FXCL real reviews 2020, broker description, rules for traders | Fxclearing.com is a BIG SCAMM WITH FAKE REGISTRATION.

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
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/theimbachronicler
639776459387 / 639155292409

Lea Jean Belleza
Assistant
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/lj.r.belleza

James Tulabot
Team Leader
https://www.facebook.com/jamescuzy

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview
https://www.facebook.com/allennicanor.costales
639565914849

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines
https://www.facebook.com/Kristoff225
639561355764

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines
https://www.facebook.com/xanty.octavo
639171031948

Virgilito Dada
Account Manager
https://www.facebook.com/potsdada.antonio

Elton Danao
Sale Manager
https://www.facebook.com/eosnyssa
639175048891 / 639991854086

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

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

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  • If you invest through a managed fund, you don’t have control over your money, and you might not be able to track your money.
  • If the parameters and optimization codes are invalid, the system will generate random buy and sell signals.
  • There are multiple fake forex brokers lists that you can look through to make sure that if someone is a fraud, you know who they are.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Examination of a forex robot must include the testing of a trading https://www.fxclearing.com/ system’s parameters and optimization codes. If the parameters and optimization codes are invalid, the system will generate random buy and sell signals. This will cause unsuspecting traders to do nothing more than gamble.

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Forex is not a pyramid scheme, but some so-called brokers do operate as MLM companies. Just like any other pyramid scheme, they promise you a dream-like life where you can quit your job and travel around the world while money keeps pouring into your bank account. This is how forex pyramid schemes usually do their business. Mobile trading is also possible through iPads, tablets or smartphones. Clients can monitor their investments, open trades and manage their trading account wherever and whenever they wish.

  • You just need to verify them properly before signing up.
  • Forexscambuster.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.
  • They changed position 1 micro Lot to 1 Standard LOT on their own and also squared off position which actually did not trade at the values on the chart.
  • Tell them that you will go to the authorities and file a complaint against them.
  • After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

And is they a way to recovery funds and pay only out of the recovered fund. I have screenshots of all BTC Sent and all wallet address. Sometimes, scammers refuse to give you the investment opportunity so that you request them. So, it is highly essential to know a broker’s or service provider’s location along with the headquarters. Also, check the regulatory status based on their location. You may check the reviews for our site or check the reviews from real users in different forums or social media. However, some brokers may show you screenshots or pictures of the different charts to prove themselves, which are super easy to make. In this case, they never show the losses; they only show the profits. So, whenever you ask about the background info about a specific period from those charts, they will certainly fail to produce. If you invest through a managed fund, you don’t have control over your money, and you might not be able to track your money.

Philippinesns Lost more than AUD 2 billion to Financial Fraud in 2021

You will lose money through the scam robots in two ways. Secondly, the robot might provide you the wrong direction. Usually, this kind of robot is based on a computer system that finds a trading strategy from the past and shows you an opportunity to make a profit. But, actually, the robot is sending you the info happened in the past. As a result, you will be losing money in terms of investment. To stay safe from the robot scams, make sure you check the fake forex brokers list here on this page before jump for any lucrative offers. Forex trading is one of the legitimate ways to earn some extra money, perhaps a profession for many. The $6.6 trillion market is growing every day, and forex scams or forex fraud are also on the rise. Therefore, it is necessary to know every detail about the forex trading scams. Most importantly, you need to know the ways to identify scam brokers.

Instead, the schemer will make payment to early investors after taking investment from other investors who invested later. If the schemer gets continuous investors, the system will run like that. But you don’t need to worry about scamming by the Ponzi schemes as we also put them on the list of scam forex brokers. Reliable forex brokers will provide well-performing platforms for their clients. They may use third-party platforms such as MT4, MT5, cTrader, or build their own proprietary platforms or even do both. On the other hand, scam brokers will not bother to pay a premium fee for a platform license, let alone dedicate their time and money to build a proprietary platform. It is the most conventional way a seller reaches out to the customers, and forex brokers are no exception. You might get a call from a broker that is included in the fake forex brokers list or investment firms with all the lucrative offerings. The offers could be so real that you might fall for them.

Protecting Yourself from Scam Brokers

We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. We are not liable for losses that resulting from the information provided on our site. Through this way, a forex scammer list of brokers will come closer to you through your friends and family. Initially, they will provide huge profit to a trader and then ask them to recruit more investors by offering referral money. So, the person will then tell his friends about the profit and make them believe. Since you came to know about the forex scams, you already have a significant idea about the forex market. Therefore, you should know that forex is extremely volatile, and it can be changed through too many factors. Nothing is fixed in this continuously changing market.

We hope that our FXCL review has been helpful to you. If you have any questions or you need advice about the withdrawing process, feel free to contact us Then they said before I get my profit, I have to verify my id first cost $400 before I get my profit. I asked them if after i paid for verification, can I get my money? They said yes,but after that, they send email again that I need to pay OCC worth $800, but i paid only $500 because Eric Frank said he will lend me money to complete the amount. He lied,Margaret Moana the Ceo, asked me how much I paid for OCC? Eric frank instructed me to tell her i paid $100 only, so means they are doing fraud already. Then Moana take over and said Eric Frank is doing fraud. So she promised that She will give me my profit immediately.

Instead, check the list of scam brokers and stay away from them. On different regulated forex brokers from all over the world. That is why we suggest not to trust any broker initially and check the forex scam list first. Instead, you can make a small investment to check them out. Further, you may also make a series of small FOREX SCAM investments to validate the broker scam activity. Usually, the traders should have access to their funds all the time. However, some brokers may put restrictions on accessing the fund. If you cannot access your fund when needed, you might be going to face trouble. This kind of policy is a red flag while choosing the broker.
Do you have any experience with this broker? You can share it here: Cancel reply
You may ask for the following information to check the broker’s validity. Now that you know the types of basic forex scams, you should know the ways to identify them via the scam broker list. It is a computer-manipulated bid-ask spreads offering that favors the broker. It usually occurs by increasing the spread of bid and sell price to 7 to 8 pips, while the regular spread is 2 to 3. Through this tempering, the broker can earn money, and the trader loses. However, this kind of scam is largely available in the Philippines, but some offshore brokers may also run these scams.

She holds a Bachelor of Science in Finance degree from Bridgewater State University and has worked on print content for business owners, national brands, and major publications. So I narrowed money to my brother and pay the $600. Later, they convinced me to add another 240 dollars and then I can withdraw anytime. When you are a trader, you cannot afford to make mistakes.
scamers
Fxclearing.com is an Philippinesn Regulated Broker offering secure investment forex and is currently welcoming new clients with… There are various reasons why these brokers are on this list. The reasons include but not limited to lack of regulation, failure to fulfill their obligations to traders, difficulty in fund withdrawals, manipulative trading practices, etc. Brokers who focus on binary options alone but promise big profits should not be trusted. The binary options carry a very big risk and cannot be relied on in a long run.
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However, it is not obvious that offshore traders are always pursuing scammers. You just need to verify them properly before signing up. Increases the risk of bankruptcy; thus, the trader’s money remains at risk. They ask you to send them an investment and then sit back and enjoy returns. If you send the money, you will never see the return. If you call, they will say they have never heard of you and never got funds from you. They changed position 1 micro Lot to 1 Standard LOT on their own and also squared off position which actually did not trade at the values on the chart. I lost a lot of money and there is no response from their side till now with more than 7 months. They dont want to process my withdrawal for 5 months already. They keep requesting different documents and i prpvided them all.
Risks go hand in hand with profits in forex trading. If brokers claim that there are no risks, how can traders make profits? Besides, it is not up to brokers to decide the magnitude of risks that traders have to deal with. It entirely depends on each trader’s strategy, plan, and risk management. If you sent them a wire, there is no way to perform a chargeback on a wire. For this step, you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country.

Today I am doing a SCAM review of a forex software trading platform. This is my first review about a forex trading platform I normally only do Crypto trading but after trying this I can say I love forex trading. 24Fx is a great forex platform that is good for beginners because it provides a lot of support for learning. The mt4 is the most advanced trading platform combining user friendliness with the best technologies. Instead, what you actually do is to recruit more investors into the scheme and ask them to buy the company’s products so you can earn a commission fee. The most experienced investors can open a Platinum account with a minimum deposit of $20,000. This gives many benefits including withdrawal processing within two days and a free private VPS as well as all of the benefits of the other two accounts. The Silver account is designed for the use of novice traders and requires a minimum deposit of $250.

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