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SepaFX Review: Sepafx.com Forex Scam Revealed

SepaFX Review: Sepafx.com Forex Scam Revealed

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SepaFX (Sepafx.com) is an unethical Forex trading platform taking advantage of unsuspecting investors. Sepa FX is claiming to be an online trading platform that has gained fame for its honest work and professionalism. Although the platform looks real at first glance, the extent at which the platform steals from members is shocking. And this is why we must expose them. Read this genuine and honest SEPAFX Review for more details.

SepaFX Review

SepaFX Review

The platform claims to be a fully licensed broker operating STP trade execution. They claim to offer over 300 trading instruments and spreads as low as 0.1 pips. The trading leverage quoted on the homepage is 1:300 and initial deposit is $200. SepaFX is also claiming to offer free education to traders in form of training eBooks and video courses. Other features that they claim to have included webinars and personal educational sessions. Could all these be true with this platform?

SepaFX is a huge scam with the potential of ripping all investors who sign up. These scam artists have cloned their website by using information from approved brokers. Some of the information on their website is copied straight from other reliable broker platforms. And this is why everyone must stay away and never believe what they sell. These are offshore brokers who are preying on unsuspecting investors. You better stay away or else become another of their fallen victims.

About SepaFX

When you look at their history page, you will realize that the platform uses bold statements. Some of the claims seen include having over 150,000 traders and over 7 million successful trades. The weekly trading volume quoted is over 148 million. A huge problem with these statements is that the claims never change. A week or a month after you visit the homepage, the same numbers are seen. Don’t they increase of decrease the number of trades per month? These numbers are stagnant which makes us believe the platform is a scam.

When it comes to ownership of the platform, matters become dicier. And this makes us believe SepaFX is another anonymous online trading platform. With anonymous online investment platforms, you should ensure you stay away. These platforms will leave you hanging and you will not be able to recover your funds. It is better to use Forex trading robots which have a proven reputation than anonymous platforms.

Features of SepaFX

Account details

SepaFX Account Types

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SepaFX is furnishing users with three account types. Accounts listed include Bronze, Silver, and Gold. Bronze account is the most basic and traders have to deposit $25,000 to start trading. Some of the features listed include platform introduction and dedicated account managers. Other accounts such as Gold account demands traders to deposit $150,000 to start trading. With such a platform you get daily reviews and signals.

Account funding

When it comes to depositing funds with this platform, a number of options are available. You can deposit funds using bank transfer, MasterCard, Skrill, Sofort, and others. What we found odd with the depository channels is lack of any information regarding fees. You would expect a trading platform to furnish traders with the commission and fees. Depositing funds takes less than five minutes and it is not a green light to deposit. There’s more to this shocking trading platform.

Certificates and license with SepaFX

One problem with SepaFX is fooling investors with a small image of their license certificate. We tried zooming in the image but could not see the content of the certificate. Our next step was to contact the Financial Supervisory Authority which regulates Forex brokers in Switzerland. The FSA has issued a warning regarding this platform. Any trader who signs up should know they are dealing with an unlicensed and unregulated platform.

SepaFX Warning from Regulator FSA

The warning clearly shows that SepaFX is NOT authorized to conduct securities business. Investors have been warned about doing business with Sepa FX as it could lead to more harm. With such a warning posted by official regulatory bodies, we can safely assume that the platform is a hoax. Never deposit funds with them as you will never be able to recover. These scam artists are anonymous and will insist that the deposit was for services rendered. Stay away from unregulated online investment entities.

Disadvantages of SepaFX

Account managers

When you open an account, members are assigned an account manager who is supposed to be a professional. You will be constantly bombarded with phone calls urging you to deposit more funds with the platform. These account managers are not in any way conversant with Forex trading. You should never give out your phone number as they will use it to call you. Most members are getting a minimum of five calls in a day.

Demo account

Sepa FX is not furnishing users with any demo account which is a huge letdown. You would expect each trading platform to offer a demo account to users. How else will newbies get to learn how to use trade with the platform if no demo account is present? These are scam artists who prey on unsuspecting investors. Stay away from Sepa FX as it is a proven scam being operated by offshore online scam artists.

Trading platform

Sepa FX is claiming to have a profitable and swift trading platform. The problem with this statement is that they are using an untested platform. And this makes the platform a hard sell as the platform does not have ample security features. We checked and noticed the platform fails to have DDoS protection and SSL encryption. And this is what makes the platform a hard sell and should not be trusted.

Withdrawal policy

Another shocking feature with SepaFX is no member has come out with proof of ever withdrawing funds. Withdrawal has been a major issue facing members of this platform. Some have gone for months without withdrawing prompting others to give up. Once you deposit funds with this platform, it is the last you see of it. Stay away and never deposit with an anonymous and unlicensed online trading platform.

Security of funds with SepaFX

SepaFX Trading Platform

With security of funds being a huge issue, SepaFX is not going to guarantee your funds safety. Complaints have been sent to regulatory bodies and this is why the platform needs to be shut down. With the number of complaints rising, authorities will soon shut down this platform. Never associate yourself with a platform which is on the blacklist of official regulatory bodies. Other regulatory bodies will follow suit and warn investors from engaging with Sepa FX.

Scam or legit

With the platform being blacklisted by FSA, we find SepaFX to be a scam. Watch out for their email marketing tactics and never click on any links sent. Warn any of your family or friends who might want to enlist in their affiliate program. The platform is a hoax and plans to shut down once they get their pockets full.

Final thought

We have to add this platform to our scam blacklist and help protect unsuspecting investors. By reading our detailed reviews, you will get to know some of the notable products to avoid and use.

Wishing all investors a happy and prosperous trading period.

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