Brokers  /  Forman Forex

Forman Forex

Severe risk
🇦🇺 Australia · 5-10 years · since 2019-05-24 · Forman Forex Pty Ltd
Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot/5
Forex Peace Army/5
85
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Listed as “Scam Brokers” in industry watchdog records
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints1212%
Offshore registration108%
Transparency (site/info/social)10010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameForman Forex Pty Ltd
Headquarters🇦🇺 Australia
Founded2019-05-24
Years operating5-10 years
Employees0
Official website
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
InstrumentsFXIndicesCommodities

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
ASICMarket Making (MM)403863Australia

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
PRIME400:1$50,000/--
PRO400:1$0/--
STANDARD400:1$0/--

Review analysis AI

Across 1 recent Trustpilot reviews, 100% are 1–2 star.

0
Period:
What users complain about
Where reviewers are from
Hong Kong1

Real user reviews

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About Forman Forex

Forman Forex is a forex and CFD broker based in Australia, with records dating to 2019-05-24. It reports oversight from ASIC.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full Forman Forex review