FXCL Review, Forex Broker&Trading markets | Fxclearing.com is a BIG SCAMM WITH FAKE REGISTRATION.

https://www.fxclearing.com/ (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 Fxclearing.com 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!!!!!!

The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe. In order to protect investors, the funds of formal forex platforms must be managed by third-party banks, and investors’ funds and operating funds will not be mixed. Therefore, you can pay more attention to the customer deposit protection provided by the platform. If the platform or its employees claim they can guarantee profits, investors should beware, as this is almost certainly a false promise. It is possible that such platforms make such seductive claims in order to raise enough money to run away with. The most famous scam in recent years was the 2017 IGOFX scam, in which Zhang Xuejiao, the general agent in China, lured investors with the promise of profits. Nearly 400,000 IGOFX investors were scammed, swindling about 30 billion yuan. These are the so-called pyramid schemes, also known as Ponzi schemes. The website does not provide investment services or personal recommendations to clients to trade any financial instrument. Information on FairForexBrokers.com should not be seen as a recommendation to trade CFDs or cryptocurrencies or to be considered as investment advice.

That being said, let us know the details of different regulatory bodies based on the location. So, it is highly essential to know a broker’s or service provider’s location along with the headquarters. Also, check the regulatory status based on their location. You may check the reviews for our site or check the reviews from real users in different forums or social media. However, some brokers may show you screenshots or pictures of the different charts to prove themselves, which are super easy to make. In this case, they never show the losses; they only show the profits. So, whenever you ask about the background info about a specific period from those charts, they will certainly fail to produce. Increases the risk of bankruptcy; thus, the trader’s money remains at risk.

Cash Forex Group Review: Is CFX Legit or a Scam?

MTI does pay very, very slowly, so that’s their strategy to keep things going for a while. However, only time will tell how long that will last. John, I agree with a lot that you have said throughout the reviews. If I find a way to get ahead, I’m sharing it with others, especially the ones I care about.

Is a kind of trading scheme the targets the traders to defraud them. The scammers usually convince the forex traders by offering high-profit expectations from the trading market. Fraudulent activity in the currency market became common in early 2008. The second crucial category for inspecting a broker https://www.fxclearing.com/ are fees, commissions, and spreads. Always ask yourself, “How is this broker making money? ” and that can guide you towards figuring out whether a broker is legitimate or a scam. Our experts can’t emphasize enough that the most important factor when deciding whether to use any broker is licensing.

Commissions and fees

Like leverage spreads are also very important that you… GoldFX claims to be regulated by a Cambodian-based forex broker and the Kingdom of Cambodia. The latest warning from the Hong FOREX SCAM Kong regulator, SFC comes as watchdog cautioned against unlicensed Forex broker, namely Global-FX. We can then assume that $300 is the minimum deposit to begin trading with FXCL.

  • I hope those of you who put money in at least broke even.
  • You can also see a license number on the broker’s web site where you can inquire from the regulator’s website.
  • GoldFX claims to be regulated by a Cambodian-based forex broker and the Kingdom of Cambodia.
  • However, if you get lucky, you might stay safe.
  • If you feel anything pushy and uncomfortable, you should do that immediately.
  • It reminds me of the original Mr Ponzi and the non trading of stamps.

If you spent more time developing a proper trading methodology, you would become better and quicker in your decision making. ScamBroker.com is a broker reviews website, and does not offer any investing advice or service. Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website.

FXCL Fees, Commissions, Spreads

The broker told me a 15% commission on net profits, She signed me in Ausforex, she lost all my money, I found out she signed me up on a $60 per unit. I had asked her to fix the damage, she has ignored me, Ausforex will do nothing, to fix this. I have all the proof contents sent to Au forex, Is dishonest. The investments were good and I was earning a lot. I was able to withdraw some of it but when my money grew to $1000 they won’t allow me to withdraw my money. They ask to pay for an overdraft that was withdrawn from my account.
Further, you may also make a series of small investments to validate the broker scam activity. If you invest through a managed fund, you don’t have control over your money, and you might not be able to track your money. Therefore, the broker might use your fund for their own purpose. However, the true regulated broker allows you to track your fund in the managed account. Usually, brokers earn a commission from trading activity. Therefore, brokers tend to work on unnecessary buy or sell or influence traders to trade to earn commission from trading. Apart from the main forex scams types, we have mentioned above, there are some other types of forex scammer list out there too. The forex robot is basically a computer-made algorithm that is programmed in a way that can do trading-related jobs on behalf of the traders. Moreover, some robots can even help to make forex trading strategies.

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