(FXCL) Markets Ltd. is compensated by the spread. Leverage may increase gains or losses.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.

Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Base information about Forex SCAM company:

Real adress in Philipines and company name is:

Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
639776459387 / 639155292409

Lea Jean Belleza
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines

James Tulabot
Team Leader

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines

Virgilito Dada
Account Manager

Elton Danao
Sale Manager
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

This trading software is very simple and easy to use for beginners. It is basically designed for a new online investor, that can’t figure out how to use the advanced trading platforms like MT5. They do not give you the option of using MetaTrader4, and there are no mobile apps available either. The main goal of a broker is to allow clients to deposit as much money as possible as early as possible and give the impression that you are legally losing money through trading.

  • A good broker must not only be regulated, but also have a good reputation, excellent trading conditions, and excellent support.
  • These complaints can range from issues related to execution periods of orders or requests, issues related to the functioning of the broker’s website, rates offered by GFX versus other companies, and so on.
  • On an average, brokers in the forex industry require their customers to make an initial deposit of around $100 – $250.
  • So, when a broker has a high spread, we would advise caution in your dealing with them.

If a broker gives you a hazy explanation or an ambiguous apology when this happens, you should reconsider your investment or, better yet, withdraw before losing more money. If Tenkofx is a no-withdrawal broker, there is most certainly an issue with their licensing. Working with an unauthorized broker provides no protection against broker fraud. A broker can do whatever he wants with your money as long as it is not regulated. Although a money recovery expert can assist you in recovering your assets, it is always a good idea to study a broker from the start.

Doll Wise ReviewDoll Wise Review

Doug Schadel, the lead researcher for the AARP’s Fraud Watch Network, said consumers often think they can’t be targeted by investment scams because they don’t have a lot of money to start with. We do not recommend trading with Fast Finance Uk Limited as this broker was suspected of being a scam. In general, the FCA advises UK investors not to invest with this broker. However, the Forex broker does not have a compulsory FCA license to do this. The Forex broker is licensed by forex scam the VFSC, but this is not enough to offer financial services or products in the UK or Europe. Forex, often known as FX, is a global marketplace where international currencies can be exchanged. The foreign exchange market is made up of currencies from every country. As a result, it is the world’s largest and most liquid market, as well as a legitimate marketplace. Currencies are traded based on an exchange rate, which is the value of one currency in relation to another.
For instance, many scam brokers will charge hefty withdrawal fees that don’t just cover service charges. Inactivity fees are normal, but if they are close to $100 for just a month or six weeks without trading, that is often suspect. It should be noted that the best brokers make money on spreads and a few on commissions. Our experts can’t emphasize enough that the most important factor when deciding whether to use any broker is licensing.

There are Three Sorts of Forex Scam Brokers Who Are Blacklisted

Proceed with caution if you are often approached by a Forex broker company that you have not directly contacted. It is usually preferable to seek information from acquaintances or reputable sources rather than reacting to an unsolicited message or phone call. One of the most important things to check for in any broker is who and where they are regulated. The Commodities and Futures Trading Commission, for example, regulates brokers in the United States . Brokers that operate in different jurisdictions will frequently hold multiple certifications from various government authorities. Top tier ECN brokers all use MT5 which allows the integrations of Expert Advisors and API trading systems. Not only do we inform visitors of whether a broker is a fraud or not but we outline the pros and cons of trading with them. Use this review to guide your trading decisions and do your own due diligence on FXCL as well. There are many cyberforensics companies out there, but none of them offer the same reliability, professionalism and customer service as

This company has stopped meeting its duties to customers and partners, as well as paying payments. “Vector Securities are arrogant crooks,” one consumer stated in a review. They simply vanished, the site was closed, and the terminal ceased to function.” It was said in another review, “I’d like to tell you about my bad experience with Vector Securities. ” Countless other similar evaluations have been written, indicating that this website is a hoax. The quantity of results for forex broker scams on the Internet is staggering. While the forex industry is gradually becoming more regulated, there are still many dishonest brokers who should be avoided.

Online Scam Brokers Blacklist

You should consider whether you can afford to take the high risk of losing your money. The most common sign of a broker scam or a Forex trading scam is that the broker is either not regulated at all or has a low-quality regulatory license. Any FXCL reviews will not only answer the question of whether the broker is licensed or not but will also give some insight into the regulatory body and point out if the license is top tier or not. See our full Risk Disclosure and Terms of Business for further details.

  • FXCL provides modern trading technology to users, as well as very competitive trading conditions and tight spreads on CFDs and other commodities.
  • It is also not regulated by any reputed financial or regulatory authorities.
  • The combination of offshore registration and a lack of control is risky.

The broker starts to create problems and you think you are losing money. Foreign exchange trading is extremely risky, which means that in addition to monthly commissions, it is very likely to lose a lot of money. The difference in foreign exchange trading is that you can even make a lot of money on your own without hiring anyone. Fund Recovery experts can help you determine whether your broker is a scammer or a legitimate broker.

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Meanwhile, GF’s investment banking business, one of the company’s most lucrative businesses, shrank heavily following the Kangmei scandal. GF reported investment banking revenue of 1.4 billion yuan last year and 1.2 billion yuan in 2018, down from 2.7 billion yuan in 2017. We found that the domain for this business is older than two years which could be an indication that this is a trustworthy business with an established customer base and experience in their field. We check all genuine customer reviews and show the number of approved and rejected reviews. However, just to make sure, we looked up all the awards this broker supposedly won. Legitimate awards always have the list of awardees on their websites. When we checked these lists, we found – obviously – no mention of either GFX Securities or its parent company. However, GFX Securities is asking its customers to deposit $1,000! The higher the spread, the more the broker makes, and the more money the trader loses. So, when a broker has a high spread, we would advise caution in your dealing with them.

In addition, people with knowledge of the matter said Lin’s resignation follows the failure of a hedge fund set up by one of GF’s Hong Kong units, which lost GF more than 900 million yuan in 2018. The score measures the authority of up to 20 most trusted backlinks. Backlinks are links from external websites to the business webpage. Calculated using proprietary rating algorithm based on the AI, analyzing 25 different parameters.

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