The Forexite brokerage project has a template web portal that does not attract attention at all. The intermediary website resembles a cheap fake, and therefore does not inspire confidence. Despite the faded cover, many traders fall for the tricks of the scammer and give him their savings. This review will help you understand how scam actually works.
What is the difference between a Forexite project?
The company calls itself a proven forex broker. It has been providing trade services since 1998 and has an impeccable reputation among traders. Each registered customer can count on the confidentiality of trade and personal data. The exchange intermediary ensures reliable storage of funds and instant payments.
Market players are promised safe systems for bringing deals to the international market. The client can carry out transactions with start-up capital from $1. He chooses a deposit that will seem the most comfortable. There is a demonstration account, its conditions fully correspond to the real tariff. The merchant receives fixed spreads and the ability to perform operations without slipping.
The Forexite contacts section provides very little information. The main way of communication is called correspondence through the contact form. The company claims that all information exchange takes place in encrypted form. The response time is from a few minutes to hours. It is noteworthy that the brokerage project does not publish phone numbers or addresses of its offices. Everything indicates that the creators of the office hide important information.
What conditions does the company offer?
Forexite talks about favorable conditions that each registered client receives:
- The recommended deposit is $500.
- Market players receive a margin multicurrency account.
- The refund period is up to 3 days.
- Opening, maintenance and closing of the account is free of charge. But for the maintenance of an inactive account, a fee of $5 per day is charged.
- The minimum transaction amount is 1 USD.
- The exchange platform is open 24 hours a day except weekends.
The brokerage firm has developed a unique working platform. Orders are processed on their own server. All positions are reflected in the price chart, it is possible to carry out fast transactions. A market player can freely choose a trading style. The work is carried out in the browser, and therefore the client will not have to download the application.
Replenishment and withdrawal methods
The deposit and withdrawal of money is regulated by the contract, which can be found on the website of the exchange intermediary. There are several ways to make a deposit. To deposit money, the market player must enter the brokerage system and register. In your personal account, you will need to open the “Payments” page and choose the appropriate method. Forexite claims that it does not charge for incoming payments, but the payment system may charge its fees. These deductions must be taken into account when replenishing the deposit.
The exchange mediator guarantees a quick withdrawal of funds, but in reality everything looks completely different. Forexite customers complain about poor technical support, account blocking or no payments. In some cases, the money is debited, but is not credited to the client account. Apparently, the company is engaged in fraud and does not return the deposit.
Market players comments
The office has a terrible approach to its traders. Managers work sluggishly, not fulfilling their obligations. A personal consultant should always stay in touch, but in fact, the market player has to wait a few hours. The platform works with suspicious lags that resemble a standard deposit drain. Brand representatives declare the availability of a license, an absolutely safe trading system. At the same time, the trader could not find confirmation of loud statements. Apparently, the office operates without legal documents.
The intermediary works on a primitive site with an old design. It seems that this web resource was created 20 years ago. In stock Only the web platform, it is impossible to download the system. The office promises friendly conditions, but sets spreads from 4 points. The terminal is wrinkling a children’s toy, technical support is not provided.
The Forexite company throws its customers in large sums. The money disappeared from the personal account, but there was no receipt of the card. The deadline for the application ended a week ago. Now the market player does not know how to return his earnings. During trading, traders have requotes. Customers are not satisfied with the proposed conditions.
The exchange mediator promises daily accruals, but they are not even in theory. Experienced traders are not advised to be led by loud promises that have nothing to do with reality. Everything indicates that the company does not make payments.
Why beware of Forexite?
There are a huge number of negative reviews on the network. The vast majority of clients accuses the pseudo-docker of criminal acts. The check showed that the Forexite office did not return the starting capital. It confuses people in every possible way, forcing them to invest a large amount and carry out erroneous transactions. The brokerage terminal is of no interest to a professional trader. This program is a fake, because the project does not put a deal on the interbank platform. We recommend avoiding the scam, which does not show its documents.
