Brokers  /  Koderan Forex

Koderan Forex

High risk
🇧🇿 Belize · 5-10 years · since 2017-11-20 · Koderan Forex Inc
FSPR
Visit site ↗
—/5
★★★★★ ★★★★★
20 reviews ›
1
Licenses ›
22
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
53/100
Scam risk ›
1
Clone sites ›
▲ 0% positive▼ 100% negative
Independent ratingshow third parties score this broker
WikiFX1.62/10
Trustpilot—/5
Forex Peace Army—/5
53
High risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Registered in Belize (offshore, light oversight)
  • 16 user exposure/complaint reports filed
  • Withdrawal complaints in ~110% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing5535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration808%
Transparency (site/info/social)7510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameKoderan Forex Inc
Headquarters🇧🇿 Belize
Founded2017-11-20
Years operating5-10 years
Employees0
Official websitekoderan.net
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
FSPRInst Forex Execution (STP)404486New Zealand—

Review analysis AI

Across 20 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (22 reports) — the classic warning sign in forex. We also found 1 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users complain about
Where reviewers are from
Hong Kong20

Real user reviews

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About Koderan Forex

Koderan Forex is a forex and CFD broker based in Belize, with records dating to 2017-11-20. It reports oversight from FSPR.

FXCanary’s verdict is “Elevated.” There are enough red flags that we’d urge caution before depositing.

Finally, beware of impersonation: we tracked 1 clone website(s) copying Koderan Forex. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full Koderan Forex review