Forbslab (Forbslab.com) is another CFDs, Crypto Currency, and Forex Scam to hit the lucrative trading world. Forb Slab is claiming to offer over 60 tradable assets and an education center. With most investors signing up without a second thought, they are diving into a trap. Complaints are already being sent to authorities after withdrawal requests have been blocked by the broker. Read this detailed FORBSLAB Review and know the truth.
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With complaints coming in every other day, it is clear trouble is brewing with this platform. Members are finding it hard to get in touch with the broker as communication channels have been blocked. It is a scammer’s move to block any account with a huge balance since they are openly stealing from them. To stay ahead of this platform, you need to learn the tricks used by scam artists. Thanks to our years of trading experience, we know how to spot a scam from a mile away.
Professional scam artists are ideally people who clone websites hoping to trap unsuspecting investors. With a cloned website, it is hard to pick out a real from a fake trading website. We have been in the industry for long and can sort them out with ease. Credibility is a major influence as well as having a valid trading license. To know more about the scam tricks used, make sure you read this entire review. Get to know the lengths which scam artists will go to scam potential investors.
WDI Media Marketing is the company listed as the owner of this platform. According to information posted on their homepage, the company is based in the Czech Republic. You should note that scam artists will do or say anything to make sure their platforms get recognized. It also includes posting fake address to try and feign EU status. Forbslab is targeting EU investors thanks to posting they are based here. You should know that the platform is most likely based offshore.
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Anonymity is a scammer’s best friend as it allows them to steal without being traced. If this platform is owned by WDI Media Marketing, who are the CEO and CFO of the company? Why is it hard to find any information regarding the founding members of this platform? Company register in the Czech Republic does have any details of such a company. It is clear these artists are using an already registered company. They simply want to associate themselves with a valid company.
It is clear the extent to which scam artists will go to trap unsuspecting online investors. Forbslab is not licensed or registered by any international regulatory body. It is also noted that the platform has been blacklisted by authorities in Luxembourg. The CSSF has blacklisted it and warns investors from signing up with this illicit platform. After having traded with them, most members are finding it hard to withdraw funds. It is what happens when you deposit with an illicit trading platform.
Why has this broker failed to post any details regarding their license credentials? A true broker will post details of their license and registration for all to see. Disclaimer at the footer of their homepage fails to give users any information regarding regulation. It is why we are also backing the CSSF in blacklisting this rogue platform. Without a valid license, it means funds are not safeguarded as dictated by trading regulation. FORBSLAB is an unlicensed entity to stay away from.
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With any unlicensed entity, there is no trading advantage. Associating with an already blacklisted platform means you are at risk of losing funds. An alarm has been raised since it is believed this platform is harvesting data. Information used to sign up with these accounts is sold to third party groups. It is unfair for anyone who shared their personal information as they become targets of marketing gimmicks.
Account types listed include Basic, Advanced, Expert, and VIP. Forbslab is furnishing users with four different accounts which possess similar characteristics. Information regarding the minimum required deposit has been left out which is a huge problem. You should know the set industry set minimum deposit is $250. Members have been asked to deposit a minimum of $5,000 by this broker who is completely absurd.
Account funding with this platform is without a doubt easy and fast. Depository channels include Bitcoin, Ethereum, MasterCard, and Visa. It is clear to see why the broker used these depository channels. They are easy to access and can be used by anyone anywhere. Withdrawing funds still remains to be a major hindrance with this platform. No member has come forward and posted proof of ever withdrawing. You now know what to expect with this broker who is obviously stealing from members.
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Another disturbing feature with this website is lack of a proper communication channel. With their already bad reputation, they fail to have a live chat support team. It speaks volume as to why they would want to remain anonymous. After stealing from members, they don’t want to be contacted by authorities and victims. Email is a good way to communicate; problem is it is a one way communication system. Scam artists decide which emails to respond to and which to delete.
We still don’t know which type of trading platform Forbslab is using. What we do know is they are not using the standard trading platforms such as MT4 and MT5. You should be careful with unknown platforms as they tend to be unstable. Unstable platforms are a huge target for hackers looking to steal credit card information. Your credit card details are at risk as hackers will take advantage of the security breach.
How can funds be safe with a platform whose identity still remains a mystery? Did you know these scam artists are storing funds in a personal bank account? Merging assets in one account can cause the broker to use funds as payment for creditors. Safety of funds should be the number one priority of this broker and they are simply ignoring it.
Evidence clearly shows we are dealing with a well-designed trap. Without a valid trading license, Forbslab is a scam which must be exposed. It seems members are on their own as authorities have not lifted a finger. Exposing these scam artists is the only way to ensure no one gets scammed by these scam artists. Warn your family and friends from affiliating with this platform.
We will be adding this platform to our scam blacklist and exposing their dirty tricks to protect our readers. Stay away from any blacklisted and unlicensed online investment entity.
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Wishing all investors a happy and prosperous trading experience.
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