Forbes Capital Partners Broker Overview
- Website: http://forbescapitalpartners.org/
- Website Availability: No
- Address: (Alleged) Plot 16, Territorials Street, Mriehel BKR 3000, Malta
- Warning Notices: Financial Markets Authority (New Zealand) and British Columbia Securities Commission (British Columbia)
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
ForbesCapitalPartners.org is affiliated with the entity called Forbes Capital Partners, which continues to raise many concerns among global financial communities. Regulatory warnings and issues of transparency have put this platform into the folklore of warnings about it to unsuspecting investors.
Regulatory Warnings and Concerns
New Zealand: Financial Markets Authority (FMA) Warning
Forbes Capital Partners is not registered on the Financial Service Providers Register (FSPR) because, according to the Financial Market Authority, it has not registered as such within the FSPR. Registration on the FSPR is mandatory by law for any provision of financial services within New Zealand. Operating without the necessary registration means a serious breach of New Zealand laws and thus endangers investor funds.
British Columbia, Canada: BCSC Alert
The BCSC also cautions that residents should not deal with this entity. Forbes Capital Partners is not approved to trade or provide advice concerning securities or derivatives in this province, according to the BCSC. Such warnings only impinge upon the credibility of this platform even further.
Operational and Transparency Issues
Dubious Claims of Maltese Base
Forbes Capital Partners declares to use the jurisdiction of Malta, but the Malta Financial Services Registry revealed no such registration. This mismatch raises serious doubts regarding the proper location and possible bona fides of the company.
Unregulated Investment Offerings
This platform promotes high-yield investment schemes in the forex and cryptocurrency markets–fields already famous for their high volatility and inherent risk. Under such claims, it becomes very dubious, if not dangerous, given the absence of regulatory oversight.
Website Inaccessibility & Lack of Credibility
One of the most alarming red flags in the whole Forbes Capital Partners affair is that the website of ForbesCapitalPartners.org is currently not operational. Quite the contrary, the website cessation adds to the heap of growing concerns regarding the stability and intentions of the entity.
What Experts Say
Some independent reviewers have considered Forbes Capital Partners to be risky and unregulated. The lack of information on the company management, its team, and even its actual business operations is a trait common in schemes devised for deceiving investors.
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