Business Description
Our vision is to be the leading online brokerage review authority.We aim to provide reliable, trusted, and unbiased online broker reviews to readers worldwide. Making it easy-to-understand, and relevant to each country's unique local rules and regulations.
ForextoStocks.com was established in 2020, after witnessing the rise of forex scams since the start of Covid-19 pandemic. Where people were rushing into the financial markets with the hope of making their ends meet due to job losses. At first, we thought that the problem lies in unregulated brokers who used aggressive marketing techniques to lure untrained and unsophisticated laypeople to their platforms, promising some sorts of getting rich schemes.
However, this may be true in the U.S. and some other advanced countries with strong financial regulation such as CFTC, MAS, FCA. And people should spend a little bit of time checking their brokers before starting an account with them.
But the rest of the countries, this is not the case. In part, some brokers are regulated in certain countries but unregulated in the countries the traders are in. And to make things worse, some countries are even outright against Forex trading, making it difficult to tell if the nationalities are legally allowed to trade Forex. Without domestic financial authority protecting their traders, many are always looking for offshore online brokers -- although unlicensed in their home country -- yet regulated somewhere by certain globally trusted financial institutions. Hopefully, they would land on one where it would work out fine. We hope to solve this problem by providing readers with accurate online brokers reviews so they could avoid the bad apples.
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