FXCM 360 (Fxcm360.com) is a CFDs and Forex distressing scam that should be exposed. From the numerous complaints we have received, FXCM360 is surely a dreadful scam. Anna Blinkova is one member who lost over $15000 to this shady broker. Chatter floating around the web regarding this broker is only negative. Here, we decided to conduct a thorough review and expose dirty tricks used. Read this detailed and honest review.
FXCM 360 claims to double your income from home without having to do anything. All you have to do is Sign up with them and the money will start floating in. Folks, ask yourself this question, why are they desperate to help you make money? Answer is simple, they don’t want to help you, you are indeed, helping them. Once you sign up, this is the last you will hear from them.
Scammers know for a fraud to work; they have to come up with something special. These fraudsters have come up with an enticing website. Look at the website and you will see how easy it is to believe everything. Homepage looks cool with a guy who looks rich smiling as he trades. Folks, this is simply what fraudsters do, make you think that you can easily make money. Sadly, this is not the case.
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All investors should always ask themselves this question before signing up with any broker. Problem with FXCM360 is that we don’t know who actually owns this platform. A face on the brokerage firm would make it easier for verification purposes. Sadly, with FXCM360, there’s no way to tell who owns it. And this becomes a huge problem for us. How can they expect us to deposit money to an unknown entity?
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Anonymity is a dangerous character to have when dealing with Forex or any other trading. Why would these owners keep their identity from us? A good reason why this is the case is simply to avoid detection by relevant authorities. FXCM 360 does not want to be contacted by victims or any other regulation institution. Now you know why we are against members signing up with FXCM 360.
For a fact, we know that this broker is not licensed nor regulated to conduct any Forex business. Why do we boldly state this? These brokers have not posted any registration documents in their homepage. Most legit brokers ensure that their registration and licensing documents can easily be seen. FXCM 360 simply does not have the required documents to prove their legitimacy in Forex trading.
Another red flag we noticed is that we don’t know for sure where this broker is located. They claim that their head office is in Munich, Germany. Another claim we see is that they are located in Marshall Islands Majuro. This means that they are offshore brokers. Offshore brokers are notoriously known for flaunting rules and regulations. Don’t sign up with an offshore broker, they are not worth it.
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Demo accounts are meant to ensure that users get a feel of what Forex trading is about. A demo account is essential for traders to get experience on trading. Problem with FXCM360 Demo Account is that these scammers have rigged it. These fraudsters have rigged the demo account in your favor. Don’t even for one second think that this is a good thing. Wait until you realize the dirty trick of a rigged demo account.
What these scammers have done with their demo account is simple. They have made sure that users get over 90% successful trades. This means that nearly all of your trades in the demo account are wins. This said, any newbie who sees these results will want to open a real account. And this is where the trap begins. Once you open a real account, you will never get your money back.
If FXCM 360 is as big as they claim, why haven’t we seen any notable testimonials on the web? Only testimonials that are visible are on their homepage. This means that the two testimonials used are just for showmanship. Mohammed-Al-Nasser and Najla Mohammed are simply photo shopped images. These fraudsters have put up these people for legitimacy purposes. They want you to believe FXCM 360 is a legitimate broker. Which clearly isn’t.
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Sadly. FXCM360 is neither licensed nor regulated by any regulatory body. What we also must reveal to you is that members are probably depositing money to owner’s personal bank account. How can anyone prove otherwise? There’s no mention of a depository bank that this broker uses.
Such brokers are simply here to steal your money. Make sure you stay away from this broker and get a legitimate broker.
In this day and time, you would expect a broker to have live chat support team. At least a bot would have worked. With FXCM 360 this is not the case. In case you want to make contact, you have to send them an email. Emails take time to get response and this is why we believe these people are scammers. Signing up with this broker will be problematic to say the least.
Notice that this broker users VITA platform? What we did was try to download this platform on our devices. This means that their platform is unstable and prone to cyber-attacks. Hackers can easily gain access to this platform and steal personal data. Worse still, hackers can steal your credit card details from this platform. Once they do this, they will wipe your bank account clean.
FXCM 360 is a scam that should be avoided at all costs. How investors should avoid it is simple, ignore all incoming emails. These people have an aggressive email marketing team and best way is to ignore their emails. Mark all their emails as Spam and never click on any links sent by them.
Evidence we have is concrete enough to warrant an arrest. This is one way of ensuring that scammers stay away from the good Forex trading name.
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