FCF Markets Review – Know These Tricks To Avoid Getting Scammed

FCF Markets is one of those brokers expecting you to blindly trust them. In fact, many inexperienced traders might fall for their tricks. However, we are exposing all of those in this FCF Markets review.

Knowing what to look for is the key to safety in the trading world. Therefore, you might as well check our GfxRoyal review to expand your knowledge.

Legal info: Is FCF Markets legit?

With an address in the UK, it’s very easy to determine if the broker is legit or not. We just have to check the FCA register and discover the truth. Yet, this broker is not listed either in the FCA or BaFin and ASIC register.

This means that FCF Markets is nothing but a scam. Another proof of that is the warning from the trusted Spanish regulator – CNMV.

Who are FCF Market’s clients?

Very shortly after their registration, in May 2023, the company got exposed. Primarily, because they were scamming traders from highly regulated countries. Some of those are coming from:

• Spain
• Norway
• Italy
• United Kingdom
• Canada

It’s just a matter of time before other regulators issue other warnings. Moreover, you can help us with that. Let us hear about your experience with this broker and let us know if you need assistance with the funds recovery.

Leverage, Commissions, Spreads, Fees and Taxes

Important to realize is that the broker almost offers legitimate trading conditions. For many accounts the leverage complies with European regulations and goes up to 1:30. However, it exceeds the limit and goes up to 1:100 for the Platinum account.

With spreads from 2.8 pips on a basic account, it’s considered quite an expensive broker. Also, only after a deposit of $10.000, you can get a 25% swap discount. Other trading costs are not revealed which just adds to all the scam signs.

FCF Markets Trading Features

All the features are based on manipulation. Starting with their shady software. The company doesn’t offer third-party tools like Meta Trader or cTrader. Instead, they offer shady files with proprietary desktop and mobile apps. Without trusted regulations all the data on those is most likely fictive and trading features are irrelevant.

Is FCF Markets legit?

To sum it up, no. The company is not regulated in the first place. On top of that, they are offering bonuses with cheesy policies that won’t let you withdraw any money. But the warning from CNMV is the cherry on top.

Available Trading Assets

Even if this broker offers all the available instruments in the world, it’s useless. Simply because you can’t withdraw money while trading with them. Anyway, they offer 6 instrument classes:

• Forex            USD/JPY, AUD/HKD
• Indices          FTSE100, NASDAQ
• Commodities Gold, Palladium
• Shares          Tesla, Boeing
• Cryptos         BTC, DOT
• Futures         Commodities, Shares

Account Types

Obviously, account types with FCF Markets scam broker are designed to extort more money from traders. With attractive discounts and better trading conditions, it’s easily achievable. At least for inexperienced traders. Anyway, those account types are:

• Bronze $250
• Silver $2.500
• Gold $10.000
• Platinum $50.000

Mobile Trading App

Seems like the FCF Markets mobile app is available for download. Yet, not from trusted sources like PlayStore or AppStore. Instead, you have to download their file which might be even corrupted.

Demo Account

A missing demo account is one of the key proofs of their scam activities. If the broker is anything close to legit, they would offer this feature. Instead, they expect you to deposit blindly $250 and trust their word. Without prior access to the platform and checking all its features.

Education

With unregulated brokers, you can forget about education. Because they don’t have time to waste on it. With FCF Markets it’s the same story. They only offer a few analytical tools and a dedicated account manager.

FCF Markets Withdrawal

Same as with any other scam broker, withdrawal is the main issue. Mainly because of shady policies that traders don’t even read. In this case, the same trick as always is used. In general, brokers will attract traders with the bonus offer. However, accepting the bonus comes with a clause.

In the case of the FCF Markets scam broker, you have to reach a minimum trading volume to request a withdrawal. The amount in lots is the bonus amount divided by 4. Thus, if you don’t reach it in 60 days all the bonus and profits made with it will be removed.

Customer Support

With quite poor contact options you can’t expect much from their support either. Only two options are available. Thus none of those raise hope for the response. You can only send them an e-mail or question via the online contact form and hope for the best. Some examples of such bad support you can see with our ITradeFX review.

Key Information To Consider About FCF Markets?

Firstly, the company operates without regulations. Yet, they are allegedly based in the UK. Secondly, they are offering shady trading software and even shadier trading conditions. Not to mention malicious bonus and withdrawal policies. Seems like this broker collected all the warning signs possible.

Luckily, they are exposed with your assistance. Let us help prevent other traders from getting into their claws and tell us about your experience. In the best case, our specialized team can provide you with detailed information about the refund and help you get your money back. You can book your free consultation by sending us a message.

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