Forexbirds.com is an offshore forex broker that is based in the Saint Vincent and the Grenadines with a branch in the UK. Below is a review of Forex Birds Forex trading platform. This review aims to explore the trading platform, listing out aspects like licensing, its leverages, account types, and its withdrawal and deposit methods.
It also aims to fact check claims that have been made by Forex Birds forex trading platform to determine whether if it is safe enough to trade with or if it is just one gigantic scam.
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Forex Birds Trading Platform
The Forex Birds about us page gives three identical reasons they should be chosen above other trading platforms. One, is that they are a broker of established repute. The second is that they genuinely want their clients to succeed. Last is that they are well-regulated and safe.
Forex birds claim to support the MT4 trading platform, with the ability to either sign up with a live or demo account. They offer commodities like Forex and CFDs, indices, spot metals. It has four account types with leverages as high as 1:500
Benefits with trading with Forex birds according to them are that they offer multiple financial products. User-friendly platforms with useful functionalities. A genuine commitment to making clients become successful traders.
Forex Birds Account Types
Forex Birds has four kinds of account, that are all commission-free.
ECN
This offers leverage of 1:500, Spread from 2.1 PIPS, and a minimum deposit of $100. Standard This offers leverage of 1:400, spread from 1.6 Pips and a minimum deposit of $5000.
Premium
This offers a leverage of 1:200, spread form 1.0 PIPS and a minimum deposit of $25,000.
Prime
This offers a leverage of 1:100, spread from 0.5 PIPS and a minimum deposit of $50,000.
Forex Birds Withdrawal and Deposit Methods
The site claims to support these channels for depositing and withdrawal. Neteller, Skrill, Bank transfer, Visa, Western union, Mastercard, and maestro.
We have it on good authority that clients of this forex brokerage struggle to withdraw their funds once it has been deposited.
Is Forex Birds Licensed?
Forexbirds.com claims to be a well regulated brokerage who has been around for a long time although they do not give an idea of how long they have existed. According to the domain registration we find out that their domain was first registered on 2nd November 2018.
Forex birds claims to be owned by Forex bird Ltd. They claim that they are a registered company from UK company house with registration number 12038231. And also supervised by the Saint Vincent Finance Service Authority (FSA) with License No 25569 IBC 2019.
After a comprehensive and thorough search, we found these numbers to be random and not assigned to any company whatsoever.
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Accounts
Free Trial
Projects
SSL
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
In fact-checking this broker, we found that many of its claims were either or false or unverifiable. We can’t confirm their location, and also, there is a lack of transparency in depositing funds and even a foggier and non-explained process of withdrawing. We don’t advise you to invest with this broker, any attempts to do so we certainly lead to loss of your funds.
Thank you for taking out time to reach us and sorry for your lost, We regret to know you’ve experienced such an issue and hardship where you try and make some trade and option to do investment trading and you end up running into loses with companies guilty of embezzling and depriving investors of their money and profits sadly that how the trading world is now it what it turned into but there a way out and that by you getting to recover all your lost funds back, your profits included and probably charge them with a lawsuit for Illegal Embezzlement of funds. All this can be done by contacting HARPER JAMES via:
( harperjamesplatform @ gmail . com )