Your access to this site has been limited by the site owner | 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!!!!!!

On its account comparison page, GFX states that its premium account, the Platinum account has a $7 commission on each lot traded. However, the broker does not clearly mention what these commissions and charges could be. The general manager of Shenzhen- and Hong Kong-listed GF Securities Co. Ltd. has resigned following a major financial fraud by one of its clients and the failure of one of its hedge funds, triggering massive losses for the brokerage. If you are still not convinced, we suggest you also take a look at the user reviews about this broker. There are serious complaints about traders not being able to get their money back from GFX Securities. Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes. Instead of wasting your time with just another scam, check out our list of the top regulated online brokers. The trading platform offered at FXCL is the web-based Panda platform, which can be accessed directly through your browser and requires no downloads or installations. The Panda platform is especially useful for complete beginners, due to its incredibly simple interface that anyone could figure out.
A look at TurboForex’s website reveals that they are not governed by any regulatory body. TF Trading Ltd., an offshore corporation registered in the Marshall Islands, owns TurboForex. The notion of easily earning money through internet trading is appealing, but it is not as simple as it appears. There are also hundreds of forex scammers in the industry who prey on all types of traders. Although no one can promise you 100 percent, you should avoid brokers and middlemen with a hazy past. Another thing we want you to be aware of is that some scammers use long-term planning. Because they do not target every trader, they can go undiscovered for years. So, just because one of your friends is doing business with a broker safely does not mean you will be safe as well. You may be wondering who you should trust after reading the preceding lines.

ption abandons binary options, turns to forex, CFDs

Actually, that could be fraud as they state that “all funds will go directly to the charity of choice via PayPal.” Either way, we have listed the three accounts FXCL has available, along with their deposits and features. Find out all you need to know about FXCL in our review below, and read our final verdict on whether or not FXCL is a scam. Let our chargeback experts provide you with free instructions on how to recover funds at your bank.

Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. Always verify that your broker, is licensed by your local financial regulator. GFX is a very suspicious broker – it is unregulated, has very unfair terms and conditions, and its trading conditions are not friendly for traders. GFX offers its users the use of the MetaTrader 4 trading platform, which is most cases would be a huge advantage for the broker. It offers a wide range of features that make trading much easier, such as charting options, market analysis tools, and even automatic trading algorithms, to name a few. This leads us to conclude that this broker is not licensed to offer financial services.


Scammers are astute, and they will only show profits rather than losses over time. In the worst-case scenario, they may even display charts from demo trading accounts that aren’t even representative of genuine trading. Based on this or any other restricted information, do not decide to work with someone or buy a product. Request background information as well as complete disclosure of earnings and losses. I wasn’t looking to do this, but I was hovering over a page about Bitcoins when my phone called. It was a person who talked to me and told me that someone would ring telling me what to do all the time, and he did it for me. His name was Dan Weiss or something close, and he was really polite and conversational. Be concerned if you attempt to remove funds from your account and are unable to do so. If, when you inquire as to why you are unable to withdraw your funds, the broker offers an ambiguous apology or fails to react to your request, you should be concerned.

  • However, it does not take a black swan catastrophe to drive brokers out of business.
  • It is usually a good idea to do your homework on any broker you intend to employ.
  • Any broker who has been in business for a while will have customer reviews for you to read.
  • 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.

It is a cardinal rule never to sign up with a broker who is not regulated. Working with a broker that does not have a license offers no protection in the case of a broker scam. Although the lack of a license is not a guarantee that a broker is fraudulent, it is the one factor that comes up time and time again when we investigate broker scams. The biggest difference is that with the MT5 platform, you can trade in multiple markets from a single account.


Keep in mind that proprietary platforms are only as good as the brokers that develop them. Many proprietary platforms from high-quality brokers can provide an excellent trading experience. Not all brokers and offers are regulated in the United States of America. We don’t recommend, facilitate or encourage trading with products that are not regulated. does not recommend any forex, crypto and binary brokers or exchanges to US traders besides NADEX, which is licensed by CFTC. Every trader is obligated to check the legal status in their respective jurisdiction on their own.

  • Keep in mind that proprietary platforms are only as good as the brokers that develop them.
  • GF was an underwriter of Kangmei’s initial public offering in Shanghai in 2001 and since then has underwritten issuance of multiple bonds and shares for the company.
  • Because returns are contingent on an exceedingly volatile market, these “guarantees” are practically impossible to forecast.
  • Therefore the smallest fluctuation is that of the last decimal point).
  • Doug Schadel, the lead researcher for the AARP’s Fraud Watch Network, said consumers often think they can’t be targeted by investment scams because they don’t have a lot of money to start with.

We advise all investors and traders to avoid FXCL and other Vanuatu brokers. We do not recommend trading with FXCL as this broker was suspected of being a scam. In our broker reviews, we discuss trading products, such as stocks, commodities, ETFs, forex, options, CFDs, bonds, indices, and cryptocurrencies. Some brokers may offer a wide selection of trading products, whereas others may focus on one area, such as forex. Keep in mind that some types of trading, such as CFDs may be restricted in certain countries. In view of the above, regardless of the trading conditions provided by Fast Finance Uk Limited, we do not recommend that you trade with it as it is unregulated and likely to be a scam. It is also not regulated by any reputed financial or regulatory authorities.

As a result, it’s important to stay up to date on what the brokers you’re considering are up to – and to make decisions to avoid those that don’t provide the level of safety and security you demand. In any case, Vanuatu is an offshore zone and we recommend that traders choose carefully the brokers they will work with. We recommend that all investors and traders avoid FXCL and other Vanuatu brokers. Sometimes, in Forex trading scams, the fraudulent broker only offers their own platform, which may turn out to be fake.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading platforms can also engage in identity theft schemes and require a photocopy of your credit card, driver’s license, or other personal information. The Securities and Exchange Commission has received complaints of fraud related to websites offering binary options. A number of unregulated brokers like Fast Finance Uk Limited have been reported to cheat people. With iMarketsLive, in addition to the membership fees, you will also have to risk your trading capital in order to play the Forex markets. For example, many fraudulent brokers charge high withdrawal fees that not only cover service fees. Some fraudulent brokers restrict clients to their own platform, which may not be a platform at all, but a bogus one. Some brokers may offer a wide variety of trading products, while others may focus on one area, such as forex. 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.

When Lesly checked his account later to see if the payments were still pending, he saw them in red 960€ & 500€ and another €500. It had a green circle around it, ready to go because they’d already taken the first 1.460 and expected they’d get the rest, but he didn’t have any more for them to steal. Lesly went to the police, wrote out a crime sheet all through Spanish lockdown, which was difficult enough, waited over a week, got it back, and was told the bank would give it back. He asked again after weeks of waiting and hearing nothing, only to be told he was not getting it from them. We frequently have difficulty when they straddle the border between believability and plausibility. What they offer appears almost too wonderful to be true, but it is still within the realm of possibility. There are some basic indicators that everything isn’t right, such as a success rate of more than 90%, a lack of tangible proof, excess returns, and so on. Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust.

The emphasis in these firms is less on trading and more on recruiting new members. The truth is that you do not need to join a company or pay a membership fee to trade in the FX market. A forex broker is a business that provides you with access to a trading platform where you can buy and sell currencies. Unfortunately, not all brokers are honest and legitimate, and some will steal your money or bombard you with fees. Some are even unregulated, which means they have no accountability to any regulating authority.
You can make money through a broker, or at least seem to make money, but that is insufficient. The broker begins to cause issues, and you believe you are losing money. However, “pending licenses” may exist, or the scenario may change in which a license is suspended, or a broker is investigated. As a result, it is recommended to check the websites of regulatory forex scam agencies on a regular basis to ensure that the broker’s legal standing has not altered. Brokers who run forex scams use more coercive and aggressive tactics than genuine brokers. They often do not respond to requests to discontinue contact and will use various persuasive techniques to do everything in their power to persuade you to spend your money.
Think Forex
We help clients assess their legal situations and provide the most accurate and up-to-date forensic data available. An online business that handle payments and sensitive user information must use HTTPS. If the site has a bad WOT trust rating it means someone had a bad experience. WOT is a browser add-on used by millions of users to rate websites and online shops. It seems the successor will bear a heavy burden left by the Kangmei scandal. In 2019, GF reported credit loss expenses of nearly 680 million yuan, up 124% year-on-year, according to its financial report. Some losses were likely related to its loans to Kangmei shareholders. GF was an underwriter of Kangmei’s initial public offering in Shanghai in 2001 and since then has underwritten issuance of multiple bonds and shares for the company.

Traders and investors all over the world need to know what to look for in their partners. With so many frauds out online, you may protect yourself with a little research. Despite efforts to reform the Forex market, there are still many scams. Scammers are always inventing new techniques to deceive even pros into trusting their legitimacy. Recovery from currency fraud can be complicated and time-consuming. It is advisable to recognize the common warning signs before becoming one. Legitimate forex traders are not aggressive when it comes to offering their knowledge or service to prospective investors. However, if a few forex brokers or organizations contact you on a regular basis and you do not know them personally, proceed with caution. Seek recommendations from people you know if you are interested in FX trading.
Fake funds will advertise very high annual returns that appear highly appealing. But, as the saying goes, if something appears to be too good to be true, it probably is. Instead, consider investing in less risky and more proven index or mutual funds. Scammers, as one would imagine, do an excellent job at concealing their dishonest methods. Nonetheless, there are a few red flags that indicate that something is a forex trading scam.

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

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