Thunder Forex detailed review – Offshore scam broker: be careful when you invest

Thunder Forex regulation?

Thunder Forex, an online Forex and CFD provider, is looking solid. The website shows that the company is attentive to all information and offers. It’s still an offshore company, so there are a few things you can ask.

Some brokers travel offshore in order to pay lower taxes and provide financial services to more clients. Others do it because there is no offshore regulation or they feel the need to.

Thunder Forex Ltd is the brand Thunder Forex Ltd. We can see that it does not follow regulations regarding leverage and keeping funds in separate accounts.

Why does a broker need a license?

Brokers who have a license are required to be more attentive to client funds safety and follow certain rules in order to minimize risks. Although it is impossible to eliminate all risk, regulation of leverage can help keep that risk at a minimum.

We found nothing about Thunder Forex regulation after we checked. This company is just like other offshore firms, hiding and avoiding strings.

Traders’ reviews of Thunder Forex

Reviews can’t be positive if the broker isn’t legitimate. Clients have complained about account managers who extort funds, withdrawal problems, excessive leverage that is not in line with regulatory standards, and many other things.

Where is the broker active?

Our investigation has revealed that the Thunder Forex scam is most active in:

• Germany
• Lithuania
• Portugal
• Switzerland
• Austria
• Cyprus

You can see, the EU countries are all included. Thunder Forex is a scam. Don’t fall for it.

Trading platforms – Trade software

Thunder Forex trading platform is one of the best things. The broker offers MT4, one of the most popular software.

MetaTrader 4 platform

MetaTrader 4 is a well-known platform that offers a wide range of indicators and charts to support social trading. This software is regarded as the best in the industry, alongside MT5. It is easy to use, the interface is intuitive, and even the most experienced traders will find tools that suit their trading strategies.

The problem is when a broker provides a poor platform. Spread and leverage are too high, which can ruin the platform’s potential benefits. This makes it risky to invest.

iOS and Android trading

Like any MT4, it also has a mobile application. It allows Android and iOS users to download the platform and view all trades.

All about Thunder Forex trading account

Thunder Forex broker does not offer account types. The listing includes all requirements to open a Live account and provide Demo.

Demo account

After providing your personal information, you can open a demo account. The demo account will give clients 10,000 units to test the environment and trade on the MT4. Virtual money investing is not the same as real money because you don’t have to risk any. Your struggle starts once you have the real money.

Live trading account

Live trading accounts require you to deposit at least $500. With a minimum deposit of $500, you can leverage up to 1:1400. There is a 3 EUR/$3.5 commission per lot. This is a high minimum deposit, as the standard is twice lower. However, some legitimate businesses have Micro accounts that require only $10.

Thunder Forex trading instruments and markets

Thunder Forex allows you to invest in these markets:

• Currency pairs
• Commodities
• Indices
• Shares
• Bonds

Strangely, cryptocurrencies are not part of the broker’s offer.

Thunder Forex deposit and withdrawal methods

Thunder Forex accepts a variety of payment methods including:

• Wire transfer – min. 500 EUR
• Netller and Skrill – 500 EUR
• 500 EUR Credit Card

This list shows that the deposit amount is 500 EUR rather than $500, which can make a significant difference due to fluctuations in the conversion rate.

Thunder Forex broker scammed you? Tell us about your experience with Thunder Forex broker

Contact us if you believe that you have been a victim to the Thunder Forex scam. You may be able to get a refund from our chargeback specialists.

What is a chargeback?

This allows your bank to reverse fraudulent transactions and return your funds. For more information and to book your free consultation , please contact us via chat.

Thunder Forex: Video

Below you will find a short video about Thunder Forex. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about FVP Trade!