FXglobalfinance Review: FXglobalfinance.coma Blacklisted Forex Scam

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FXglobalfinance Review: FXglobalfinance.coma Blacklisted Forex Scam

FXglobalfinance is dealing with CFD, shares, commodities, forex, and indices. The investment company claims that it is a global venture accepting traders from all over the world. Sadly, this is an offshore entity that is not worth your trust.

The broker is also costly; the minimum amount that you can deposit is $2500. Unfortunately, they do not have a demo account. Therefore, you cannot familiarize yourself with their website. Invest with legit forex brokers that are genuine.

The FXglobalfinance registration process is straightforward. Investors do not need to download anything. They offer a web-based trading platform. The platform does not have an MT4 platform, which is a significant drawdown. Traders used to this interface will not settle with this entity.

The company speaks positively about their services and features. However, there is not much to see once you visit their platform. The first discouraging thing is that the company is blacklisted. Their trading conditions are also mysterious.

Their leverage and spread are not explained. In their account, we could grasp that their spread ranges from 1 to 1.5 pips. The leverage is also too high that what regulatory bodies recommend. The platform has a leverage cap of 1:1000. Review

FXglobalfinance was established in December 2019, and the domain will expire in the same month the year 2020. The company will not be in the market for a long duration. The red flags and the warning issued against them prove they are a scam.

The venture brags of adequate advantages and professional experts. Unfortunately, the company that is behind FXglobalfinance is not disclosed. Additionally, the team they brag about does not exist. The firm is only trying to win over clients.

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The company has inadequate traffic coming into their website. Therefore, it shows that traders are not interested in their services. If this platform were legit, then everybody would be investing with them.

Stay away from the lucrative offers that they make because the entity will never fulfill their promises. The firm state that they are dealing with the popular currencies pairs in the market. We cannot verify their trading activities. Additionally, the venture does not have trading results.

If you give them your hard-earned money, you will never get it back. The company is only after meeting their needs. They have no intention of creating a conducive trading environment. Additionally, they are not reputable, creating even more suspicion.

FXglobalfinance Withdrawal and Deposit

FXglobalfinance is allegedly accepting funds via BTC, wire transfer, and credit cards. However, when you are trying to sign up, you will see that they do not get the stated methods. The company has multiple broken links.

However, the features that we have seen with this entity show that the entity is not legit. Therefore, you will not be able to cash out once you deposit funds with them. The entity is also charging a fixed fee of $25 upon every withdrawal.

The least amount of funds that you can cash out is $100.  FXglobalfinance allegedly does not charge any hidden fees or commission. Sadly, it is hard to take this entity seriously with the loopholes we have highlighted.

Investors should have the liberty of cashing out any amount they please. The platform starts charging investors an inactivity fee if they haven’t traded for a period of six months. The company nonetheless fails to disclose the amount that it charges.

Contact Details

FXglobalfinance is a discrete investment venture that nobody knows their area of operation. They do not indicate their office address. Additionally, the entity does not have a telephone number. There is no method that you can use to contact them.

The company does not care about its customers. Their email address link is broken. Therefore, it is very hard to reach this entity. This entity is a scam that will lose all your money. Their website is also shady, and you should not put your hopes up with this venture.

A legit investment firm will be straightforward with contact details. They also avail responsive customer support that you can reach anytime. Invest wisely and avoid losing money to these con artists.

FXglobalfinance Regulation and Registration

FXglobalfinance states that it is regulated by the authority to run their business. Unfortunately, this is not true. The entity is still new in the market. The company does not have a license displayed on their website.

The company is anonymous and untrustworthy. They, however, claim to be regulated by CONSOB, which turns to be another lie. The Italian watchdog has issued a warning against this entity. Therefore, this turns them into a straight scam.

The platform should be put down to stop them from defrauding more innocent investors. The strict regulatory measures that financial watchdog put in place are to help investors to trade securely.

They ensure you will be compensated in case of any unforeseen outcome. Additionally, customers’ funds are segregated into a different account. Therefore, the founders cannot use money for their selfish desires. It is essential that you stick to a licensed investment platform.

Is FXglobalfinance Legit or a Scam?

The trading company has proven to be a scam. They have a low trust score, and the entity lacks a trading history. Since the platform made its first digital footprint, they do not have feedback from their clients.

It leaves us wondering who the individuals that have given them a try are. Multiple questions go unanswered. You might come across adverts promoting this entity. You will hear all sorts of praises being showed to this entity.

However, there is no proof to ascertain the information is true. The platform is being operated anonymously. Therefore, investors will never know the people that are handling their money. We have reasons to believe this platform is not performing investment services.

What is even worse is the fact that a financial body has blacklisted FXglobalfinance. Therefore, their legitimacy is in question. It should serve as a warning to anyone tempted to give them the benefit of the doubt.

You should not share your personal information with this company. They are likely to use it against you. The company is a scam. They will share your info with shady marketers. You will start receiving calls from them, convincing you to invest with them.

Unfortunately, when you heed to their demands, they will cut you off once you deposit money. FXglobalfinance is asking for much money from their customers. There are better companies that require a minimum deposit of $250. The red flags never end with this entity.

Final Verdict

FXglobalfinance is a nasty scam that has managed to scam several clients with their irresistible offers. However, the company is not legit, and they do not have a license from a regulatory body.

Trading with this platform will lead to futile results. We do not recommend this venture to the public. The best that you can do is look for better brokers in the industry. This Ponzi scheme will soon exit the market leaving its customers high and dry.

Invest with reliable forex brokers that have been serving investors professionally. You will also earn a reasonable amount of funds. Additionally, you have the assurance that the venture will be in the industry in the future.

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