FcxTrade Review : Fees, Pros and Cons, Reviews by Real Traders

FcxTrade

Operating status: SCAM

Website: https://fcxtrade.com/index.html

Broker violations and abnormal records

Feb 27, 2022 BrokersView has reviewed that FcxTrade is an Unregulated Forex Broker
FcxTrade claims to be an authorized company operating within the United Kingdom. However, we didn't find any regulatory information of this broker from the UK's Financial Conduct Authority (FCA). That means FcxTrade is providing its services in the UK illegally.
Besides, FcxTrade states its regulation by the FSA of St.Vincent and the Grenadines (SVG FSA) and IFMRRC of Russia. Nevertheless, neither SVG FSA nor IFMRRC regulates, supervises or licenses international companies engaging in such activities. So FcxTrade is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam.

FcxTrade claims to be an authorized company operating within the United Kingdom. However, we didn't find any regulatory information of this broker from the UK's Financial Conduct Authority (FCA). That means FcxTrade is providing its services in the UK illegally. Besides, FcxTrade states its regulation by the FSA of St.Vincent and the Grenadines (SVG FSA) and IFMRRC of Russia. Nevertheless, neither SVG FSA nor IFMRRC regulates, supervises or licenses international companies engaging in such activities. So FcxTrade is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam.
Jul 07, 2022 BrokersView has found that FcxTrade is not working
On 8 Jul 2022, BrokersView found the domain https://fcxtrade.com/index.html is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

On 8 Jul 2022, BrokersView found the domain https://fcxtrade.com/index.html is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
Sep 25, 2024 Belize FSC issues a warning on FcxTrade
On September 26, 2024, the Belize Financial Services Commission (Belize FSC) issued a warning about FcxTrade, highlighting that it is not licensed by them. https://www.belizefsc.org.bz/warning-notice-fcx-trade/

On September 26, 2024, the Belize Financial Services Commission (Belize FSC) issued a warning about FcxTrade, highlighting that it is not licensed by them. https://www.belizefsc.org.bz/warning-notice-fcx-trade/

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.