FX Tampa Review – Whole World Under The Attack Of This Scammer
At first glance, the company might appear fully legitimate. With ownership, contact, and address details transparent, it’s easy to get misled. Yet, there are some unclear details we’d like to discuss.
Therefore, make sure to read this FX Tampa review with extreme attention. Otherwise, you might fall into one of the numerous pitfalls set up by this shady brokerage.
|Is This Company Safe?
|Have Warnings From:
|Estonia / Lithuania
|Cryptos, indices, commodities, forex, stocks
|Free Demo Account:
|How To Withdraw From This Company?
|With shady ownership details, a lack of regulations, and a non-transparent platform, it’s hardly believable any withdrawals are possible. Therefore, if any issue occurs, feel free to contact us for consultation about refund options.
Legal Info: Is FX Tampa Legit Or A Scam?
Firstly, the company claims to be operated by Cloudview OÜ, a firm registered in Estonia. Yet, the company’s T&Cs reveal the whole trading brand is operated by Integrito Globalis UAB from Lithuania.
Secondly, none of these legal names is listed in any regulatory database. We will start with European ones like FCA, BaFin, or CONSOB. They also do not have other trusted regulations like ASIC, CFTC, or IIROC. Yet, their activities are present in some financially extremely regulated countries.
Who Are FX Tampa’s Victims?
In the absence of FX Tampa reviews, we have to rely on website analytics. It looks like the most traffic of this broker comes from:
- South Korea
- United Kingdom
Therefore, if you are coming from any of these countries, be careful of this swindler. But also, for more advice, especially about a refund, feel free to contact our expert team.
Investment Costs With FX Tampa
Apparently, the company provides accounts with low commissions. Yet, neither are regular commissions nor swap rates disclosed, which leaves enough room for speculation about whether they are lying about it or not.
With the leverage of 1:1000 they are offering, we highly doubt fees are favorable for traders. After all, if the company wanted to operate legitimately, it would obtain a license.
Another feature revealing FX Tampa broker as unreliable is the bonus offer. Up to $50.000 deposited, traders can get a 50% welcome bonus. Yet, all bonuses are subject to trading turnover requirements. Before you make it, you can’t withdraw any funds.
On top of that, all bonuses are subject to cancellation without prior notice. But who decides if you violate any conditions? Only this shady investment firm!
FX Tampa Trading Features
Literally, zero features presented in the account types can be considered advanced. If you are looking for advanced trading options like social and copy trading, you better look elsewhere.
In fact, with non-existent funds protection measures and basic functionalities available, it’s less likely you will make any success.
Trading Platform Available
In addition to all the problems so far, there’s the company’s web-based trading platform. Even though they present it as an award-winning platform, that’s hardly believable. Feel free to compare it with top-tier options like cTrader and Meta Trader. Very quickly, you will realize the difference.
To jump quickly off the topic, we would recommend you read some tips from our TenkoFX review as well.
Available Trading Assets
In general, the company promotes more than 200 assets divided into 5 major instrument classes. This might be promising, but with regulated brokers. With FX Tampa broker, all those are questionable. Anyway, the offer consists of:
- Forex – GBP/AUD, EUR/HUF
- Commodities – gold, silver
- Shares – Walt Disney, Lufthansa
- Indices – DAX30, ASX200
- Cryptocurrencies – LTC, BNB
As mentioned, FX Tampa account types don’t reveal much. The key benefits of higher-scaled accounts are swap-free options, personal trainer and assistant, and higher leverage.
The amounts required for a deposit are:
- Classic – $250
- Silver – $5.000
- Gold – $25.000
- Platinum – $100.000
- VIP – $250.000
Mobile Trading App
Even though the company mentions optimized mobile trader, it can never be as reliable as a dedicated app. Therefore, we suggest traders opt for brokers with iOS and Android apps available.
But keep in mind, that’s not the only sign to watch out for. Read our BitTheBank review to find out why.
Another disadvantage of this company is the lack of trading platform transparency and demo accounts. Without these, traders don’t have an option to test everything out. Instead, they must risk the money or look for another broker.
If you are looking for adequate education along with live trading sessions, you’ll have to look elsewhere as well. Simply, this investment firm doesn’t provide any educational program whatsoever. Yet, they are highly promoting their referral programs. But who would refer a company with such a low credibility?
FX Tampa Withdrawal
The biggest issue traders can expect is with the FX Tampa withdrawal procedure. Firstly, traders are not allowed to make any withdrawals with Classic accounts unless they reach $500.000 in leveraged positions. If you know how to make $500k from $250, you wouldn’t need this broker.
Anyway, for any failed withdrawal request, traders are charged a $120 fee. On top of that, there’s a 0.5% withdrawal fee for all withdrawals and a $30 fee for withdrawals below $30. Such conditions are quite hefty for a withdrawal processing time of 7 business days. Like if they will happen anyway.
Surprisingly, the company doesn’t reveal support working hours. This is especially disturbing because of the UK phone number they provide. Is it because they want to appear to UK traders as legit or something else?
In any case, other contact options are e-mail and web question forms.
Key Information To Consider About FX Tampa
Firstly, the company is not operating with authorization in any of the countries mentioned earlier. Secondly, they are misleading traders about its “award-winning” platform. In the end, there are a lot of irregularities with trading costs and withdrawals.
Practically, zero reasons to trust FX Tampa scam broker. But if you did for some reason, apply for a withdrawal immediately. If they serve you with any problem, feel free to contact us for advice.
What is FX Tampa?
FX Tampa is a European brokerage operated by two entities registered in Estonia and Lithuania since 2023.
Is FX Tampa a Legit Brokerage?
To sum it up, no. Primarily because the company doesn’t have any regulations that are required for FX and CFD trading firms.
How to Retrieve Money From a Financial Scammer?
The starting process is to define the methods you will use. But these vary on the client's payment option selection. To get detailed guidance, book a meeting with our team.