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
Problems began, when they were charging commission to each trade without telling me before.
This issue could be resolved, they claimed, that this way the wanted to pay off the Paypal fees.
Trades were nearly all delayed and requoted, they don't let you earn money.
So I wanted to withdraw the money. Of nearly 800$ only 650$ arrived back on Paypal. While only about 26$ are explicit Paypal fees, the reason for the remainder of the missing amount was never properly explained, though I contacted them several times.
Last incredible mail was "..Dear Sir,
Thank you for your reply.
Looking forward for strong business relation with our clients..."
No further explanation necessary. Beware of this broker.
The allegedly have a Swiss address, trying to make people believe, they're Swiss regulated and solid.
The Swiss financial market authority FINMA denied any knowledge or even regulatory function for this company, according to their information such a company is not even registered in Switzerland, and their address in the city of Neuchatel has been proven to be a fake.
The FPA does not appreciate those who spam in forums or reviews.
I had my account with ForInvest for almost a year right now, I started with $500, many friends told me about how fast is their execution. well, their execution was really fast, their deposit/withdrawal very fast also. 3 months later, I made a withdrawal of $350, and within few minutes, they were in my Liberty Reserve account. they have many agents in Indonesia, and even they have ADs in many major streets, even through internet. I used to deal with their Swiss branch, but they inform us that they no longer working in Switzerland, moving to UK as they applied to FSA. I still have my account with them,Iam doing well, have no major troubles with them, some order here or there is not a big deal.
LOOKS LIKE SCAM IN MY EXPERIENCE - WARNING DO NOT TRADE WITH FORINVEST
It seems as though everyone is aching to know more about ForInvest from the perspective of a live client. Well I am one and have been for just over a month. I am actually a professional trader and you can see some of my reviews under 'West Coast Pips' in the broker reviews. I have had live accounts with about 20 brokers in the last few years. None are perfect. All I can say for now is DO NOT OPEN A LIVE ACCOUNT WITH FORINVEST. I had a pretty large account with them and they are not paying me a huge $21,800. ForInvest act like deceitful, liars and cheats in my opinion.
I am in the process of major disputes with this apparently unreputable broker. I am currently informing the Swiss authorities about this evidently SCAM broker. I have contacted FINMA: http://www.finma.ch/e/pages/default.aspx who have told me ForInvest are not even regulated in Switzerland. ForInvest used to have their Swiss contact information on their website. It has been removed for several weeks now. They have a phone contact & address in the US but NO ONE EVER ANSWERS your call. In fact when you dial in there is a message giving you 5 options. I have tried to press all 5 options and none of them register. You can only leave a voice mail and no one ever gets back to you, especially if you have a live account. Because they are not regulated in Switzerland they have their banking in Cyprus. They used to have a Swiss phone number but it was barely in operation. I have kept it on file and now the number goes through to a cell phone. They claim they have a huge net worth and over 300K clients. I can tell you, all the information I can find says this is a LIE.
As far as I have ascertained there are only 3 people that work for this company and I say that with honesty. ForInvest are a small outfit, non-regulated and desperate for your money. On their website it says '24-Hours personalized service, Monday to Friday.' When you have a live account with them and have outstanding issues with their diabolical, unstable and seemingly fraudulent MT4 platform they will NOT get back to you.
Before opening an account with them I had many questions for them by
email. I would get very prompt replies and even the odd phone call here and there to assure me and give me the information I wanted to hear. My first trade went very well and I made good profit. Subsequently they started to trade against me.
Their website contains a lot of apparently fraudulent and misleading information. How they can be 'Broker of the year' is certainly not proven and can only be made up by them. THIS PART BE VERY WARY OF: "NDD/STP Broker, No requote, No reject, No slip." Your first trade can be very true of that. I used SNW and when I made my second trade they would not allow me to close my live trade by market. I was forced to put in a stop loss after trying to close the trade for 4 minutes! I took only half my potential profit as a result. As far as no requotes YOU WILL GET TONS! As far as 'no slips' YOU WILL GET TONS.
The WORST IS STILL TO COME and I will happily tell you all what other seemingly fraudulent action ForInvest has performed with my account. My third trade I used SNW to trade UK CPI last month which was a big positive result. When SNW clicked on buy 20 lots gbp/usd nothing happened until about 45 seconds later. THIS IS BIZARRE...My account showed a massive MINUS, yes -$32,000. I was baffled and panicking. 4 minutes later the -$32,000 disappears and my trade shows up. I STRESS IT SHOWED UP 4 MINUTES LATER. If you spike trade like me you need to be in and out the market in seconds. Not only was I slipped about 30 pips but price retraced heavily against my entry and I was forced to take a loss of over $4000. NOT MY FAULT. Would you be happy with trades showing up 4 minutes later after you executed them?
Here is the worst part: At the same time I made a buy gbp/usd for 20 lots I also made a trade for 30 lots gbp/usd from another computer. I was given the option to reject this order as I did not see it go through. 7 days later when I decide I want to get the hell out of ForInvest I made a complete withdrawal of my balance. They did not answer me for 4 days. Then I made another request. This time they put in my account 'Trading loss correction -$21,900.' I could not believe it! They only wired me a quarter of my funds which I got in my bank account today. Here is the finale. This morning they have emailed me back to say the -$21,900 is for order 72354 which was my trade for 30 lots gbp/usd 10 days ago! THIS NEVER SHOWED UP ON MY PLATFORM AND NOW THEY TELL ME THEY CLOSED THE TRADE FOR ME WITH A LOSS OF $21,900. What can I say but these guys are acting like swindlers, manipulators, cheats and thugsin my experience.
ONCE AGAIN, I RECOMMEND THAT YOU DO NOT OPEN A LIVE ACCOUNT WITH FORINVEST UNLESS YOU WANT TO LOSE YOUR ENTIRE BALANCE.
ugly way, iam here for a visit, originally from Badung-Bali, Indonesia.
If you go to Italy and post something from there, are you going to be Italian, what a mess.
Anyway, you have 2 choices; whether to delete your dirty comments about me, or to post this next to. if u need, Iam gonna send a copy of my passport. What do u think your self saying sh**s here or there.
I insist on that ForInvest is the best Forex broker, well, at least in my country, as most ppl I know are trading with it for 3 or 4 yrs with no troubles, and they are a big name in indonesia.
I will rate it again Excellent, and you shouldn't even dare to violate this right for a human being.. or its gonna be obvious that you are doing such dirty acts for a purpose, which could be so clear!!
Anyway, I have pictured all these things, and gonna post them to other forums, so ppl gonna witness that u r simply "Prejudiced"
Review Moderation Team Note: We are always amazed at the number of people who leave reviews when "on vacation", especially when there are others posting under different names in the forums or reviews from the same location. You are posting from exactly the same location as 2 different forum accounts that were posting about how great they think this broker is. Each gave a different story. Is your "vacation" with a group of ForInvests clients, or are you posting from inside one of their offices? ;)
Spammers are not appreciated in the forums or reviews.
from the "Back Office"
Mr. W deposited $800 gross by Paypal, then his net deposit $768.5. after Paypal fees ,His trading was ended with a sum of -$89 (loss), including commission.
he ordered to withdraw all available balance, within 4 minutes the amount was in his Paypal account. WHATS WRONG??!!!
Well, although this trader has claimed some trouble with ForInvest, but he rated 2 stars.
THIS HAS TO ANSWER ALL WHAT SOME WERE POSTING HERE OR THERE.
Hi Mr. Andrew G -West Coast pips,
Its bee great what you did here, as you has your face off,
then your manipulation acts will be revealed NOW!
First of all, I want to thank our colleague brokers who help us
to explore this case, both two brokers having their ADs here.
identified by this Forum as "Brokers of Honor".
Amazingly, Mr. Andrew was kicked out by those two decent brokers.
Well, I think its good that you post your "trading log" of that case here,
so it shows clearly your manipulation acts.
Any "Independent Expert", or any "Broker", who deals with MT4, not of some "cute boys" here!
will know exactly, that its all about ugly cheating you did.
0 09:30:07 XX.XX.XXX.XXX '39': request from '90609' (buy 20.00 GBPUSD at 1.64500 sl: 0.00000 tp: 0.00000)
0 09:30:07 XX.XX.XXX.XXX '39': request from '90609' (buy 30.00 GBPUSD at 1.64500 sl: 0.00000 tp: 0.00000)
1 09:30:28 XX.XX.XXX.XXX '39': open order for '90609' buy 20.00 GBPUSD at 1.64500 sl: 0.00000 tp: 0.00000 ( 1.6449 / 1.46500 )
1 09:30:28 '90609': order #72353, buy 20.00 GBPUSD at 1.64500
1 09:30:28 XX.XX.XXX.XXX '39': open order for '90609' buy 30.00 GBPUSD at 1.64500 sl: 0.00000 tp: 0.00000 ( 1.6449 / 1.46500 )
1 09:30:28 '90609': order #72354, buy 30.00 GBPUSD at 1.64500
Simply; there were two orders requested, quoted, and confirmed #72353=>20 lots, #72354=> 30 lots.
In this case, for any MT4 expert, there is no possibility, at all, for the trader, to reject or to refuse the deal.
But as the market was moving rapidly at that time, and as it goes against his orders, the 2nd order #72354,
with unknown reason,"at that time", was not shown in his account 90609.
The order# 72354 was stuck in our system, showing it was executed for AC 90609, but it never existed
in the account... within few minutes only,the market was away of 60-70 points against order#7254.
our IT Division started his own investigations, and with assistance of other decent brokers, that Mr. Andrew
was dealing with, we had the full picture of such dirty acts!!
Its all of that "Hacking Robot" with a third party data feed, manipulating the Real Data Feed,
Freezing them.. more over; can manipulate of number of lots in favor of the account, or can delete
the orders, milli seconds before they are into the trader's account... sure, if they weren't in his favor,
AND HERE WE GO!
0 09:30:29 22.214.171.124 '90609': user rejects his request - order #72354
How come, to reject an order that has an 'ID' which is #72354, for MT4 experts, its well known that once the deal has
an 'ID', then it was requested, quoted, confirmed and shown in the trader's account.
But its not the case with Mr. Andrew, of course of his magic dirty robot.
We, as a decent broker, wasn't to reflect this order to our client's account directly on spot, as it was losing.
We thought it was some mistake by us, by the system, so we decided to check and double check, till we have the fact
that its ONLY ABOUT DIRTY ACTS.
one more thing, Mr. Andrw, was very selective while posting some emails, while he kept other emails in his darkness,
thinking could hide the truth.
You won't screw us dear sir, we won't be extorted to your acts.
Further More, All posts under your name, and your genuine email," just before changing it to "West coast", is in our
"Legal Division", and our Corporate Attorney will sue you within few days in Vancover, BC.
We won't be extorted of your Posts, this is what he keeps sending us:
"I have a suggestion, if you pay me back..., since the trade never showed up on my platform and I had no control over
that trade, I will either retract my statements or make comments on forex forums that you met my concerns"
See here, he didnt say I didnt make the order, he is assuming that order never shown in his account, "what a genius"
besides if you are saying something against us, how come for some amount of money you gonna say the opposite,
do you respect others while misleading them??!!!
WHO IS THE CHEATER NOW!!!!
P.S. Just by Now, we have got the confirmation from your bank
that you have received the Wire Transfer sent by ForInvest Group
to your Banking Account.. I will leave the amount size to you,
if you like to post it here also!!
Thank you all.
I ve been chasing this broker till I got the following;
a broker with 7 proven years in business,
serving more than 100'000 clients world wide,
Its a broker whom I will stay with!
as simple as it is.
Review Moderation Team Note: This is another fake review left by "Swiss Advisor" who was banned from our forums for spamming both the forums and review. We are happy to see he's at least getting close to being able to spell Jordan correctly.
I invested the small sum of $50USD with forinvest (
info.2009uk (13/09/2010 20:36:02): WHY IS MY ACCOUNT DISABLED?
info.2009uk (13/09/2010 20:36:37): I find it remarkable that when my account was negative it was working and now that it has returned a profit it is DISABLED!!!
info.2009uk (13/09/2010 20:36:50): What is going on I thought I could trust your company?
info.2009uk (13/09/2010 20:37:42): Are you people only out to steal the small amount of money that I have put in the account?
info.2009uk (13/09/2010 20:38:11): HELLO!!!
info.2009uk (13/09/2010 20:38:20): Are you not going to answer me?
info.2009uk (13/09/2010 20:38:38): account number 90985
info.2009uk (13/09/2010 20:38:45): why is it disabled?
info.2009uk (13/09/2010 20:40:05): When I was going to open an account you didn't take this long to respond to my messages
info.2009uk (13/09/2010 20:42:20): Tell me why you have disabled my account?
info.2009uk (13/09/2010 20:44:43): SO YOU'VE ROBBED ME FOR $100 OR SO DOLLARS RIGHT?
info.2009uk (13/09/2010 20:44:53): IS THAT THE STRENGTH OF YOUR COMPANY?
info.2009uk (13/09/2010 20:49:26): Are you seriously, going to rob me for $100 USD?
info.2009uk (13/09/2010 20:50:18): ENABLE my account 90985, and close my position at 1.5426.
info.2009uk (13/09/2010 21:02:26): STILL IGNORING ME?
info.2009uk (13/09/2010 21:02:32): IS MY ACCOUNT NOT ACTIVE YET?
info.2009uk (13/09/2010 21:19:21): hello!!!
info.2009uk (13/09/2010 21:19:37): what happened to all this talk about service?
info.2009uk (13/09/2010 21:19:42): you're here to serve me?
info.2009uk (13/09/2010 21:19:48): you treat all customers the same?
firstname.lastname@example.org (13/09/2010 21:24:31): hello
info.2009uk (13/09/2010 21:24:16): oh finally
email@example.com (13/09/2010 21:24:46): wait
info.2009uk (13/09/2010 21:24:23): why is my account disabled?
firstname.lastname@example.org (13/09/2010 21:25:22): what is that for
info.2009uk (13/09/2010 21:25:14): what do you mean what is that for? I've been trying to talk to you for ages?
info.2009uk (13/09/2010 21:25:21): my account has been disabled and for no reason
email@example.com (13/09/2010 21:26:14): are you aware of what you just said here and in your email to us?
info.2009uk (13/09/2010 21:26:18): Yes, I am fully aware of what I said in this chat?
firstname.lastname@example.org (13/09/2010 21:26:22): your account is active
info.2009uk (13/09/2010 21:26:26): it is not
email@example.com (13/09/2010 21:26:36): its your problem then
info.2009uk (13/09/2010 21:26:56): tell me how it is my problem?
info.2009uk (13/09/2010 21:27:02): I can access the demo I setup with you
firstname.lastname@example.org (13/09/2010 21:27:02): "I am afraid I see you also as a scam artist".
info.2009uk (13/09/2010 21:27:21): but I can't access my live account it says disabled
email@example.com (13/09/2010 21:27:26): what do you think of this
firstname.lastname@example.org (13/09/2010 21:27:29): I am afraid I see you also as a scam artist.
email@example.com (13/09/2010 21:27:43): are you aware of this
info.2009uk (13/09/2010 21:27:47): what are you talking about?
firstname.lastname@example.org (13/09/2010 21:28:02): "I am afraid I see you also as a scam artist"
email@example.com (13/09/2010 21:28:10): you sent this???
firstname.lastname@example.org (13/09/2010 21:28:28): what is it for
info.2009uk (13/09/2010 21:28:45): because you have disabled my account 90985
info.2009uk (13/09/2010 21:28:58): you tell me why it is disabled?
email@example.com (13/09/2010 21:29:06): your account is active
info.2009uk (13/09/2010 21:29:19): you're telling me that account 90985 is active?
firstname.lastname@example.org (13/09/2010 21:29:24): itsnot your first time to claim that
info.2009uk (13/09/2010 21:29:32): this is my first time to claim
info.2009uk (13/09/2010 21:29:37): I was happy with you
info.2009uk (13/09/2010 21:29:39): I said so
info.2009uk (13/09/2010 21:29:47): I spoke to you guys in a message
info.2009uk (13/09/2010 21:29:50): I told you I was happy
info.2009uk (13/09/2010 21:29:55): I referred my friend
info.2009uk (13/09/2010 21:30:00): but this is taking it too far
email@example.com (13/09/2010 21:30:43): info.2009uk (9/7/2010 1:55:19 PM): Hi, I need your help I am locked out of my account. info.2009uk (9/7/2010 1:57:47 PM): No problem, I've sorted it. ForInvest Group (9/7/2010 2:04:24 PM): hello ForInvest Group (9/7/2010 2:04:46 PM): Need for any help sir?
info.2009uk (13/09/2010 21:30:42): Yes, locked out of my account... NOT DISABLED!!!!
firstname.lastname@example.org (13/09/2010 21:30:57): your account is active
info.2009uk (13/09/2010 21:31:22): LOOK I'M TELLING YOU AT THE BOTTOM RIGHT HAND SIDE OF MT4 IT SAYS "ACCOUNT DISABLED"
email@example.com (13/09/2010 21:31:47): if you don't have your correct password, it will give you that your "account is disabled"
info.2009uk (13/09/2010 21:32:01): No I have the right password
info.2009uk (13/09/2010 21:32:13): I had the account setting stored this time
info.2009uk (13/09/2010 21:32:19): so it isn't that
firstname.lastname@example.org (13/09/2010 21:32:23): if so, you have to ask to reset your password without pla pla pla
email@example.com (13/09/2010 21:32:47): act in a polite way gentleman
info.2009uk (13/09/2010 21:33:18): Look, I know my password. It isn't the password. The account is disabled
info.2009uk (13/09/2010 21:33:25): I have a screen shot of the screen
info.2009uk (13/09/2010 21:33:32): I know the difference
firstname.lastname@example.org (13/09/2010 21:33:39): no
info.2009uk (13/09/2010 21:33:44): LOOK
email@example.com (13/09/2010 21:34:25): if your password is wrong, then it will give the same"Account is Disabled"
firstname.lastname@example.org (13/09/2010 21:34:30): ok
email@example.com (13/09/2010 21:34:43): thats all
firstname.lastname@example.org (13/09/2010 21:35:16): I see you account was profiting all the time whrn since open
info.2009uk (13/09/2010 21:35:25): when you have the wrong password it says Invalid account
info.2009uk (13/09/2010 21:35:31): yes
email@example.com (13/09/2010 21:35:31): so stop claiming fake things
info.2009uk (13/09/2010 21:35:45): I'm not claiming anything except the fact that my account is disabled
info.2009uk (13/09/2010 21:35:48): that is not fake
info.2009uk (13/09/2010 21:35:56): profit or not, the account is disabled
info.2009uk (13/09/2010 21:36:37): I have a screen shot of when I tried the password you sent me at first. It says Invalid account. It doesn't say that anymore
info.2009uk (13/09/2010 21:36:50): Sorry
info.2009uk (13/09/2010 21:37:07): now it says account disabled
info.2009uk (13/09/2010 21:37:36): wrong password MT4 bottom right hand says "Invalid Account"
info.2009uk (13/09/2010 21:38:00): account disabled MT$ bottom right hand says "Account disabled"
info.2009uk (13/09/2010 21:38:06): What are you going to do about this?
firstname.lastname@example.org (13/09/2010 21:38:38): your account is active, I can see that
info.2009uk (13/09/2010 21:38:48): Look
info.2009uk (13/09/2010 21:39:03): I've tried to login. It's telling me disabled
info.2009uk (13/09/2010 21:39:14): it is on your end. I know my password
email@example.com (13/09/2010 21:40:22): well,I have one solution for this
firstname.lastname@example.org (13/09/2010 21:40:32): reset password
email@example.com (13/09/2010 21:40:44): if so, will do right now
info.2009uk (13/09/2010 21:40:52): ok reset the password then
info.2009uk (13/09/2010 21:43:28): did you reset the password yet?
firstname.lastname@example.org (13/09/2010 21:44:29): Your order will be processed by "Accounts Division"
email@example.com (13/09/2010 21:44:56): Password Reset is an automated process will be sent to your email
info.2009uk (13/09/2010 21:45:36): yeah and how long does that take?
info.2009uk (13/09/2010 21:45:46): when my open position is negative again?
info.2009uk (13/09/2010 21:45:53): close my position for me then while I wait
info.2009uk (13/09/2010 21:47:40): I'm waiting on this quick fix solution that you say will rememdy the fact that you disabled my account.
info.2009uk (13/09/2010 21:49:14): Hello!
info.2009uk (13/09/2010 21:50:27): not talking to me anymore?
firstname.lastname@example.org (13/09/2010 21:51:51): you have to talk in a polite way gentleman
email@example.com (13/09/2010 21:52:00): you have to check your account
firstname.lastname@example.org (13/09/2010 21:52:09): your email account
info.2009uk (13/09/2010 21:54:04): I am in my email account
info.2009uk (13/09/2010 21:54:06): no email
email@example.com (13/09/2010 21:54:19): I will check
firstname.lastname@example.org (13/09/2010 21:55:11): your "reset" email was sent 4 minutes ago
info.2009uk (13/09/2010 21:55:25): I got it
info.2009uk (13/09/2010 21:55:32): trying to login with this new password
info.2009uk (13/09/2010 21:55:36): now it says invalid account
email@example.com (13/09/2010 21:55:37): you have to check your email folders
info.2009uk (13/09/2010 21:55:44): I am in my email. I have the email
info.2009uk (13/09/2010 21:55:47): I have the password
info.2009uk (13/09/2010 21:55:49): but no good
info.2009uk (13/09/2010 21:56:27): Finally
firstname.lastname@example.org (13/09/2010 21:57:26): great
info.2009uk (13/09/2010 21:57:30): no not great
email@example.com (13/09/2010 21:57:37): anything I can help you with?
info.2009uk (13/09/2010 21:57:59): Yes, can I have the balance of my account returned to my CC?
info.2009uk (13/09/2010 21:58:14): I know what your company did and that was a dirty trick
firstname.lastname@example.org (13/09/2010 21:58:19): ya sure
email@example.com (13/09/2010 21:58:34): well, this too bad
firstname.lastname@example.org (13/09/2010 21:58:41): thank you for you time
email@example.com (13/09/2010 21:58:43): bye
info.2009uk (13/09/2010 21:58:51):
So rather than give these guys my CC number. I setup a liberty reserve account to get my LITTLE $75.60 returned.
I asked via internal mail for $75.60 to be returned to my LR account. I provided the account no and all that was needed. I waited for hours. No money in the account, but my forinvest account was zero'd out.
OK so I let that go, and waited until about an hour ago 12pm gmt +1 approximately 12 hours from the withdrawal request, and I emailed them via internal mail asking about the LR withdrawal. I got this response:
Kindly note that your withdrawal was processed
to your credit card.
Please check your card within 5 days from now.
I replied stating the obvious as to how could they return money to a card that they did not have the details for, which they replied:
Your initial deposit was processed through your credit card.
Any withdrawals, later on, will return to your credit card.
I against replied and said for the avoidance of doubt could they please tell me how they would credit a card which they did not have the details of? Keeping in mind the inital payment was made through alert pay for $50, and $75 was coming back I failed to see how even Alert Pay could refund more than was payed in the first place. They replied:
Thank you for your time!
I replied again, asking them to explain how they would do what they said. I have not got a reply yet.
I doubt I will get my $75.60, but that is better than $756, or $7560. Think about it if a company needs to, probably (I must wait and see) steal $75.60 or keep it from you for as long as possible it only goes to show you what their balance sheet must be like.
DO NOT INVEST WITH THIS COMPANY PAY ATTENTION TO FPA I SHOULD HAVE!