Fxmarketpundit Review: FXmarketPundit.com is a Scam you Must Avoid

FXmarketPundit is a company dealing with Binary and forex trading. The claim to be leading in the market. The spreads provided are tight, and users can enjoy fast trading speed. Moreover, the system allows users to use automatic trading options. The firm guarantees exceptional services to both experts and novices. 

They further claim to have over 1000 trading assets. The venture holds the hands of its clients until they are successful. They will support you depending on your financial needs. 

Before investing, there are things you need to check. For instance, you must deal with a reputable company. The market has thousands of brokers. All of them claim to be the best. Unfortunately, it is only a few that provide audited trading results. There can only be a few authentic schemes. 

The problem is there are numerous scammers. They pretend to be transparent and genuine. However, their only intention is to steal from naive investors. FXmarketPundit is an offshore company. The scheme is not observing the set rules. They can violate the laws whenever they please. 

FXmarketPundit.com Review

Binary options trading is considered risky. Various authorities do not allow investment schemes to trade commodities. Investors need to predict whether the product price will increase or decrease. It becomes worse when dealing with scammers. Even if you make the correct prediction, the fraudsters will still have their way. 

Another worrying factor is we are unaware of the individuals behind FXmarketPundit. Genuine platforms have nothing to hide. They will provide all the necessary information without malice. The qualification of the team will be availed. You have the right to know the people handling your cash. The financial bodies also mandate brokers to be transparent. 

The company is also dealing with risky products. The prices of forex, commodities, and CFDs keep changing. Therefore, a venture needs a sound risk management policy to help them survive the volatile market. Sadly, FXmarketPundit does not disclose the mechanism in use. Instead, the firm advertises alluring trading conditions. 

Invest with the best forex trading companies in the market. These are fully regulated ventures. Their trading conditions and withdrawal process is authentic. They also put the needs of their customers first. 

Trading Conditions of FXMarketPundit

FXmarketPundit offers leverage of 1:1000. The limit is above what various financial bodies limit. The venture has premium services for eligible customers. The broker is one of those shady schemes that will subject investors to unrealistic conditions. You will need to pay more to enjoy premium services. 

The scheme claims it has award-winning educational resources. They provide both fundamental and technical analysis training. You can also learn from experienced traders. Once you visit the website, you will see the latest withdrawal and deposit. It makes it seem as though the entity has many users. 

However, the statistics are misleading. This is another way to make more people join them. Provide download links to the MT4 and MT5. Unfortunately, you cannot use the software. FXmarketPundit has taken the links from the developer company. They haven’t configured the interface.

The offshore platform cannot afford the software. The MetaTrader interface allows investors to access various markets. They can also trade at ease, enjoying competitive returns. If indeed the scheme is regulated by the FCA, it would be offering leverage of 1:30.

The entity is also offering bonuses to clients. The financial bodies do not permit such lucrative opportunities. This is due to the unfavorable trading conditions clients have to meet. 

Additionally, FXmarketPundit does not specify the bonuses policy. The entity is most likely not going to process the withdrawal request of clients. The Payout for the Binary Options is 40%. On average, schemes offer a payout of 80%. Investors are not lucky with this outrageous scheme. 

FXMarketPundit.com Withdrawal and Deposits 

FXmarketPundit does not have various trading accounts. Therefore, we do not know the minimum amount clients can deposit. The scheme insinuates it accepts funds via bank methods. 

It turns out this is another fat lie. The listed options include; cryptocurrencies, PayPal, Neteller, Bank transfer, Skrill, and Credit cards. However, if you select any other options apart from BTC, you will receive a notification that the method is not locally available. 

FXmarketPundit tries to retain the money deposited on its website. Moreover, clients will not be able to identify the recipient of funds. Investors should expect fees from the scheme. Unfortunately, the entity does not specify the actual amount. You should not trust a discrete venture with your safety. 

Customer Support and Contact Details

FXmarketPundit states it works with multilingual support. They have a phone number and an email address. However, the address is fake. Scammers have no intention of maintaining contact with their victims. Unless you are willing to throw more money their way, they will cut you off the moment you start suspecting them. 

Regulatory Status of FXMarketPundit

Ironically, FXmarketPundit urges investors to deal with brokers that protect funds in segregated accounts. They claim to be adhering to the FCA and the ASIC regulatory agencies. These are the financial bodies of the United Kingdom and Australia. None of the agencies recognize the scheme. 

FXmarketPundit International LTD is the alleged parent company of the organization. Fund safety is a luxury not to expect from a malicious entity.  The broker lacks a trading history. They can also disappear from the market without notice. Your safety should be your top priority when trading online. 

The offshore venture does not report its daily transactional reports to the financial watchdogs. They can therefore manipulate the price. You can never be certain with a suspicious broker. They will only end up frustrating you. 

FXmarketPundit is capable of changing the terms and conditions. They will not see the need to inform their customers. The surprise will hit clients when they request a withdrawal. If there is any dispute, nobody will provide help to users. 

There are many advantages for those that deal with licensed brokers. For instance, if an entity faces bankruptcy, investors will receive compensation. The trading conditions protect clients from severe losses. You will also enjoy peace of mind knowing competent individuals handle your money. 

Clients’ Reviews of FXMarketPundit.com

FXmarketPundit has testimonials from their clients. It appears others introduced those that have worked with the broker. They praise the company for being the best. Additionally, based on the firm’s success, many have attained financial freedom in acute financial crises. 

The reviews are too good to be true. There is not one of them that is dissatisfied with the services. We decided to check for the images on the internet. That is when we realized the broker was using stock images. 

Therefore, you should not consider whatever is displayed on the website. FXmarketPundit endorses itself. On notable third-party websites, there is no feedback from traders. The traffic visiting the platform is also wanting. Be wary of this murky business as they will do anything to get hold of your money. 

Final Verdict 

FXmarketPundit is an exposed scam. Those that join the broker with the hope of generating passive income are in for a rude shock. The entity is not worth your time. They are not licensed, and nobody knows their actual area of operation. 

Invest with legit forex trading companies. These are companies dedicated to the well-being of investors. They are genuine and have a trading history. Your safety should come first.

No, the scheme exposes traders to severe risks.

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?