Why You Should Avoid FOREX.com: Review and Warnings

[ArtemMit]

FOREX.com often presents itself as a reliable and regulated platform for retail Forex trading. However, behind the glossy facade lie a growing number of complaints, red flags, and suspicious activity. Below, we break down in detail why working with this broker could lead to serious problems.

Problems With Withdrawals? You're Not Alone

Every month, more and more users report being unable to withdraw their money from FOREX.com. These aren't isolated cases — it's a persistent trend that points to deep issues within the company. Clients report sudden account blocks, prolonged "verification" processes, and total disregard for support requests.

Here's what affected users most often mention:

• Delays or withdrawal blocks with no explanation.
• Waiting times exceeding 30 business days.
• Support doesn't respond or only sends templated replies.
• After requesting a withdrawal — "internal investigation."

Such behavior is unacceptable for a broker, especially when it comes to accessing your own money.

Hidden Fees: They Didn't Warn You

FOREX.com loves to talk about transparency, but in reality, many users encounter unexpected charges that their marketing conveniently omits.

After registration, it turns out that:

• An inactivity fee applies if you don't trade for a while.
• Spreads widen dramatically during high volatility.
• Trading fees vary by account type, which isn't always clearly explained.

All of this turns trading with FOREX.com into a financial trap full of hidden "gotchas."

Regulated? Yes. Protective? Not Necessarily

Yes, FOREX.com holds licenses in the U.S., U.K., and Australia, but that doesn't mean every client receives equal protection. The company operates through different legal entities, and depending on your country, you may fall under a jurisdiction with minimal oversight.

This means that if a dispute arises — particularly regarding account blocks or canceled trades — you're likely to deal with an offshore branch, where getting justice is extremely difficult.

Pressure and "Golden Promises" From Account Managers

Many users complain about persistent calls from personal account managers who aggressively encourage them to deposit more money. These conversations often come with unrealistic promises of quick profits and "exclusive opportunities."

Here are the common pressure tactics:

• "Limited-time opportunities" that will soon disappear.
• Guaranteed profits if you deposit a certain amount.
• Manipulation tactics like: "Others already made money — don't fall behind."
• Emotional pressure and fear of missing out.

If you start asking inconvenient questions or refuse, the managers quickly lose interest. This kind of behavior is more reminiscent of scammy boiler-room brokers than a trustworthy company.

Conclusion: Trusting FOREX.com Is a Risky Bet

FOREX.com may seem like a reliable broker at first glance, but behind the well-known brand lie serious issues: withdrawal problems, opaque fees, questionable regulation, and aggressive client manipulation.

If you value your money, it's better to choose a more honest and transparent platform. Don't let a flashy website and big name fool you.

If you've fallen victim to scammers, contact us at [email protected]