FCXTrade is promoted as a trusted online trading network that provides investment solutions for forex, cryptocurrencies, and commodities. The company claims to attract traders with slick branding and a suite of premium-tier options. A closer look at the website turns red with warnings, bad customer reviews, and something bordering on a scam. This FCXTrade review brings you everything you need to know before laying down your cash.
FCXTrade Overview
- Company Name: FCXTrade
- Website: https://fcxtrade.com/
- Address: 34 New House, City of London, EC1N 8JY, UK.
- Regulation Status: Not Regulated
- Operating Since: 2023-04-18
- Warned By: Not warned by any regulator
Questionable Establishment and Domain History
On its website, FCXTrade claims to have been established in 2021 and is a UK-registered brokerage. But a quick WHOIS lookup says otherwise. The domain fcxtrade.com registration date is 18 April 2023. This discrepancy is the first big red flag. Why would an honest broker lie about the year it was founded? It shows an effort to gain lasting false respect or trust.
Claims of Fake Regulation
The second troubling thing in this FCXTrade scam survey is their licensing. FCXTrade claims to be under the supervision of the USA’s Financial Crimes Enforcement Network (FinCEN). However, when we checked FinCEN’s official registration list, it did not reveal any FCXTrade notification.
The fact that it is not clear where it licenses its operations, however, should be enough of a red flag to prevent anyone serious from trading with them.
User Experience and Trustpilot Rating
Real customers give perhaps the most damning indictment. The broker currently holds a poor 2.9-star ranking at Trustpilot. Some of the reviews describe upsetting events like:
- Blocked accounts without notice
- Denied withdrawal requests
- No customer support after deposit
- False promises of account recovery
One reviewer stated:
“Can’t access my money, and also got blocked. I don’t ever want to do this with this platform again.”
Such feedback is not unique. The FCXTrade scam is challenging to avoid, given the accumulating volume of comparable reviews that all seem to tell the same ugly story of deception.
False Promises, Real Consequences
Beginners usually rush to forex trading platforms that offer high leverage, profits with no effort, and multiple assets. FCXTrade applies the same techniques; however, once clients make a deposit, the story often takes a sharp turn – withdrawals are stopped, accounts are blocked, and no more communication happens.
Conclusion: Avoid FCXTrade Until Verified
This FCXTrade review says it all in direct terms:
- Fake regulation claims
- A contradictory founding date
- Not in FCA and FinCEN databases
- Negative user experiences
If You’ve Been Affected by FCXTrade – Take Action Now
At BrokersReviewer.com, we focus on fighting scams and helping to recover money from unscrupulous trading platforms and unregulated brokers such as FCXTrade. If you have money deposited at FCXTrade and have been getting the runaround from them regarding your money, or find your emails/calls going unanswered, you aren’t alone.
We offer independent research, reviews, guides, and tools for affected traders.
Here’s what we cover in our platform:
- Detailed broker background checks
- Regulation and license verification
- Real user reviews and ratings
- Resources to report misconduct
- Precautions to prevent future risk
Never let silence defend shady brokers. Visit BrokersReviewer to see reviews or to report your issues. We’re here to help guide you safely through itِ.
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