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FcxTrade

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Operating status: SCAM

Website: https://fcxtrade.com/index.html

Broker violations and abnormal records
  • 2022-02-27 BrokersView has reviewed that FcxTrade is an Unregulated Forex Broker

    FcxTrade claims to be an authorized company operating within the United Kingdom. However, we didn't find any regulatory information of this broker from the UK's Financial Conduct Authority (FCA). That means FcxTrade is providing its services in the UK illegally. 

    Besides, FcxTrade states its regulation by the FSA of St.Vincent and the Grenadines (SVG FSA) and IFMRRC of Russia. Nevertheless, neither SVG FSA nor IFMRRC regulates, supervises or licenses international companies engaging in such activities. So FcxTrade is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam.

    FcxTrade claims to be an authorized company operating within the United Kingdom. However, we didn't find any regulatory information of this broker from the UK's Financial Conduct Authority (FCA). That means FcxTrade is providing its services in the UK illegally. Besides, FcxTrade states its regulation by the FSA of St.Vincent and the Grenadines (SVG FSA) and IFMRRC of Russia. Nevertheless, neither SVG FSA nor IFMRRC regulates, supervises or licenses international companies engaging in such activities. So FcxTrade is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam.
  • 2022-07-07 BrokersView has found that FcxTrade is not working

    On 8 Jul 2022, BrokersView found the domain https://fcxtrade.com/index.html is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 8 Jul 2022, BrokersView found the domain https://fcxtrade.com/index.html is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
  • 2024-09-25 Belize FSC issues a warning on FcxTrade

    On September 26, 2024, the Belize Financial Services Commission (Belize FSC) issued a warning about FcxTrade, highlighting that it is not licensed by them. https://www.belizefsc.org.bz/warning-notice-fcx-trade/

    On September 26, 2024, the Belize Financial Services Commission (Belize FSC) issued a warning about FcxTrade, highlighting that it is not licensed by them. https://www.belizefsc.org.bz/warning-notice-fcx-trade/

Related Complaints

Q&A

I cannot find license used by FcxTrade on their official website. Could you please look it up and see if this broker is safe?

Wick
Nepal
2022-03-07
ANSWER FcxTrade is not legit and should be avoided at all events. FcxTrade claims to be an authorized company operating within the United Kingdom. However, we didn't find any regulatory information of this broker from the UK's Financial Conduct Authority (FCA). That means FcxTrade is providing its services in the UK illegally. Besides, FcxTrade states its regulation by the FSA of St.Vincent and the Grenadines (SVG FSA) and IFMRRC of Russia. Nevertheless, neither SVG FSA nor IFMRRC regulates, supervises or licenses international companies engaging in such activities. So FcxTrade is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. We would recommend you to stay away from FcxTrade and any other unregulated brokers, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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2 comments

mahamadrafik mujawar
can i submit company ppt.they said he is type of broker xtb and hear we use copy - pest accounts .how i send you this company ppt .please see and suggest us
2024-08-08
Reply
Brokersview Official
Dear Trader, our official email address is service@brokersview.com. Kindly send us your message.
2024-08-09
Reply
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