Forever Capital

Forever Capital is a Saint Lucia-registered brokerage founded on March 26, 2024. The company operates from an address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. It presents itself as a multi-asset broker offering leveraged trading in forex, cryptocurrencies, commodities, metals, and indices. The broker is not regulated by any financial authority, which FXCanary considers a significant risk factor.

The broker targets international traders, particularly from regions like the Middle East, South Asia, and Oceania. Its marketing emphasizes accessibility, with low minimum deposits starting at $100 for the Classic account and a maximum leverage of 1:100. The platform used is MetaTrader 5 (MT5), a widely recognized trading terminal.

Forever Capital is not regulated by any known financial regulatory body. According to our records, no regulator is on file for this entity. The company's registration in Saint Lucia, a jurisdiction not known for stringent financial oversight, further raises concerns. FXCanary's Scam Risk Score for this broker is 52 out of 100, indicating an elevated risk level.

The absence of regulation means there is no external oversight of the broker's operations, no client fund segregation requirements, and no recourse through a financial ombudsman for traders. This lack of safety net is a primary caution for potential clients.

Forever Capital offers four account tiers: Classic, Standard, VIP, and ECN. The Classic account requires a minimum deposit of $100, the Standard $200, the VIP $500, and the ECN $1,000. All accounts share the same maximum leverage of 1:100. The broker claims spreads starting from 0.4 pips, though specific spread details per account are not published on the website.

The ECN account, with the highest minimum deposit, is typically aimed at more experienced traders seeking direct market access and tighter spreads. The Classic and Standard accounts appear designed for retail traders with lower capital. The VIP account sits in between, offering a middle ground.

The broker's official website lists available instruments as forex, cryptocurrencies, commodities, metals, and indices. It also mentions futures, options, equities, and mutual funds, though the extent of these offerings is unclear. The primary focus seems to be on forex and CFD trading across multiple asset classes.

Cryptocurrency trading includes major coins such as Bitcoin and Ethereum, likely in CFD form. Commodities include precious metals like gold and silver, as well as energy products and agricultural commodities. The range of indices covers major global stock benchmarks.

Forever Capital states it uses MetaTrader 5 (MT5) as its trading platform. MT5 is a popular multi-asset platform known for advanced charting, automated trading via Expert Advisors, and support for various order types. The broker provides a demo account for practice and a client portal for account management.

No proprietary platform or mobile app is mentioned. The reliance on MT5 may be a positive aspect for traders familiar with the ecosystem, but it also means the broker does not offer unique tools beyond what the platform provides.

Forever Capital's website does not clearly list accepted deposit and withdrawal methods. Industry databases suggest that common payment options for such brokers include bank wire, credit/debit cards, and cryptocurrencies, but this is not confirmed on the official site. Minimum deposits align with account tiers: $100 for Classic, $200 for Standard, $500 for VIP, and $1,000 for ECN.

The lack of transparency on funding methods and withdrawal policies is a notable limitation. Traders are advised to verify these details directly with the broker before committing funds.

The broker's website offers contact forms and live chat functionality, but no direct phone numbers or physical office details beyond the Saint Lucia address. The website states it serves clients in multiple languages and regions, suggesting a multilingual support team. Response times and quality are not independently verified.

The absence of a comprehensive support section or FAQ on the site may make it difficult for traders to resolve issues quickly. Given the broker's unregulated status, responsive customer support becomes even more critical.