FXCM is a broker who, under the guise of honest men, takes your money

Full review of FXCM broker: money scam!

Content analysis of an online broker: cheating money!

FXCM - An unofficial offshore online broker considered very slippery. In this analysis, we will take into account the different aspects of his work, and we will also tell our readers why this stock exchange has a terrible fame and is not worthy of your attention.

The pseudo-broker suggests that it provides software for the purpose of trading, although we have not been able to obtain admission to the software even for test work, which is already quite indicative. In this analysis, we want to discuss these and other significant nuances about FXCM - a Forex stock exchange, whom we insist on bypassing the tenth road.

FXCM leverage: scammers want more money

Therefore, there is no longer any doubt that this pseudo-broker does not need to be trusted, we will not consider the spread and leverage at the current time. Nevertheless, we consider it important to discuss the following point. Broker FXCM notes that the trader has the prospect of trading in debt with a leverage of 1 to 400.

This is an all too alarming relationship that has not been resolved for many years in various states around the globe. Just because of the above-described prohibitions, official online brokers from the European Union and Australia are obliged to reduce the leverage to 1 in 30, while for large money firms, Canadian and American online brokers - to 1 in 50.

But Switzerland is considered special in this regard, as local online brokers are trusted, even if their leverage is not regulated. For this reason, literate and passionate online traders who have the opportunity to open an account in Switzerland can take risks without fear.

You should memorize the leverage limits as you will be able to spot fraudulent companies as soon as you spot them. Again, an online broker that does regulated work in the UK simply cannot advise you to trade with a leverage of 1 to 400 or close to that. It immediately becomes obvious that they want to cheat you in this way, to force you to take a round sum on credit, and later to appropriate everything.

FXCM underdog broker: reviews of former clients

In order to avoid a divorce from the filing of swindlers, we advise you to first look at what different traders write about the organization in which you plan to invest money.

Having carried out a thematic review of social networks (Facebook, Twitter, Instagram ...) and thematic sites, our experts found out that there is very little data about this company, you can see excellent comments with all indicators of a custom nature, and a couple of traders are dissatisfied with their personal experience of trading with an online broker , and left unequivocal reviews about it. FXCM is by all indications a slippery stock exchange, if you are now deciding whether it is profitable to invest in it, we strongly advise you not to do it, no matter how tempting manipulators hang on your ears.

If you are not afraid to become another victim of a black online broker working under a fake company, do your own investigation every time to get started, study the reviews, read reviews, documentation, consult with experienced stockists, and only then trade. Still, there are quite a few money deceivers, especially those who associate themselves with the financial market Forex. FXCM is a separate case from a dozen or even hundreds of such fake brokers.

Failure to comply with global monetary rules

Moreover, if the organization says that it has registered divisions in the United Kingdom and Australia, which means that the company needs documents certified by the British FCA and Australian ASIC in order to provide Internet services on the market in these jurisdictions. Look for the broker's presence on the Companies House public listing on the UK government website.

As we thought, this pseudo-broker has not been identified in the registry, therefore we can truthfully say that he does not comply with global monetary regulations. FXCM's divorce is brazenly bluffing at every turn.

Find out this information in advance and find companies with a good rating and a sensational name. We advise them, because regulated firms are backed by special investment insurance funds that exist to protect depositors' funds if something does not happen as planned.

The bottom line is clear: FXCM is a pseudo-broker who cannot even be called a broker. This is an ordinary office, the raison d'être of which is to instantly lure out as many investments as possible from naive people, and then hide from the Forex market, later, when ready to appear under a different pseudo-brand and engage in similar charlatan activity.

The legal certifications and agreements demonstrated by the fraudster also raise many questions. However, it is impossible to name the language as documents, these scanned pieces of paper. Information about the opportunities and obligations of the parties to the agreement is inaccurate, information about the formation of the organization, its founders and leaders is not named. As a result, the pseudo-broker does not hesitate to destroy the user's account as soon as he pleases and will not incur any punishment for the incident.

How old is an online broker? - even our experts did not foresee this!

The online broker's website states that the firm has been providing impeccable financial services to brokers from all over the world for a long time, and the firm's employees are skilled traders with at least 10 years of experience in the foreign exchange markets.

The pseudo-broker also claims that it has several thematic awards, maintains branches in Britain, Australia, and New Zealand, and also serves over sixty thousand active users around the globe, it would be undeniably impressive if we had there was reason to believe this.

Still, it's extremely easy to face facts! We check the FXCM domain name and get the data that it arose on July 30, 2021 - less than 30 days ago. Did you have a presentiment of such a state of affairs? Here's a screenshot.

Broker name FXCM is a scam for beginners!

Plus one more indicative fact, which also did not escape our consideration - the name of the broker itself. The name is too consonant with the well-known FxPro of a really operating, licensed in the United Kingdom online broker with more than a good assessment of experts. Only a novice online trader or a currency maker tends to easily confuse these brokerage firms, since automatic correction in search engines also edits the FXCM we criticize on FxPro. And the most absent-minded clients, for whom all this cheating is planned, may not even notice the difference at all by looking at the responses and data about FxPro, while the fake services are being sold to them by FXCM scammers, about whom there is very little data on the Internet at the moment. And this is not surprising, since during the compilation of our analysis, the swindlers' website did not even pass a month.

It should be noted that fraudulent brokers use such techniques all the time, since their clients, as a rule, are not at all familiar with stock exchange traders and tend to very easily mistake one firm for another. Plus, if the psychology and brain composting pros are lying to you.

Is there an option to test a demo account?

But it is possible to find out certain data and without having the resources to try out a personal profile and software directly. For some reason, FXCM does not make it possible for traders to try out a demo account or get admission to platforms, which further weakens the credibility of the company, although it equates to 0 even without it. Any registered online brokers must, according to the rules, show trial versions of the platforms used. so that users have the opportunity to perform transactions with unrealistic funds and make a reasonable decision in the question whether it is advisable to maintain a real account with this or another online broker even before investing real capital. FXCM once again points to unreliability.

A couple of suggestions about Meta Trader

Talking about the software, taken separately, Meta Trader 4 and Meta Trader 5 are operated by various official online brokers that have certified documentation and provide the best Forex platforms available. Meta Trader are favorites in stock trading with advanced features such as advisors, myriad indicators, and easy-to-use charting tools. In addition, the terminals contain a trading platform with more than 10 thousand programs and developments of various programmers, which is considered a recognized plus. But to understand all this will take a lot of patience.

What's wrong with the broker's official phone number?

Our specialists were awaited by surprises with a telephone. The phone is under the jurisdiction of the Czech Republic. You might think, what does this country have to do with this broker? So full of problems and so little understood. After checking the phone, our specialists came across a sea of condemning comments that report the same - this is a contact of money-scammers, impostors who call day and night, offering their Internet services. We recommend our readers to look at the proof.

However, this is not all the information! The same contact is seen on the website of another similar online broker under the name Comax Invest. We do not even believe that this is not very well calculated by these scammers.

Software for working with FXCM: Forex Metatrader 4, 5

FXCM says it provides profitable and relevant online platforms MetaTrader4 and MetaTrader5 for trading, but our specialists did not dare to get access to any of the options due to KYC and AML (fight against money legitimation).

Illegal organization www.fxcm.com - we will evaluate

For the introduction, we structure all the materials publicly available to everyone from the pseudo-broker's website, and then arrange this data in a form that is understandable for you.

FXCM is a subsidiary of a firm believed to be incorporated in the Marshall Islands, and the scammers wrote this registration address: Trust Company Complex Ajeltake Road Ajeltake Island, Majuro Marshall Islands MH 96960

And although we do not guarantee whether this is true or false, in view of the fact that the indicated territory is so problematic that it is virtually impossible to verify this business. But we tried to find a broker in the data array of firms located in offshore territories.

In this case, the FXCM swindler told us a lie - not a single company with this name was found. As a result, we couldn’t find out a thing about the state and owner of the organization, and this portrays FXCM as a very dangerous Forex entity. at the current stage of our analysis, we can confidently write that FXCM is a charlatan who does not own any publicly available information about registration and regulation methods.

But even this kind of registration is considered unreliable, since the Marshall Islands now do not have foreign exchange competencies, not to mention state control in the Forex market.

In fact, the state is identified as a bait for deceivers simply because of its clarity and lack of regulation. Thus, even if we found our pseudo-broker in the data warehouse, this would give us absolutely no guarantees and would not force the organization to conduct personal activity, obeying a set of laws fixed by the state. Because these requirements do not exist, as well as the hands of the regulator. However, it is even more exciting further.

And if you take a chance? Under no circumstances!

Are FXCM Licensed? Is it an offshore company? This is the most important information you need to know about an online broker before trying to do business with them. The bulk of online brokers are not licensed or run by a shadow control center that will not come to the aid of traders when problems arise. Remember that if a stockist takes your money, you will not be able to file a complaint until the company obtains a registration document from a major regulator, for example:

An unlicensed online broker obviously cannot operate in any regulated country, so it really isn't profitable for you to invest in one. Traders definitely need to keep clear of all informal or offshore financial firms. And that turned out to be FXCM.

Identity verification process

Confirmation by passing KYC requests copies of such documents:

We have previously investigated that the FXCM scammer is a hidden offshore pseudo-broker that deliberately does not disclose its own business data, and also tries to avoid all applicable regulations. For this reason, we will never dare to send scans of our own documents in order to get a real profile or account. Therefore, we do not advise you to do this, even for the purpose of an experiment, since the risk of identity theft is extremely high.

Negative balance and online broker FXCM: what does legal law say?

We talk about control and regulation all the time, because this is a very fundamental point. This is a guarantee that accredited online brokers will abide by the regulations and will not dare to violate the laws, in particular, take away currency from their own users. And registered companies are also required to provide accurate cybersecurity indicators and, in particular, regulators of the European Union and the United Kingdom are forced to provide protection from a losing balance. Thus, users are not able to lose more than the invested money capital, and if their balance turns out to be negative, online brokers are obliged to return the account to 0 without additional payments.

investing and withdrawing currency from the FXCM account

the simplest deposit is one hundred bucks, which is more in line with financial standards. However, as we pointed out earlier, FXCM is dubious, which is why it is not necessary to donate a penny to extortionists until they give some decent authoritative license.

When it comes to investing, the pseudo broker says it provides a variety of ways. However, we were unable to double-check this information, since we were unable to verify their investment mechanism due to the aforementioned KYC and AML conditions. But even now it is quite obvious that the trading platform, which is controlled by the scammers, is from start to finish under their supervision, therefore, you will be able to withdraw money only when FXCM scammers give you the opportunity to do so. This is possible in exceptional situations and often when they have the absolute conviction that, having won your favor, they will be able to get even more money out of your wallet.

And as for deposits, capable manipulators and qualified psychoanalysts will try to do everything so that you put as much money as possible into your personal account as often and as much as possible. In other words, to the scammers in the wallet.

Work agreements are too suspicious. We could find a huge part of the indicative information in the FAQ section. Going to the heading, our specialists saw information that a bad broker takes money for passivity after the third month, but the fraudster does not indicate any specific amounts.

This is taken as such an indicative point, as the FXCM broker is able to decide at will to charge unacceptable fines, and you cannot refuse, as it is an unclean unregulated ill-broker that is not controlled by anyone. The trader will have nowhere to turn for help in settling the conflict.

Can you get rich with FXCM? Scam, don't get caught!

can you get rich with scammers? Obviously not! Breeders promise their victims prospects that seem too tempting to be true, plans for instant profit growth, one hundred percent reliable, and so on. By creating a false sense of hope, criminals want to entice traders into fraudulent schemes and take away their money.

The scheme starts with promotion. The crooks run dozens of websites and social media accounts to advertise their own fake services. You can check out Instagram profiles that showcase examples of the rich lifestyle, the Maldives, luxury cars, currency and photos of lucrative deals. This photo display creates envy and can inspire many traders, which makes it easy to get sucked into a scam.

After you give your own mobile number, FXCM scammers will ring you day and night. Scammers promise you mountains of gold that, for example, the coordinates of the Moon and the constellation of Scorpio are optimal for you to start trading as quickly as possible.

When you succumb, crooks will take over your profile, and suddenly you may behold an unrealistic amount of money on your own behalf. You will probably be frankly glad that this is so, and you will probably want to embezzle the money you have earned. It is a pity that the breeders will not allow this to happen, but they will begin to deftly manage you so that you invest again, guaranteeing even more profitable trades.

An inexperienced trader may even dream that in the near future he will wake up rich and easily appropriate the currency. But it will come true, and the crooks will continue to lure out more investments, until the user discovers that he is being fooled or the scammers think that they are unable to get even more out of it now.

Fraudsters of FXCM can unceremoniously declare that they need to invest now in order to withdraw funds. At this point, it becomes clear that FXCM is a scam. From that moment on, the burglars will stop calling, and the cheated trader will never see them again.

The results are clear. FXCM is an online Forex broker that allows you to use an account with a negative balance for trading, and pulls out more funds in order to fill the hole in the balance. As a result, we can say to our conclusions that FXCM is a scam, and not just an online broker with significant risk, because it is not supervised. Therefore, it is clear that your assets will not be in a secure position when you make an investment.

The swindlers will professionally bring your balance into negative, and will try to get you to remove the minus that has arisen from nowhere, the practice of mental influence and blackmail. If you are currently in this situation, do not, under any circumstances, agree to their suggestions. The technologies of their activity are mental, since any type of physiological terror can easily serve as a help to law enforcement agencies in order to take the trail of blackmailers. And to operate within the boundaries of regulatory legal acts, extorting money from you, they, of course, have neither grounds nor ways.

How are FXCM divorced? Be carefull!

Crooks buy a lot of attractive publications on websites and social networks. The main task is to attract as many clients as possible, from whom it is easy to steal funds.

As soon as you click on the magic button and give the scammers your personal email and mobile phone, they will immediately call you and tell you everything you need to invest in their platform as quickly as possible. Most of the swindlers are professional manipulators, but before you understand this, they will trick you out of your personal credit card number, ostensibly to help you with the investment of currency. You are under no obligation to open this data if you do not want to get into unaffordable debts. And the prospect of becoming a victim of the use of private data is also possible, after which even more problems will appear.

Over time, crooks will start demanding more currency from you, regardless of your current balance. When you trade unsuccessfully on the exchange, you are advised to invest more funds to compensate for the losses. When you close deals with success, scammers will advise you to invest more funds to increase your income.

There will be trouble when you make an online request for a money transfer. Fraudsters will try everything to make you change your mind, and they will not hesitate to indicate additional payment if you ask to embezzle funds. The spell of the swindlers is "give us your savings." They very often emphasize that you make investments yet without a rational basis. Licensed brokers will not bother you on their mobile to recommend an investment, which means that if a broker encourages you to invest, this is most likely a scam.

In addition, FXCM is a pseudo-broker Forex, which is a copy. He mows like a legal company, with the aim of extracting a round sum from ignorant newcomers. The fraudster cites the good reputation of a legal foreign exchange firm in Britain to steal from gullible traders.

Investment protection is a significant problem for illegal financial organizations. They are able to fool the easiest, because they know that there is no need to report to a single regulator who has the right to drill them, in other words, to any legal controlling organization. And their personal information is at the same time hard to hide and encrypted.

Conclusion about FXCM: a scam for green traders

Now let's briefly recall all the facts that indicate that FXCM is a fraud. A lot.

  1. An online broker has no registration data even in a shadow country.
  2. At the time of writing the review, the website of the unfavorable broker is not even a month old, this means all sorts of data about the broker - the owners' imagination.
  3. The online broker does not own the financial services license.
  4. The pseudo broker does not have a regulatory body.
  5. Addresses of the pseudo broker are fiction.
  6. The documentation of the pseudo broker has no legal basis.
  7. The existence of divisions in Britain, Australia and New Zealand is fiction.
  8. The broker's phone number is assigned to financial fraudsters and, in addition, to another online broker.
  9. Bad reviews of FXCM from abandoned clients.
  10. Lack of option to open a trial account.
  11. Lack of options for checking programs without the dissemination of personal data.
  12. There is no protection against negative balance.
  13. Unresolved leverage ratio.
  14. FXCM is a clone broker masquerading as the popular name of a real online broker.
  15. Theft and subsequent use of private information is not excluded.
  16. Pseudo-broker rips off money for being passive after the third month.
  17. Long-term moral abuse by the managers of the fake company.
  18. The inability to misappropriate the currency when the fraudster decides that you will never dare to deposit more money.

We have no doubt that FXCM is a scam. The professional rating for this non-good broker is one. Don't get fooled!


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