Open trader account | is a BIG SCAMM WITH FAKE REGISTRATION. (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!!!!!!

Clearly with the above mentioned pitfalls, it’s very understandable why Forex trading companies need to be held accountable. There is often a very thin line between an aggressive salesperson and a scammer. Both of them have the job to persuade potential clients into buying their product. Both of them should be morally obligated to hold the line of persuasion without entering into manipulation.

  • If people see bad performance right out of the gate, the primary tendency is to ask for a refund.
  • A currency pair is the price of one currency in relation to another.
  • Will take less than 1 minute to process your deposit but 1 week for a withdrawal as standard.
  • The trade execution speed is too slow that my orders placed 10 to 40 pips differs from my elected position, I’ve tried to used an EA but the EA system didn’t work too.
  • More likely will insist you follow a trading signal generated in the 1980’s.
  • protects its clients’ personal and sensitive data under SSL encryption.

A legitimate broker will reach out to his or her client every so often to offer his service or assistance, however most of the communication with the broker is and should be initiated by the client. We know from our extensive research that by using these 7 telltale signs, you’ll be able to know right away if the Forex company that you’re considering is legit. Index CFDs are special contracts, derivatives of derivatives, i.e. when trading with similar instruments, the role of underlying assets is played by index futures. If there is no information about the company executive team, where the company is located, or what phone support it offers, it is most likely a scam. Scam brokers don’t want any names, locations, or contact information linked back to them when they inevitably get into trouble. Taken from our forex broker comparison tool, here’s a comparison of the must trusted forex brokers. Now they sell it hard and aim to profit from sales, and do not care if the EA will lose money in the next few months or even in the years to come. The sales are the only thing that matters for people running such scams. If you just search around a bit I’m sure you will run into such ‘rackets’ – if you haven’t already encountered these in the past. Usually their website and product presentation starts with a video that will scare anyone by giving the fact how world is gone bad and economics are crashing.

Exchange Markets

When you move money into your trading account from your bank account, a deposit fee can be charged by the broker. Each time you transfer money into your bank accounts, these withdrawal fees become applicable. is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, forex scam an online broker is not necessarily influenced by the amount of customers they have., as a company, has a powerful set of rules for ensuring honest trading on its platform. For data encryption purposes, it provides an industry-standard secure socket layer . They features trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps. Their outstanding array of tools will be beneficial for most traders.
When people buy another “crappy” EA, usually most of them ask for a refund in 60 days or less. This is after gauging the initial performance and seeing that it is not very good. Of course, there are some people who do not ever ask for a refund. Unscrupulous vendors are usually expecting these kind of customers to help keep them in profit. You can see on the charts that the red arrow circled appears on the same bar in each chart, which helps you to visualize what I am talking about here. You can see that the 2nd image appears almost ‘perfect’ with its movements of the squiggly line, while the 1st image seems to be a bit slow.

Does accept Skrill?

For example, in a pair of EUR / USD you buy euros and pay for them in US dollars. Belonging to this company is a sure thing, and withdrawal is the safest. But first, you must have evidence of the scam as proof that you haven’t been able to make a withdrawal.

  • These fraud schemes can often result in brokers making big money while individual investors experience significant financial loss.
  • When you exercise an off-exchange forex currency option, you are more likely to get either a cash payment or a position in the basic currency.
  • In general, does not charge high fees in comparison to other online brokers.

Some brokers may offer a wide variety of trading products, while other brokers may specialize in one area, such as foreign exchange. Traders should trade with well-regulated brokers and reputable brokers. Claiming investment returns of up to 137% while declaring their trading program was fully-regulated, Simmons and Salazar were able to siphon $35 million from over 240 victims, many of whom were elderly. By using the money from new investors to make small payments to established ones, they avoided ever actually trading on the forex market. Trading in the forex market can be a risky business for anyone who takes part. But forex fraudsters choose a risk level that gambles their client’s investments and threatens severe punishments for anyone who gets caught. All content on is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks.

Besides online banking, wire transfer is a possibility also, even though it takes about 4-7 days. Fortunately, does provide assured stop-loss protection. We have tested communication via support in multiple languages and in various countries. We made a request via livechat through their app and website and received a response within 20 seconds. Understand the capabilities of the mobile apps of, freetrade & easyMarkets below. In case you are withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are opting to withdraw in. Commissions could be fixed or determined by the traded volume.

We have some information about owner of (FXCL) SCAM company and its may be resident of USA: Alex Teplitsky