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Company Name
Forman Forex Pty Ltd
Company Abbreviation
Forman Forex
Platform registered country and region
Australia
Company website
Pyramid scheme complaint
Expose
No data
Scam Brokers
Score
1.53 /10
Danger
Forman Forex
Scam Brokers5-10 years
Regulated in Australia
Investment Advisory License
Suspicious Scope of Business
Clone Firm Australia
Suspicious Overrun
High potential risk
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Comparison
Quantity 1
Exposure
Open Account
Website
Score
Regulatory Index3.05
Business Index7.16
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Broker Information
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Check whenever you want
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This platform is a Ponzi Scheme. Please stay away!
5
Previous Detection :
2024-11-16
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
WikiFX Verification
Exposure
1 pieces of exposure in total Pyramid scheme complaint
Expose 1
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