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.