✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in ForbesTrader. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about ForbesTrader and we will tell you why we reached such a conclusion:
Basic Information
| 🌐 Website | forbesttrader.com |
| 🏠 Company | Unmentioned |
| ️ Regulatory | Not regulated |
| [email protected] | |
| 📈 Leading | ForbesTrader |
| 📌 Direction | Unknown |
⚠️ ForbesTrader does not mention the legal name of the company to which it belongs and despite the fact that they mention the BaFin and FSA regulations, we have not found precise information to corroborate it. This is a sign that indicates that it is possibly a scam company. ⚠️
Account types
Now we will analyze the types of accounts that ForbesTrader offers, in this case, we observe that it offers 4 different types of accounts:
| Account type | Minimum initial deposit |
| Beginner | $250 |
| Standard | $2.500 |
| Premium | $10.000 |
| VIP | $50.000 |
Information on the web
ForbesTrader provides a basic explanation of the financial products it offers, market news and analysis, FAQ section, not really much more than this.
List of phone numbers
At the moment we have not found phone numbers.
🚫 ForbesTrader Final Rating 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH ForbesTrader.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
Updates
News on ForbesTrader:
| Date | Update – news |
|---|---|
| November 2022 | Complaint against ForbesTrader of FINMA. |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with ForbesTrader.
At the end of the review you will find customer comments.
How to Claim Money Scammed by ForbesTrader
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report ForbesTrader
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
How can I report ForbesTrader?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is ForbesTrader a scam – is it scam?
Yes. We believe ForbesTrader is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is ForbesTrader trustworthy?
No. ForbesTrader is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from ForbesTrader?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to ForbesTrader?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
no one invests a single euro in these people… look at this finma report
finma.ch/en/finma-public/warning-list/forbestrader
Hi Isabella Sole, thanks for commenting on ForbesTrader. This broker is a SCAM. Do not send them money, they want to get as much money as possible from you with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To recover your money, try our CHAT or in the FORM of this link: CLAIM YOUR MONEY
Greetings.