In-Depth FXPlanB Review: Final Verdict and Recommendations
When investing money, you want your brokerage to be transparent and give you information about where your funds will be and how you will make a profit. We have no information whatsoever when it comes to FXPlanB, which raised a red flag and inspired us to check it out. Read our FXPlanB review to get all the details.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||CONSOB|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
What About FXPlanB Regulation?
One of the most important things to check about every broker is its regulation. It’s your only guarantee to get the money back if the company disappears on you. That’s why we started our investigation of the FXPlanB broker with headquarters and the governing law. Unfortunately, we found nothing.
A company of this kind has no obligation to add the information on the website, but not doing so makes it highly suspicious and not trustworthy. Why would anyone want to give their money away to an anonymous website?
Our experience so far tells us that this must be one of the offshore brokers hiding from any sort of regulatory oversight and extorting clients’ money. You should be aware of all this and make sure not to become the next FXPlanB scam victim.
FXPlanB Warnings From Financial Regulators
Most illegal brokers are highly active during the holiday season since regulators are swamped with requests for reimbursement. Everyone who’s trying to get some additional money for Christmas shopping may become the next victim.
That’s how we got a CONSOB warning in Italy end of December, telling us about the FXPlanB trading scam.
Fund Withdrawal Issues With FXPlanB
Since we’ve determined that FXPlanB is everything but legit and regulated, no wonder that there are certain problems with withdrawals. Clients struggle to get their money back since requests are denied for numerous reasons. The broker is giving a deposit bonus on the spot, but it doesn’t tell clients that they won’t be able to withdraw the money until they reach millions in a rollover.
Also, there are excuses such as unpaid fees and taxes, another way to extort more money before freezing your account and blocking you.
If you experience any kind of issues, let us know.
Areas Of FXPlanB Scam
Reading FXPlanB reviews, we understood that the broker is mainly present in Greece, Spain, Albania, and Italy. However, there were complaints from other countries such as the UK, Australia, South Africa, and more. You should always look for a Tier1 regulated company and avoid these fraudsters that give no information whatsoever.
Traders About FXPlanB Scam
Most of the FXPlanB reviews are negative and related to withdrawal issues. Clients explain the struggle they’re going through and look for a solution. Besides, we’ve seen a lot of complaints about account managers who should be assisting clients with trading. Instead, they’re ensuring that everyone who mentions withdrawal will lose their funds immediately.
FXPlanB Assets and Markets
According to its website, the broker offers access to 5 most important markets, including:
- Forex market
Speaking of the diversity of assets, we cannot say much. There’s no information or Demo account we could use to check the offer. For all we know, it could be just a few assets. It seems that the website hasn’t been adequately done, so we see that there are 0 assets and 0 clients the company has.
Imagine how much they won’t care about your money if they ignore their own numbers!
How Does Online Trading Scam Work?
Online trading scams are all about brokers, such as FXPlanB extorting money and vanishing. For a start, you will see an ad promising you the impossible, and the broker’s employees will do their best to give you the logic behind it.
If you go for the offer and invest even the bare minimum of $200, you will be dragged along and pushed to invest more. Yet, once you ask for the money back, you will face numerous problems until you understand that your money is gone and you need a solution.
If you recognize yourself in our story, let us know so we may be able to assist.
Scammed by FXPlanB? – Tell Us Your Story
Let us know if you were scammed by FXPlanB or a similar bogus broker. Our experts may help you file a dispute and request a chargeback from your bank.
But What Is A Chargeback?
This is a way for your bank to reverse the transaction. Contact us via online chat to book a free consultation with our specialists and you will get all the relevant details for your case. Don’t let scammers run with your money, stop it while there’s time.
What Is FXPlanB?
FXPlanB is an online Forex and CFD trading provider without a license.
Is FXPlanB A Scam Broker?
Yes, FXPlanB is blacklisted in Italy and marked as a fraudulent trading firm.
Is FXPlanB Regulated?
FXPlanB is not regulated and provides financial services illegally.