W
William

1 reviews | Active since Sept 2023

04 Mar 2025, 15:15

Is 521 Forex Fulfilling Its Promises? A Trader's Perspective

<div>Anyone considering 521 Forex should carefully research and assess the risks before engaging with the company. Based on my experience and feedback from others I referred, there have been significant challenges that traders should be aware of. 521 Forex promotes trading bots and prop firm accounts, making claims that these tools will help traders succeed. However, their bot failed to comply with the rules of the prop firms they recommended, resulting in substantial financial losses. Despite multiple attempts to address this issue, the company has been completely uncooperative, ignoring refund requests and blocking communication. Additionally, their close association with the Prop trading platforms they aggressively promote, raises serious concerns. All the prop firms they recommended and earn commission from have failed to honour withdrawal requests, making it clear that they did not do proper due diligence as required as a Financial Service Provider. 521 Forex aggressively promotes these platforms but takes no responsibility when things go wrong. If you are considering 521 Forex, be aware that: Their trading bot caused accounts to be terminated due to rule violations. They recommend&nbsp; ***&nbsp;&nbsp;prop firms where withdrawals are impossible. They refuse to engage in any form of dispute resolution, even through their legal representatives. Customers who raise legitimate concerns are ignored or blocked. I, along with others, have lost a combined total of over R135,000, and 521 Forex has shown zero accountability. Avoid this company at all costs. If you have also been affected, I encourage you to report them to the FSCA, the National Consumer Commission, and other relevant authorities. Be very cautious when dealing with this company!</div>

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