FxActive Broker Review: An Objective Look at Security Measures
If you were involved with FxActive, FxCore, or FinoCapital brokers, this review is for you. All the brokers are owned by the same company, and all the brokers are conducting a scam. Read our FxActive review and find out what to do and how to get your money back from scam brokerages.
|Supported Platforms:||MT4, web trader|
|Types of Assets:||FX, commodities, indices, stocks|
|Site Grid||www.fxcore.co; www.finocapital.io|
FxActive Regulation and Security
The brand is owned by Lollygag Partners, a company known for running schemes. As mentioned above, the same company owns two other brands, FxCore and FinoCapital. The company is located in the Commonwealth of Dominica and blacklisted by several European regulatory bodies. As you can understand so far, FxActive is not a legit broker, and you should definitely not open an account with this scam company.
Warnings From Financial Regulators
Like we said before, the company is blacklisted by many European regulatory bodies. The warnings came from German BaFin, Italian CONSOB, Spanish CNMV, Portuguese CMVM, and Belgium FSMA. It seems that this broker has no limits when it comes to scam all over Europe.
All these regulatory bodies listed either FxActive or its company owner as a scam and warned European citizens not to trade with this company. Also, they invited everyone scammed to file a complaint immediately.
Can You Make Money With FxActive?
If you’re trying to make money with any not legit business – you won’t be able to. Not because you have a lack of knowledge or lack of luck. Simply because this type of business will not allow anyone else to be profitable, the situation is clear in the case of FxActive. The broker’s website – fxactive.net, does not function anymore since the broker does not have an SSL security system. Meaning that none of your information you’ve submitted before is safe. And if your bank data is not safe, for sure, you cannot make any money. Also, the broker offers a web trader, the least safe trading platform. The leverage is 1:500, ten times higher than any regulated broker can offer. And for the end, the minimum deposit is $500, which is at least double than any legit brokerage asks for.
Can you make money with FxActive? Highly doubtful.
Scammed by FxActive?
In case you were scammed by FxActive or any other scam brokerage, there is a way to get your funds back. You need to file a dispute and request a chargeback.
But what is a chargeback? It’s a way of refunding your card in case you were a victim of an online scam.
To get a detailed explanation of how chargeback functions and how to get your funds back, contact our support via chat and book your FREE consultations now!
What is FxActive?
It’s an online trading brokerage with no regulation.
Is FxActive a scam?
Since the broker is based offshore and has no regulation, we can safely say it’s a scheme company.
Is FxActive regulated?
FxActive has no regulation for its business by any authority body.