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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