Search
Close this search box.

Forex Sport Review Forex Broker & Trading Markets | Legit or a Scam

Forex sport
Score

2/5

Min Deposit

Not Specified

Min Spread

N/A

Regulation

ASIC

Max Leverage

N/A

Positive Ratings
40%
Neutral Ratings
10%
Negative Ratings
50%

Forex Sport is an Australian trading platform. It aims to provide a quick and easy way to move money for less. The platform offers trading in multiple assets from around the globe. The platform also provides access to various account types and competitive leverage options.

In this review, we will discuss the key features of the platform along with the pros and cons.

Forex Sport Overview

General Information

Forex Sport is regulated by ASIC, which enhances the platform’s safety. Forex Sport Pty. Ltd. is a regulated financial institution in Australia, authorized under the Australia Securities & Investment Commission (ASIC) under license number 401379 for market-making (MM) activities.

Aspect Information
Registered Country/Area Australia
Founded Year Not Specified
Company Name Forex Sport
Regulation ASIC
Demo Account Not Specified
Minimum Deposit Not Specified

Maximum Leverage

Not Specified 

Spreads

Not Specified 

Trading Platforms

MetaTrader 4

Customer Support 

Email, Live chat, Phone Support

Market Instruments available on Forex Sport

Forex Sport offers forex trading and global payments. It provides spot FX, value today and tomorrow FX transactions, and FX forward contracts.

However, there is no information regarding the different assets like stocks, crypto, and more.

Account Types

There is no detailed information regarding the account types on the platform. This makes it difficult for traders to select the account or identify it for better decisions.

Traders should contact Forex Sport’s customer service for comprehensive account details.

Leverage

Forex Sport offers no information regarding the leverage options. This can be tricky for users to identify the risks and invest accordingly.

Spreads & Commissions

Forex Sport offers no detailed fees and commission prospects. Now this eliminates the chances of planning and identifying the overall costs during trading.

The broker’s transparency on spreads and commissions could be improved to help traders understand the full cost of trading.

Trading Platform

Forex Sport provides access to the popular MT4 platform. The MT4 trading platform includes:

  • Technical indicators
  • Automated trading via Expert Advisors (EAs)
  • Interactive charting tools
  • Real-time price quotes

Forex Sport also offers a proprietary trading platform accessible via desktop and mobile. However, limited information is available about its proprietary platform’s features and tools.

Tools of forex sport

Trading Hours

Forex Sport follows the general trading hours for forex. This is 24/5, from Monday to Friday.

Withdrawal and Deposits

Forex Sport offers several deposit and withdrawal options, including:

  • Credit/Debit Cards: Major cards like Visa and Mastercard
  • Bank Transfers: International and local bank options
  • E-wallets: Options may include Skrill, Neteller, and others

Forex Sport does not provide clear information on transaction fees, so traders should contact customer support or check their account’s terms and conditions for potential charges.

Customer Support

Forex Sport’s customer support can be accessed via:

  • Email: Support typically responds within 24 hours. You can mail at admin@forexsport.com.
  • Live Chat: Available during working hours.
  • Phone Support: Limited phone support for urgent issues. You can call at 0390081880.

Support options appear basic compared to other brokers, and there’s no indication of 24/7 availability. Additionally, without clear contact details, it may be challenging for traders to resolve issues promptly.

Customer Support of Forex sport

Conclusion

Forex Sports trading platform lacks a lot of details regarding the assets and account types. This eliminates the chance of traders identifying the overall trading cost.

However, they provide comprehensive support through live FX rates, economic news, and FX charts. Clients can initiate transfers through an online portal or receive assistance from Forex Sport’s dealers. The funds can be transferred via electronic funds transfer.

Forex Sport’s dedicated customer support is clear through communication channels and the condition of free currency alerts. Overall, Forex Sport aims to simplify and optimize financial transactions for its clients globally, ensuring competitive rates and efficient service.

  • Extensive range of supported currencies
  • Secure and regulated by ASIC
  • Assistance with FX risk management
  • User-friendly online portal
  • Additional resources like live FX rates
  • Lack of information about specific fees
  • Variable transfer processing times
  • Limited information on the website
  • Limited methods for contacting customer support
FAQs

FAQs

Is Forex Sport a regulated broker?

Yes, Forex Sport is currently unregulated, which may increase risk for traders.

What trading platform does Forex Sport offer?

Forex Sport provides MetaTrader 4 (MT4) and a proprietary trading platform.

Does Forex Sport have an Islamic account?

There is no information regarding the Islamic accounts on the platform.

Is there a minimum deposit requirement with Forex Sport?

Yes, each account type has a different minimum deposit requirement; details are available upon registration.

What assets can I trade with Forex Sport?

Forex Sport does not offer any information about the type of assets except Forex pairs.

How responsive is Forex Sport’s customer support?

Forex Sport offers basic support via email, live chat, and phone, though availability is limited.

Trusted Score

4.1/5

Trusted Score

4.2/5

Trusted Score

4.5/5

Trusted Score

4.8/5