Forex5 customer reviews

Updated: February 6, 2026
Forex5
Views10
Summary
Multiple reviewers accuse Forex5 of being a scam: the app shows inflated profits and allows small test withdrawals, then blocks larger withdrawals and demands additional payments to “unfreeze” accounts or cover alleged taxes, money‑laundering fees or reactivation charges. Reported demands range from a few thousand to tens of thousands of dollars, with victims describing losses from the mid‑four figures up to hundreds of thousands. Many say they were recruited by attractive Asian‑appearing account managers who promoted gold trading and promised high returns, then pressured for more deposits. Customer support is reported as unresponsive or blocking users, complaint emails bounce, and website contact functions allegedly don’t work. Some reviews name an associated broker (MULTIBANK) and describe fabricated bad trades or invented fees used to seize funds. A few people claim they eventually recovered money with outside help, but the overwhelming advice is to avoid Forex5 and any associated brokers or representatives.
James Hederson
01.07.2024 | 18:38

I would say this is worse because they just wanted more fromme , glad i listened to my aid and got out quick.

STEPHAN SOUTHWELL
19.04.2024 | 18:11

An Asian woman lured me into investing funds into this company. She showed me big profits that she was making. I invested thousands and it appeared that I was making money. Although I don't know if it was real. In the beginning, I was a a made a small withdrawl successfully. Then later, I tried to withdraw a larger amount and I was denied. I was told that I had to pay 20K in taxes before they would unlock my account.

Robert Rathbun Jr
05.04.2024 | 20:10

My experience has been nothing short of horrendous and life altering (for all the wrong reasons). I lost hundreds of thousands of dollars trading on this platform. The problem for me is separating the broker I was told to use (MULTIBANK) and Forex5 itself. I certainly encourage everyone to NOT USE MULTIBANK. The first scam was when I was told I had to deposit a 10% "fee" because of suspicions of "moneylaundering". My alleged infraction was I had incorrectly typed one digit on the BTC wallet address I was trying to withdraw money to. It took me awhile to figure out that they were simply preventing me from withdrawing funds. The second scam was a "capital gains tax" I had to pay on trading profits of $289000. I had to come up with over $89000 to deposit to MULTIBANK in order to have my account restored to "good standing". After I had come up with all this money, the broker still prevented me from withdrawing my money. It simply invented a fictitious trade that went bad and they took over $700,000. So please, please, everyone, DO NOT TRADE ON FOREX5 - they clearly do not regulate their brokers. Additionally, you will be contacted by an attractive young Asian woman who will recommend the Gold/XAU trade. Everything will be great for a few trades and then the nightmare begins. It has ruined my life.

Joseph
12.03.2024 | 16:12

I read everything about this company before I open account over there. Thanks to all of you, I didn't send them any money. my adviser's name was Monica.

𝐀𝐏𝐄𝐗𝐀𝐈 𝐃.. 𝐎𝐑 𝐆
03.03.2024 | 22:23

‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎

Jay M
27.02.2024 | 00:26

had 17k in account. my "friend" showed me how to withdraw $100 to test. it worked. Another day i tried to withdraw the whole amount. my account was disabled and told to pay 2000 to reactivate. of course you must avoid this scammer site.

JASMINEPECKER ATGMAIL
01.02.2024 | 13:44

I had a terrible experience with this broker after depositing about 37,000 USD they kept requesting more funds before I knew it was a deep end.I got some help and I got all my funds back recently.My username would answer all your questions

Yiraldy Beeman
01.02.2024 | 00:32

I have scammed as well- as somebody i know ( probably works with them) had deposited me some money and now they are saying I'm under suspension of money laundering and i have to pay 30K to get my " money back" what have you guys done or what can u do to get your money back? yiraldya @yahoo.com if somebody wants to get back to me and tell me your experience.

George Haskoor
31.01.2024 | 07:32

This platform is fraudulently freezing my account assets stating I am suspected of money laundering and illegally extorting me saying I must pay $40k USD to unfreeze my account which, if authentic, is worth $80k USD. My initial investment amount was $35k which was secured through a legitimate business loan. Needless to say I am not laundering money and I don’t have $40k and I now question the entire App, as it appears to be run by a deliberate crime syndicate of some kind which employs Asian women to seduce and entrust men to secure loans and invest in spot gold trading as a means to steal these funds through this scam. The fact that Apple has allowed this app to be sold is a huge issue. I will be reporting these events to all relevant authorities

IAN KAY
26.01.2024 | 23:23

I believe that the person that has given 5 stars is involved in this. I do not think this is a true review. Since I wrote my review the one that got me involved with Forex5 has been back in contact. She advised that I deposit again and recharge the account to see if funds are released. Screenshots of thousands being withdrawn. Customer service has blocked me even though I have said nothing disrespectful. email address for complaints does not exist and bounces. Main website then the contact buttons do not work. I don't know how many people read here before they act. If you do read this then do not go any where near forex5

玛玛丽
23.01.2024 | 11:44

That's great. $100,000.

Eric Wittrock
02.01.2024 | 21:54

They won't allow you to withdraw, they will keep scamming you off, so don't try to invest with them

Herry
11.11.2023 | 23:42

They won't withdraw your money. For withdraw money they would ask more funds to deposit into account. Its pure fraud, they are doing. One lady might be called her self from East Asian country contact you, and lure to invest money in trading and assure to get 15% profit on each trading and they would perform trading every week. This is pure fraud activity. I invest 72000$ from Forex5 , and as per Forex5 app I earned 75000$. But I could not withdrawals any single dollar. This is big fraud. So be aware for the same.

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