Global Broker Regulation Inquiry App
About WikiFX

Score

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

Forthright Securities

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

https://www.forthrightsec.com

Website

Rating Index

Influence

Influence

C

Influence Index NO.1

Nigeria Nigeria 3.24
Surpassed 15.60% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+234 708 806 0085
https://www.forthrightsec.com
No 13, Atinuke Olabanji Street Off John Olugbo Street, Ikeja, Lagos

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
Nigeria
Operating Period
5-10 years
Company Name
Forthright Securities & Investments Limited
Email
info@forthrightsec.com
Contact Number
+2347088060085
Business Region
Verified Site
About Us
Wiki Q&A
Comment

Users who viewed Forthright Securities also viewed..

Mitrade

Mitrade

8.61
Score
10-15 yearsRegulated in AustraliaMarket Making License (MM)Self-developed
Mitrade
Mitrade
Score
8.61
10-15 yearsRegulated in AustraliaMarket Making License (MM)Self-developed
Official Website
Neex

Neex

8.64
Score
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Neex
Neex
Score
8.64
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
taurex

taurex

8.49
Score
5-10 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
taurex
taurex
Score
8.49
5-10 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
VT Markets

VT Markets

8.68
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
VT Markets
VT Markets
Score
8.68
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Verified Site

  • forthrightsec.com
    50.22.83.39
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

Forthright Securities Review Summary
Founded2004
Registered Country/RegionNigeria
RegulationUnregulated
Market InstrumentsEquities and fixed income securities
Demo Account
Trading Platform/
Min Deposit/
Customer SupportContact form
Tel:+234 708 806 0085 / +234 810 852 3236
Email: info@forthrightsec.com / customerservice@forthrightsec.com / brokerageteam@forthrightsec.com
Facebook, Instagram, Twitter
Address: No 13, Atinuke Olabanji Street Off John Olugbo Street, Ikeja, Lagos

Based in Nigeria, Forthright Securities & Investments Ltd. offers a diverse range of services including security dealing, participation in the NASD OTC Exchange, specialized offerings like FORTH-ReconS and Forth Wealth Builder Account, and access to the ForthTrader online trading portal. However, it has no regulations and lacks specific transaction information.

Forthright Securities' homepage

Pros and Cons

Pros Cons
Diverse range of services and specialized productsUnregulated
Comprehensive customer supportLimited info related to funding and fee schedules

Is Forthright Securities Legit?

Forthright Securities lacks valid regulatory oversight. Without proper regulation, its operations lack transparency and accountability.

No license

What Can I Trade on Forthright Securities?

For security trading, they offer trading in equities and fixed income securities.

For NASD OTC Exchange, they offer primary and secondary trading and dealings of equities of unquoted public companies and other asset classes.

What Can I Trade on Forthright Securities?

Account Type

Forthright Securities offers Forth Wealth Builder Account.

This account is an investment plan that allows investors to regularly contribute towards purchasing shares listed on the Nigerian Stock Exchange.

It is designed to help individuals, including employees, Nigerians in the diaspora, businessmen, cooperative societies, and even children saving towards specific goals, build a substantial long-term investment.

Investors are encouraged to hold their stocks for at least two years, benefiting from professional stock selection advice and no management fees beyond standard trading fees on the NSE.

Account Type

Company Profile

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

Wiki Q&A

Is Forthright Securities safe and reliable?

According to the WikiFX assessment, Forthright Securities & Investments Limited receives a low comprehensive score of 1.56. The broker currently operates with no formal regulatory oversight, which is a critical factor in evaluating safety. This lack of regulation significantly increases counterparty and fund security risks. While operational longevity of 5-10 years is noted, the absence of a credible regulatory framework means the entity cannot be considered safe or reliable by standard financial industry benchmarks.

Two days ago
United States

Is Forthright Securities regulated?

Forthright Securities is not regulated. The company holds no valid licenses from any major international financial regulatory body. The WikiFX platform confirms an empty Forex License registry and a regulatory index of 0.0 for this entity, indicating a complete absence of formal financial oversight.

Two days ago
United States

What is the minimum deposit of Forthright Securities?

Specific minimum deposit requirements for Forthright Securities are not publicly disclosed. The lack of transparent trading conditions is a factor prospective traders should note when evaluating the broker.

Two days ago
United States

Does Forthright Securities support MT4 or MT5?

There is no available public information indicating that Forthright Securities offers the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. The absence of details on its trading software is a gap in transparency.

Two days ago
United States
View More
Post a Review
Exposure
Exposure
Neutral
Neutral
Positive
Positive

Share your experience

Required...

Submit Now
Write a Review
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com