Menu Review: Is Castlesfx Scam? Review: Is Castlesfx Scam?

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Castlesfx is the signal application that sends Forex and stock traders trading signals. The app is available for both Android and iOS users. The developer states that the sole purpose of designing this app was to enable investors to have an easy time in their trading activities.

If you utilize this application, you have a high chance of growing your account. The company behind CastlesFX is known as Castlesfx Inc. it claims that it is based at 1 Tonge Street, Suite 1801 Toronto, ON M5E 1W7 Canada.

The platform claim that it has been in the market for over 10 years. Sadly, the information is not correct according to the company was registered in December 2017. Additionally, the company state they have been able to meet the expectations of their clients for the time they have been in the industry.

The company claim that they eliminate emotional while trading; hence you will make the best venturing with them. The platform have a limited time offer for both Stocks and Forex traders of 85%. They also Make it clear that they are not a Forex brokerage, but a Canadian Consultancy company and, recommend their clients to trade Forex instead of stock because it has more liquid market, and you can trade Forex around the clock.

Castlesfx claims that they follow a strict ethical guideline that benefits both them and investors without compromising any of the parties interest. The company does not work with any Forex brokerage in the market. Hence there’s no possible way that they will ever have a conflict of interest in their trading activity.

Castlesfx Review

The firm believes that putting their customers first attributes to their success. They urge other Forex brokerages to emulate how they run things. Remaining neutral with a trading partner is the best method to serve traders.

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In the website, the application can be accessed for free. However, there are some tools that you have to pay a monthly subscription for you to enjoy their features. Some of the benefits that traders enjoy by using Castlesfx is getting instance trade alerts, the platform charges no commission, and they provide an FX calculator stop. Review, Platform

Investing with this application will help you to manage your money as well as calculate lot size. You’ll also avoid encountering numerous risks by leveraging your count. Moreover, the signals that Castlesfx sends are convenient is they send them directly to traders phone

The signals come along with the target price, entry price, and stop loss. There are a majority of Forex trading companies that send their clients trading signals of the market. However, not many of them use such an application to serve their customers. The platform is unique in its nature.

Majority of the traders wonder if Castlesfx is worth their money. The Forex industry is flooded with numerous companies, and all of them claim they are the best. Hence it’s become even harder for investors to choose the best reliable Forex company in the industry. Avoid investing with pyramid scheme by acquiring adequate knowledge of how the market works.

How Does Castlefx Operates?

It is currently unknown the trading strategy that Castlesfx is using. Nonetheless, on their platform, they state they do well in the market. You need to know how to trade, have adequate patience as well as knowing the opportunities to take and the one to walk away from is vital in the Forex space.

The people behind Castlesfx believe in quality over quantity which is a good indicator. The company will be sending one or two indicators that they are sure of instead of sending random signals that may lead to losses.

Regardless of this, there are critical issues that the company has not addressed. We are not aware if investors use any technical analysis or price action method in their training process. The platform should avail the data to win the trust of traders.

Castlesfx has three plans that investors will encounter when they sign up to their application. The first plan traders will have to select what favors their needs they charge $39 per month,$69 per month, or $89 per month.

What distinguishes the three plan is one purely focuses on Forex while the other focuses on storks, and there is one that has a mixture of both Forex and stock signals. The website is easy-to-navigate and well-designed. Unfortunately, they do not discuss their trading performance.

Majority of Forex traders, especially the experienced ones, will look for visible evidence the company showcase on its website. Without performance report, it will be difficult to believe Castlesfx indeed is the best Forex brokerage, signal provider.

Considering that the platform has been in the market for years, they should not have a problem publishing their accomplishment. If you proceed with them without knowing the above info, you risk losing your money.

If the company is legit, they should try winning potential traders by all means. Through providing trading results, they will build more trust, and people will know what they can expect from them. It will be easy to convince their package is worth the monthly subscription.

Is Castlefx worth Forex traders Fraud?

Company has done the best in proving they are not a fraud. However, they need to do more than this as essentially, information is missing from their website. Castlesfx needs to provide proof with statistics to gain the confidence of traders.

If they become transparent traders will flock in their system, but without proof their claims become null, and we can’t recommend them. Moreover, they do not have registration or regulation document on their website.

Without providing the evidence, we are not guaranteed they will provide good results consistently. When it comes to your money-making mistake is not allowed because you might lose a lot in the process.

Contact details

To reach the support team of Castlesfx, you have to leave them an email at; [email protected] Traders need a more convenient method to follow up in case of emergency or problem while trading. Providing a telephone number would be a better option than email.

You might send them an email, but they will never respond. During the research, however, we did not encounter any complaints from those who have invested with them, when it comes to the legitimacy of a company they need to have a licence that permits them to collect funds from members of the public.

We checked with Pacific, European, and Asian regulatory authority, but the company did not appear on their database. It raises suspicion because the safety of traders funds is not guaranteed. Investing with regulated Forex brokerage ensures that your money segregated from the owner of the companies account.

In case of bankruptcy, you still receive your money. A company that does not offer the safety of your money should not be your priority. It would be best if you were more careful not to trust the wrong people in the market.

Final verdict

Castlesfx does not reveal their trading strategy, which is not a good sign. Information on the currency pairs is also missing. Furthermore, they only focus on talking about the signals that they send to traders and,  do not mention the frequency they send them at.

Investing in this company without knowing all the requirements will be an unwise decision. There are better Forex brokerage bots that can give you a reasonable amount of return without gambling with your money

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