Five of The Best Forex Scams | 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 is why about 85% percent of people lose their money when investing in binary options/CFD’s, as you are putting your money on something that can be manipulated to ensure you lose your money. Before you sign up to a broker, always conduct thorough research on a broker with the checklist we have provided above. After you find the broker, do not commit all your funds right away. We recommend you try the demo account for some time before going into the live account. Invest a small deposit first, make a few trades, and try to make a withdrawal. Only if this process goes smoothly should you invest a larger deposit. After all, there is no such thing as being too careful in forex trading. Since the very inception of online trading, scammers have been creating difficulties for traders. Like other trading markets, the Forex market also suffers through the hands of these scammers.

Furthermore, no one can forecast global events or other economic indicators that will have an impact on the market. Although having a robot trade for you may appear interesting, you should avoid them since they may be one of the robot frauds. 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 money stealers 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.

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Most major currency pairs have four decimal places in their prices. Therefore the smallest fluctuation is that of the last decimal point). Proceed with caution if you are often approached by a Forex broker company that you have not directly contacted. It is usually preferable to seek information from acquaintances or reputable sources rather than reacting to an unsolicited message or phone call.

  • You may come across forex funds that promise guaranteed returns on your initial investment.
  • You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • After requesting a withdrawal, the broker asked me for more commissions and I can’t manage to get the withdrawn money.
  • If anyone can help please it will be greatly appreciated.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Even though such stories are well-known, people rise to the bait time after time. That particular scam scheme was not originally invented by Ponzi, but bears his name and is very popular with Forex scams. Actually, Ponzi was just paying earlier investors using the investments of later investors. Nevertheless, as long as Forex exists, scams will be there, because a huge number of beginners provides them with massive opportunities. Their fraudulent schemes take different shapes and keep evolving.

What kind of forex scams exists?

Then I checked the charts of legit platforms, xauusd never fall it was at 1730 only. This happened to me on 9aug evening time, i checked trading platform chart as well, it never fall to 1686. It clearly means they fall it to make me lose my money. Before this was happened i already put the withdrawal request which they are just saying that it is under review. Typically, the trading signals work as a user guide for the traders that help the users to access the trading opportunities. Forex signal trading occurs when a signal provider sends the wrong signal even after taking the subscription fee. It is because the providers do not have the mechanism to create signals. They just send the signals to take the subscription fee from you.

The owners of such scam sites lack a license and hence are not properly regulated. Sometimes they don’t even understand the basics of the Forex market. However, not everything is clear to a beginner trader who has not studied economics or finance. As a result, a person registers up, makes a deposit — and now comes the most intriguing part — and there is technological deceit. The company I was trading with was taken over by another company named Ridge Capital Markets supposedly trading from an office in Zurich , Switzerland. I got my deposits returned from the 1st company but not the profits which were transferred to the takeover company. I started with the new company November 2015 to try and get my profits out and they convinced me that a financial analyst would speak to me about investing it with them in a managed account. Over the next four months I invested US$80,000 in regular deposits and built my balance to about US$113,000 which was a good profit.

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