Read our Forbes Capital Trading review to see if we recommend this broker for trading. Just to clear doubts, this is a Forbes Capital Trading review.
Who is Forbes Capital Trading?
Forbes Capital Trading is a financial scammer that has been rampant in Malaysia recently. It claims to be a company that offers investment services and promises attractive profits to its clients. However, its activities are not legitimate.
As a financial platform, no legal documents such as terms and conditions, risk disclosure, or privacy policy could be found on its website, let alone registration or regulatory information. And people have no way of knowing the company’s location. In short, they have none of the information that a legitimate broker should provide to its clients.
Moreover, the Securities Commission of Malaysia (SC) added the fraudster to its InvestorAlert List. The broker that is highly similar to Forbes Capital Trading, Forbes Tech, was also warned.
Overall, Forbes Capital Trading has no financial license and therefore not been authorized to provide financial investment services! The investment businesses it currently operates are illegal.
Endless Fees
One of the victims told us how she was scammed by Forbes Capital Trading for RM2,582.
But not long after, the company asked the victim for RM3,000 again, citing the international account transfer function, which was said to be the fee used to activate the account. However, the victim could not afford that much money and refused the transfer request. Even so, the scammer still kept pushing the victim to deposit more money.
In conclusion, to ensure the safety of your money, do not trust any investment services offered by Forbes Capital Trading.
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