Your access to this site has been limited by the site owner | is a BIG SCAMM WITH FAKE REGISTRATION. (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!!!!!!

It’s the most affordable and they even offer a free membership that allows you to test drive before you commit to anything. Also, I’m a member there and you can get personal help from me just for using my link. Of course, I will get a commission, which is exactly how affiliate marketing works. Will someone really trade for you if they knew how to win even just 60% of their trades? They would up the stakes and make more money for themselves. Trading is not an easy thing to do for yourself and there’s no way I would trade for someone else. I”m actually thinking of investing cashfx with the minimum of $300. I think you were too soft on the review, maybe it is because of the legal implications for not calling it a Ponzi scheme as it should be called.

Some brokers offer only their proprietary platform but look closely if this is the case. You have the right thoughts Ria and I don’t even know where to start . I guess we can start with rumors that CFX hasn’t been paying for a couple of months. That “issue with withdrawals” usually comes when recruitment is low. This also scares its members and they end up withdrawing their money, causing even more chaos and “issues with payments”. Thanks John for the review, I invested $300 can’t wait to cash out and run. I think the review is more than fair and with anything when it comes to investing money try to stay neutral and know that things happen. Almost a year ago I joined CFx and while it was paying generously, I wasn’t paying much attention of it. Then I became interested with another high-yield income scheme of Bitcoin which collapse at the height of COVID pandemic lockdown here in US.

Payment Options

Your money is not safe if you are trading with this unregulated, off-shore broker. You want to make chart analysis of data but how? Today, I am going to cover the Forex trading charts There are basically three types… 14 March, AtoZForex – Hong Kong’s Securities and Futures Commission , the country’s financial regulator, has issued yet another warning about unauthorized Forex broker.

Usually, forex scam listed brokers offer a reasonably large amount of profit that looks real. Usually, the offerings are not unrealistically huge, so that you can trust them easily. So, if you have proper education on forex, you can identify the offering and decide for yourself. Now that you know the types of basic forex scams, you should know the ways to identify them via the scam broker list.

Very High Spreads

They could close the door to newcomers tomorrow and it would still pay the commissions. • All bitcoin are held by a AAA rated international forex broker, kept in cold storage and insured. CFX would seem to be lucrative for those building teams. However, my understanding is that the rewards are generated from investment money coming in (30%) and going out (20%). This certainly raises questions and concerns for me. With CFX they mention their broker EverFX but as far as I ascertain your money is paid direct to CFX when you invest not into the broker. You can go with how long before people stop joining or when some kind of legal action is taken. I can’t really say, but the time will definitely come. Other than that, can’t really take a review serious when the author of the review pitched his own product multiple times throughout the review. Cashfx doesn’t need to be regulated by FCA because it doesn’t do trading.
I was convinced to join a broker by the name TRADERVC , they seemed to be in the UK . After depositing the money they told me that my money was lost in the field , yet they never told me that they will be money stealers doing the trading themselves not by myself. They also asked me to put more money so that they can gain the lost one but i refused. I invested and till now I can’t withdraw my account profit and balance.

For your convenience, WikiFX adopts the following rating system, along with rating instructions. In addition, the emergence of non-compliant trading platforms also makes well-regulated forex trading platforms being stigmatized and questioned. Has a good chance of generating substantial profits. As a result, a large number of forex platforms have sprung up in the financial market in recent years, and they are of variable quality. In this GoldFX review, you can find detailed information about account types offered by the broker, minimum deposit, leverage ratios and funding & wihdrawal methods. You will also have information about GoldFX scam or a reliable broker. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. Potential clients without sufficient knowledge should seek individual advice from an authorized source. CFDs and cryptocurrency trading entails significant risks and there is a chance that potential clients lose all of their invested money.

  • The main thing for me is I don’t know if these kind of high returns 1 to 1.5% per day / everyday is actually possible.
  • Look at the spreads and commissions and check them against those of other regulated brokers.
  • Persistent and unsolicited marketing falls under this.
  • Although checking the regulation is not the full proof strategy, it will help you at the beginning stage.

They often said ‘I don’t really understand it or know how it works but I keep getting paid and my returns are good’. Doesn’t it ring alarm bells when people who have moved up the ranking actually do not understand it? They said were could withdraw in Dec 2020,they then said there is legal case cos. It’s worth remembering that I Markets Live were offering Copy Trading. That ended when the FTC took offence as they were prospecting US Citizens but were not authorised or licensed to sell securities. Prospecting US clients in way this will land you in trouble. I actually put some money in Mirror Trading International Leon. They are nothing different from CFX, so you can refer to the review and some of my comments for exactly what MTI is.

The main goal of those brokers to lure the money. However, if you get lucky, you might stay safe. So, it is important to know the types of scams and the ways to avoid them. Some scam brokers restrict clients to their own platform which may not be a platform at all, but fake. Keep in mind that proprietary platforms are only as good as the brokers that develop them. Many proprietary platforms from high-quality brokers can provide an excellent trading experience. Look at the spreads and commissions and check them against those of other regulated brokers. When it comes to legitimate brokers and their commissions, fees, and spreads, every potential client has to ask themselves what they are comfortable with. However, if fees are the main way the broker is making money, that is often, but not always, a negative sign. For instance, many scam brokers will charge hefty withdrawal fees that don’t just cover service charges.

  • The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
  • We can then assume that $300 is the minimum deposit to begin trading with FXCL.
  • In terms of major currency pair spread, it seems higher than sector standards.
  • Cashfx also claims that recruiting others is beneficial, but not required to recieve payments on the cfx account.
  • GFX has a partnership relationship with GDMFX, a the New Zealand-based broker.
  • I can almost guarantee you that very little of that money is coming from trading.

Based on what we’ve discovered in this review, it’s highly possible that you get scammed by the broker. Given the speed of information transmission, some fraudsters may use social media to join investment groups or flaunt their wealth so as to attract your attention. The content they posted is mostly about the secret of investment, or how to create passive income or profit from the market easily. Aside from breaking the law, the point is that investors could end up losing everything. GFX SECURITIES Bahrain is a non regulated scam broker. Please invest your money with a regulated broker.

The forex trading scams you will find are usually simple and prey on the gullibility of people and the need we all have, to make more money. There are significant types of forex scams that exist. Knowing what they are will help you avoid them. In our broker reviews, we discuss trading products, such as stocks, commodities, ETFs, forex, options, CFDs, bonds, indices, and cryptocurrencies. This refers to anything that is regularly traded. Some brokers may offer a wide selection of trading products, whereas others may focus on one area, such as forex. Keep in mind that some types of trading, such as CFDs may be restricted in certain countries.
We may receive compensation from the companies we write about. Always verify that your broker, is licensed by your local financial regulator. FXCL Trading platforms, tools and educational resources are a vital part of the trading experience. Most brokers offer a selection of MetaTrader 4, MetaTrader 5, and a version of the WebTrader platform.

When the Scam Broker Investigator reviews a CFD Forex broker to see if they are a legitimate or scam broker, we look for a valid government license. The brokers license should be from ASIC Philippines or FCA United Kingdom. Most investors were directed to this firm via a trading software like Crypto Revolt. If you read the terms and conditions page at FXCL, you will see that your account will be terminated for using automated trading software. You can see they offer CFD trading on many underlying assets including; Forex, Commodities, Crypto, Shares and Market Indexes. Minimum deposit for a new trading account should be $250, but they account types page shows otherwise. This factor, however, requires close attention because it is often the area where people can be taken in by broker scams. Read the terms and conditions carefully and file a complaint if the broker suddenly slaps on fees that were not outlined ahead of time. The higher the tier regulator, the more accountability the broker has and the easier it will be to handle broker complaints.
What You Should Look for in FXCL?
Also one benefit of being a Cashfx member is you get to learn how to do trading yourself . Eventually, you can just trade on your own thru EverFX . Stands to lose everything if they do business with fraudsters. You can’t know because your due diligence is based on you being a seasoned entrepreneur. I’ve read your review with interest and curiosity. You keep on increasing your investment so you’ll earn more. I have been researching this and your review is the first one that actually explained what my intuition was telling me after watching a presentation.

Never heard of it but if you send me a link, I can work on a review for you. Yes, even if they have some differences here and there, the ultimate goal is always going to be the same with these types of sites. Have you also looked at the company called Mirror Trading MTI?? When CFX started they said they bought a $2m office and were in the process of fitting it out. The latest video said that Panama ports were closed due to Covid so materials for construction were delayed. They are still promising that an office opening is imminent. They make me money as we’re all told, but what’s their benefit? But as a trader myself, had loads of questions he couldn’t answer. There are some big winners but a lot of people are not going to reap the benefits.

We have some information about owner of (FXCL) SCAM company and its may be resident of USA: Alex Teplitsky

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