(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!!!!!!

There’s no minimum time on which a trade must be kept available. The brokers offer premium customer service which rewards clients with benefits. There are numerous reviews on this broker warning traders that it may be a scam as there is no way for the security of trader funds to be ensured. Also, there is no substantial information available on the trading conditions that it offers. Panamoney was known for funds that were deducted from trading accounts in addition to forfeiting profits for falsified ‘early fund withdrawal requests’ that were not made by the traders affected.
How many people use
The review text, which is promoting crypto robot 365, promises the exact same thing as the scam broker website. He strongly believes that with a Positive Mental Attitude we can achieve any goal. EAs are only tools and need those who know how to utilize them properly to profit. However, in my opinion, the human intervention mustn’t interfere the particular Ea trading strategy. I have never been a victim of these money stealers so do not have much experience. They usually have fancy websites so you won’t spot them like this. What I mean to say is that most successful Forex robots are a combination of math, chart patterns and statistical averages. Trades do not win all of the time, but even if you are able to program a robot with a 55% win rate, you can make lots of money with it if you simply exercise proper risk and money management.

If regulated, how trustworthy is the regulatory body?

Below we take the main parts of any reputable online brokerage and compare against freetrade, and easyMarkets. Over the past 3 years, has developed into one of the leading online brokers available to the public. Traders had no way of reclaiming their funds even though NoaFX claimed to be under strict regulation from the Financial Markets Authority in New Zealand. This was, however, not the case, and traders lost their funds. CBFinvest claims to use a web-based trading platform along with mobile trading which can be done on any Android and/or iOS device. This broker has been marked as a scam and traders need to steer clear of it to avoid substantial losses. We agree that this is not the most telling indicator of a trading scam that we’ll list, but as a consistent part of the data that came up in our research, we thought we’d include it. It also may resonate strongly with those who have been targeted by a trading scam. Therefor a forex company operating with no regulation is a sure sign of a Forex scam. Financial institutions must be regulated, there are dozens of reasons for this but we’ll start with the basics.

This does not mean you are discouraged-in many cases, trading is safe and reliable, but only if you trade with a suitable broker. Since there are too many frauds by brokers, it is best to proceed with caution and only deal with regulated entities. Cooperating with an unauthorized broker does not provide protection in the event of broker fraud. Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. This company is a specialist in cross-border B2B transactions. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies. It also offers cross-border wire transfers, online payments and refillable debit cards services. The reason that asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, has to be careful that they don’t breach any money laundering laws and part of that is know as KYC .

Fees and Commission

They also sell the idea of not having to gain knowledge about Forex trading in order to copy trades and make money. Another principle illustrated by this example, is that just because a company is under official regulatory agencies, it isn’t guaranteed to be safe or even legitimate. Every trader who considers entering the market should remember that his account is not insured under any government agency, and if the brokerage or investment fund proves to be a fraud, the money is simply gone. Forex‬ ‪‎Trading‬ generally involves a substantial risk of loss, as well as high potential returns. As a result, if any company you are considering investing with claims to be able to offer you guaranteed high profits by trading forex, then you would be wise to be suspicious of a potential forex frauds. The offices of ForexCT was recently raided and the authorities decided to freeze company accounts along with the accounts of its director Shlomi Yoshai. As one of the 70 licensed forex brokers in Philippines, ForexCT has been selling its services to Philippinesn residents for a number of years now. The global forex trading market is thriving as investors look to capitalize and make quick profits. Unfortunately, this attracts conmen and grifters which can put the entire forex trading industry in a bad light. As one of the largest trading markets in the world, many financial predators lurk in the forex market.

*Information not comfirmed*

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