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!!!!!!
They told I would start with PGK500 then they told me to upgrade my account with PGK1000 after I made the payment using my standard account they told me to make K3000 as COT fee.. After a few days the support team sent me email that my profit was over boosted so I have to upgrade my trading account to their suggested level up upgrade. And I said that they deduct the $1000 Level upgrade from my suspended $5300 profit. I was traded with capital of 5000 pesos last may 23, 2021.and after the trade I made my successful withdrawal of $3500. But the support team said that due to high traffic volume they suspend my profit and they said I have to pay a fee of $600 . I stop send money, but they still call and msg all the time. 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. I was convinced to join a broker by the name TRADERVC , they seemed to be in the UK .
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. She said it is the last payment and my profit will automatically reflect on my bank account. So I paid again, but after paying it, I got email again from their company that I have to pay for the Auto Bot management so that my money will reflect on my bank account. Moana Margaret and their company are doing fraud and scam because they still not send my profit after a lot of payments because they want me to pay $1000 for tax again. The 2 brokers are expert in convincing just to get money from their investors.
Simply Put: Is Forex a Scam?
If you spent more time developing a proper trading methodology, you would become better and quicker in your decision making. Usually, forex scam listed brokers offer a reasonably large amount of profit that looks real. Usually, the offerings are not unrealistically huge, so that you can trust them easily. So, if you have proper education on forex, you can identify the offering and decide for yourself.
Traditionally, many trading systems have been quite costly, up to $5,000 or more. No trader should pay more than a few hundred dollars for a proper system today. Be especially careful of system sellers who offer programs at exorbitant prices justified by a guarantee of phenomenal results. Instead, look for legitimate sellers FOREX SCAM whose systems have been properly tested to potentially earn income. However then the broker said i have to pay 2850 usd to clear my VAT, its like international taxes,,,And this time i didnt paid for it…Please stay away from this platform. These scammers use different social channels to find their victims(eg. Tinder).
List of Blacklisted Forex Brokers
Please stay away from this company as much as possible. I have Been trading with them for 5 years and I can say I lost a lot with them. I still didn’t mind then until they finally closed my account and restricted me from withdrawals after I made a very huge deposit. It was really divesting and heartless losing all my fortune to this company during this pandemic. I couldn’t bear the loss so I had to search for a way to get my money back at least something. I expose this broker as much as I can so I can help other victims or intending victims out there. Furthermore, with your education, if you can identify a scam, don’t forget to report forex scams to the proper authority. The forex trading scams you will find are usually simple and prey on the gullibility of people and the need we all have, to make more money. There are significant types of forex scams that exist.
- As soon as our experts discover a new scam Forex broker, it is immediately included in the blacklist.
- Analyzes historical exchange rate movements of currency pairs to identify chart patterns and make forecasts.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- 10 The broker promises guaranteed profit (usually over 100% annual) Equip yourself with knowledge and healthy skepticism.
- While retail forex trading represents only a small portion of that volume, it can present some fraud risks for the unaware.
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. 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. Apart from the main forex scams types, we have mentioned above, there are some other types of forex scammer list out there too.
Best Alternate in Korea for Fxclearing.com
Hence, it is the best way to check forex scams in the Philippines. Due to globalization, any broker can operate anywhere in the world. So, the offshore robots or the brokers that are created through unnamed entitles are likely not to be regulated. This means you may not get full support from them in case of technical difficulties. And if they turn out to be forex scams, you will not get your money back. Moreover, you cannot even file a complaint about a certain list of forex scams as they are not local and are not regulated. Are a sort of subscription to get selling or buying alerts for the forex trading market. Scamming through the forex signals is almost identical to the forex robot scam.
If you can’t withdraw money, warning signs should flash. If the trading platform doesn’t operate to your liquidity expectations, warning signs should flash again. All the unsuspecting trader has to do is hand https://www.fxclearing.com/ over X amount of dollars for the privilege of trade recommendations. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors.
My broker accepts payment with standard methods, such as Visa/Mastercard, Wire Transfer, PayPal, or Skrill. The foreign exchange is the conversion of one currency into another currency. A pip is the smallest price increment tabulated by currency markets to establish the price of a currency pair. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. An important factor to always consider when choosing a broker or a trading system is to be skeptical of promises or promotional material that guarantees a high level of performance.
At Forex-UP portal, we have a huge advantage, when we are compiling the broker blacklist, as dozens of people leave reviews about their experiences of working with brokers daily. Among them are also traders, who came across forex scam brokers and want to inform our analysts and other traders about them. 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.
After depositing the money they told me that my money was lost in the field , yet they never told me that they will be doing the trading themselves not by myself. They also asked me to put more money so that they can gain the lost one but i refused. On the 26th of March 2021,i registered with this company after being made to believe that will get profits in some few days. To my surprise the guy on live chat called Jim asked me to deposit more money of which i declined.Upto day i can not see my account.
— onestopbrokers (@onestopbrokers) June 8, 2018
Conduct due diligence on the forex broker you’re considering by going to theBackground Affiliation Status Information Center , created by the NFA. Many changes have driven out the crooks and the old scams and legitimized the system for the many good firms. However, always be wary of new forex scams; the temptation and allure of huge profits will always bring new and more sophisticated scammers to this market. So, if you see any new broker, you can look that out here. Furthermore, if you know any forex trading scams that are not listed here, send the information to us and report forex scams; we will add them up. BASIC – The Background Affiliation Status Information Checker is a free service from the NFA that allows traders or investors to check information of specific companies or persons.
“Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he’s not going to take a patient’s temperature.” If you have 10 out of 10 checked, it is safe to say that your broker is reliable. However, if you only get less than 7 checked, we recommend you find a better alternative. 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. Always stay ahead of the curve by getting correct and useful information. Unless you’re already a member and enjoying our service, then just sign in.
*Information not comfirmed*