Fx Farms (fxfarms.com) is a hyped Forex indicator that provides unlawful services to investors. FxFarms is another forex indicator scam that is causing havoc in the online trading world. After receiving hundreds of complaints from members of FX Farm, we decided to investigate. What looks like a legitimate website is another clone indicator stealing from investors. And this is why we must ensure no one falls for this trap. Read on to find out why we mark FX FARMS a scam.
The platform is washed with numerous forex products including offering trading signals. They claim to offer scalper bot services to investors. From the look of things, the website has managed to offer numerous products and services to investors. The website is designed to imitate a real platform and has managed to entice numerous investors. Details regarding the platform started coming out at the beginning of last year. The majority of people started lodging complaints against this platform.
Fx Farms is claiming to have the best and talented professionals who are classy and dedicated. If this was true, the number of complaints wouldn’t have risen to alarming levels. The platform is full of information regarding the products and services offered within the website. Three of the main selling points include commodity, currency, and Crypto trading. Are they really good at these three areas? Time is the best judgment and right now, things are not looking good for Fx Farms.
According to their market’s page, the platform is offering a number of trading products and services. These include bonds, commodities, Crypto, Forex, Futures, and Shares. What remains to be the biggest problem with the website is the lack of accurate information regarding the products. FX Farms fails to give investors the full details of the conditions available. The products mentioned do not have any specific conditions which are at a disadvantage. Investors are signing up blindly without the full set of conditions made known.
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Paul Miller is the person who is introduced as the head and pillar of Fx Farms. They claim that he was born and raised in the UK and has a degree in Business administration and Finance. The story goes on that he invested in Bitcoin in 2011 which made him a wealthy man. He then started Fx Farms a few years after beginning to trade currencies. Scam artists will create a compelling story of a man who has it all. Why is Paul Miller not recognized by any investors in the UK and the United States? He is a fictional character used to entice unsuspecting investors.
Contrary to what the platform publishes, there have been scathing comments regarding the platform. These scam artists are countering by hiring keyboard masters to post positive comments. They also go ahead and hire actors who act as members who have used the platform and succeeded. And this is where investors should be wary of what they see on promotional videos. If they were true, we would all join the platform and have a piece of the cake. Sadly, this is not the issue of FX farms.
What we found weird with the platform is that they have been live for a long time. Details from the leading domain tools register show the platform is over four years old. Trusted domain records reveal the actual registry date of the website was 12th March 2015. What is shocking is that the website has managed to go for long without any scrutiny. Thanks to complaints from members, investors can now learn the truth about this platform. And this is why investors should be wary of the platform. They have managed to be underground for a long time, imagine the true number of victims?
Andrew Ingram, Andrew Morgan, and Travis Gilbert are the people who claim to be experts. They have been listed as the full experts who handle the day-to-day business. The platform has also posted images of so-called agents from all over the world. What we learned from the experts is that some of them have been linked with other online scams. The video presentation on the website marking their first anniversary is green scripted. It means the background is not real, actors and movies use them to create background imagery.
The real location of where the company is located remains hidden. Information on the website would suggest the platform is based in the UK. It is misleading information since these scam artists are using a false UK address. A further investigation reveals the website and the address belongs to Regus, a virtual office provider. Traffic from Alexa shows 60 percent is from the United States. These scam artists are either located in the States or targeting citizens of that region.
Fx Farm is NOT licensed or registered to offer any trading products or services. To confirm our fears, we reached out to the authorities in the two regions. In the UK, the Financial Conduct Authority has not licensed any product under the name FxFarms. The FTC in the United States and NFA has also not regulated such an entity. And this is proof we are dealing with a rogue online trading platform. It is best to stay away from such platforms which offer no valid trading services.
Members will not get any compensation in the event of bankruptcy or insolvency. And this is a raw deal for members as the platform will soon go under. An investigation is underway from regulatory bodies and a warning is on the way. Other regulatory bodies in the UK plan to stop the platform dead on its step. A press release on the website will ensure authorities shut down their entire operation.
Fx Farms is providing investors with five plans to choose from. The plans listed include Base, Trader, Lead, Eagle, and President. These account plans come with a guaranteed profit margin of 1.5 percent to 2.45 percent. Users can invest as low as $25 with the Base plan and $55,000 with the President plan. None of these plans will help investors reach their financial goals. They are traps to get investors from different classes.
As stated earlier, the platform claims to be located in the United Kingdom. After calling the number listed, it went straight to voicemail. A real trading platform should offer live chat support to ensure communication is effective. Members have to wait for days to get a response when they use email channels. It is clear that these scam artists don’t want to be contacted by anyone. That is why they also hire actors to act as staff members.
Members should not expect to withdraw any funds from the platform. Not a single member has come out with proof of withdrawing funds with the platform. What the scammers have done is to ensure they have the necessary depository channels. Depository channels include e-wallets and Skrill. Word of caution, don’t deposit even a penny with the platform. Fx Farms is another online scam targeting newbie investors and traders.
The safety of funds is not guaranteed by a platform with no proper security software. Lack of proper security software is evident with no DDoS protection available. Investors and members are prone to third party attacks. Stay away from this bogus platform.
After reviewing all the facts, it is clear Fx Farms is a scam. Stay away from the platform and ensure you never sign up with them. Mark any of their promotional emails as spam and resist from opening an account.
Steer clear from this product and use affordable Crypto tools when dealing with Digital Currency. Go for industry-backed tools that are affordable and easy to use.
We wish all investors the very best.
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