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What is FormanFX.com?

FormanFX.com is a website that provides forex trading services. The website is owned and operated by an entity called Forman Capital Ltd, which is registered in the Republic of Seychelles. The company behind the website is not regulated by any financial authority, which means that it is not subject to any strict rules or oversight. This is one of the reasons why we believe that FormanFX.com is a scam forex broker.

The other reason why we believe that FormanFX.com is a scam forex broker is because it offers very high leverage ratios of up to 1:500. This means that traders can take on very large positions with very little capital, which exposes them to a high degree of risk.

How does FormanFX.com work?

When you visit FormanFX.com, you’ll see a login page. This is where you’ll enter your account details to access the broker’s website and trade forex.

Once you’re logged in, you can explore the different features of FormanFX.com. The broker offers a variety of tools and resources to help you trade forex effectively.

One of the most useful features on FormanFX.com is the economic calendar. This tool shows you upcoming events that could affect the forex market. This way, you can plan your trades around these events and potentially make more profit.

Another great feature on FormanFX.com is the live price charts. These charts show you real-time data on currency pairs so you can make informed decisions when trading forex.

FormanFX.com also has a demo account available so you can try out the broker’s platform before committing to a real account. This is a great way to see if FormanFX.com is the right broker for you.

What are the pros and cons of FormanFX.com?

FormanFX.com is a website that offers online forex trading services. It is one of the many online brokerages that allow people to speculate on the movements of currency pairs. While FormanFX.com may be a legitimate business, there are some concerns about its practices that investors should be aware of before using its services.

The main pro of FormanFX.com is that it offers a high leverage ratio of 1:500. This means that investors can control a large amount of money with a small amount of capital. For example, if an investor has $1,000 and uses leverage to trade with $500,000, then their potential profits (or losses) would be 5 times greater than if they had only traded with their own $1,000.

However, there are also some significant risks associated with high leverage ratios. Because investors can control such large sums of money with relatively little capital, they can easily incur heavy losses if the market moves against them. For this reason, many experts recommend against using leverage ratios higher than 1:100.

Another potential downside of FormanFX.com is that it is not regulated by any major financial authority such as the Securities and Exchange Commission (SEC) in the United States or the Financial Conduct Authority (FCA) in the United Kingdom. This lack of regulation means that there is no guarantee that FormanFX will act in its customers’ best interests or that it will not engage in fraudulent activities

Is FormanFX.com a legit or scam forex broker?

FormanFX.com is a new forex broker that has recently launched its online trading platform. The company claims to be based in Estonia and to be regulated by the country’s financial watchdog, the Financial Supervisory Authority (FSA). However, there is no information on the FormanFX.com website about the company’s owners or management team.

The FormanFX.com website is relatively well-designed and user-friendly. However, there are some red flags that suggest that this broker may not be entirely legitimate. For example, the “About Us” page contains very little information about the company and its history. In addition, the contact information listed on the website appears to be fake.

One of the most concerning things about FormanFX.com is that it does not appear to be properly licensed or regulated by any financial authority. This means that the broker is not subject to any oversight from a government regulator and could potentially be operating illegally. Furthermore, it also means that investors do not have any protection if something goes wrong with their investment.

Overall, we would say that FormanFX.com appears to be a bit of a risky investment at this time. We recommend that potential investors proceed with caution before investing any money with this broker.


FormanFX.com is a popular forex broker that offers traders a variety of features and benefits. However, there have been some complaints about the company’s customer service and withdrawal process. Overall, we believe that FormanFX.com is a legitimate broker, but it’s important to do your own research before investing any money.

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