Forepay has license right???

https://forepay.co/

Forepay is not a regulated or licensed broker for traders even though it states offers that look good to be true.

Forepay claims to be owned and operated by Elysian Group LLC, a company registered with St Vincent & The Grenadines Financial Services Authority (SVG FSA) with company registration number 2359 LLC 2022. We indeed found a match results to Elysian Group LLC in SVG FSA, but please be informed that SVG FSA is not a forex regulator that issues licenses for forex brokers or regulates entities engaging in forex.

More importantly, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning against Forepay for not being authorized to provide investment services. You can check the full warning from here.

The truth is, Forepay is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Forepay and trade with licensed brokers.