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Fix-Trade (Fix-trade.com) is another brutal CFDs and Forex scam platform targeting unsuspecting online investors. Fix Trade is claiming to be based in London which is false as they are offshore based. With members coming out daily disgusted by the turn of events, we have to expose this scam. Traders thought this was a genuine platform and deposited funds with them. Read this genuine and honest FIX-TRADE Review for more details.
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After receiving numerous email complaints from members of this platform, we decided to investigate. Trouble started brewing when these members decided to withdraw their earnings with Fix trade. Since the platform is a hoax, no withdrawal has taken place as scam artists are behind this website. Thanks to our years of trading experience, we know how to post a scam from a mile away. It is best to read this entire review and find out what makes this platform a total sham.
Scam artists are known to clone websites in the hopes of enticing investors to sign up. Fix Trade is another well-designed website which looks real to the naked eye. What these scam artists doesn’t want you to know is this is a well plotted scam. Once you deposit funds with this platform, it is the last you will hear of it. FixTrade is another rotten scam which will wipe your bank account clean if you are not careful. It is best to find out some of the tricks used by these scam artists to avoid any mishaps.
What the disclaimer at the footer of their homepage claims is a total lie. Claims of being located in the UK are false and merely meant to fool investors. Scam artists who target EU investors have a habit of using the UK as their base of operation. With a UK background, these scam artists make you believe you are dealing with a legitimate platform. What about their contact details? Are they genuine? Scam artists will use virtual phone numbers to post as their contact details for investors to use.
Anonymity is key to any scam and Fix-Trade is using this feature to the maximum. No one knows the actual owners of this website. What is the name of the founding members of this website? Why have they failed to give us names of the brokers associated with their platform? It is because this is an anonymous website which is likely based offshore. Beware of websites which don’t give out vital information such as real persons. Anonymous online investment platforms are where scams thrive.
With claims of being located in the UK, you would expect some legal documents to prove it. The FCA is the body mandated to regulate any Forex trading platform. We searched the FCA’s register and did not come out with any name licensed with this name. Royal Forex Ltd is a licensed entity but does not have any partnership with Fix Trade. It seems these scam artists are using an already licensed name to use as their own. As we said earlier, scam artists will do or say anything to make their platforms appear legit.
If this platform was truly licensed, where is their license and registration number? A true platform will have copies of their license and registration details posted for all to see. By doing so, they validate their operations and also show transparency. A reason why these vital documents are missing is because Fix-Trade is not licensed. Make sure to check whether a platform is licensed by regulatory bodies. Safe platforms are licensed by ASIC, CONSOB. CySEC, FCA, NFA, SEC, among others.
We could not come out with any advantage of trading with an unlicensed entity. Anonymous entities are a bad omen as they usually take investors for granted. With anonymous websites, your funds are not secured. Insecurity is rife with anonymous websites which use fake identity and license details. For all we know, this could be a money laundering website which is stealing from innocent online visitors. It is high time we expose Fix Trade for the rotten scam platform they are.
Fix-Trade is furnishing users with four different account types to choose from. Accounts are named Mini, standard, Gold, and Platinum. What we noticed with these accounts is lack of information regarding their features. No one knows what features each account has including leverage and spreads. Another disturbing feature with these accounts is lack of information regarding minimum deposit. What is the minimum required deposit for each account type?
What these scam artists have done is insure investors can easily deposit funds. Account funding options are easily accessible. Depository channels include Bitcoin, MasterCard, Visa, Skrill, and others. What these scam artists have done is ensure anyone can deposit as depositing is easy and fast. Withdrawing funds still remains a challenge for anyone who signs up and deposits funds. Without withdrawing, it makes this a total scam which is enticing users to deposit funds without actual trading.
Another shocking feature with Fix-Trade is lack of a demo account. Without a demo account, users are signing up blindly not knowing what to expect. A demo account gives users a chance to get to know how the platform works. With a demo account, you will know the execution speed as well as platform in use. Security is also another feature demo accounts offer to users. It is clear Fix-Trade is openly offering a trading website without a demo account. Wise investors must ensure a demo account is available to use.
A problem with their platform is lack of DDoS encryption as well as SSL Encryption. Fix-Trade is having a web-based platform with no security features. Hackers can easily take over this platform and harvest personal data. Credit card information is at risk of being stolen which means your bank account is a target.
How can funds be safe with a platform which is anonymous in nature? Safety of funds is in question as we are dealing with an unlicensed entity. Segregation of accounts is also a huge problem as Fix-Trade is pooling funds in one account. Ensure you stay away from these scam artists are look for more stable platforms. No one knows who is in charge of handling funds. We believe investors are depositing funds straight to owner’s bank account. Investors are enriching the pockets of scam artists without knowing.
Fix-Trade is a scam which must be avoided and exposed. Warn your family and friends from joining any of their affiliate programs. Mark their emails as Spam and never click on any links sent by their marketing team.
To protect our readers, we will be adding this platform to our scam blacklist. Ensure you ignore any calls from their so-called account managers.
All the best in your trading experience.
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