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Forbes Capital

Operating status: Unregulated
Website: https://www.forbestrading.com/
High-Risk Active
Broker violations and abnormal records
  • Dec 14, 2022 BrokersView has Reviewed that Forbes Capital is an Unregulated Broker

    Forbes Capital claims to be founded by forex and information security industry veterans with over 10 years of experience while presenting neither details about its company office address and regulations, nor legal documents (terms & conditions, risk disclosure, privacy policy, etc.). Lacking such vital information is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. The truth is, Forbes Capital is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Forbes Capital claims to be founded by forex and information security industry veterans with over 10 years of experience while presenting neither details about its company office address and regulations, nor legal documents (terms & conditions, risk disclosure, privacy policy, etc.). Lacking such vital information is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. The truth is, Forbes Capital is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Feb 02, 2023 The Securities Commission Malaysia (SC) Added Forbes Capital into Its Investor Alert List

    In 2022, the Securities Commission Malaysia (SC) issued a warning against Forbes Capital that this firm is carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list

    In 2022, the Securities Commission Malaysia (SC) issued a warning against Forbes Capital that this firm is carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list

Related Complaints

Q&A Complaints

His true or scam

Den
Malaysia
Sep 21, 2023
ANSWER Forbes Capital is a scam broker that BrokersView has warned about as early as 2022.According to our records, Forbes Capital claims to be a forex broker with years of experience. However, its domain "forbestrading.com" was first registered in July 2022. This discrepancy between the website's age and its claim raises a red flag. Investors must be alert that it may be a scam.When it comes to its regulatory status, Forbes Capital fails to disclose any information. It is a significant scam indicator, as legitimate brokers always prominently show their accreditation and licenses to ensure transparency.More importantly, the Securities Commission Malaysia (SC) has added Forbes Capital to its Investor Alert List for carrying on fraudulent activities. This action by the Malaysian financial watchdog further substantiates the platform's illegitimacy.Therefore, we strongly suggest you do not have further dealings with Forbes Capital. Its request for money is one of the common tactics used by scammers. A lot of victims have learned the hard way that fraudsters will never repay. Please stop sending money and giving away personal information. It is advisable to report it to the local police and relevant financial authorities.In addition, its website "https://www.forbestrading.com/" is currently inaccessible. We kindly request you provide us with its new address if it has one. It will be very helpful in our fight against scammers.
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1 comments

Nora delisya (nora delisya)
I have been hit by this scammer.. my money is gone 😭😭😭😭
Mar 17, 2023
1
Reply
BV Official Mar 20, 2023
Could you please provide your contact information, such as your WhatsApp number or Email address, so that we can contact you later for further communication?
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