Forex has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Forex (Forex Crow your Money) has a website (www.btccoin.biz) and is using the following contact information:
E 104 Ram Nagar Road, Uttam Nagar Metro Station, New Delhi - 110078, India ( Near Pillar No 708)
Telephone: 7840027888
E-mail: [email protected], [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.btccoin.biz.
I invested $15,000 with Forex after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Finansinspektionen.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I opened an account with Forex since early this year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Full transparency|No hidden fees|Fast execution
Cons: Charting tools need more indicators|Email notifications too frequent
My withdrawal from Forex was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over a year of being strung along.
Pros: Clear documentation|Competitive fees|Fast deposits
Cons: No live chat on mobile
Forex had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Multiple order types|Comprehensive tools|Social trading features
Cons: Charting tools need more indicators|Minor UI glitches occasionally
Forex advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Good mobile app|Good analytical tools
Cons: Cannot customize dashboard fully
My card was charged twice by Forex on the same day. I had to dispute it with my bank. Forex then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Excellent charting|Fast execution|Low minimum deposit|Copy trading available
Cons: Inactivity fee applies after 12 months|Limited social trading features
The platform itself is okay, but the customer service at Forex is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Educational resources|No hidden fees
Cons: Alert system is basic
After seeing ads for Forex online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Finansinspektionen. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Flagged by Finansinspektionen|Cannot verify credentials