ForexSP Company Overview

　　

Founding Date and Background

　　ForexSP is an internet brokerage and investment company that facilitates trading in the foreign exchange market and commodities. Although specific founding dates are not clearly indicated in the available data, ForexSP operates under the trading name of Spot FXIT Solution LLC, which is registered in Delaware.

　　

Parent Company/Ownership Structure

　　ForexSP is managed by Spot FXIT Solution LLC, which holds the registration number 6292479 in the state of Delaware. The ownership structure is not extensively detailed in the available information.

　　

Headquarters Location

　　The company is headquartered at 3422 Old Capitol Trail #700, Wilmington, DE 19808, United States. This location serves as its operational base for its online trading services.

　　

Global Business Scope

　　ForexSP targets a global audience, offering trading services to clients from various countries. The company claims to have over 20,000 customers who trust it for their forex trading needs. However, the lack of robust regulatory oversight may limit its appeal in certain markets.

　　

Main Regulatory Bodies

　　ForexSP claims to be authorized and regulated by the state of Delaware under the Securities Investment Business Law. However, it is essential to note that there is no valid regulatory information from major global regulatory bodies such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus), which raises concerns about the legitimacy of its regulatory claims.

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Company History and Development

　　

Key Milestones

　　While specific milestones are not documented, ForexSP has positioned itself as an experienced player in the forex trading market, claiming to have over ten years of experience in trading.

　　

Business Expansion Journey

　　ForexSP appears to have expanded its offerings to include not only forex trading but also commodities and other financial instruments. The company promotes its services through various online platforms.

　　

Customer Base Growth

　　ForexSP reports a daily registration rate of approximately 225 new clients, indicating a steady growth in its customer base. However, the lack of regulatory oversight may impact long-term retention and trust.

　　

Platform Development History

　　The company utilizes SSL-certified platforms to ensure secure transactions, although specific details about the trading platform's development and features are not extensively provided.

　　

Important Awards or Recognitions Received

　　There are no documented awards or industry recognitions for ForexSP, which may reflect its relatively low profile in a competitive market.

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Trading Services Offered

　　

Forex Trading Options

　　ForexSP offers trading in a variety of currency pairs, although the exact number of pairs available is not disclosed. The company claims to provide leverage up to 400:1, which is significantly higher than many regulated brokers.

　　

Stock Trading Options

　　ForexSP promotes trading in stocks; however, specific details about the types of stocks available or the number of options are not clearly outlined.

　　

CFD Trading Products

　　The company offers Contracts for Difference (CFDs), allowing clients to speculate on price movements without owning the underlying asset. However, it is important to note that CFDs are not available to U.S. residents.

　　

Other Financial Instruments

　　In addition to forex and stocks, ForexSP claims to offer trading in commodities and potentially cryptocurrencies, although specific details are lacking.

　　

Special Services or Unique Advantages

　　ForexSP provides a free demo account with a balance of $10,000 and claims to offer personalized training and support services, including one-on-one training with market experts. However, the effectiveness of these services is unverified.

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Regulatory and Legal Background

　　

Detailed Regulatory Information

　　ForexSP's regulatory status is questionable, as it does not have valid regulations from major financial authorities. While it claims to be regulated in Delaware, this does not provide the same level of investor protection as regulations from recognized bodies like the FCA or ASIC.

　　

Legal Entity Structure by Region

　　The primary legal entity is Spot FXIT Solution LLC, based in Delaware, with no clear delineation of operations in other regions.

　　

Client Fund Protection Measures

　　There is no mention of client fund protection measures, such as segregated accounts or insurance, which raises concerns about the safety of client deposits.

　　

Countries/Regions Served

　　ForexSP serves a global clientele but may face restrictions in certain jurisdictions due to its lack of regulatory compliance.

　　

Compliance History

　　There is no documented compliance history available, which could indicate a lack of transparency in its operations.

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Competitive Landscape

　　

3-5 Main Competitors

　　ForexSP competes with several brokers in the market, including:

• IG Group: A well-established broker known for its regulatory compliance and wide range of trading options.
• OANDA: Offers a robust trading platform and is well-regulated in multiple jurisdictions.
• AvaTrade: Known for its range of trading instruments and strong customer support.

　　

Positioning in the Industry

　　ForexSP positions itself as a low-cost, accessible broker with high leverage options. However, its lack of regulation and transparency may hinder its competitiveness in a market where trust and security are paramount.

　　

Market Differentiation Factors

　　ForexSP attempts to differentiate itself through high leverage, a free demo account, and personalized training services. However, the effectiveness of these offerings is questionable given the lack of regulatory backing and client protection measures.

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　　In conclusion, ForexSP presents itself as an internet brokerage with a range of trading services. However, potential clients should exercise caution due to its lack of regulatory oversight and transparency. It is advisable to conduct thorough research and consider alternative brokers that offer more robust protections and verified regulatory compliance. For more information on forex trading and broker options, learn more.