Forex trading scams | Fxclearing.com is a BIG SCAMM WITH FAKE REGISTRATION.

29.03.2022 - by Johannes Gelius

https://www.fxclearing.com/ (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 Fxclearing.com 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
https://www.facebook.com/theimbachronicler
639776459387 / 639155292409

Lea Jean Belleza
Assistant
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/lj.r.belleza

James Tulabot
Team Leader
https://www.facebook.com/jamescuzy

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview
https://www.facebook.com/allennicanor.costales
639565914849

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines
https://www.facebook.com/Kristoff225
639561355764

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines
https://www.facebook.com/xanty.octavo
639171031948

Virgilito Dada
Account Manager
https://www.facebook.com/potsdada.antonio

Elton Danao
Sale Manager
https://www.facebook.com/eosnyssa
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

The pyramid scheme is also called multi-level marketing . So, if anyone or any brokers tries to attract you through it, you should avoid it. To identify such schemes, you can check out the fake forex brokers list. So, the more investor you can collect, the more commission you can earn. The higher level of the pyramid you are, the more money you can earn when new recruiters join under your subordinates. This kind of investment does not actually create any value to your portfolio; rather, you slowly become a broker from the forex scam list. It is just taking money from other people and pass to a higher level and continue forex trading scams. The number of forex scams you can find with just a straightforward search on Google is shocking. There are plenty of forex trading scams criminals out there who wait for novice traders so that they can defraud them.

Below are some of the largest and most reliable financial market regulators. Make sure you double-check on a broker’s regulation on the regulator’s website as it is not unlikely for scam brokers to fabricate their regulation. Forex is not a pyramid scheme, but some so-called brokers do operate as MLM companies. Just like any other pyramid scheme, they promise you a dream-like life where you can quit your job and travel around the world while money keeps pouring into your bank account.

Forex Scam Brokers List 2022 500+ Fake Forex Brokers List

Determine whether the broker is regulated or uncontrolled. The creation of the Cyprus office physically placed us in one of the most successful Forex markets, putting our firm in an even better position to carry out Forex Scam Litigation. Lucror Capital Markets LP is an Auckland, New Zealand-based privately held brokerage firm. Lucror FX is a member of the Financial Services Providers Register as well as Financial Services Complaints LTD . Although automation does a lot these days, you should be able to chat with a person no matter who you’re working with.

  • In fact, a quick Google search will expose how easy it is to market yourself as a signal seller.
  • In this way, the scam broker can easily force an account into a margin call.
  • This snip is from 12 Trader, which features fake awards form Bloomberg and The New York Times.
  • Steps may include posting comments online or reporting the broker to FINRA or the appropriate regulatory body in your country.
  • BASIC – The Background Affiliation Status Information Checker is a free service from the NFA that allows traders or investors to check information of specific companies or persons.
  • These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice.

However, some brokers may put restrictions on accessing the fund. If you cannot access your fund when needed, you might be going to face trouble. This kind of policy is a red flag while choosing the broker. Usually, brokers earn a commission from trading activity. Therefore, brokers tend to work on unnecessary buy or sell or influence traders to trade to earn commission from trading.

Regulated vs Unregulated Forex Brokers

While the draw of immediate profits is difficult to resist, it is preferable to err on the side of caution and conduct a complete vetting process. Exaggerated boasts of big returns on minor investments are a common hallmark of a forex fraudster. If you are assured large returns, it is most certainly a scam. Your investment’s performance is greatly contingent on an unpredictable market. However, a company that claims to provide regular high returns is making misleading claims because it is not possible in the foreign exchange trading industry. “Vertical Markets,” which was founded in Europe in 2008, operated in an offline manner until 2015. Nowadays, this broker is actively growing and successfully providing traders with services in the European, Russian, and CIA markets. Vertical Markets is a trading name of TS Basis LTD, a Seychelles-based corporation. The company is not subject to any financial regulations. The combination of offshore registration and a lack of control is risky.
 Fxclearing.com is a BIG SCAMM WITH FAKE REGISTRATION.
Be wary of those brokers that are not regulated by the CFTC and the NFA. Believe it or not, there are some brokers who “cheat” their clients. Determine significant support and resistance levels with the help of pivot points. Find the approximate amount of currency units to buy or sell so you can FOREX SCAM control your maximum risk per position. Learn how to trade forex in a fun and easy-to-understand format. Become profitable trader with a help of our great community. Hopefully not, but if anything looks suspicious please feel free to contact me and I’ll have a closer look into it for you.

Scams through software

In this way, the scam broker can easily force an account into a margin call. This is one of many examples of how the forex scam industry is operated. Below is a list of blacklisted forex brokers in alphabetical order. Don’t be surprised with the number of brokers on this list. Scammers https://www.fxclearing.com/ will simply go to the business where money is concentrated. Please note that some companies may have already ceased their forex operations. In today’s era, information is accessible to anyone within minutes. Identifying forex scams is not as difficult as it used to be.

Other common scam practices include advertising pictures of expensive cars that are given away to lucky investors. The prospect of making money while you sleep is enticing. In the case of Forex, scammers would promise trading systems or robots that will perform all of the hard work for you. This trade is carried out by computers, which make purchases and sell choices based on predefined factors. Needless to say, these forex robots have not been tested or vetted by any third party to ensure their credibility. In any event, relying entirely on a system to make financial and investing decisions is not a good idea. As much as we would like to believe that computers are error-free, they are not.

*Information not comfirmed*

Category : Forex Review