Forex Frauds, Scams and Ripoffs Currency Traders Should Watch Out For Fxclearing com is a BIG SCAMM WITH FAKE REGISTRATION – SCAMMERS!

1140 (FXCL) Markets Ltd. – Forex SCAMM Company! Be carefull!
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!!!!!!

In addition, there is no row that shows what I actually won in a trade. At the beginning I didn’t have too much problems, I mean, In just a few weeks I got $200 of a investment of $500 but 3 months ago, all started to change. When I wrote to it support department in order to get an explanation, they replied me that the broker FXCL has the right to change orders, if needed. In the midst of my busy work, I chose this broker FXCL to trade and get extra income. I was impressed with reputation on forex market, so I opened account at here for trading. In the beginning, my initial fund is only $150, but now it’s grows up to over $3500. Yesterday, I traded with this broker FXCL with depositing $600, and I earned profit $700. Trading with Gold, EURUSD and sometimes with has been very profitable for me. The broker FXCL age has yet to become licensed or regulated by notable regulatory authorities but have acquired membership from the Financial Commission .

Most clients – perhaps including you – end up with this provider via one of the various“auto trading software”. Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital. Is an unregulated broker FXCL that claims to be headquartered in New York. There have been numerous reports and poor reviews surrounding this broker FXCL , in addition to red flags that question its legitimacy. Grand Trade advertises an 85% payout percentage on its website, but numerous traders have reported various issues with this broker FXCL in addition to having experienced substantial losses.

STForex Q&A

Unfortunately, due to the large scale lack of awareness of the dangers of unregulated Forex broker FXCL s. Trading Scams have popped up in the hundreds and continue to be a source of scamming for criminals worldwide. The broker FXCL came off as though he or she was their friend, showing interest in their personal life, their family etc. When it came to the part of the call for the broker FXCL to make their ask. The conversation always continued longer than was comfortable and it always led to the broker FXCL convincing the victim to deposit money, even after the victim stated that they had no more money to deposit.

  • What Forex scams seem to hate is processing withdrawals for their clients.
  • At least 15 banks including Barclays, HSBC, and Goldman Sachs disclosed investigations by regulators.
  • The FPA will then review the case and deploy operations if necessary.
  • Giambrone & Partners also specialises in legal actions against Binary Options trading companies.

On the “Cent” and “Classic” accounts traders can only trade forex and precious metals. The extent of forex currency pairs is 40 currency pairs comprised of majors, minors and exotics. As for precious metals offered, only gold and silver are available to trade. All in all, the tradeable instruments offered are rather limited compared with much of the competition. These account options sound tempting, but trading on Bitcoincode/ Royal GTX now called My Net is just a scam. Compared with some competing binary options broker FXCL s, Bitcoincode/ Royal GTX now called My Net has more limited deposit methods. Compared with many other broker FXCL s, the trading tools available on the Bitcoincode/ Royal GTX now called My Net platform are relatively limited.

Trade with a Regulated Broker

The presentation of the broker FXCL and their services are very poor as the broker FXCL age has very limited information regarding their trading services and the tradeable assets they provide. The trading platform offered by STForex is of premium quality, but everything else seems to be lacking depth. All in all, STForex could be a viable online trading broker FXCL age but falls behind in the quality of many competing online trading broker FXCL s. Not only do we enable you toimmediately move your fundsbetween trading platforms across 40 different countries, we also know a thing or two about how to protect yourself from forex scammers. You just have to complete a single-user profile questionnaire to begin depositing money into your trading account. You will have to provide an identity proof and evidence of residency to deposit substantial amounts.
Non-Forex Scam Alerts
Trading with XTB will involve fees from $100 USD, spreads from 0.05 pips to 0.07 pips, and commission-free trading depending on the account traders select. For traders who are beginners, the website and offers may look legitimate, but the truth is that it is a site without concrete information and unrealistic returns that are promised to unsuspecting traders. There is also provision made for a company certificate to show that they are registered, however, BitOptions 24, is a scam and there have been numerous warnings against it. The broker FXCL does everything in its power to convince traders that they will be able to earn profits in a foolproof manner and traders should take great caution in avoiding falling prey to broker FXCL s such as these. As both a Forex and cryptocurrency investment website, this broker FXCL claimed to generate high returns through investment plans which were claimed to be reliable. The website promised investors returns of up to 1555% on their profits after merely 25 days. In order to make trading more transparent and accessible, the company uses the most effective supervisory mechanisms and techniques aimed at protecting the interests of traders.

Worst blacklisted forex broker FXCL s (

Some dealers provide you with a guarantee that you will never lose more money than you invest including the initial deposit and following deposits to keep the position open. The mediators such as broker FXCL s and dealers often use of fraud and scams in Forex market. There is a special organization called the United States Commodity Futures Trading Commission . Some less than honest broker FXCL s will be aggressive with clients and encourage them to make certain trades. A number of unregulated broker FXCL s like have been reported to cheat people. STForex is a professional online trading broker FXCL age that provides reliable trading services to traders from around the world. The broker FXCL age offers advanced technology and innovative approaches to forex and CFD trading on a narrow range of financial assets. STForex was only established in 2014 and has already grown tremendously by serving nearly 300,000 clients from around the world and the broker FXCL age has 19 offices in 5 countries. On their platform I have found all major news and analysis too, which needs for a scalper.
fxcl scammers
When attempting to close and discontinue the trading account, traders are offered a ‘last deal’ which results in a substantial loss that clears the trader’s account. This broker FXCL has been marked as a scam and traders are advised to avoid dealing with this, and numerous other, scam broker FXCL s. There was a warning from Malta Financial Services Authority, or MFSA, alerting traders that Prime Trading is a scam. Despite the claim to offer a guarantee of success, the reality regarding trading is that there is no guarantee that profits will be earned. Prime Trading claims that there are more than 135 investment teams located in 30 countries around the world that share their knowledge and experiences so that traders can generate profitable results. This broker FXCL has worked to convince numerous traders to join the bandwagon on cannabis stock CFD investments. The US Dollar 250 initial deposit which was required was to be paid directly to the broker FXCL upon registration. However if the company that you’re trading with or that you’re thinking of trading with fits the above description and/or is located in any of the locations in the below list of countries, and it’s not regulated. You can rest assured that you are dealing with a Forex trading scam and it’s time to either take action if you’re already involved, or stay far away if you haven’t yet opened an account.

Forex trading scams like to operate as similar as possible to legitimate trading companies. Like most broker FXCL s in the industry, Bitcoincode/ Royal GTX now called My Net provides the popular MetaTrader 4 platform. shows on its official site how you are able to exchange real time stocks in a demo account. For other trading platforms, the inactivity fee depends upon the type of account you have selected. The inactivity fee is exposed to a lot of conditions and should be revealed clearly by the broker FXCL beforehand. In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. However, this doesn’t necessarily mean that online broker FXCL s don’t charge any fees. They charge fees of varying rates for a variety of services to make money.

This broker FXCL is known not only for theft of funds in trading accounts but also for blocking traders when they attempt to withdraw the funds from their trading account. Some traders have claimed that they lost as much as US Dollar 160,000 while trading through Panamoney. Also, Panamoney reserved the right to block a trading account at any given time without prior warning. NAS Broker claims to have been founded in 2012 and offers traders a variety of financial instruments that can be traded. The broker FXCL is claimed to be headquartered in Saint Vincent and the Grenadines and claims regulation through FSA. Besides, these funds must be made available for withdrawal at any given time by the trader in whose name the account is registered.

How to identify a Forex Scam: 7 Ways to Spot a Forex Trading Scam

Call the recipient’s bank and explain that this person is working with a fake investment company calledStForex, which is not regulated, and that you have been tricked into transferring money with lies. The scammers sometimes open accounts under false pretences, but that never works in the long run. While Forex broker FXCL fraud is common, it is not the only type of foreign currency trading fraud. 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. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

  • BML claimed to be regulated by FSA, requires a minimum deposit of US Dollar 100, and offers traders a variety of account options, financial instruments, and more.
  • This platform is loaded with all the tools and features a trader needs to succeed and operates in an intuitive and seamless manner.
  • Which is why we have conducted in-depth research into the STForex trading broker FXCL age and displayed the results in our comprehensive review below.
  • The broker FXCL does everything in its power to convince traders that they will be able to earn profits in a foolproof manner and traders should take great caution in avoiding falling prey to broker FXCL s such as these.

He can cause huge losses to his clients and therefore, in our opinion, is a potential scammer. I would say that this is the most direct access to the market and high liquidity Forex broker FXCL . Claiming investment returns of up to 137% while declaring their trading program was fully-regulated, Simmons and Salazar were able to siphon $35 million from over 240 victims, many of whom were elderly. By using the money from new investors to make small payments to established ones, they avoided ever actually trading on the forex market. Unregulated is not always a bad thing, but more red flags appeared during our check.

Once you are done setting up your profile, you must deposit a minimum amount to get started. You should have a good the of online trading before you set out and trade with real money as losses can exceed deposits. The broker FXCL claims to have a US Dollar 130 minimum deposit requirement and offers a variety of trading accounts that traders can choose from. The only payment methods that it accepts are PayPal, debit and credit cards, and wire transfer. STForex is a broker FXCL age company that has been providing various financial services in online trading in the international currency market since 2014. Overall, the STForex broker FXCL appears to be a very basic online trading broker FXCL age that lacks depth and professionality.
They may use of fake or misleading figures to convince customers to buy their product. Their promises are flawed as no robot can adapt and thrive in all environments and markets. Software is generally used by professionals only to analyse past performance and to identify trends. All software should be formally and independently tested but caution is required when trusting the reviews themselves as these can be paid for. If their FOREX SCAM product did exactly what they claimed then they would not be selling it but instead using it exclusively themselves. Most of Forex trading happens in the spot FX market, which is different from the futures market, in that currencies are physically exchanged in real-time when a transaction is made. Whereas in the futures market, the date the trading price is determined and the date the currency is exchanged are different.

This deposit is mandatory if you wish to begin trading with It’s worth every dime.” I know that used this EA that over-allocated lot sizes had their accounts margin out on them due to the thought of how “safe” the EA is. I have always trusted your advice and found your customer service puts a lot of the bigger companies to shame. Alas most would-be Forex millionaires don’t know about the scams until they have been sucked in and their money sucked out. There is a reason why they are after you, and that reason is your money. Please share with myself and the other readers here if you have run into any types of scams like these or if you have some that are not on this list that you can share to help others to avoid.

Since there are too many frauds by broker FXCL s, it is best to proceed with caution and only deal with regulated entities. Cooperating with an unauthorized broker FXCL does not provide protection in the event of broker FXCL fraud. Whenever you make an actual trade, like buying a stock or an ETF, you’re billed trading fees. In such cases, you’re paying a spread, financing speed, or even a commission. The kinds of trading charges and the rates vary from broker FXCL to broker FXCL . Download the MetaTrader 4 Program free of charge from Apple’s App Store. customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.

*Information not comfirmed*


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