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FXokami Review: FXokami.com Unprofitable Broker

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FXokami Review: FXokami.com Unprofitable Broker

FXokami is trading various products while advertising enticing trading conditions. The entity claims it has a faster and easier-to-use interface. Additionally, it offers wide spreads and low commissions to customers.

FXokami Review, FXokami Company

The company affirms it is regulated in an offshore region. The registration process will take 5 minutes for your account to be approved. The entity requires customers to upload proof of identity and address documents. Then fund the account to begin trading.

Avoid sharing critical information with anonymous companies. FXokami can use the data to manipulate customers to deposit more cash. Some of the offshore platforms sell their customers’ information to criminals. You will face prosecution for something you are not liable for.

There is no demo account for investors to familiarise themselves with the trading activity of the website. The entity is a legendary trading Forex, CFDs, Metals, Indices, and cryptos. These products are profitable and have great opportunities for investors.

However, the market is volatile, and you must understand the risk involved in trading. Additionally, do not blindly believe our venture’s claims without thorough research. Multiple scammers will waste your time only to leave you high and dry.

FXokami.com Review

FXokami fails to showcase what makes them stand out from other brokers in the market. The least the company could do is to provide past trading results. Having a track record will shed light on what to expect. FXokami.com has been in the industry since November 2017.

It doesn’t make sense why the firm would choose to remain anonymous. There is also a lack of trading activities proof. We cannot guarantee you will be dealing with professionals. Often legitimate platforms will provide all the necessary information to win customers’ trust.

The traffic visiting FXokami is limited. We could also not find customer reviews on the platform. The only thing the firm has is testimonials. Never rely only on the information available on the company’s website. Some scammers will use false information to win you over. 

Here are some of the best forex trading companies. These platforms have excellent reputation in the industry. You will enjoy better trading conditions while improving your trading skills. The ventures also handle the withdrawal process in time.

FXokami Trading Conditions 

The entity is offering a 1:500 leverage on major currency pairs. The venture is offering a MetaTrader interface. This is one of the superior software in the market. It allows customers to place trades automatically. It also has excellent trading tools. You can customize scripts or EAs. 

The VPS keeps track of your orders even when your computer is off. The most attractive feature is customers can access multiple markets under one roof. The majority of investors adore the MetaTrader. Nonetheless, it would help if you were cautious, as many scammers have upped their scamming game. They acquire advanced trading platforms to act like legitimate ventures.

FXokami.com Review, FXokami.com Features

FXokami leverage is beyond what regulatory bodies approve. The USA and Canadian watchdogs allow brokers to offer a cap of 1:50 while the UK and Australia have 1:30. The higher the cap, the higher the leverage, and the more the risks. You must prove to be a professional trader to get high leverage. 

The spread range from 0.4 pips to 0.5 pips. There is a commission of $2 per lot. The broker being unreliable, we recommend looking for a better company. You will end up not receiving a penny from the scheme. 

Withdrawal and Deposit 

FXokami accepts funds via Visa, Tether, Bank Wire, and Local Bank Transfers. You can open an account with $100. Any amount to fund an account will be lost. We are yet to see a scammer that has refunded their victims. 

The withdrawal process takes 3 days. The venture guarantees it does not charge withdrawal and deposit. Other withdrawal conditions are not available. However, we recommend approaching offshore firms with caution. Most of these companies are run by con artists. They entice customers only to come up with hidden charges when you least expect them. 

Contact Details and Customer Reviews

Customer support is available via live chat and by email. The office address indicates the platform is operating from Vanuatu. We do not know the quality of customer support to expect. 

Brokers will often cut you off once you run out of funds. Your phone call will go answered. Fraudsters go the extra mile of blacklisting your phone number. It is only genuine companies that care about their customer’s experience. 

They will hire professional support. Whenever you have a query, you can reach the support with ease. The venture has several testimonials on the website. However, the information is too good to be true. The statements are only endorsing the company. There is not even a single negative review. 

The information is opaque and untrustworthy. We recommend looking for customer feedback on third-party websites. Additionally, scammers have no way of compromising the reviews. 

FXokami Regulatory Status

FXokami claims it is fully regulated to operate in every corner of the world. The website would be painted with several licenses if the company’s correct claims. Unfortunately, this is an illegitimate venture. Nobody oversees the operation of the scheme. 

The venture state has a license from Cyprus Security Exchange Commission (CySEC) and Financial Conduct Authority (FCA). The watchdogs are reputable in the industry. They protect traders from dealing with fraudsters. The FCA has blacklisted FXokami. The platform is using the information from a legit scheme. 

If you visit the FCA website, you will notice the contact details do not match what FXokami has displayed. You will be dealing with a clone when you register with the scheme. There is no negative account balance protection. Therefore, you can lose more money than what you initially deposited. 

FXokami is an offshore platform. Nobody knows its actual area of operation. The people running the website violate the rules of various jurisdictions. You are better off without the venture. Furthermore, nobody knows whether the entity has the financial capability to run investment activities successfully. 

The regulated brokers must deposit a hefty amount of funds. The money is kept in segregated accounts. Keeping the company account separate from the trader account eliminates any possibility of mismanagement of funds. Additionally, investing with a legit broker gives you peace of mind. Your safety is guaranteed. 

 FXokami Fund Safety 

FXokami will disappear from the market unceremoniously. The authority has already marked the scheme as fraudulent. There is nothing for you on this website. You will also not receive compensation when the venture exits the market. 

Any attempt to go after the con artists will bore no fruits. The fraudsters have done a tremendous job in covering their tracks. Watch out and only deal with transparent brokers. Moreover, clone websites will not help you invest successfully. 

FXokami has no proof of investment activities. The platform has been in the market for enough time to present audited results. This is a dangerous enterprise. The best thing is to look for a legit scheme that offers fund safety. 

Final Verdict 

There are many scammers in the industry. FXokami happens to be one of the untrustworthy brokers. Forget about their enticing sales pitch and focus only on factual information. Furthermore, the entity is a clone company. Operating in only God knows where. They lack professionalism and will use any unethical means to remain relevant.

You must choose a genuine forex trading company in customers’ best interest. Some better brokers will help you gain better investment skills. Furthermore, you can also sleep peacefully knowing you can count on the platform.

 

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