Reported as a scam / unregulated
Why ForexOclock is on the register
ForexOclock claims to be owned and managed by Ideas Incubator SA, a company registered in Switzerland. Besides, this broker also claims to be powered by FXDD, which is regulated by the Malta Financial Services Authority (MFSA) with license number C48817. First, as per swiss law, All types of financial firms that include stock exchanges, stock brokers, forex brokers, banks, insurance companies, securities dealers, fund managers, and any other kind of entity that deals in the financial markets shall be authorized by the regulatory watchdog Swiss Financial Market Supervisory Authority (FINMA). However, we did not find any match results to ForexOclock or Ideas Incubator SA in FINMA. That means ForexOclock is not an approved broker in Swiss. Second, we indeed find a match result to the license number in MFSA. However, the regulatory details in MFSA only match FXDD, which does not mean that this broker is also regulated. We consulted FXDD’s customer service, who informed us that FXDD is not affiliated with ForexOclock in any way. The truth is that ForexOclock 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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.