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Fake FXCM

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://fxcm-group.io/

Website

Rating Index

Contact

office@fxcm-group.io
https://fxcm-group.io/

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

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Disclosure

More

Danger

ID BAPPEBTI
2022-02-02

Danger

FR AMF
2021-04-08

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Warning: Low score, please stay away!
Previous Detection : 2024-12-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Fake FXCM · WikiFX Survey

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Fake FXCM · Company Summary

FXCM Information

FXCM Group, a broker, which offers a variety of trading instruments and accounts. However, its biggest drawback is that it is not regulated.

FXCM Information

Pros and Cons

Pros Cons
6 types of trading productsUnavailable website
5 types of accountsLack of transparency
Regulatory concerns
High minimum deposit threshold
Poor customer service

Is FXCM Group Legit?

Checks showed that FXCM Group was not effectively regulated and had been disclosed by the French Financial Market Authority.

The broker may have been involved in illegal operations. Please pay attention to safety, stay away from the broker.

Is FXCM Group Legit?
  • 2021-04-08 FR AMF has added FXCM Group to its blacklist of unauthorized companies and websites

On April 8, 2021, the French Authority for Financial Markets (FR AMF) issued a warning, placing FXCM Group on a blacklist of unauthorized companies and websites: Forex. You may visit: https://www.wikifx.com/en/regulator/disclosures/202308070824428952.html?path=2&code=2028840996

Is FXCM Group Legit?
Is FXCM Group Legit?
  • 2022-02-02 ID BAPPEBTI shut down FXCM Group in the name of shutting down illegal commodity futures trading websites

On February 2, 2022, the Indonesian Commodity futures trading regulator (ID BAPPEBTI ) seized a total of 1,222 illegal commodity futures trading websites and gambling websites under the guise of trading, resulting in the punishment of FXCM Group. You may visit: https://www.wikifx.com/en/regulator/disclosures/202304230958042112.html?path=2&code=2028840996

Is FXCM Group Legit?
Is FXCM Group Legit?

What Can I Trade on FXCM Group?

According to brokers, FXCM Group supports trading instruments such as Forex, Indices, Actions, Commodities, Cryptocurrencies and ETF.

Tradable InstrumentsSupported
Forex
Indices
Actions
Commodities
Cryptocurrencies
ETF
Fetures
Bonds
Option
What Can I Trade on FXCM Group?

Account Types

FXCM Group provides 5 types of Account, namely Diamond Account, Platinum Account, Gold Account, Silver Account and Basic Account.

Account TypesDiamond AccountPlatinum AccountGold Account Silver AccountBasic Account
Maximum Leverage1:2001:1001:501:201:10
Minimum Deposit€250,000+€25,000 - €250,000€10,000 - €25,000€5000 - €10,000

The account leverage provided by FXCM Group is wide, ranging from 1:200 to 1:10. The minimum deposit range is also large, the minimum need of €5,000, the threshold is high. Therefore, it is more suitable for investors who are experienced in trading and want to make long-term investments.

Customer Service

FXCM Group provides traders with customer service at office@fxcm-group.io.

Contact Options Details
Emailoffice@fxcm-group.io
Physical AddressLondon E14 5AA, United Kingdom

The Bottom Line

Although it provides investors with a relatively large number of trading instruments and account types, unregulated is the most fatal drawback. It is an unsafe broker. Therefore, this broker is not suitable for any type of traders, please the majority of traders to protect the safety of funds.

FAQs

Is FXCM Group safe?

FXCM Group cannot be considered safe. Because it is not regulated by any institution, it operates outside of laws and regulations.

Is FXCM Group good for beginners?

FXCM Group is not a recommended choice for beginners. The minimum deposit threshold of each account provided by the brokerage is relatively high, which is not suitable for inexperienced beginners to start.

Is FXCM Group good for day trading?

This broker is not suitable for day trading. It is unregulated and lacks market credibility, which increases trading risk and is not suitable for day trading that requires high security and stability.

Broker Information

Company Name

FXCM Group

Abbreviation

Fake FXCM

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company

--

X

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • office@fxcm-group.io

Company Summary

Review

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