ForexOclock
We checked ForexOclock against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
ForexOclock claims to be owned and managed by Ideas Incubator SA, a company registered in Switzerland. Besides, this broker also claims to be powered by FXDD, which is regulated by the Malta Financial Services Authority (MFSA) with license number C48817. First, as per swiss law, All types of financial firms that include stock exchanges, stock brokers, forex brokers, banks, insurance companies, securities dealers, fund managers, and any other kind of entity that deals in the financial markets shall be authorized by the regulatory watchdog Swiss Financial Market Supervisory Authority (FINMA). However, we did not find any match results to ForexOclock or Ideas Incubator SA in FINMA. That means ForexOclock is not an approved broker in Swiss. Second, we indeed find a match result to the license number in MFSA. However, the regulatory details in MFSA only match FXDD, which does not mean that this broker is also regulated. We consulted FXDD's customer service, who informed us that FXDD is not affiliated with ForexOclock in any way. The truth is that ForexOclock is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is 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 ForexOclock.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.