Once again, we’ve stumbled upon another addition to the ongoing list of deceitful websites orchestrated by a notorious scam syndicate. Legitimacy is nowhere to be found here; it’s a web of corruption meticulously designed to ensnare unsuspecting traders.
Such entities tarnish the reputation of the entire industry. Our ForrestFX review aims to unveil the inner workings of these swindlers and provide guidance on selecting a trustworthy broker for your trading endeavors.
Owned by Well-Known Offenders
ForrestFX is under the control of Smart Solution Corp, a syndicate of hardened cybercriminals with a history of orchestrating multiple fraudulent websites. Notably, each of these sites has earned a place on blacklists, beginning with the parent company itself.
The roster of Smart Solution Corp.’s dubious ventures includes Trubyx (blacklisted by CBR), Invest505 (blacklisted by AFM and IOSCO), and ForrestFX, which has found itself on blacklists maintained by CONSOB, CNMV, FSMA, IOSCO, and A-TVP.
Despite ForrestXF’s claim of being incorporated in the Marshall Islands, no trace of it can be found within the GLOFSA register. The company also asserts that it operates from the UK, but neither the Companies House nor FCA possesses any records pertaining to it.
Entities lacking regulation, such as Bitexfy, are often predisposed to abscond with your funds, leaving you high and dry.
Exploiting Novices
The deceitful organization behind forrestfx.com specializes in illicit activities, preying on inexperienced traders and extracting money from them. Since the inception of their most recent venture, a growing number of victims have emerged from countries including the Netherlands, Sweden, the United Kingdom, Israel, and Australia.
It’s essential to recognize that the enticing offers presented by persistent phone agents, which may sound like once-in-a-lifetime financial opportunities, are far from reality. These are carefully crafted to manipulate individuals into making deposits and subsequently losing them.
Manipulative Reviews
A common tactic to boost their reputation is the misuse of paid reviews. The Trustpilot page linked to this company serves as another testament to this practice. Through the acquisition of positive ratings, fraudsters artificially elevate their credibility, making it easier to deceive those who are less decisive.
If this trading platform were genuinely reputable, it would enjoy a broader presence across various review websites. The fact that their artificial ratings are primarily confined to a single review site underscores the unscrupulous methods at play.
Conclusion
In conclusion, ForrestFX represents a deceptive and unscrupulous operation that targets inexperienced traders, leaving them financially vulnerable. The organization behind the forrestfx.com website has a history of illegal activities, and victims have emerged from various countries, including the Netherlands, Sweden, the United Kingdom, Israel, and Australia. Their alluring deals, often presented by pushy phone agents, are designed to manipulate individuals into making multiple deposits and ultimately losing their funds.
Furthermore, the use of paid reviews, particularly on platforms like Trustpilot, is a tactic employed to artificially bolster their reputation. The lack of a broader presence on reputable review websites suggests the dubious nature of their operations.
In light of these findings, it is imperative to exercise caution when considering involvement with ForrestFX, as they operate within a web of deceit and exploitation. Traders should seek out regulated and trustworthy alternatives to protect their investments and financial well-being.
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