Forex Trend

The broker tries to convince clients that his main goal is transparency of work, but in reality this is just the persuasion of scammers. On the Internet, reviews about Forex Trend are mostly written by deceived clients.

The trader says that there are only negative impressions about Forex Trend. And the online reviews are also terrible, with all their pitfalls. The broker cheated a lot of people out of money and did not hesitate to create a second office with the same conditions. Fraudsters cheated me out of $2000.

The client writes that the total amount was $2,600 and after the verification procedure only $800 was withdrawn. The remaining funds were never paid. This case was a long time ago, but it teaches young guys well that even a seemingly cool company can screw them at any moment convenient for them.

The user reports that this is the SCAM of the century. Forex Trend – MMM of the 2000s. At first they allowed us to invest and the more, the better. They constantly told us to increase the investment. They promised a huge income and even allowed me to withdraw some of the funds at first. And when the client wanted to withdraw all the money to the balance, he realized that he was working with a pyramid.

The client says that they only allowed him to earn money at the beginning. Classic pyramid. Only after the user’s income was equal to the amount of investment did manipulation of the accounts begin. Some were delayed in payments, others were outright scammed. The trader did not manage to take all the money, but he snatched 80% of the investment. Many people don’t even get 10% back.

All this suggests that you need to be very vigilant and careful, study and clearly understand the operating principles of the company to which you are going to entrust your money, analyze them more deeply, and not limit yourself to what is written in the advertisement. But if such an unpleasant situation happens to you, then you need to turn to specialists and they will help you.

Terms of cooperation

Scammers like Forex Trend lure clients through social networks. There they lure people with beautiful stories about the “mountains of gold.” Many users believe that the company can truly provide a profitable platform where they can earn both active and passive income. Fraudsters assure potential users that the project will help beginners build an online business. Allegedly, they will be able to take special courses that will help them quickly understand all the intricacies of trading. After this, they will be able to fully trade on the Forex Trend official website, using various effective financial instruments. Immediately after the victim is hooked, the scammer convinces the client to create a personal account with Forex Trend. The registration form is on the official project page. You must enter personal information in the form. Next, an employee will call you back and tell you in detail about the terms of cooperation. The first condition for conducting a full-fledged transaction on the platform is to deposit a certain amount of money into your personal account. According to the Forex Trend network, investments start at $10. In this case, the consultant will convince you to invest more money in order to get greater profits. However, the income at best will be equal to the amount of the deposit. As soon as the user begins to doubt the feasibility of such cooperation, the fraudster begins to drain money from the client’s balance. At the same time, scammers threaten deceived traders, telling them that they can say goodbye to their money and that the company is not responsible for any losses. In fact, users do not have the option to withdraw their money. After all, the Forex Trend scammers have not set up their platform so that traders have at least a chance to get their deposits back. At the same time, it is possible that in order to withdraw their money, clients may be required to pay a commission. However, in practice this does not help at all.

Licensing

The Forex Trend company page states that there are several regulators at once. It is alleged that the scammers have the support of the most influential companies. Among them are CySEC and the State Securities Commission. However, as it turned out, the project has nothing to do with these authorities. Its activities are not officially registered anywhere, and no one monitors the work of the site. Therefore, talking about licensing is pointless. The scammers decided not to bother with fictitious licenses, at least for financial activities. They simply ask gullible users to provide money without any guarantee of profit. There is no mention of other required documents such as a user agreement, privacy policy or risk statement. Although scammers recommend that you read some terms and conditions, they are not advertised and have no legal force. Sharaga does whatever he wants and then simply abandons his victims.