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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!!!!!!

We are not responsible for any losses you may incur, by investing with a company mentioned on this website. Always verify that your broker, is licensed by your local financial regulator. Our thorough in-depth review of the brokers FXCL finds, that they give investors just a simple web-based trading platform called Panda. 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. Nope, some lady contacted me on IG and got me to trade with this company.

FXCL claims to have three trading accounts available with unusually massive deposits required. The cheapest, supposedly “beginner’s account” requires a deposit of $25,000 – which is a ridiculous amount for a starting account. The question is whether FXCL is a trustworthy company to invest in or just another scam in the industry you should stay away from at all costs. My broker accepts payment with standard methods, such as Visa/Mastercard, Wire Transfer, PayPal, or Skrill.

Deposit And Withdrawal

Invest a small deposit first, make a few trades, and try to make a withdrawal. Only if this process goes smoothly should you invest a larger deposit. After all, there is no such thing as being too careful in forex trading. Trading platforms can also engage in identity theft schemes and require a photocopy of your credit card, driver’s license, or other personal information. The Securities and Exchange Commission has received complaints of fraud related to websites offering binary options. A number of unregulated brokers like Fast Finance Uk Limited have been reported to cheat people. Thanks to the ease of information access and strict regulation, forex scams are not as prevalent as a decade ago. However, their persistent existence indicates that traders still fall for their frauds. Below we will provide you with useful information about forex scams and how to avoid blacklisted forex brokers that have been officially labeled as scams. FXCL Brokerage is a provider of financial services in the field of Forex and CFDs trading.
Keep in mind that some types of trading, such as CFDs may be restricted in certain countries. Many proprietary platforms of high-quality brokers can provide a great trading experience. Such brokers are only required to provide easy access to trading instruments, but nothing more. The problem with unregulated brokers is that they are untrustworthy and violate the rules. We do not recommend trading with Fast Finance Uk Limited as this broker was suspected of being a scam.

Reasons to Suspect FXCL  is Operating a Forex Scam

Therefore, our review of FXCL is a useful tool in making sound financial decisions. Most brokers have accounts that differ depending on the amount of money being traded. They can also offer perks such as lower commissions or spreads for high-volume traders. The Forex broker does not have a compulsory FCA license to do this. The reasons include but not limited to lack of regulation, failure to fulfill their obligations to traders, difficulty in fund withdrawals, manipulative trading practices, etc. This is the type of scam brokers that will grab your money very quickly and fly away at night to evade their responsibility.

The company offers its services worldwide through a simple but effective trading terminal. FXCL Review broker is regulated by the International Financial Services Commission . FXCL offers customers access to advanced trading technologies combined with highly competitive trading conditions and tight spreads for CFDs and different commodities. 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. The trading platform provided by the broker should be easy to use and intuitive enough so that traders can quickly access their accounts and trade. The trading platform should be very simple and user-friendly to help users conduct daily transactions. The broker must have a modern trading platform supported by advanced analytical tools and the latest foreign exchange technology. A good broker must not only be regulated, but also have a good reputation, excellent trading conditions, and excellent support.

FXCL Broker Review

Our experts are skilled in investigating sources of websites, viruses, networks and schemes to find the truth. 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 FOREX SCAM 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. Inactivity fees are normal, but if they are close to $100 for just a month or six weeks without trading, that is often suspect. Regardless of the trading conditions provided by FXCL, we do not recommend that you trade with it as it is unregulated and likely to be a scam.

  • In general, the FCA advises UK investors not to invest with this broker.
  • Although the lack of a license is not a guarantee that a broker is fraudulent, it is the one factor that comes up time and time again when we investigate broker scams.
  • You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Obviously, FXCL did not do any of the above, and can not even be regarded as a broker, but just a scam in the foreign exchange market.

Traders should trade with well-regulated brokers such as UK brokers or brokers in Philippines and reliable brokers such as Alpari and During our preliminary research on this broker, we came across a ton of FXCL reviews in which people said that customer service after the initial withdrawal was absolutely poor. While these platforms would be good in the hands of other brokers, FXCL makes unauthorized trades and traders have trouble withdrawing funds from FXCL. These account options may sound tempting, but trading on FXCL is nothing more than a scam. Many high-quality proprietary broker platforms can provide an excellent trading experience. Traders should trade with well-regulated brokers and reputable brokers. We recommend that all investors and traders avoid Fast Finance Uk Limited and other Vanuatu brokers. Before you sign up to a broker, always conduct thorough research on a broker with the checklist we have provided above. After you find the broker, do not commit all your funds right away. We recommend you try the demo account for some time before going into the live account.

Brokers By Licenses

With this lack of information and unregulated FXCL, funds are not safe. This is why it is important to learn more about FXCL before opening an account and sending money or submitting any documents. The above information is not enough to start trading with FXCL. Another missing feature on the FXCL support page is a list of several different FXCL employees, which many other brokers don’t do, especially the scam ones. Traders should trade with well-regulated brokers like UK or Philippines brokers and reputable brokers.
FXCL Complaints
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. FXCL is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. Forex is a high-risk trading instrument and is not suited for all traders and investors. Before deciding to trade Forex or any other financial instrument, you should carefully consider your investment objectives, level of experience, and risk appetite.

Brokers500 ReviewBrokers500 Review

One of the most common is to be frequently contacted by a forex broker that you know nothing about, and that person offers his assistance to help you gain big profits. If you are asked to provide information about your credit card, this is 100% a scam. Another sign is if you have difficulty in withdrawing your funds and the broker proceeds to give you thousands of excuses. As per our investigation, it is an unregulated and not a licensed broker.

If you encounter the next one on FXCL, you are likely to be scammed or involved in a scam. Due to lack of information and unregulated FXCL, funds are not safe. In any case, Vanuatu is an offshore zone and we recommend that traders choose carefully the brokers they will work with. We recommend that all investors and traders avoid FXCL and other Vanuatu brokers. Obviously, FXCL did not do any of the above, and can not even be regarded as a broker, but just a scam in the foreign exchange market. FXCL hides most of the trading conditions and raises suspicion. In summary, regardless of the trading conditions provided by FXCL, we do not recommend that you trade with it, because it is not regulated and may be a scam. He can cause huge losses to his customers, so in our opinion, he is a potential liar.

Also, it’s worth noting that only a small portion of beginners are able to make money consistently in forex trading. Forex is not a pyramid scheme, but some so-called brokers do operate as MLM companies. Just like any other pyramid scheme, they promise you a dream-like life where you can quit your job and travel around the world while money keeps pouring into your bank account. According to our FXCL review, it claims to return a good profit with the investment of a minimum amount of USD 250. But many traders have shown disappointment and submitted negative reviews for being scammed by it. Therefore, it is suggested to use an alternative for your investment.

  • After you find the broker, do not commit all your funds right away.
  • However, there are definitely experienced traders who make BIG money in the Forex market.
  • Find out if their ratings can be trusted by looking up unbiased and non-sponsored reviews on reliable media.
  • One reason not to trust an unregulated broker is there is no reason not to have a license.
  • Keep in mind that some types of trading, such as CFDs may be restricted in certain countries.

Potential investors can also try the FXCL trading platform for free, and then make the final decision by opening a free demo account. Like all leading brokers, FXCL provides customers with a series of account types to meet the different needs of different types of traders, from beginners to professionals. Like all leading brokers, Fast Finance Uk Limited offers its clients a range of account types to suit the different needs of different types of traders, from beginners to professionals. The available trading platforms are MetaTrader4 , which offers its clients tools to trade CFDs and all major currencies. Like most brokers in the industry, FXCL provides the popular MetaTrader 4 platform. The proprietary platforms of many high-quality brokers can provide an excellent trading experience. Try customer service when investigating a broker’s case, but remember that even rogue brokers will be friendly and helpful at the beginning, and then show their true colors. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity.

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