In this section we will analyze the broker Forbslab (also called forbslab.com), is a Forex and CFD broker. Is Forbslab really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on Forbslab. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Kayescent Corp. and Walsh Invest & Trade Ltd.
As to its location, the broker mentions being based in: British Virgin Islands and Luxembourg.
If we analyze the regulation of the broker: Forbslab does not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by Forbslab, we noticed that they offer 4 different types of account / plans: the Basic Account, the Advanced Account, the Expert Account and the VIP Account. We leave an image with a little information about each type of account.
Basic Account: basic training, personal account manager, expert advisor, fixed spreads, customer support 24 hours 5 days a week, leverage up to 1: 100, coverage, negative balance protection, 1 free withdrawal per month, access resources, 10% monthly service fee, access resources.
Advanced Account: advanced training, personal account manager, expert advisor, floating spreads, customer support 24 hours 5 days a week, leverage up to 1: 100, hedging, negative balance protection, 2 free withdrawals per month, access resources, 4% monthly service fee, access resources, webinars.
Expert Account: Expert Training, Experienced Consultant, Expert Advisor, Floating Spreads, 24/5 Customer Support, Up to 1: 200 Leverage, Hedging, Negative Balance Protection, 2 Free Withdrawal per Month, Access Resources, 2% monthly service fee, access resources, webinars.
VIP account: personalized training, personal trainer, expert advisor, floating spreads, 24/5 customer support, leverage up to 1: 400, hedging, negative balance protection, unlimited free withdrawals per month, access resources, 1% monthly service fee, access resources, webinars, daily market alerts, personal bonus policy, personal trading conditions.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Forbslab offers are: we believe that Forbslab's own platform.
We will now analyze the different resources and aids for traders that Forbslab provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Forbslab provides the following aids or resources to traders or stakeholders: English glossary, some live charts, FAQ section, not much more than this.
Other information about Forbslab
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: +49 21 124092007 (Germany), +352 28 48 08 94 (Luxembourg) and +44 20 3936 8619 (United Kingdom)
>>> Feedback on Forbslab <<
Ending with this section, in our opinion Do we believe that the company Forbslab is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries (British Virgin Islands), we believe that its base in Luxembourg is false, since if it were real they should have the regulation by the Luxembourg regulator, and they don't have it, so they apparently lie about their real basis. In addition to this, looking for other reviews about Forbslab we have found negative reviews and clients with problems to withdraw capital. We suggest using caution.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
January 2020 update: the CNMV, the Spanish financial regulator, has issued a warning against Forblsab
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.