Does treasure forex is a scam ?

By Treasure forex, from Canada, January 13, 2022 at 10:03 PM

Can tou confirm that treasure forex is a legit broker

Answer: Hi Treasure forex,

Treasure Forex claims to be a globally recognized retail and institutional economic company. According to its website, the broker is located in London, UK and is authorized by the US NFA. However, we were not able to find any records about this broker in the FCA register. Additionally, TREASURE FOREX GLOBAL LIMITED is not a member of the NFA and is not overseen by this regulator. Considering all these facts, we can assume the broker has no license and is not allowed to offer its services.

We never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

9 responses to “Does treasure forex is a scam ?”

  1. Hi Treasure Forex —
    I am wondering about Treasure Forex too, whether they are legitimate or not. What was it that made you think they are a scam?

    Was it the 25% personal income tax they ask you to pay?

    • Hi! I am looking to find answers about Treasure Forex – are they a legitimate company. They will not release the money I have earned, instead they keep asking for more and more money – first it was that I need to pay taxes and after I paid them the taxes – they asked for security deposit and I paid for the security deposit, then they came back with that I need to pay security clearance and I paid them that as well and after that they asked me to pay fees, which I also paid and now they still will not release my funds(earnings I made on investment). They are now asking me to pay money to become a VIP member and only after I pay them to become a VIP Member they claim they will release my funds. Every time I pay them, they keep asking to pay for something else or the other. They don’t have a phone number I can contact them. They only communicate via text. I am out of money now and have no more money left to pay them additional money to get my money – I am not sure if this company is legit and does paying all these taxes, fees, deposits etc., is even required and is it legitimate. How am I supposed to get my money?

      • They are a scam, they won’t allow to withdraw from them, they are not regulated, they using fake profiles on dating apps to lure people to invest through MT5 using their phony brokerage firm.

        • Yup youre exactly correct. I got scammed out of $21,000 they claim i owe an international tax of 16% to withdrawl the funds. Romance scam off of Plenty of Fish

  2. Is this company legit after paying them a ton of money in taxes, security deposits, security clearance, fees and more fees – they still will not let me withdraw money I earned in investments. They are now asking me to pay to become a VIP member – is this company legitimate and is it legal to require money to withdraw money. Does anyone know – it is now starting to sound shady to me.

  3. They said you have to pay 15% personal income tax to withdraw your money. I’m on the fence now on whether to try. Anybody have successfully withdrawn? Thanks

  4. I had the same experience they are claiming I need to pay 18% of my international tax to repay the funds. I am reporting them to a bunch of governing agencies.

  5. I also checked with the NFA that Treasure Forex has a so called number on their About Us page and NFA sent me an email saying that Treasure Forex is NOT AN NFA member.

  6. I think I am also scammed from this Treasure Forex with site I did not make a research before investing and I have pay them 150,000$ and keep asking for more money for taxes, security escorts for delivering the money etc Does anybody know if there is any possibility to take some of the money back??

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