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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Forbit Option

China China | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://forbitoption.com/

Website

Rating Index

Contact

https://forbitoption.com/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
China
Operating Period
5-10 years
Company Name
Forbit Binary Option
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • forbitoption.com
    104.18.37.67
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

General Information & Regulation

Forbit Option is an online broker registered in China, and it is not subject to any regulation at this stage. Please be aware of risks.

Market Instruments

Forbit Option offers three trading assets: forex currency pairs, options and crypto currencies. Tradable financial instruments on the Forbit Option platform seem quite average, as many other brokers can offer stocks, commodities and other trading classes.

Accounts

There is no trading accounts information displayed on theForbit Option website, nor the minimum initial deposit requirements.

Leverage

Trading leverage information is unknown. Since margin trading is full of risks, traders should be very careful to choose proper amount of trading leverage.

Spreads & Commissions

The spread on particular instrument is not given byForbit Option, even the benchmark of the EURUSD pair. According to the industry standard, the average spread of the EURUSD pair is varying from 1-1.5 pips.

Trading Platform Available

Forbit Option doesnt provide any specific trading platform.

Deposit & Withdrawal

Likewise, Payment methods are missing. Many other brokers would offer some convenient deposit and withdrawal methods like wire transfer, visa, Mastercard and e-wallets like skrill and Neteller.

Customer Service

The Forbit Option customer support team can be only reached through email as well as some social media platforms including Youtube, Facebook and Twitter.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is Forbit Option a scam or a legit trading platform?

Forbit Option operates without any valid regulatory licenses for forex or binary options trading, a status that is considered a severe risk factor for traders. It holds an exceptionally low overall score of 1.54 out of 10 on WikiFX, and its stated business scope has been flagged as suspicious. This combination of factors indicates an operation with a very high-risk profile and a lack of credible oversight, strongly advising caution.

04-02
United States

Which regulator oversees Forbit Option?

Forbit Option is not overseen by any financial regulatory authority. It operates as an unregulated entity, which means it lacks the licenses from bodies like the FCA, ASIC, or CySEC that mandate client fund segregation, capital adequacy, and formal dispute resolution, leaving clients without standard investor protections.

04-02
United States

Where is Forbit Option registered?

The broker is registered in China and has been operational for an estimated 5 to 10 years, primarily serving that regional market.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
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