ForexTD

After reviewing ForexTD, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is ForexTD?

On the surface, ForexTD looks like an ordinary forex and crypto broker. Its public site is presented at https://www.forextd.com/. But surface impressions are exactly what these operations rely on — the substance behind ForexTD is where the problems begin.

Is ForexTD regulated?

We could find no evidence that ForexTD holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Account dashboards that show “gains” with no real market exposure
• Aggressive “account managers” coaching clients to deposit
• Unrealistic profit claims and pressure to deposit more
• Opaque or anonymous corporate ownership
• No verifiable licence from a recognised financial regulator

Our analysis

ForexTD claims to be regulated by CySEC. But we don't find the correct information on CySEC matching to ForexTD. The truth is that ForexTD 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.

Can you recover money lost to ForexTD?

If you have deposited with ForexTD, 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.