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Forex LTD broker – reviews of fraud and violation of customer rights
Forex LTD is a company providing online trading services since 2002. It has earned the attention of customers due to attractive trading conditions that meet international standards. However, despite its long history and commitment to customer satisfaction, the company has faced criticism and suspicions of fraud. Some sources claim that the company uses fraudulent schemes and does not pay out funds to investors.
|Year of foundation
|Regulation and jurisdiction
20-22 Wenlock Road, London, England, N1 7GU
+44 20 3872 8288
- The official website is not working
- Rudeness of technical support
- Fraud with quotes
|Types of accounts
USD, EUR, GBP
Bank transfers, electronic wallets
$100 – $500
1:100 – 1:500
From 1 point
Currency pairs, CFDs on shares, indices
|Competitions and bonuses
Deposit bonuses, trading competitions
Forex LTD Broker Summary
Organization LTD Forex founded in 2002 and registered in the UK. The company’s main office is located in London. Contact details:
- office visit;
Users write about the lack of competent service in the office Forex LTD official website brokerage firm does not work, so it is impossible to contact support managers. They ignore customer requests, which creates difficulties in returning investment capital.
The company offers a wide range of services, including Forex and CFD trading, as well as training, publication of financial news and technical analysis results.
Forex LTD claims a number of advantages:
- online market quotes without delays;
- competitive trading conditions;
- the ability to simultaneously open multi-directional positions on one instrument and transfer transactions overnight without re-opening.
Very dubious statements that can be easily disputed. The accuracy of quotes is questionable, because scammers hide information about liquidity providers. Scammers control prices at their own discretion, leaking user transactions.
NDespite the stated benefits, there are serious allegations against the counterparty related to fraudulent activities and non-payment of funds to clients. These allegations undermine the company’s credibility and require careful consideration by potential customers.
Trading conditions of the broker Forex LTD
MetaTrader 4 (MT4) – aboutmain trading platform offered Forex LTD. The terminal is widely known among traders due to its reliability, user interface and wide range of functions. MT4 supports trading of currency pairs, CFDs and other financial instruments. The platform is available in desktop, web and mobile versions.
Scam broker offers two main types of trading accounts:
- 10K: account designed for beginner traders. The minimum deposit to open such an account is $200;
- 100K: Aimed at more experienced traders with higher trading requirements. The minimum deposit to open a 100K account is $20,000.
Scam offers the opportunity to open a demo account, which allows new clients to practice trading without the risk of losing real funds. However, on a training account, all trades are closed in profit. Scammers set up positive results, motivating beginners to invest real money in trading more actively.
Terms of trade
- mminimum deposit: from $200;
- Toleverage: 1:100. this means that traders can increase their trading positions by up to 100 times the amount of their initial deposit;
- withPrevious: The kitchen offers fixed fees starting from 3 pips for currency pairs. For CFDs, spreads range from 1 to 5 pips;
- dAdditional instruments: the company offers CFDs on shares, as well as trading in metals and indices;
- mDeposit and withdrawal methods: Skrill, PayPal, WebMoney, Liqpay, bank transfers, as well as VISA and MasterCard credit and debit cards.
This is not enough for profitable trading. The problem is the company’s inability to send orders to the interbank market. In fact, scammers work in the format of a forex kitchen, which only increases the negative attitude towards Forex LTD Investments opening an account will only harm the trader, because he will lose his own savings.
Forex LTD broker exposed
Recently around the broker Forex LTD Many accusations and suspicions have accumulated, pointing to possible fraud in his activities. Below are the key disadvantages of working with this company and signs of fraudulent activity.
One of the main signs of dishonesty of an office is the lack of transparency in its operations. Despite claims to be registered in the UK, details of the company’s licensing and regulation remain unclear. This raises doubts about the legitimacy and reliability of the broker.
A similar problem can be seen in all jurisdictions, including the Russian Federation. In words, the broker is ready to serve Russians, without having a license from the Central Bank. Work without this document makes the project illegal. However, scammers are ready to do anything to get investors’ money.
Many users are reporting problems with withdrawing funds from their trading accounts. Delays or complete absence of payments are a classic sign of fraudulent activity in the CFD trading industry.
There are a significant number of negative reviews from customers who complain about unprofessional service, manipulation of trading accounts and lack of support from the company. Such comments increase suspicions of dishonesty Forex LTD personal account It’s still better not to open it here.
Clients often point out opaque trading conditions, including hidden fees and unexpected changes in trading conditions. This indicates the broker is trying to manipulate trade in his favor.
Forex LTD uses aggressive and often misleading marketing strategies to attract new customers. Promises of high returns without risks are a common technique used by scammers to attract unprepared investors.
There have been reports that the company is associated with other dubious and potentially fraudulent projects. Behind the creation of the project are serial scammers who have the whole essence of SCAM projects.
In light of the foregoing facts, potential clients should exercise extreme caution when considering doing business with Forex LTD. The platform was initially launched to scam traders out of money. Therefore, scammers will continue to evade their financial obligations. You can’t count on payments.
The company engages in fraud by removing stop orders and siphoning off potentially profitable customer transactions through manipulation of financial asset quotes. Scammers are not interested in making money on spreads and commissions. Forex LTD prefers to pocket the trader’s investment capital. It is better not to mess with this forex kitchen.
Reviews of the broker Forex LTD
Analysis of broker reviews Forex LTD identifies serious issues and signs of fraudulent activity that are of significant concern. Many customers encounter problems when trying to withdraw their funds, which is one of the most obvious signs of fraud. Delays and complete lack of payments undermine trust in the company and indicate its dishonesty.
IN Reviews often mention unprofessional communication from customer support staff, including rude behavior and unfounded accusations of fraud. This attitude towards clients is unacceptable and indicates a low level of corporate culture and customer service.
Complaints about manipulation of trading accounts deserve special attention. Customers report strange trades and problems with the trading terminal, resulting in significant financial losses. This indicates deliberate actions on the part of the broker aimed at draining client deposits.
Traders also express doubts about the fairness of trading conditions, citing manipulations with prices and charts. This raises questions about transparency and integrity of operations Forex LTD reviews also highlight the lack of adequate support from the broker, especially in situations where users need help or advice.
Comments from traders confirmed not only reputational problems, but also the work of the project in the format of a forex kitchen. Sharaga is trading against investors. What makes it impossible to make money with Forex LTD review company indicates its insolvency.
Traders prefer to refuse services Forex LTDbecause the company is unable to meet its financial obligations to investors. If you have any difficulties getting your money back from this office, write to our chargeback experts, they will tell you in detail how to act in such situations in order to compensate for losses.
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