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Forex.com

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    Forex.com - broker review, search for reviews, scam algorithm, how to get your money back

    The official website of Forex.com really looks decent, apparently the management of the organization is banking on this. Regarding registration, the office address is indicated on the portal – Hadjikyriakion Building 1, 121 Prodroou Avenue, 2064 Strovolos 1st Floor, Office 123/124, Nicosia, Cyprus. If you enter a location online, you will be faced with the fact that more than one company operates at this address. This is a favorite address for scammers. In addition to the fact that it is offshore, it is also a favorite location for scammers.

    Regarding communication methods, the hotline number and mail are indicated. In reality, support only makes contact if the company directly requires it. Simply put, users who ask questions after replenishing their account will be left without a solution to their problem. Since the trader has already deposited money and is waste material for the broker.

    Status

    SCAM-Broker

    Year of foundation

    1999

    License

    No

    Side

    Cyprus

    Website

    forex.com

    Contacts

    Hadjikyriakion Building 1, 121 Prodroou Avenue, 2064 Strovolos 1st Floor, Office 123/124

    +357 220 900 62

    [email protected]

    Pros
    • Low entry threshold
    • Popularity
    • Large selection of tools
    Cons
    • Problems with withdrawal
    • Negative reviews
    • Few ways to withdraw money
    Min Deposit

    $250

    Trading platforms

    MT4, MT5, WebTerminal, MobileTerminal

    Features of the project

    The office offers “excellent” trading opportunities for traders

    Bonus

    Yes

    Deposit/withdrawal

    VISA, MasterCard, Bank of Transfer, Skrill, Neteller

    Affilate program

    Yes

    About Forex.com

    Since the trader has already deposited money and is waste material for the broker.

    Internal documentation automatically loses legal force. Since the broker acts as an illegal office, as a result traders may not expect transparency and honesty. The privacy policy and user agreement may be adjusted and not even respected by the company. After all, violation of the points specified there will not entail any consequences for the broker. After all, there is no body that would regulate the activities of the office.

    Of course, we checked the register of the Central Bank of the Russian Federation. There is not a word about our organization in the list of licensed projects. Automatically we get a company that violates the prescribed norms and standards regarding the financial market. So for domestic Forex users. com is not the best solution.

    Terms of cooperation

    From what we have learned, the company offers the following:

    • MetaTrader 4 terminal;
    • types of trading accounts: Standard, MT4, DMA. And again, without any specifics;
    • leverage up to 1:200, which increases both potential profits and risks;
    • Fees apply for account inactivity, currency conversion and stock CFD trading. Commissions for trading on the DMA and CFD shares account are higher than the market average;
    • bonuses are given and there are promotions. The latter is offered to new clients, but the conditions for fulfillment can be complex.

    In this case, opening a personal account on Forex.com is done blindly, since the official website does not contain any specifics regarding the terms of cooperation. The specified types of accounts are not very detailed. In general, the description is superficial, which allows scammers to easily manipulate and scam clients.

    Please note that the conditions for working out bonuses must be specified; there is not a word about the nuances of the promotions. This is an indication that the company is thus preparing a platform for further manipulation of clients.

    Fraud scheme

    The Forex.com broker is accused of forcing clients to fund their accounts using mobile phone calls. There are plenty of complaints about accounts being blocked without warning. Cases of using fake quotes that benefit only the broker are mentioned.

    It should be noted that technical support does not work as stated on the official website. The portal contains fake legal addresses and contact information. Support contacts only if the company needs it directly.

    Deception methods are based on the following steps:

    • illusion of successful trading. Initial deals may appear successful to entice clients to invest more.
    • blocking of accounts and lack of feedback. Complaints about blocked accounts and lack of communication with the company after loss of funds.
    • false promises. Promises of high income without any real basis.

    Overall, the Forex.com review showed that this is the most classic scam there is. The management did not create something unique and special.

    In general, we are dealing with the most banal cuisine. The company manipulates clients, promises one thing, but in practice does not implement anything. Just write to us, our managers are ready to talk in detail about all the intricacies of chargeback.

    Expert opinion

    Eugene Rudenko

    During the analysis process, companies are traced serious problems with Forex.com, including forced deposits, account blocking, use of fake quotes, false promises, lack of necessary licenses and documents, and inaccurate contact information. These are classic signs of fraudulent trading activity.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Forex.com reviews from ex-users

    We are faced with the fact that there are very few comments online. As a result, it is difficult to analyze the company in order to fully understand the features of its functioning. So below are some sample stories. So, Maxim personally became convinced of the terminal slowdown, which leads to loss of money. Support does not function as promised.

    Irina encountered delays at the stage of withdrawing money. All attempts to obtain a clear answer regarding this problem have brought no results. Bonuses are not available at all.

    In most cases, clients cannot withdraw money. All attempts are canceled or ignored altogether.

    The site’s trust level was 15. Considering the stated length of service, there should be many more mentions on the network.

    Why Forex.com is a scam

    Below we bring to your attention a list of signs of divorce that we discovered during the process of analyzing the service:

    • psychological impact on account replenishment through contact with a potential client;
    • profile blocking without warning;
    • ignoring messages from managers regarding the withdrawal of money and commissions;
    • fake quotes.Providing distorted information about quotes that are beneficial only to the broker;
    • There are no official documentation in the form of licenses and certificates;
    • providing false or inaccurate contact information;
    • registering a company in an offshore zone, which already increases the risk of losing money;
    • Negative customer reviews are direct evidence that the company is scamming people out of money.

    In general, cooperation with Forex.com will only lead to losses.

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    FAQ

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    Does the opinion of a broker's clients affect its reputation?

    The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about forex.com are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.

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    How to write a review about cooperation with forex.com on the website?

    To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.

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