About Fake Horse Forex
Who is Fake Horse Forex?
Fake Horse Forex is an online brokerage entity registered in Australia, claiming to operate since 2020. The broker presents itself as a retail forex and CFD provider under the domain horse-fx.com. However, independent public information about the broker is extremely scarce, leaving potential clients with very limited verifiable details.
Regulation and Safety
According to publicly available records, Fake Horse Forex holds an ASIC (Australian Securities and Investments Commission) Forex Execution License (STP). However, the current status of this licence is not clearly indicated. ASIC is a well-known regulator, but without confirmation of an active licence, the level of regulatory protection for clients remains unclear. The broker has been assigned a high scam risk score of 85/100 by independent analysts, highlighting serious potential risks.
Company Background
Fake Horse Forex was founded on 9 December 2020 and is based in Australia. Beyond this basic registration detail, little is known about the company's management, physical office locations, or operational history. The lack of a substantial online footprint or user reviews raises questions about the broker's market presence and track record.
Account Types and Trading Conditions
No specific information is available regarding the account types, leverage, spreads, or minimum deposit requirements offered by Fake Horse Forex. The broker's official website may contain this information, but it was not accessible or verifiable through independent channels. Traders seeking to understand the trading conditions should approach with caution due to the absence of transparent data.
Trading Platforms and Instruments
Similarly, details about trading platforms (such as MetaTrader 4/5 or proprietary software) and the range of instruments (currency pairs, CFDs, etc.) are not publicly documented. Without clear information, evaluating the broker's trading environment is not possible from an independent standpoint.
Deposits and Withdrawals
Funding methods, processing times, and fees for deposits and withdrawals are also undisclosed in publicly available records. The lack of transparent financial operations further adds to the overall risk profile of this broker.
Conclusion - What Traders Should Know
In summary, Fake Horse Forex is a minimally documented broker with an ASIC licence registration but an unverified status. The high scam risk score and absence of independent reviews or detailed operational information suggest that traders should exercise extreme due diligence. Until more concrete evidence is available, this broker cannot be recommended for any trading activity.
Overview compiled by FXCanary from regulatory records and public data. full Fake Horse Forex review