forex, commodities, indices, and spot metals. It also provides clients with the leverage of up to 1:100 and user-friendly platforms with useful functionalities. However, there are some concerns about its regulation which we are going to look at in this Forex Birds Review.
“The Comisión Nacional del Mercado de Valores (National Securities Market Commission) warns that Forex Birds is not authorized to provide the investment services, which include investment advice, nor to provide the auxiliary in relation to the financial instruments, including, for those purposes, foreign currency transactions.”
Forex Birds allows Indian traders to open accounts and trade. However, Forex Birds has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.
The United States is one of the countries that is not accepted by Forex Birds. As per U.S. law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for Forex Birds, you are only permitted to trade with U.S-regulated platforms.
Forex Birds offers four types of trading accounts (Also explore MEXC Global’s account types): ECN, Standard, Premium, and Prime. The minimum deposit for the basic ECN account is 100 USD (See ECN Forex Brokers Reviews). The payment options include Visa, Maestro, Bank Transfers, and e-wallets Skrill and Neteller.
Forex Birds offers an advanced mobile platform MT4 compatible with most smartphones and tablets. For the ultimate mobile trading experience, you’re invited to download our innovative, free mobile trading apps. Look for Forex Birds Trading on the App Store or on Google Play.
Forex Birds also offers a demo account. The Demo Account is provided to give traders a demonstration of the broker’s trading platform and to offer traders the opportunity to trade on simulated real trading conditions. This further allows the trader to gain more experience prior to trading with real funds and facing actual risk. Traders may test their trading strategies and become familiar with the trading platform at their own pace.
Overall, there are many questions in regards to the trust of the Forex Birds company services and the manner they do operate the online trading itself. We strongly advise opening a trading account only with brokers that are regulated by respected world authorities that comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.
Based on our findings, the Forex Birds website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.
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