Warning: Is Forsage a Scam?

Is Forsage (forsage.io) a Scam?

Be wary of Forsage (forsage.io); it displays several signs of a fraudulent scheme.

Forsage appears to be a financial provider, but it appears currently not authorized by any top-tier authority, such as the FCA or SEC.

Scammed by Forsage?

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Can You Trust Forsage?

Our check confirms that Forsage does not hold a valid license.

Trading with unlicensed firms is highly risky. Trusted firms are always licensed with agencies like the SEC, ASIC, or FCA for your protection.

Forsage operates without this protection. As a result, there is no protection if they withhold your funds. Most investment fraud involve unlicensed entities, and recovering funds from them is difficult without expert help.

For instance, in Europe, unlicensed firms are outside the jurisdiction of the compensation schemes. In the US, they are not part of SIPC, so your capital is completely exposed.

How Forsage Might Scam You

Online trading fraud is evolving. Criminals use social engineering to take your savings. Below are typical tactics seen in brokers like Forsage (forsage.io).

Dating App Scams

The "Romance Scam" is a common method where scammers build trust over months. They build a romance online. Eventually, they mention a secret investment. It's a trap to get you onto a fake platform like Forsage.

Rigged Platforms

Fraudsters create websites that mimic real trading apps. They have charts and balances that increase. But it is a simulation. The broker manipulates the numbers to make you feel rich to deposit more. If you ask for a payout, the "profits" are gone.

Red Flags

• Cold Calling: They call you from "brokers" out of the blue.
• No License: The firm lacks legal registration.
• High Returns: They promise huge profits or risk-free trades.
• Withdrawal Issues: They refuse withdrawals. They demand "tax fees" before releasing funds.
• Aggressive Sales: Agents pressure you to invest bigger amounts.

Ignore positive ratings. Scammers often write their own 5-star comments to appear real.

Verdict

Our verdict is to avoid Forsage. It appears to be a fraud. Save your funds and find a regulated broker. Avoid forsage.io at all costs.