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Fake FXCM

United Kingdom
Entry Time 2020-08-27
2020-08-27Input
http://www.fuhuiyazhou-fx.com/en/
http://www.fuhuiyazhou-fx.com/en/
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2021 years 5 Month
2021-5
Time2021 years 5 Month
Time2021 years 5 Month
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Pyramid scheme complaint
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    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.

    basic-info

    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.

    account-types

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

    Leverage

    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.

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    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.

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    United States
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    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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