2010-02-16: The FPA has confirmed a Scam complaint by an FPA member against this broker. This broker also tried to place a number of fake positive reviews and forums posts for itself. We also believe that their claim of winning a broker of the year award in 2009 is totally false. This broker appears to be completely unregulated.
ForInvests.net is hereby blacklisted by the Forex Peace Army. We recommend against placing money with this company. If you have an account with them, we recommend you withdraw all funds immediately.
The FPA encourages all US clients of ForInvests to contact CFTC.gov immediately.
ForInvests.net has won the
2010 Forex Broker Scam of the Year Award
Click here for details.
Website is down. Looks like another scam company has bit the dust!
Recent User Reviews of ForInvests.net
2011-05-20 2 Stars I tried (small amount) even with bad and scam reviews of this broker. Deposit and withdraw is very fast with this broker -no problem. BUT main thing is they have very often delays in open and close a trade. Sometimes 10 up to 30 sec. so your profitable trade ends into minus -this is terrible really ..STAY AWAY
Look at the dates of the post#1 and post#2 and the dates on the attached files of screenshots and log files. It is damning evidence of their fraudulent activity.
Don't get scammed by forinvest like myself and soo many others.
They are not a broker but instead are scammers.
They have MANY dirty tricks to cheat their victims. They usually make you profit when you have demo accounts but live accounts are entirely different story. I had demo accounts with them and no problems then I opened a live account and they were manipulating signals and prices left and right. I quit as soon as I saw what they were doing because I had another demo account open from another broker open at the same time.
1) Some trades they won't let you close while in profit and others you'll lose money when you close and ARE IN PROFIT.
2) They ignore takeprofits & stoploss to cheat you of money.
3) They also often manipulate price when you open/close orders.
4) Intentionally delay opening and closing orders when it goes against them.
5) No custom indicators besides the BASIC ones that comes with the install of the mt4.
First I tried to shut the orders WHILE IN PROFIT and it kept giving me error messages such as:
1) Off quotes
2) Modification denied. Order is too close to market
I closed one trade while the ticker was RISING(PROFITING) while I WAS IN PROFIT and the ticker was arcing straight up(TOWARD MORE PROFIT) WITHOUT DIPPING ONCE. For minutes I couldn't shut down profitable trades including this one. Ultimately THEIR SERVER ROBOT shut the trade while I was in profit and the ticker was rising without dipping(not once) and I somehow ended up LOSING $50+ and that's not including delaying my close order which should have been around another +8 to +12 pips in my favor. And from this last trade they outright robbed me. I was up around 10% or more above my initial deposit from other trades. I finally closed eventually after minutes of pushing close button over and over again. And I was around -$20 to -$30+ below my initial deposit from the last trade.
I stopped and closed the mt4 client and zipped the folder. I emailed them and I asked them to withdraw my money and shut down my acccount. I knew better than trying to sort this out through e-mail with crooked scum brokers like them.
Even as I speak I wonder if they'll even mail me the rest of the balance of my account.
Latest update folks. Finally after two weeks I received an e-mail from alertpay telling me I received $185.70 from forinvest group. Which is around $90 less than my final balance when I closed my final trade and e-mailed them to withdraw my balance and close my account.
It's bad enough I got scammed from my trades but they got greedy with there schemes and scams I had enough and filed a complaint with alertpay and almost 2 weeks later I get a call from the scammer himself. Judging by his accent he sounded russian. Called me over the phone and woke me up and accused me of lying. I was pretty enraged by now and completely lost my cool which I don't regret. I was screaming almost at the top of my lungs.
First he scams me of the profits I've earned through my trades, then he tries to steal around $90 from the remaining balance, then he calls me and wakes me up to accuse me of lying without using the word "liar". I was cursing over the phone and was basically pretty steamed. I have not been this angry in awhile. I'm not sure if he knew I was monitoring the trades but I'm pretty sure he was aware of it.
Here's one of his tactics that he uses to try to screw over his victims. He calls pretending to be the scammer's phony company's attorney trying to intimidate and mindf**k his victims. I think forinvest is just one scammer that pretends to be a brokerage company who runs a hacked broker server with a virtual dealer plugin and multiple e-mail accounts. The so-called "lawyer" wouldn't even tell me where the so-called company is located.
I had to get ready to prepare for work so I didn't have time to "chat" long. By now I've been screaming and cursing at the top of my lungs over the phone for close to 45mins. To make a long story short he said I had to e-mail him and he would send me $90. I told him I would think about it.
After work he called me again and again. I went ahead and e-mailed him and he transferred NO LESS THAN $90. I think possibly that alertpay locked his account so that he could not take more money from unsuspecting victims. So basically he wanted me to drop my dispute as soon as possible. I went ahead and e-mailed alertpay as soon as I received NO LESS THAN $90 but warned them of that lying, cheating, scammer.
I hope people can read this before considering opening an account with what I believe is a scammer pretending to be a brokerage company. It'll save them some money.
If you got scammed like me then report them or sue them.
email@example.com: are you the owner of demo account 1151045
firstname.lastname@example.org: aren'y you Tahligan Pars?
fayyaz123pk: i only understand english plz
fayyaz123pk: i am not
email@example.com: do you know how to exchange money to WebMoney in Iran?
firstname.lastname@example.org: do you know any agent who do that?
fayyaz123pk: i have an ib account with forinvest .com
fayyaz123pk: long time a go i do not get any commission
email@example.com: do you have clients?
fayyaz123pk: i have
firstname.lastname@example.org: what is your IB number?
fayyaz123pk: but to be true the clients was afraid to open account with you
fayyaz123pk: i still not get my comission that i have made in my account
email@example.com: so you do not have clients
firstname.lastname@example.org: now, could you naswer?
fayyaz123pk: i tell you i have
email@example.com: do you know how to exchange money to WebMoney in Iran?
fayyaz123pk: go to the webmoney website
fayyaz123pk: on the eward
fayyaz123pk: i swa in form
firstname.lastname@example.org: what award?
email@example.com: Iam asking about webmoney
fayyaz123pk: award for the best scamer of the year 2010
firstname.lastname@example.org: do you know
email@example.com: are you kidding
fayyaz123pk: no really not
firstname.lastname@example.org: Iam asking about webmoney exchang
fayyaz123pk: i just read the artical
email@example.com: and you answer in a very stupid way
firstname.lastname@example.org: go fk the artcle out there
fayyaz123pk: i think you doing this
fayyaz123pk: i am just telling you what i see
email@example.com: we do not care of such silly things
firstname.lastname@example.org: we have business
fayyaz123pk: yes i know
email@example.com: and we have many many clients each day
many IBs each day
firstname.lastname@example.org: this is very silly
email@example.com: and you are too stupid
fayyaz123pk: i really just not expecting from you this laguage
firstname.lastname@example.org: you deserve much worse
fayyaz123pk: and not wana answer you in this what you telling me
email@example.com: Iam asking in a polite way
fayyaz123pk: thank you for your politness
firstname.lastname@example.org: you answered in very strange way
fayyaz123pk: i am thank full to you to provide more evidence that you are the bludy
email@example.com: and Iam thankful that you prove me that you are just a mthr fkr
firstname.lastname@example.org: fk u
fayyaz123pk: nice job
email@example.com is typing...
firstname.lastname@example.org: go to some one who fk your mom and sitr
Forinvest Group is a honest broker. I have made withdrawal
several time without any problem occur. I have a proof.
Withdrawal is just a minute. Representative also helpful.
Please stop talking bad about this broker. Thanks
Review Moderation Team Note: We're glad you've been able to get your money out. The FPA has multiple reports of people being unable to withdraw money. The FPA has proof of ForInvests representatives lying in our forums. Our opinion remains unchanged - ForInvests.net is a scam.