Forex Scam Buster | is a BIG SCAMM WITH FAKE REGISTRATION. (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 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
Team Leader
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

James Tulabot
Team Leader

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines

Virgilito Dada
Account Manager

Elton Danao
Sale Manager
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

This element, on the other hand, necessitates close scrutiny because it is frequently a target for brokerage frauds. Many dishonest brokers, for example, charge exorbitant withdrawal costs that do not just cover service FOREX SCAM fees. Unfortunately, many non-withdrawal brokers utilize these arguments to disguise themselves as not being fraudsters. Last month, I was approached by a company named who offered me to open an account with them.

  • When i began with them they looked so Genuine and would always update me with everything going on with my account.
  • Please save your hard-earned money and don’t trade with avafx.
  • I couldn’t figure out for some time, who is the owner of the ForexGrand forex company.
  • Usually, this mail includes an immediate pitch to earn money from forex overnight.
  • After you find the broker, do not commit all your funds right away.
  • As a consumer, it is vital to research a company before depositing money to trade.

This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist. One final scam trick to avoid is assuming a broker is trustworthy because it sponsors a football club or professional athlete. Just because a firm is a major sponsor PAYING for their name to be on a jersey doesn’t mean they should be trusted. Lesley was not very tech-savvy, so he did everything they asked him to do, which took them 2.1/2 days before he finished everything he was asked to do eventually. Global Clearing Group is considered a risky site as it is an unlicensed broker. Furthermore, the company has been suspected of being a hoax. We researched the firm and found no authorization or registration of the address; therefore, the company appears to be highly suspect and may be operating from a completely different place.

Signal sellers

With that being said, you may still be wondering, “Is forex legit, and is forex trading legit?” Yes, they, but there are many scams to be aware of. Let’s dive in and discuss the details of how forex trading works. Here is an explanation of what these forex scam companies actually do that perhaps even guided you into sending them some of your savings to “invest” in forex. The reason the website looked very professional, is because it was professionally designed. Everything the Forex Scam company does they do with the full intention of presenting themselves as legitimate. The unassuming victim will only know the truth once the Forex scammers have squeezed every last bit of money out of them.

  • On the 26th of March 2021,i registered with this company after being made to believe that will get profits in some few days.
  • It was really divesting and heartless losing all my fortune to this company during this pandemic.
  • They also asked me to put more money so that they can gain the lost one but i refused.

Why don’t governments go after and shut down these scams. By September 2016 the account manager Chris Bonson has loss all my the money. Late September 2016 i was contact by Megan Logas saying she will help me recover the money and again by 16 February 2017 Megan Loagas has lost all the money. I am a victim and it has destroyed my family and future.Suddenly disappeared when trying to make a withdrawal. It hurts to see so many people that have lost their entire savings, retirement and much more. You may have already heard about forex scams that are littering the forex world. To sum it up, look at this list of questions every trader should ask before dealing with a forex broker. Usually, an attractive marketing message or sales manager offers you the phantom, or unverified results, of their Forex fund. They want your investment, and all you need to do is to wait for returns. Forex robot scammers will lure beginner traders with the promise of big gains from little effort or knowledge by using of fake or misleading figures to convince customers to buy their product.

Is the broker offering automatic trades or signals to guarantee profits?

The tactics are so good the clients don’t even know they’re being conned. I know this because I’ve met plenty of former students, none of whom are profitable, but all consider the program worthwhile. Develop a simple automated strategy, also known as a forex robot, that is able to place automated forex trades in the market with a high percentage win rate. Also, occasionally, these platforms charge an additional monthly fee for using their trading program services. The market volume reaches record volumes, the number of traders grows and yet people are still sure that it’s all a scam. Next, discuss the course of action you will take if the broker does not adequately answer your questions or provide a withdrawal. Steps may include posting comments online or reporting the broker to FINRA or the appropriate regulatory body in your country. There are times when it may seem like your broker may be churning your account, but this may not necessarily be the case. If you have questions about this and feel uneasy about what your advisor is doing with your money, then don’t hesitate to consult a securities attorney or file a complaint on the SEC’s website.
Forex Scam Buster
But buying and selling puts and calls should, in most cases, only be happening if you have a high-risk tolerance. Selling calls and puts can generate current income as long as it is done prudently. In volatile exchange rate environments, the broker cannot ensure an order will be executed at the desired price. Some brokers guarantee stop and limit order fills, while others do not. If you have already invested in a scam, fraudsters are likely to target you again or sell your details to other criminals. If you think the company or another is likely to be a scam, do not deal with them any further and report broker to the particular authority. In case you got already scammed, well, you should report a scam to specified authorities and better to access a specialist to advise on your following steps. Do not respond to rush in account opening or call to act immediately due to some sort of “hot offer”. Keep your personal, identifiable and money information secured, never share any sort of documentation with representatives personally. Do not agree to send money or give credit card details to someone, as well as beware about unusual payment processing methods and payment requests, which often includes virtual currency like Bitcoin.

List Of Scam Forex Brokers

We’re also a community of traders that support each other on our daily trading journey. Unfortunately, I’ve seen a lot of scams during my 6 years working at the coal face of retail forex trading. You should first setup a demo trading account, at a legal regulated broker. You will see that profitable trading is very difficult, and profits are hard to make. But at least, at a licensed broker, they will not steal your money, and block your withdrawal requests.

Most Ponzi scheme scammers do not actually engage in the Forex market; instead, the money is cycled internally, with earlier “investors” receiving stage returns that do not exist. Because of the ongoing and expanding membership of “investors,” some of these Ponzi schemes can continue for years. Hi I opened an account with UFTGROUP and had a broker called Morgan Smith. They take your money and when you want to withdraw they tie your money up with forex trades so your platform is low with funds. Scam Forex signal sellers are individuals who provide a trader with false trading ideas on currency movements, ideas for the entry price, a stop loss level and a target level.

How do I know what regulatory bodies are legitimate?

Before accepting a bonus from a broker, investors should read their brokers bonus policy. Unregulated brokers will require traders to trade 30 – 60 times the value of the bonus. One of the most common is to be frequently contacted by a forex broker that you know nothing about, and that person offers his assistance to help you gain big profits. If you are asked to provide information about your credit card, this is 100% a scam. Another sign is if you have difficulty in withdrawing your funds and the broker proceeds to give you thousands of excuses. This is the type of scam brokers that will grab your money very quickly and fly away at night to evade their responsibility. They come fast, and they go even faster if they have already got what they want. They operate by setting up a website that often looks very plain and simple. On it, they will write bogus claims of easy and big profits, or anything that could attract you into investing with them. But once you make a deposit, they will disappear either by declaring bankruptcy or announcing nothing at all.

We have some information about owner of (FXCL) SCAM company and its may be resident of USA: Alex Teplitsky

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