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Continue FX (Continuefx.com) is a forex brokerage firm purporting to make you rich quickly. We have just been reading emails sent to us by scammed victims. Over the past week, we have received nearly twenty emails from victims who lost all their money with ContinueFX. This is why we decided to conduct a thorough investigation and find out the truth about Continue FX. Read on to find out shocking facts.
Visiting the homepage, you will see exciting promotional material that will entice you to join ContinueFX. These scammers claim to help you make it big all thanks to the numerous advantages they hold. From competitive spreads, MT4, MT5 trading platforms, quick withdrawals, and best promotions. These are some of the promises Continue FX is making to members.
Knowing how all these can entice potential investors, we continued digging to get to the truth. One of the first red flags we noticed was the claim of having over 70 currency pairs to trade with. They also claim to have 15 major indices and CFDs such as cotton, coffee and more. Continue FX is also involved in Cryptocurrency trading as they offer different cryptocurrencies to choose from. These include Bitcoin, Litecoin, Ethereum, Ripple and others.
ContinueFX offers three different accounts types to choose from. Elite account, Prime account which they claim is most popular, and VIP account. Each one of these accounts comes with different packages. Elite offers spread of around 1.6 pips leverage of to 1:300 and a minimum trade volume of 0.01. Elite account apparently does not have swap charges. You are supposed to deposit a minimum of $100 to start trading with Elite account.
Prime Account has spread of 1.2 pips, leverage of up to 1:300 and a minimum trade volume of 0.01. There are no swap charges in this account too. Minimum deposit to trade with this account is $2000. VIP account comes with spreads of 0.2 pips, leverage of up to 1:100 and a minimum trade volume of 0.01. There are no swap charges too. Minimum required deposit to trade using this account is $20000.
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One of the things we noticed with ContinueFX was the spreads. These spreads are not in any way acceptable by the industry. This is simply a ploy to entice traders that trading with Continue FX is easy. Folks, it’s not easy trading with this platform and we will reveal details as to why this isn’t true.
Instead of dealing with fake Forex brokers, why not use genuine and trusted brokers? You will never go wrong with approved brokers. Your money will always be safe and always have a chance to make real profits.
You might have seen some positive reviews floating around the web. We have learned that these scammers have hired webmasters to post positive reviews. These positive reviews are meant to make Continue FX appear legit and trustworthy. Ignore all these reviews as webmasters take a small commission from these posts. These webmasters are hired from sites such as Fiverr for a small commission just to write anything.
Continue FX claims to have award-winning trading platforms. We tried these two platforms and noticed that our trades were manipulated. Yes, these scammers make sure your first trades are all successful. This is a ploy fraudster use in order for you to believe that this is a genuine product. Once you see that you’re are making only successful trades, you will want to increase your deposit. Thus, increase your chances of losing even more money.
We tried downloading this platform using various devices but the download was not complete. We thought that this was our fault but it turned out no one has downloaded their platform. Why would they claim to have an award-winning platform if users can’t download it? It’s simple, they just want the brokerage firm to appear professional. This is far from the truth!
ContinueFX claims to have all the right research and analysis tools. Providing up to date market research is what they claim to do and as such, are able to guarantee profits. Research for trading is not as easy as Continue FX would lead you to believe. They don’t tell us how they do their research making us question their intent.
With all financial markets, not just Forex, no one can guarantee profits. This is next to impossible. Market prices of commodities can change in a matter of minutes due to unforeseen circumstances. This is why making such claims led us to believe we are dealing with a scam brokerage firm.
ContinueFX has an affiliate program called Introducing Broker Program. Once you sign up, you will earn a commission of $25 for every person who registers under you. We don’t know anyone who has been paid by referring friends or family to this scam broker. All we know is that all those who have been referred have all lost their money.
Joining a Forex broker who has an affiliate program always raises eyebrows. This is one of the numerous fake Forex brokers use to scam people.
Instead of dealing with fake brokers, you can always use forex trading robots. Forex trading robots come highly recommended since they do actually make real profits. Always use recommended and trusted Forex trading robots to earn reasonable profit margins.
Continue FX accepts different types of payment methods. Neteller, Perfect Money, MasterCard, Visa, Skrill, and Bank wire transfers. What we found odd was the fact that users can only deposit and not withdraw using this fake brokerage. Why would you want to join a brokerage firm that doesn’t allow you to withdraw your money?
Only scammers come up with a plan where members can only deposit money. ContinueFX is a Ponzi scheme where once you make your deposit, it’s the last you will hear from them.
Beware of Bonuses Offered.
Continue FX offers bonuses for up to $5000. This is insane. Who gives away such an amount as a bonus? Note that this bonus is only offered in the demo account. Once you get the live account, they will later use this against you. When withdrawing, they will try and deflect your attention by claiming that you used their bonus and thus cannot withdraw. And this is why we refer to Continue FX as a scary scam.
With all the evidence produced, we have no option but to blacklist this Continue FX as a Scam. Millions have been scammed using this Forex trading platform. Don’t be another victim and stop interacting with any support staff. Bes thing you should do is ignore all incoming emails urging you to sign up with ContinueFX.
Judging by the numerous emails we receive and continue to receive; this scam will cost people millions. Best thing to do is to urge the relevant authorities to pull the site down. Always be on the lookout for scams flying around the web, ContinueFX is one of them.
Instead of losing money with fake brokers, get genuine and trusted forex brokers. This way, your money is safe, and you stand a chance to make real money. With tested and approved forex brokers, trading becomes more comfortable.
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