Forex Broker Forex Sport Trading Review

Performance Matrix

Main Score & Risk Matrix

#24

Score

8.1

Excellent

Forex Sport is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 8.3

Business 7.6

Risk Control 7.9

Software 8.6

Regulatory 8.1

Terminal Snapshot

Forex Sport Trading Conditions

Registered Region Australia

Operating Period 10-15 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email admin@forexsport.com

Contact Number +610390081880

Website www.forex-sport.com

Balanced Review

Pros & Cons

Pros

Regulated by Australian Securities and Investments Commission (ASIC)
Diverse trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
Multiple trading platforms: MetaTrader 4, MetaTrader 5, web version, and mobile app
Competitive trading conditions with low fees and flexible account types
Exceptional customer support with various contact methods

Cons

Limited regulatory transparency and oversight
Slow customer service response times
Restricted support for cryptocurrency trading
Lack of advanced educational resources
No automated trading system support

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Forex Sport	DBG Markets	IC Markets Global	AvaTrade
Operating Period	10-15 years	See review	See review	See review
Region	Australia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	8.1/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Forex Sport Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners	Lower capital requirement, user-friendly	Suitable for small-capital practice
ECN Account	Experienced Traders	Tighter spreads, fast execution	Requires higher trading volume
Demo Account	All Traders	Risk-free trading environment	Useful for practice without risk

Account Opening Process

To open an account with Forex Sport, follow these steps: first, submit your personal details, including your full name, email address, and password. You will need to agree to the terms of service and privacy policy. Next, verify your email by clicking the link sent to your inbox. After that, upload identity documents and proof of residence for KYC verification. The account offers flexibility, allowing you to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major & Minor Pairs)	1.2	$0 (Variable depending on account)	Competitive spreads for all pairs
CFDs (Stocks, Indices, Commodities)	Varies	$0 (Variable depending on account)	Flexibility across different instruments
Cryptocurrencies	Varies	$0 (Variable depending on account)	Access to major cryptocurrencies

Other Fees

Forex Sport may apply various fees, including deposit and withdrawal fees, which can vary based on the payment method. Inactivity fees may also apply if an account is dormant for an extended period. Additionally, platform usage fees and overnight interest (swap rates) could be charged, and currency conversion fees might apply for transactions involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Forex Sport is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Forex Sport User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

20%

4 star

60%

3 star

12%

2 star

4%

1 star

4%

Michael Johnson

Sydney

★ ★ ★ ★ ★

Forex Sport has been a reliable broker for my trading needs. The MetaTrader platforms are user-friendly, and I appreciate the quick execution of trades. I also found the customer support to be quite responsive when I had questions about my account. Overall, a solid experience so far.

Sarah Lee

Melbourne

★ ★ ★ ★ ★

I’ve been trading with Forex Sport for over a year, and I couldn’t be happier. The variety of trading instruments available, especially in Forex, is excellent. Their customer service is top-notch, and I always feel like my queries are handled promptly. Highly recommend for both new and experienced traders!

David Smith

Brisbane

★ ★ ★ ★ ★

I have faced significant delays with my withdrawal requests. It took much longer than expected to receive my funds, which was quite frustrating. Additionally, the customer service response times can be slow, which adds to the stress. I hope they improve these aspects.

Emily Carter

Perth

★ ★ ★ ★ ★

I had a terrible experience with Forex Sport. I felt misled during the account setup, and my attempts to reach customer support were met with long wait times. Ultimately, I was unable to access my funds when I needed them, which is unacceptable. I do not recommend this broker.

Australia Market