Forcap: reviews in 2022. Real broker or not?

• Categories: CFD-Brokers

Analysis of the Forcap Brokerage Company

Forcap attracts clients with its free account opening, round-the-clock support, and advanced technologies. However, the lack of reviews on the reliability and honesty of the company raises doubts. In our review, we will consider key facts about Forcap, verify its legal framework and commercial offer.

Business History and Experience Verification

Forcap has a complex history associated with well-known brands such as General Motors and Royal Bank of Canada. According to information on the platform, the company has been in existence since 1919 and offers a wide range of financial services. Nevertheless, the absence of reviews about the company raises questions about its reputation.

The Forcap website states that the broker started operating in the Russian market relatively recently, in 2021. However, an analysis of Whois showed that the site forcap.pro was created on May 16, 2022, which raises doubts about the company’s claimed experience.

The anonymity of the project leaders and vague office information also contribute to mistrust in Forcap’s operations.

Legal Position of Forcap

According to the company’s claims, Forcap Bank operates the brand with its headquarters in Limassol, Cyprus. However, checking the information in the Cysec registry showed that the company does not have a license from this regulator for its activities.

Forcap also claims to have a central office in Moscow, but this statement is also not confirmed. The lack of a license from the Central Bank of Russia to provide financial services in Russia raises additional doubts.

Investing Conditions in Forcap

Forcap offers various types of accounts for investors: Basic, Standard, Premium, and VIP. The required minimum deposits and account conditions are not transparent, and the promised returns and bonuses are highly questionable.

• Basic – minimum deposit of $2,500, leverage 1:500;
• Standard – starting contribution of $10,000;
• Premium – deposit from $25,000;
• VIP – minimum of $50,000, additional training.

Forcap promises returns of 1% per day, but the lack of confirmed data on fund withdrawals and customer reviews cast doubt on the reality of these promises.

Reviews of Forcap

There are not yet any confirmed reviews of the Forcap company. However, considering the controversial aspects of its legal status and investment conditions, it is necessary to be extremely cautious when considering collaboration with this company.

Conclusion

Forcap appears to be a company that can attract investors’ attention, but at this point, there are too many uncertainties and contradictions in their operations. Therefore, we recommend being cautious and avoiding collaboration with Forcap until clear evidence of their reliability and transparency is provided.