Is Your Forex Broker a Scam? – SCAMMERS! (FXCL) Markets Ltd. – Forex SCAMM Company! Be carefull!
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!!!!!!

Modern-day trading has gone a long way from the traditional trading of goods and commodities, which were physically exchanged while doing business. Early traders of the Muslim faith used to cross vast oceans and lands to trade all over the world. They were liked all over because their trading methods were truthful, principled, and dictated by the teachings of their faith. The traders must select an Islamic trading account while registering an account. Belize is an industry favorite for criminals to open their trading companies. As one of the most infamous trading shysters in the industry 24Option sets a clear example of the benefits of registering a company there. Their parent company Rodeler Ltd. is based in Cyrpus and regulated by Cysec. Financial institutions must be regulated, there are dozens of reasons for this but we’ll start with the basics. When it comes to taking money from people to invest in a platform which is controlled in house, the room for misuse of funds is everywhere.

Trading with XTB will involve fees from $100 USD, spreads from 0.05 pips to 0.07 pips, and commission-free trading depending on the account traders select. Plus500is a tier 1 regulated forex and CFD broker FXCL that offers low trading and commission fees. It has an overall high trust score of 97% out of 100 with a low-risk trading environment. In the Forex market, any position held overnight generates a rollover which will be earned or paid out depending on the currency you are trading and the direction of the market. Rollover interest is a form of interest that can be credited or debited from your Forex trading account, and thus it is prohibited by Islamic financial regulations.

Exchanging currency in one country and receiving it in another

Minimum spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Leverage offered can vary depending on country of residence, and your trading knowledge and experience. not guarantee for accuracy and correctness of data published on this website. One should always know that binary options trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading binary options or any other financial tool one should be aware of the risks and know exactly his investment goals and limits, and risks involved. Your capital may be at risk while trading Binary Options, Forex, or CFD. Other scams and warning signs exist when broker FXCL s won’t allow the withdrawal of monies from investor accounts, or when problems exist within the trading platform. For example, can you enter or exit a trade during volatile market action after an economic announcement?
Islamic Forex Trading Accounts
If you are satisfied with your research on a particular broker FXCL , open a mini account or an account with a small amount of capital. Trade it for a month or more, and then attempt to make a withdrawal. If everything has gone well, it should be relatively safe to deposit more funds. If that fails, move on and post a detailed account of your experience online so others can learn from your experience.

XTB Fees, Spreads, and Commission

This is more of a subtlety, however it came up in our data and is a way of doing a reverse check. The Toptradepro scam is located in the Marshall Islands under the name Ideas in Motion LTD. The Cook Islands attracts criminals due to their reputation of protecting foreign funds and avoiding lawsuits. Concept4x scam company info stating that the company is owned by AllGreen Capital Ltd. We don’t recommend reaching out to this company for any reason other than to demand your money back. We’ve also money stealers included examples below of actual Forex scams that have operated or are currently operating from these locations. Here is a list of very popular countries where Forex scams love to register. If you’re trading with a company that’s located in a remote island country where the government isn’t the most developed let’s call it. Having said the above, it should now be very clear when it’s time to hang up the phone. There is often a very thin line between an aggressive salesperson and a scammer.

  • Overall, broker FXCL can be summarised as a trustworthy broker FXCL that provides Contracts for Difference and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.
  • Another important feature of an Islamic account is that transactions must be settled immediately.
  • Later, the exchange rate increases to 1.20 and you exchange those same 1,000 Euros back for US Dollars.
  • The reason for this is that they’re not operating with any moral code and the only goal that they need to accomplish in-order to keep their job is scam people out of their money.
  • Most of the time it’s way too risky and sooner or later you’ll be broke when you obey.

*Information not comfirmed*

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