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ForInvest Group Review
ForInvest Group is a shut down forex firm. A US federal court permanently banned it from forex trading in 2011 after it operated with no CFTC registration.
Min Deposit
$2011
Spreads From
Not applicable, no verified trading service exists
Max Leverage
Not applicable, no verified trading service exists
Platforms
N/A
Pros
- The case against it is fully documented in an official US federal court order
- No new activity or live website has been linked to this name since 2011
- The court ordered its marketing websites removed, cutting off new victims
- Regulators acted decisively, banning it from forex trading for life
Cons
- Operated as an unregistered forex dealer, violating federal law from the start
- Never registered with the CFTC in any capacity, despite trading with the public
- Defaulted in court by never even answering the CFTC complaint against it
- Permanently banned from all commodity and forex trading by a federal judge
- Ordered to pay a 280,000 dollar civil penalty for its illegal operation
- Court records list it under two different legal forms, a sign of a shell company
ForInvest, also called ForInvest Group and ForInvests Group LLC in US court records, was a Delaware registered firm that solicited US investors for off exchange forex trades through the websites forinvest.net and forinvests.net. It never registered with the CFTC in any capacity.
In January 2011, the CFTC sued ForInvest along with 13 other firms in a nationwide sweep against unregistered forex dealers. ForInvest did not respond to the complaint. On June 17, 2011, a federal judge in Chicago entered a default judgment against it.
The court permanently banned ForInvest from all commodity and forex trading, ordered it to pay a 280,000 dollar civil penalty, and required its websites to be taken offline. This firm has been closed since 2011. Treat any current website using this name with real caution.
Min. Deposit
USD 2011
Max Leverage
Not applicable, no verified trading service exists
Spreads From
Not applicable, no verified trading service exists
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
