Forex Prop Firm has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Forex Prop Firm found at www.forexpropfirm.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I looked into Forex Prop Firm and found they appear in the regulatory warnings database. Ontario Securities Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Several red flags with Forex Prop Firm: (1) They promise unrealistically high returns, (2) They're not registered with Ontario Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Ontario Securities Commission|Cannot verify credentials
I invested $3,500 with Forex Prop Firm 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 Ontario Securities Commission.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I signed up with Forex Prop Firm through a podcast recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Real-time alerts|Easy withdrawals|Two-factor authentication|Market news feed
Cons: No phone support on weekends
I had a dispute with Forex Prop Firm and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Good analytical tools|Easy withdrawals
Cons: Inactivity fee applies after 12 months
The platform at Forex Prop Firm is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for the past six months of dealing with this, I have had enough.
Pros: Reliable uptime|Regular updates|High security standards
Cons: Inactivity fee applies after 12 months|Wish they had more educational resources
I found Forex Prop Firm after hearing about them at a conference and the initial impression was positive. But for about five months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Personal attention|Competitive fees
Cons: Wait times can be long during peak hours
I wanted to transfer my portfolio from another broker to Forex Prop Firm. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Customizable dashboard|Competitive fees|Responsive team
Cons: Search feature is basic