Forwex (forwex.com) positions itself as a modern broker offering access to trading on financial markets. The website promises low commissions, a user-friendly interface and professional analytics. However, upon closer examination of the company, signs of fraud become obvious.

The first alarming point is the lack of a license. Any financial company operating honestly should be regulated by organizations such as the FCA, CySEC or ASIC. In the case of Forwex, no documents confirming the legality of the activity were found. This means that clients are left without protection, and the broker can disappear with their money at any time.

The anonymity of the project also raises suspicion. The website does not provide specific information about the owners, legal address and contact phone number. This is a typical sign of scam projects that hide information to avoid liability.

Forwex trading conditions and scam schemes

Forwex promises clients a wide range of trading instruments, low spreads and prompt support. However, user reviews say otherwise.

What problems do clients face? Transactions are often closed with a loss, even if the market price was moving in the right direction. Clients are convinced to invest more money by promising personal recommendations, which lead to losses. Users complain that unjustified payments are written off from their accounts.

In addition, the company uses aggressive methods of attraction. After registration, managers start calling clients, convincing them to make a deposit. However, as soon as the money is transferred, the attitude towards the client changes dramatically.

Problems with withdrawal of funds

One of the main problems with Forwex is the inability to withdraw money. Clients report that the broker comes up with various excuses to delay or even cancel the withdrawal of funds.

Here are the main ways in which Forwex blocks the withdrawal of money:

• Additional verification. After a withdrawal request, the company requires an endless number of documents.
• Demand for a “tax” before withdrawal. A classic fraudulent scheme: after paying the tax, the broker simply stops communicating.

Complete blocking of the account. After an attempt to withdraw money, the client’s account can be blocked without explanation.

If the broker requires payment before withdrawal or creates artificial obstacles, this is a clear sign of fraud.

Forwex customer reviews and reputation

You can find many negative reviews about Forwex on the Internet. Most clients complain about the inability to get their money back, manipulation of quotes and aggressive calls from “analysts”.

The main complaints of users:

• Deception with withdrawal of money. The broker simply does not fulfill withdrawal requests.
• False promises. Clients are convinced to invest more, after which they stop communicating.
• Fake positive reviews. Many comments look fake and are created to distract attention.

If a broker does not have a license and receives a lot of negative reviews, it is extremely dangerous to trust them.

Conclusion

Forwex is a broker with clear signs of fraud. The lack of a license, problems with withdrawal of funds and a large number of negative reviews make cooperation with them extremely risky.

If you do not want to lose your money, choose only proven brokers with a license and transparent working conditions. Do not trust companies that hide information and promise guaranteed profits.