Horseforex

Horseforex presents itself as a legitimate trading platform, but the evidence tells a different story. Here is what our review of Horseforex uncovered.

Who is Horseforex?

On the surface, Horseforex looks like an ordinary forex and crypto broker. Its public site is presented at https://www.horsegroup.net/en. It claims to be based in Cyprus. But surface impressions are exactly what these operations rely on — the substance behind Horseforex is where the problems begin.

Is Horseforex regulated?

Horseforex provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.

Red flags we identified

• Opaque or anonymous corporate ownership
• Aggressive “account managers” coaching clients to deposit
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• No credible physical address or verifiable corporate record
• Offshore or shell-company registration used to avoid oversight

Our analysis

On 8 Jul 2022, BrokersView found the domain https://www.horsegroup.net/en is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended. Horseforex claimed to be regulated by Mauritius Financial Services Commission (Mauritius FSC) with license number C118023277. However, We can not find any matching result in Mauritius FSC. Horseforex is not under valid regulation of Mauritius FSC now. It is possible that Horseforex is a scam.

Can you recover money lost to Horseforex?

If you have deposited with Horseforex, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.