FXG Market Review: a Scam Trading Software

FXG Market Review: a Scam Trading Software

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FXG Market is a company that claims that they outline all the advantages that you can get once you register with them. The platform is allegedly using technology to profit their customers. Its main focus is to build mutual trust between them and their clients.

The entity is performing investment services on various products like CFDs, digital currencies, and Forex. Additionally, the entity proclaims that they have received multiple rewards for being the best in the market.

However, they have not done much in disclosing this information. Therefore, we are wondering which organization has awarded them this title. The company is investing funds in over 1,000 assets. The company is too good to be true, and they are doomed to fail.

The people behind this organization have no intention of making anyone rich. The information which they use on their website is a duplicate of another Ponzi scheme. Everything about the operation is suspicious.

We advise investors to stay away from this entity, or else they lose money. You can invest with legit Forex trading EA that will trade automatically for you. There is no reason to waste time and money with this losing entity.

To become a member of this Ponzi scheme, you only need to follow a few steps. The company allegedly has a trading software, but there is no evidence to verify the claim. They lack credibility, and trusting them will lead to regret.

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We tried analyzing the software of the platform. We could only see the stop-loss option as well as the pending orders of the company. The information sells them off as an untrustworthy entity. Additionally, their chat cannot be customized hence being limited.

FXG Market Review, Platform

They advise investors to stick to the mt4 platform whenever executing trades. We do not know the amount of commission that you are going to get by using this software. You have to deposit an amount of 250 euros to utilize this system.

Clients need to be patient as the withdrawal request is handled within seven days. We believe that isn’t fair, and you should be able to cash out within 24hrs. We do not understand where the delay is coming from.

The people responsible for the activities of FXG Market are anonymous. The company was registered in June 2019 and did not have much traffic coming to their website. The total global rank of is at 7,831,901.

Nonetheless, they view themselves as a reputable financial service institution that is offering multiple assets. They are offering a leverage of 1:10. The firm is an illegal scheme that you should keep off. Without having trading results, you will not know how the firm is performing in the market.

We have enough reason to believe there are no investment services taking place in this company. The scammers are only after stealing investors’ money. They promise clients a spread rate of 2.4 pips, which is a red flag. They are not regulated; hence they can offer any amount of leverage.

Withdrawal and Deposit

There is a high possibility of FXG Market having hidden charges. We realize that the company claims that there are charges that come with using their services. The information is not easily accessible, and the majority of investors might miss the message.

They do not specify the amount of commission that they take from the deposit of funds that investors are making. The firm lacks transparency, and we wonder why they do not make it clear for their customers to understand.

Furthermore, If you have not used your account for six months, the platform will additionally charge you a 5% commission of the total amount in your account. The bonus the company claim to offer its customers needs to meet a certain volume for you to withdraw.

The term and condition of this platform only serve their greedy needs. If you pay attention to the information, they avail you will realize that there is nothing legit about this entity.

Licensing of FXG Market

The company claims to be operating as per the law. However, with these features, it is hard to believe that any regulatory body in the market would authorize them to run their business. FXG Market ought to have a regulatory certificate from CySEC.

Unfortunately, they have not met the requirement that the financial watchdog has in place. On their platform, they do not feature any registration or regulatory documents. The legit investment company will ensure they meet all the requirements that the government has put in place.

It speaks volumes about the nature of the services this platform is offering. You should only invest with a reputable licensed entity in the market.

Contact Detail and Customer Support

We do not know the originality country of the FXG Market. Moreover, CySEC has issued a warning against this company. The organization warns investors to stay away from this scam. The platform is 100% anonymous, as they do not leave any traces behind.

To contact the entity, you will have to fill out a contact form. They also feature a telephone number, which we believe is an act to appear as a transparent company. Those who choose to test the water will end up regretting the outcome.

You are not going to make a profit using this entity. The only thing that you’re going to get is a bad experience. The deposit can be made using a credit or debit card, e-wallet, or bank wire. We, however, advise traders to stay away while they still can.

Safety of Funds

The legit investment platform will ensure that you enjoy the top security and safety of funds. Since FXG Market is not trustworthy, they do not segregate the funds of their customers from that of the founder’s account. There is a high possibility that the fraudster behind this company receives the money directly to his account.

Financial watchdogs ensure investment entities have a compensation scheme. In case anything goes wrong, you are assured you will receive some amount of compensation. The company claims that they share data with their partner.

There is insufficient information, and we don’t know what kind of information they are sharing. The client should demand to know everything that they are exposed to. Without knowing what you are subjected to, you will involve yourself with multiple risks.

FXG Market being a Ponzi scheme that can share your information with unregulated entities. You will then start receiving weird phone calls encouraging you to invest with scammers. We always urge investors not to share data with fraudsters.

Final Verdict

FXG Market promising traders high spread than other investment entities in the market. Moreover, the trading software of this entity raises eyebrows as it does not seem properly designed. If you take time to go through their terms and conditions, you will realize that you’re dealing with a scam.

There are better alternatives in the market that you can utilize. You do not need to waste time with this Ponzi scheme. Ensure you venture with legit Forex trading software. They put your safety first and has no intention of stealing from you, which

The money that you choose to invest with this entity will disappear in thin air. The company state that they are not liable for the experience you encounter in their platform. With such a remark, it will be naive to trust the firm.

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