Forex traders are always looking for the perfect system to give them the edge in the market. Consequently, this has seen a rise in Forex trading tools. All of the companies promise that their tool is the best. Moreover, most of them promise to make people rich.
Unfortunately, most of these companies are bogus. Forex Groups is yet another company that we cannot trust. They are promising clients unrealistically high daily returns that no one can achieve in the Forex space.
Forex markets sometimes go quiet for days, and this means that some trades will take long before realizing any profit. Therefore, the promise of daily returns is outrageous. Moreover, this company is faceless and has no social media presence.
These are the common characteristics of fake companies that have nothing to offer you. The website is scrappy and features an old design. These are not professionals; they are just people after your money. Do not trust them with your hard-earned cash.
Sadly, the market has companies like this. Invest only in the best Forex trading companies if you want to make any real profits. Such companies will give you consistent returns without compromising on your peace of mind. You only need to be patient.
Forex Groups claims to be a Forex broker focusing on providing competitive and reliable Forex services. They claim that the company consists of highly qualified financial experts who have come together and united their skills.
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However, this claim cannot be verified. There are no details on who runs the company or who these experts are. There are many risks involved with investing your money with mysterious individuals on the Internet.
Company founders only hide their identities so that no one tracks them down. Such companies cannot be trusted to stick around for long. They take off with investor’s money leaving them with no one to turn to.
Moreover, they do not provide a record of their trading performance. There is no way to trust such a company. They expect customers to invest their money blindly, and this inexcusable in this day and age.
Furthermore, this company does not provide reliable customer support. They vow to deliver world-class customer support. However, they only provide an email address to contact them through. We know that emails can go unanswered for days.
With a company that is this shady, we expect better means of contacting them. Preferably a phone number or a live chat option.
Additionally, it would make it much easier to trust this company if they had a social media presence. Sadly, that is not the case.
Forex-groups.com features four main investment plans. These include the Starter plan, the Advanced plan, the Senior plan, and the VIP plan.
For the Starter plan it requires a minimum deposit of $500 and has an investing period of 14 days. This plan entitles customers to 8.20% in daily returns. Moreover, the method includes principal return.
The Advanced plan requires a minimum deposit of $1500 and has an investing period of 14 days. This plan entitles you to 11.40% in daily returns. Additionally, the program also includes principal return.
The third plan is the Senior plan. It requires a minimum deposit of $4000 and has an investing period of 21 days. The program entitles one to 14.50% in daily returns and features principal return.
The final plan is the VIP plan. This plan requires a minimum deposit of $12000 and has an investing period of 21 days. The program entitles you to 17.80% in daily returns and includes principal return.
These are not cheap investment plans. Therefore, you are at risk of losing a lot of money. The daily returns the company promises are unrealistically high, and we doubt they can deliver.
The company supports three main payment methods. These include bitcoin deposits, perfect money, and bank wire transfers.
You have to know that none of these payment methods is safe for you. There is no way to retrieve your money if anything goes wrong.
Bitcoin transfers and Perfect Money payment methods do not allow you to trace or recover funds send to another person. On the other hand, no bank will bail you out of a reckless decision. So do not expect to make a chargeback when things go wrong.
It is no coincidence that this company chose only those three payment methods. The design of their operations suggests they are only in it for the money. They show little interest in customer satisfaction. Stay away from this company.
Regulation and Fund Safety
Forex Groups does not indicate that it is licensed to perform financial transactions. Any company providing investment services requires a permit from a regulatory body. In this case, Forex Groups needs a license from the SEC to operate legally.
There are many risks in investing in unregulated companies. Once the authorities start investigating them, they exit the market with the client’s money. It is not good to invest in a company that does not produce a license from a regulatory body.
Moreover, this company cannot assure you of your funds’ safety. The software lacks SSL certification, which means the systems are not safe from third party interference. Hackers can easily access your money and steal it.
Additionally, hackers can steal your identifiable data and use it for malicious purposes. Your money is simply not safe with this company. Furthermore, there is no proof of payments done featured on the website.
The company offers people the opportunity to make extra money through a referral program. The company pays 8% of investments made by people you refer to Forex Group. To participate in the referral program, you don’t need to have an active investment in the company. You only need to give your personal referral link to investors attracted by you.
The referral bonus will be paid directly into your e-currency account within 48 hours after the deposit has been made.
Is Forex Groups Trustworthy?
Sadly, we cannot trust this company at the moment. The design of its operation screams scam. Under these conditions, it is easier to get scammed than it is to get any returns.
The company does not reveal who is behind its operations. They operate in full secrecy and have no social media presence, and this is not the nature of legitimate companies.
Moreover, the company promises returns that are unrealistic and unattainable in the Forex market. This suggests that these individuals are not experienced and have no idea of how the Forex space works.
Any company that guarantees high daily returns in the Forex market is probably a scam. Always remember that if the deal seems too good to be true, it probably is. Stay away from this company to save yourself some trouble.
Forex-groups.com is not a trustworthy company. They do not care about customer satisfaction; they are only interested in your money. Do not invest your money in this company until they can prove they are legitimate.
There are better Forex solutions that will offer you better services. You only need to be patient in the Forex space. Only invest in the top Forex trading companies to save yourself some peace of mind. That is the only way you can make any real returns in Forex markets.
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