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Money & Insurance

Foregate

8 reviews

2.08 reviews
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About Foregate

Data updated
Website
foregate.com
Category
Money & Insurance
Location
Singapore
Status
Unclaimed
Last 12 months
8 reviews
Replies to negative
0% (0/6)
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Is Foregate legit?

Foregate (foregate.com) has a 2.0 out of 5 rating on OK.one, based on 8 user reviews collected here. It is listed under Money & Insurance and its reputation is poor. 75% of reviews are 1 star, a relatively high share; The business has not yet replied to negative reviews. Last updated 2026-10-24.

What people say

TOTAL SCAM, BEWARE

I SOLD all of my shares at the same price at which I originally purchased them. After completing the trade, your platform showed that I had 0 shares, but the transaction was not properly recorded and the corresponding funds were never credited to my account. Because the platform showed that I had 0 assets, I was unable to take any further action. Only after the market/bet was settled as a loss did the platform return the shares to my account. They keep your assets and wait the event to settle...if you lose, they will return them to you when they have no value. If you would have won, they would probably credit your early sale. It's a LOSE-LOSE scenario for you, to never pay out.

Decentralized my ass

Decentralized? Not really. There is no way to use your wallet and sign and broadcast transactions, BUT you need to send your funds to a wallet which they have private keys for. The deposits and withdrawals work fine, however buying and selling has a total of around 2% fee plus 1 USDT fee for withdrawal? The industry standard is under 0.1% so this is super high and pretty scammy. Also the welcome bonus was just 0.1*3 USDT which wasn't even enough to cover my fees. I will be taking my business somewhere else, thanks.

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