FX Trading Detailed Review
As you know yourself, searching “fx trading” on the internet will give many results, but none are related to the broker. Once we saw the brokerage’s name, we were convinced that something was off. Usually, brokers use such generic names when they don’t want to be found or warned by regulators. Therefore, we’ve decided to put an end to their anonymity and expose the scheme in our FX Trading review.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||No Info|
|Headquarters Country:||Ireland (allegedly)|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
What About FX Trading Regulation?
All FX Trading unveiled is that they’re based in Ireland. However, there’s no official owner, no governing law, nothing. From all we know, they could easily be founded in an offshore country, defrauding clients from a safe distance. What concerned us the most was that the broker’s website was shut down recently without any explanation or expectations to be back. It means that all the clients who invested funds have no way to access them and no regulator to complain to since FX Trading was never licensed.
Fund Withdrawal Issues
As mentioned, the broker’s website was shut down, possibly as part of the scheme. We’re usually seeing unregulated brokers closing the website once they suspect they might be caught while opening a new one under the new name at the same time. Currently, victims of the FX Trading scam cannot log in to their accounts or make any withdrawals.
Even prior to this unfortunate event, clients were complaining that getting the money back was impossible since account managers were refusing to process withdrawal requests.
If you’re one of the clients whose money is blocked, let us know so we may be able to assist you.
Areas Of FX Trading Scam
According to FX Trading reviews, the broker is mainly present in Canada, Greece, and Sweden. However, complaints are coming from numerous countries, so all we can say is this – don’t accept any offers from this fraudulent scheme. If you have already invested some funds, seek help in the chargeback procedure.
Traders About FX Trading Scam
In FX Trading reviews, clients went into explaining how they had been defrauded. It seems that most of them were guided to download AnyDesk, an app that allows broker remote access to your desktop or mobile device. Through that app, account managers could access online banking and steal the funds.
Whenever you’re prompted to allow someone access to your device, think twice before going for it.
How Does Online Trading Scam Work?
Once you sign up for a trading ad, you’ll be asked to give your personal details. And once you do, you’ll be asked to make an initial deposit. This initial deposit will never be enough, and you will constantly face pressure to invest more money. If you refuse, brokers like FX Trading may ask you to download AnyDesk or use similar techniques to steal your funds and disappear. Usually, you won’t notice that you have been scammed before it’s too late and your money is long gone.
Beware of Extra Fees Before Withdrawing Funds
Sometimes, a broker may ask you to pay extra fees or taxes before approving your withdrawal request. Note that it’s just a part of the scheme because if FX Trading and similar really needed money for fees, they could simply deduct it from your trading account. Making new payments indicates they will steal your funds and disappear.
Scammed by FX Trading? – Tell Us Your Story
If you were scammed by FX Trading or a similar bogus brokerage, let us know. Our specialists may help you file a dispute for a chargeback and get your money back.
But What Is A Chargeback?
This is a way for your bank to reverse the fraudulent transaction and help you get your money. Contact us via online chat to book a free consultation and get more details on the procedure in your particular case.
Don’t let scammers run with your hard-earned money, let’s get it back!
What Is FX Trading?
FX Trading is a fraudulent online CFD and Forex trading provider without a license.
Is FX Trading Regulated?
No, FX Trading is not regulated and provides financial services illegally.
Is FX Trading A Scam Broker?
Yes, it is a scam broker that stole funds from clients and shut down the website.