ForbsChain Broker Review

ForbsChain Broker Review – ForbsChain.com Scam Hunts European Traders

However, ForbsChain continues to make false claims about legitimacy despite everything being off. Investing your funds is our cue to investigate everything so you can make an informed decision.

Read our unbiased ForbsChain review to learn everything you need to know!

Please take a moment to read our recently updated scam broker reviews of Trade SwisTrust, OrbitGTM, and WestpointFX. They are putting your funds at risk!

1. Scam Broker Status: Unregulated
2. Regulated by: Unlicensed company / Not regulated
3. ForbsChain.com is a scammer’s website.
4. Operational Status: Active Forex Trading Scam
5. The CSSF, FSMA, CONSOB, and Finanstilsynet Norway have listed this as a scam
6. Owner of the broker: N/A
7. Estonia is the country of headquarters.
8. The foundation’s founding year is 2020
9. WebTrader is one of the most popular online trading platforms.
10. Trading via mobile browser only.
11. A minimum deposit of $250 is required.
12. There is no deposit bonus.
13. Trading of crypto assets is available.
14. If you want to trade CFDs, you can do so
15. The following trading instruments are available: Forex (FX), commodities, indices, shares, and cryptocurrencies.
16. The maximum leverage is 1:30.
17. Accounts that are Islamic are available.
18. There is no free demo account available.
19. US traders are not accepted: US traders are not accepted.
20. Fraud Protection Experts’ Verdict: Don’t Invest in This Scam Broker!

ForbsChain Regulation – No Regulatory Oversight

As recently as a few months ago, ForbsChain claimed to be based in Luxembourg. Because the owner of the charade was never revealed, this information was difficult to verify. Despite this, the country’s regulator decided to expose the scheme and publish an official denialm hiding in Europe.

Questions About License – Reputation Problems

Not only is there no regulation for ForbsChain, but the broker also has exceptionally negative reviews. In our attempt to find out what clients think of the company, imagine our surprise when we discovered that all of the reviews were negative, referring to withdrawal issues.

Avoid ForbsChain trading scams if you want to keep your funds safe.

Furthermore, it would help if you excluded Act4Trades, Global Solution, and Capital Maximus from your list of potential brokers. You will save time, money, and nerves!

Warnings Against ForbsChain

According to Luxembourg’s regulatory authority, ForbsChain forex brokerage was the first to be exposed as a fraudulent entity. FSMA in Belgium, CONSOB in Italy, and Finanstilsynet in Norway issued similar warnings.

Scam Warning Issued by CSSF

As a result of false allegations about ForbsChain’s headquarters in Luxembourg, this regulator published that the company is not registered or related to Luxembourg.

Anyone involved should file a ForbsChain complaint immediately since it operates without a license.

Scammed By ForbsChain Broker? – Talk To Our Recovery Experts

Do not hesitate to contact us if ForbsChain has scammed you. Global Fraud Protection has helped recover funds for many victims as specialists in online trading fraud.

The Schedule a free consultation with one of our recovery specialists via our online chat service for more details.