Strategic FX Review – Warning, Don’t Fall For Strategicfxtrading.com Scam
Strategic FX broker can easily win the award for scam broker of the year. The company guarantees a profit while also claiming to have backup funds to reimburse clients who lose any money. So, what is it worth for them?
Read our Strategic FX review and find all the details.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||FCA|
|Owned by:||Strategic FX Ltd|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies, options|
|Free Demo Account:||No|
|Accepts US clients:||US traders are not accepted|
Is Strategic FX Regulated? – Important Things to Know
Strategic FX or Strategic FX Trading is an anonymous broker claiming to be based in the UK. Besides the alleged headquarters, we have nothing on the firm. The owner is Strategic FX Ltd, a company that doesn’t exist in any register.
So, how do you know if this company regulation exists and if the broker is legitimate?
Does the Broker Have a Tier 1 Trading License?
After checking the FCA, but also other Tier1 registers such as ASIC, BaFin, and more, we found nothing. It implies that Strategic FX Forex broker is another scheme on the market, and your money is in danger.
Warnings Against Strategic FX Fraud
Since most Strategic FX complaints were filed to the UK FCA, this regulator issued an official warning.
Official Warning Issued by FCA – Evidence of Fraud
According to the FCA, Strategic FX is not regulated and provides financial services illegally. Therefore, clients are not entitled to the FSCS compensation fund and should pay great attention when dealing with this scheme firm.
Where Is Strategic FX Trading Scam Active?
The company trading scam mainly targets UK clients. However, we’ve found complaints from Australia, Canada, Austria, the Netherlands, etc.
Don’t trust any broker who promises or guarantees you anything since there are no guarantees on the financial market.
Strategic FX Trading Reviews – What Traders Are Saying
Mainly, Strategic FX reviews are turned towards withdrawal issues. However, this firm seems not to be a legitimate CFD provider as the majority of its trades are executed as binary options. Since clients are applying to trade Forex and CFDs, not binary, which was strictly forbidden in the UK and EU in 2018, imagine their surprise to learn they have been involved in illegal investing.
Supported Trading Platforms – Available Trading Software
There’s nothing about the Strategic FX trading platform. We’re not sure if there is one. After checking the website, we saw the Trade section, and it says Live Trading over there, but the platform itself is not showing. Also, the FAQ section gave us nothing on the matter, so we cannot tell how the process looks.
What’s for sure, you should find a broker offering a reputable platform such as MT4 or MT5, ensuring you will get value for the money.
All we know about investing is that the company allows leverage up to 1:1000, while FCA and other regulators are putting limits of up to 1:50 for the Forex market.
What Can You Trade With a Strategic FX Broker?
The company provides trading with several instruments, including:
- Currency pairs
As mentioned, all the trades seem to be in the form of binary options, so be careful.
Strategic FX Scam – Don’t Put Any Money Into This Fraud
If you check the disclaimer, you will see that the broker says, “Are you looking for a stable, reliable, guaranteed weekly income? “
Since the company guarantees you income against all the financial regulatory rules, you know immediately that something is wrong. You should not invest your money in this obvious scheme, and if you already did so, it’s time to file a complaint.
You need to get your money back ASAP before the broker disappears with all your funds.
Overview of Strategic FX Withdrawal Issues
Let’s briefly overview everything we’ve learned from Strategic FX reviews.
The company encourages clients to invest, guaranteeing profits and promising to reimburse them up to 100% for every loss. They state that they are the ones bearing risks of your investment, which makes no sense whatsoever.
Once you fall for the story and invest, you’ll be pressured to invest more and more, while you will never get a penny back. Once you request a withdrawal, you can expect your trading account to be suspended and the company will not get in touch with you ever again.
What Can Strategic FX Fraud Victims Do?
If you fall victim to a Strategic FX scam, let us know. Our chargeback specialists will evaluate your case and help you get your money back. Contact us via online chat to book a FREE consultation for us to assess your case and find a solution.
It’s time to act!
What Is Strategic FX, And Should I Invest Money In It?
Strategic FX is an unregulated scheme broker promising returns on investment.
Can I Trade Cryptocurrencies And CFDs With Strategic FX Broker?
Yes, you can trade both crypto and CFDs, but be careful since the broker will invest your money in binary options.
Does Strategic FX Give a Deposit Bonus When Opening an Account?
This company doesn’t mention any bonuses, but be careful with it.
Is Strategic FX a MetaTrader 4 Forex Broker?
Strategic FX doesn’t offer MT4 nor any other platform as far as we have seen.