Forex Broker

RatingFX: independent rating of Forex brokers

Fraud schemes of scammers from Forex.ee

Nowadays, quick-witted brokers seem to know about psychology even more than psychologists do. Official websites of intermediary companies contain plenty of catchy words and phrases like “bonuses”, “promotional offers”, and “zero commission”. These words attract gullible and inexperienced traders. Dozens of them are tricked by scam brokers.

Forex.ee is one of these cunning brokers. Its catchy slogans such as “We help you earn money to live your dream!” and “Earn more together with us!” are nothing more than just one big lie. Let us see what the former broker's client says about his painful experience with Forex.ee. That is his explanation of Forex.ee’s fraud schemes.

Seaman sam | 16.03.2020

People should stop believing in free bonuses that can turn your $10 into $1,000 and then be withdrawn to your credit card. It’s a big lie. They give promises in order to keep you trading until you lose all your money.
Every week, Forex.ee offers you something like: “Make a deposit and win $1,000.” Then, they offer you to earn $5,000 in order to withdraw money at least once. It is absolutely not fair.

If we put emotions aside, the company’s fraud scheme is actually very simple: deposit – welcome bonus – the support service’s phone calls and promises that you can recoup all losses – second deposit – another account blowup. It is a vicious circle.

Trading platform

Let us see what sections the Forex.ee official website features. Its Trading platform section guarantees you only successful and profitable trading.

Here is what the traded under the nickname sheffchen thinks about “the most popular trading platform”:

It’s a weak company with poor support service. The platform froze for 15 minutes and nobody from the support service opened my message in Live Chat. They simply ignored me. I was lucky enough to set a Stop Loss and Take Profit. Otherwise, I would rip Forex.ee to pieces!

Withdrawal of funds

Anyway, the worst is yet to come…Traders face significant problems with withdrawing funds. Every second Forex.ee trader can tell you about it. They all are equally discontent even though they have lost different amounts of funds.

In fact, sometimes non-payments last for months and even years. The broker prefers to hold traders’ positions until the most unfavorable closing moment or until they go into negative territory.

Tigr99 | 19.11.2020

Do not trust Forex.ee. I deposited $60,000. Finally, when I decided to withdraw the funds, they turned me down. It turns out I must pay an 18% commission in order to get my money back. If you know how to return the money, tell me, please.

Roman Lonsky | 07.10.2020

Forex.ee is a scam broker. On September 2, 2020, I withdrew $400. I am still waiting for the money. They told me that my account was being reviewed and they would let me know about the results. In fact, I tried to withdraw the money I had invested and not the profit. I believe that those who want to invest in this broker should better think twice.

Offshore broker

Reading all these negative comments, we would like to ask you: “Guys, you decided to cooperate with an offshore broker. What did you expect? Anyone who knows at least something about trading knows that cooperation with an unregulated offshore broker involves serious risks, money loss, and fraud. There are many reliable licensed brokers. Why couldn’t you have chosen one of them instead?

Constantine | 15.04.2020

You can forget about withdrawing funds. We are talking about an offshore broker registered in such an exotic country as Saint Vincent and the Grenadines. Only corrupt people hide their money in a country like that. So, don’t even think about cooperation with this offshore broker.
Mobile trading available
Offshore company, no details on funds withdrawing

Slow support service

The cherry on top is Forex.ee support service. In fact, the company’s official website features numerous contact options. The company invites you to call them any time and is ready to answer all your questions.

Meanwhile, the reality is completely different. Traders are full of hope that the support service will help them. They start calling, and then...

Victor | 19.08.2020

The problem is not only in the scam broker or impossible funds withdrawals. It is also about the company’s support service that doesn’t know how to treat clients , as well as its poor knowledge of the market. I contacted the support service whenever I needed answers. I asked them for help. It turned out the support managers did not know the basics of trading. It seemed that they googled everything before answering my questions. Don’t waste your time on this broker.
“funny” support service
Incompetent support team, impossible to withdraw funds

Art | 23.11.2017

It is a scam broker. I can’t withdraw my money. In the beginning, support managers call you asking to replenish your account. But the moment you send a withdrawal request, they stop replying to your messages. I can’t withdraw my money for six months now.


Simply put, Forex.ee is one of those online scammers and fraudsters. The main proof is hundreds of angry comments left by the company’s former and current clients. In fact, the deceived traders are even ready to provide screenshots and documents to prove the broker’s fraud schemes. So, before you decide to cooperate with the broker and deposit funds, you should carefully read all the reviews about Forex.ee available on the Web.

You should always remember that there are many reliable regulated brokers worldwide. They offer favourable trading conditions. You will definitely pick up a partner among them.

The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
Author: Freddy | Data de  2021-09-17
All I want now is peace of mind. Forex.ee has damaged me so much. This was my first ever broker and my experience was already terrible. On my first attempt to invest in the Forex market, I was fooled and robbed by a broker. As far as I know, the owners of the company were never caught. I just wish that they won't start their operations again.
Author: Natasan | Data de  2021-09-07
I was not knowledgeable about offshore brokers before. All I know was that all brokers are the same, just different companies. So when I opened an account at Forex.ee, I did not expect that I would only end up losing my entire investment. The broker vanished and never contacted me again.
Author: Jerru | Data de  2021-08-23
I invested a total of $800 at Forex.ee. It has only been three months but I already made huge profits in my account. Naturally, I would want to withdraw that, but the broker did not allow it. Instead of releasing my money, the company blocked my account and until now, I still can't contact them.
Author: Renee | Data de  2021-08-11
There are so many brokers in the market and I admit that it is pretty difficult to identify the real broker from the frauds. And with that, I unfortunately opened an account with a fraud broker. Right after depositing the money to Forex.ee, they just closed my account.
Author: Reed | Data de  2021-08-02
I did not know that Forex.ee was an offshore broker. I hate to admit it but I did not really have an idea. I have read a lot of positive feedback about the broker before I opened an account and I thought that I will not have any problem. But then in the end, I only lost all the money that I invested.
Author: Kaine | Data de  2021-07-28
The broker took advantage of my lack of knowledge. I was only starting to have an interest on the Forex market that is why I started to read a few materials to learn about it. I also started looking for potential brokers. Then this company called me out of the blue, inviting me to trade with them. With the lucrative offers, I was not able to resist. In the end, I only lost all the money I deposited.
Autor de fraud_schemes_of_scammers_from_forex: Oised | Data de  2021-08-18
It is common among fraudsters to target newbies. I also became a victim of this broker and it taught me so much. I realized that I should not look for easy ways to earn money because there is no such thing as that. When a company promises you returns, it is most likely a lie.
Author: Mursal | Data de  2021-07-19
I received an email from Forex.ee. I opened the link out of curiosity but I closed it too because I was not interested. But then the following day, a representative from the company called me and tried to convince me to open an account. I refused and ended the call. But they kept calling everyday and even though I said the same thing over and over again, they did not stop. I just knew by then that this is not the type of broker worth trusting.
Author: Caisa | Data de  2021-07-15
I knew something was wrong about Forex.ee. It was just a hunch because I really could not point what was wrong, but thankfully I listened to my hunch and retreated from registering an account. I could have been a victim as well and I could have lost a huge amount of money.
Author: Corey | Data de  2021-06-29
I knew right away that something was wrong about Forex.ee which is why I did not continue opening an account with them. Sadly, some of my friends still went on and they said that after depositing money, they lost access to their accounts and the broker won't answer to them.
Author: Zatarain | Data de  2021-06-23
I was never able to withdraw my funds from my account at Forex.ee. The support representative said that I just had to wait for the transaction to be completed but months have already passed and there was still no progress. In the end, the representatives never spoke to me again regarding the withdrawal issue and I never got my money back.
Autor de fraud_schemes_of_scammers_from_forex: Karan | Data de  2021-09-03
I think this is a pattern that is common among fraudulent broker. When they tell you to wait for your withdrawal request instead of processing it right away, there is a good chance that the broker is only lying to you. Legitimate broker do not have a reason to hold you funds or delay the release of your money.
Show more

Adicionar comentário
Brokers Reviews

30% de bônus em todos os depósitos
Alavancagem 1:1000

Forex charts and quotes

Ofertas especiais
Comece a negociar sem
riscos e investimentos
Com o novo bônus Startup de $1000
Receber bônus
da InstaForex
em todos os depósitos
Earn up to
for inviting friends to get StartUp Bonus from InstaForex
No investments required!