Forexland
We checked Forexland against the AskCheck register. It has been reported (2023) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Forexland claims to be the trading name of FXland Limited, a company registered with the Marshall Islands Registry (IRI). While we did find matching entries in the IRI database, it is crucial to note that the IRI is a privately held maritime and corporate registry service provider that doesn't have the authority to issue licenses for forex brokers and regulate this industry. Mere registration with the IRI is meaningless in forex trading. Furthermore, it is strange that, in its legal documents, Forexland purports to be affiliated with another company, Nidex Limited that is registered in St. Vincent and the Grenadines under registration number 26124BC2021. However, neither the company name nor the number exists in the register of the Financial Services Authority (SVG FSA). In essence, Forexland is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Forexland.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.