https://www.fxclearing.com/ (FXCL) Markets Ltd. is compensated by the spread. Leverage may increase gains or losses.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.
Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.
Base information about Fxclearing.com Forex SCAM company:
Real adress in Philipines and company name is:
Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520
Top managment of stealer who scam money of clients:
Juan Belleza Jr
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
639776459387 / 639155292409
Lea Jean Belleza
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
Allen Roel Costales
522 Tanglaw St. Mandaluyong City Barnagay Plainview
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines
639175048891 / 639991854086
All of this persons need be condemned and moved in Jail.
!!!!!STOP STEAL Philippines MONEY!!!!!!
In a market where over $6 trillion moves daily, there are bound to be people who want to take advantage of honest traders. On our website you can find numerous reviews, both positive and negative ones, about Fxclearing.com from experienced traders. We try to make sure that all comments are left by real clients of the broker. Here you can ask questions about trading and withdrawal of funds, as well as contact support for assistance. EToro is a multi-asset platform which offers CFD and non CFD products. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. While I have no doubts that some of them are genuine including my own broker XM but I can tell about the rest how they also dupe their traders. To start with, they will give you a fill on your position, at a price different from the market price.
- I draw your attention to the fact that Fxclearing.com does not urge you to register and immediately open trade transactions.
- Yet, you will discover later on that everything was just a nice story before you are fully involved and probably prompted to add more money.
- Besides, the broker is also listed to be regulated by the FMRRC, a non-existing regulator.
- If you withdraw using credit card, you will pay a 3.5% fee.
- She said it is the last payment and my profit will automatically reflect on my bank account.
- Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money.
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform FOREX SCAM will be made available for you and you can start trading using their demo account. As aforementioned, traders are not delighted with dealing with Fxclearing.com. Many of them cannot get their money back, but a lot of them cannot even make money. Broker is allegedly offering an MT5, but the platform itself has a lot of lags, which is unaffordable when you have a trading platform.
Back in the Day: The Point
The “about us” pages on the site link to an account login prompt. Nowhere on the site is there any mention of regulation or company history. How to trade on Forex and steadily make money when there is a lot of deception and fraud around? The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Control your greed; you just need a little bit of extra money, so invest only with the reputed leaders like XM or AVATRADE. You got to know that to survive, you can do with less profit also but if you lose all your money, you can’t exist. So if the market goes there and you are not logged in, they will not give you an entry, hence denying you the profits you would have otherwise made on this trade. Similarly, when you set stop-loss and the market goes near to it, they close your position in a loss even if the market never reached your stop- loss. You of course don’t have much time to fight them on each trade as they are remotely located and they don’t have ears.
Deposit and Withdrawals
Without a record of segregated accounts, individuals cannot track the exact performance of their investments. This makes it easier for retail firms to use an investor’s money to pay exorbitant salaries; buy houses, cars, and planes or just disappear with the funds. Section 4D of the Commodity Futures Modernization Act of 2000 addressed the issue of fund segregation; what occurs in other nations is a separate issue. Individuals and companies that market systems—like signal sellers or robot trading—sometimes sell products that are not tested and do not yield profitable results. Safetradebinaryoptions.com is not responsible for any loss of money and possible risks connected with options trading. Please note that Fxclearing.com offers its clients the best trading terminal — MetaTrader 5. It is an updated version of MT4, supplemented with new functions and useful services — it significantly increases the trader’s efficiency and opens up new opportunities. The MT5 trading platform is an innovative leader in trading activities. Fxclearing.com’s clients have full access to the platform and all technical features.
Fxclearing.com brokerage company is officially registered and regulated by the FMRRC . The FMRRC is a nonprofit organization that monitors the quality of services provided by brokers and dealers on all financial markets, including the cryptocurrency market. Fxclearing.com complies with FMRRC demands https://www.fxclearing.com/ to provide high-quality services to the customers, since it has successfully passed the Center’s audit and received the certificate of conformity. For example, they will open up an exclusive offer for a limited time. Hence, if you don’t sign up or buy within a certain time, you might not get it.
Please remember that if a robot could really earn the kind of profits that they’ve displayed, then they wouldn’t sell that robot for that low-a- price. Remember that there are no robots and if there are some, they are owned by the multinational banks which they purchased with millions of dollars from the developer of it. Similarly, even their best and million-dollar robots make nothing more than 2% a month, so don’t be tempted to buy these street-side robots that claim 200% a month. Having mentioned these points, I will state that by taking a few precautions, you can avoid these losses. While choosing your broker, make sure that the broker is registered with the financial regulatory authority of its country.
This platform, along with its predecessor, the MetaTrader 4 software, is the best in the world, with the majority of traders using them for executing trades. Your money is not safe if you are trading with this unregulated, off-shore broker. It only takes a few minutes to open an account with Fxclearing.com. You can get started by clicking the red “Open An Account” button in the upper right-hand corner of the website. You can then proceed to choose an account type and make a deposit. A pip is the smallest price increment tabulated by currency markets to establish the price of a currency pair. ECN is an electronic system that matches buy and sell orders in the markets eliminating the need for a third party to facilitate those trades. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.
And you can have several operations of this kind per day. The main thing is to learn how to correctly analyze the market and consciously choose pairs for placing orders. Thousands of users from all over the world have chosen Fxclearing.com for quality and reliability. Strict regulations and reliable protection of client funds. The article posted herein is published by members of this site. Any information you find on this article is base on the opinion and view of the publisher. You are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Fxclearing.com.com article. I just don’t want to send anymore more money without confirmation they are not a scam.
— onestopbrokers (@onestopbrokers) June 8, 2018
So, it would appear that Fxclearing.com may also support crypto base currencies as well as deposits and withdrawals to and from a crypto wallet. At the lowest tier , you are eligible for a 30% match bonus on your initial deposit. As you can see, you must deposit at least $10 to open a live trading account at Fxclearing.com. One good thing about this broker is that it does offer an unlimited demo account. You can trade with it for as long as you want with no restrictions. This gives you the chance to test your strategies to find out if they work, and to practice until you can trade profitably. As best we can tell, this company aims its services largely toward Russian and Eastern European investors. Indeed, while there are six supported languages, the account types page still loads in Cyrillic. Forex training, broadly, is a guide for retail forex traders, offering them insight into successful strategies, signals and systems.
Accordingly, you should consider several factors before you invest, don’t you think? The sales page for Fxclearing.com is poorly done, and a lot of important data is missing on their website, which raises more doubts about their services. But it being a very young online broker , not a lot of people are familiar with it. As for customer support, you may access the team via email, live chat or phone. Alas, when we checked during the daytime for someone to talk to on a weekday, no one was available. So, we did not have the opportunity to test out live chat.
- Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down.
- It is imperative to make sure you check and understand all the latest information before opening a Fxclearing.com account for online trading.
- For example, look at this text from a review site that promotes scam brokers.
- They claim to be the right trading platform for professionals.
This kind of policy is a red flag while choosing the broker. Usually, brokers earn a commission from trading activity. Therefore, brokers tend to work on unnecessary buy or sell or influence traders to trade to earn commission from trading. Ponzi schemes are usually a type of fake investment management firm.
Please listen to the live hearing on the Bangladesh Bank Forex scam in the Philippines Senate. https://t.co/HyfBSYmMrL
— Dr. Mizanur Rahman (@mizanrsharif) March 15, 2016
There is a warning of the risks of trading CFDs, and there is a legal section. Upon further examination of the legal section, you’ll notice that while the firm is registered as an international broker company in St. Vincent & the Grenadines, it is not regulated. After the first acquaintance with Fxclearing.com, you will immediately feel calm and confident in reliability. All legal issues, terms of trade, obligations of the parties are clearly indicated and spelled out in the regulatory documents. At any time, you can get technical support and advice from specialists. Thousands of traders from all over the world have chosen EVOTRADE due to the combination of reliability and quality of the trading services provided. You can see it for yourself by looking at the site statistics. Complaints on a forex broker or a forex scam should be posted here, BrokerView will deal with the case. You guys did a scalping generated the profit transfer a fund from one account to second for trading which is against the broker policy. Hence we have disabled your account and that is why your withdrawal is also pending.
Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Here you will be given the opportunity to grasp the essence of the world of trading and investment activities, and finally start to earn from them . I draw your attention to the fact that Fxclearing.com does not urge you to register and immediately open trade transactions. On the contrary, the broker openly speaks about the possible financial risks and the severity of trading in currencies and other financial resources.
*Information not comfirmed*