Forus Capital: customer reviews about the company
Forus Capital – a reliable partner for traders?
Looking for a reliable financial partner, every trader aims to see reliability, honesty, and assistance in developing their capital in it. Forus Capital promises all this to its potential clients, but is it worth trusting these promises – a question that we will try to answer.
What does Forus Capital offer?
Forus Capital positions itself as an international broker ready to provide a high level of service. In its promises, the broker mentions transparency, efficiency, and the use of innovative trading technologies.
Although the company does not indicate its experience in financial markets, claiming to have 14 offices worldwide (without specifying addresses), 7 liquid providers, and 284 experienced employees, data found through Whois on the foruscapital.ltd website indicate that the site was launched only in June 2022. This may explain the lack of reviews about the company on independent forums.
Despite the claimed quality customer service, the available contacts on the platform are limited to just a feedback form and email. Unfortunately, the email address turned out to be invalid. The feedback form, in turn, is used to collect personal data, which may lead to intrusive calls and emails from spammers.
Legal basis for operations
Based on our research, we did not find documentary evidence that Forus Capital legally provides its services. The broker does not provide scanned copies of the registration certificate and license.
According to official information, the company is managed by Cynosure Consulting LTD from Dominica (8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica). This address is often associated with fraudulent platforms that have negative reviews.
A check of the local regulator’s registry showed that Forus Capital does not have a license to provide brokerage services, indicating that this may be a fraudulent scheme.
What does the company offer to investors?
Forus Capital attracts newcomers with favorable cooperation conditions and access to various assets (currency pairs, stocks, indices). WebTrader is offered as a trading platform, which has negative reviews. The company offers three tariff plans with different conditions and a minimum starting deposit.
- Minimum deposit – from 250 to 19,000 dollars,
- Hedging of positions is available,
- Maximum leverage – from 1:30 to 1:100,
- Floating spreads – from 0 to 0.7 pips,
- Some account types have trading algorithms, zero commissions,
- Margin call – from 80 to 100%,
- Stop-out – from 60 to 80%.
No reviews confirming the possibility of fund withdrawal were found on independent forums. The company also offers copy trading and participation in an affiliate program for passive earnings.
Company reviews
On the Forus Capital website, there is a section with reviews, which are mostly positive. However, caution is advised as these reviews may be fake. Some clients claim to have been trading on the platform for over a year, which is likely not true.
There are no reviews about Forus Capital on independent resources. Users need to be vigilant and analyze information about the company before cooperating with it.
Fraud mechanism
Forus Capital is a scam project using various deception schemes. Each registered user is assigned a mentor who is supposed to teach and assist in trades. However, in practice, this amounts to simulating the trading process and attracting new investments.
When attempting to withdraw funds, the investor faces obstacles such as temporary technical issues or demands for payment of fake fees. After making a new deposit, the account may be blocked, and the company will cease contact. All contact details turn out to be fake, making attempts to contact support futile.
Independent review summary
The conducted check showed that Forus Capital is an offshore company operating outside regulators. We recommend being cautious and avoiding cooperation with it to prevent possible financial losses.