Global Forex Broker Regulatory Inquiry APP


1.40 /10


United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Quantity 17


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License Index 0.00
Business Index 6.14
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
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No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information


Company Name


Company Abbreviation


Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away! 2
Previous Detection : 2023-06-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
    Fake FXCM · Company summary

    Risk Warning: This Fake FXCM is posing as a legit one by using the name of legit FXCM. It has been verified that this broker currently has no valid regulatory. Please be aware of the risk.


    General Information

    This Fake FXCM was registered in the United Kingdome, and it was not established long, with an operating time of 2-5 years. This fake FXCM boasts that it provides four trading accounts to choose, its minimum deposit requirement, however, is as high as $2,000.

    Please note this fake FXCM is posing as a legit one try to defraud investors. It has been verified that this broker currently has no valid regulation. please be aware of the risk.

    Account Types

    This Fake FXCM provides four trading accounts, namely Standard, Plus, Pro and ECN accounts. The minimum deposit for each account is quite high, with the Standard account from $2,000, the Plus account from $5,000, the Pro account from $30,000, the ECN account from $100,000.


    Obviously, as un illegal forex broker, what Fake FXCM wants to do is extracting all available money from investors pockets.


    Fake FXCM allows its clients to use leverage of up to 1:1000, higher than the levels regarded appropriate by many regulators. This is a typical tactic employed by scammers trying to attract more investors.

    Leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

    Trading Platform

    What this fake FXCM provides is not the industry-leading MT4 or MT5 trading platform.

    Customer Support

    Fake FXCM offers extremely poor customer support, as there is no contact information left for clients with trading-related problems to get in touch with them.

    Negative Reviews

    The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam.


    Risk Warning

    Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

    The information presented in this article is intended solely for reference purposes.

    User Reviews

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    more than one year
    I traded on FXCM for a while and then got into trouble. I found out that the broker on this platform is not a real FXCM, but a fake broker. The platform's website has been shut down and I can't log in to the platform or get my funds back. I am very disappointed and hope that others will learn from my experience and double-check and confirm the authenticity and reliability of trading platforms and brokers.
    2023-03-22 13:39
    more than one year
    This company is not only a clone company, but also requires a minimum of 2,000 US dollars to open an account. This amount is too high! In this way, once the liar succeeds, he can earn at least two thousand dollars.
    2023-02-28 14:24
    Fraud black platform
    2022-11-14 09:12
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    United States
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    consumer hotline:006531290538
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
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