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FXTradingMarkets (Fxtradingmarkets.com) is another crude Binary and CFDs scam stealing from unsuspecting investors. FXTrading Markets is claiming to be the world’s leading trading technology platform. With such kind of promises, investors have signed up without a second thought. Sadly, members of this platform who signed up a while back are crying foul. It turns out FX Trading Markets is not what is seems. Read this detailed FXTRADINGMARKETS Review for more.
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After receiving numerous email complaints from members of this platform, we knew trouble was brewing. What seems to be a legitimate platform is turning out to be another online investment platform. The best way to stay away from such platforms is to read reviews prior to signing up with online websites. A smart investor will make sure to conduct a thorough research before committing themselves. Thanks to our years of trading experience, we will reveal the tricks used by these scam artists.
What FXTradingMarkets is doing is using a cloned website to make it appear genuine. Professional scam artists have been known to perform such tasks in order to lure unsuspecting investors. Notice how well the website is designed? They have copied the design from a real trading platform to fool investors. Only thing that has changed is the logo and they have inserted their name. These are professional scam artists who know what they are doing. Continue reading this review to find out the rest.
According to the details found on their about us page, the platform claims to be based in London. Notice that professional scam artists will do or say anything to make sure their platform appears legit. One way to lure investors is to claim to be based in a safe European trading region. FXTradingMarkets Limited is the company which is claiming to own this platform. From what we can gather, there is no company registered under this name in the UK. The company register can confirm this.
Another shocking feature we noticed with FXTradingMarkets is anonymity. Any anonymous online investment trading platform should be treated with caution. Why have they failed to post any details regarding the names of actual founding members? Can we get the names of people running this show? The reason why such information is hidden from us is that these scam artists don’t want to be noticed. They are afraid of the backlash they would receive from authorities and victims.
The financial regulatory body tasked with registering trading entities in the UK will help with this. A quick search using the official Financial Conduct Authority shows no platform is licensed under this name. Any investor who deposits funds with this platform must know their funds are at risk.
If this platform was actually licensed and registered, they would have posted copies of their license documents. A real trading website will openly show their license certificates for all to see. This is in line with what has been the norm with regulated online trading entities. Posting such crucial information gives investors the confidence to trade with the platform. Lack of these vital documents is proof we are dealing with a bogus platform. Make sure to stay away in order to stay safe.
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We could not come up with any advantage of trading with this bogus platform. How can there be an advantage when complaints are coming from all over the world? The platform must be stopped at once in order to prevent other investors from falling into the scam. FXTrading Markets is taking advantage of newbie traders by promising them over the moon claims. The best option is to stay away from this platform.
A huge problem with FXTradingMarkets is lack of a functioning live chat support team. With today’s technology, you would expect the platform to offer live chat support. Instead, users must send emails to the support team which is unfair. With emails, communication is one way and response is never on time. Phone number listed on the contact page is busy and no one seems to pick it up.
What we noticed odd with their demo account is the high profit results users get when trading with it. What these scam artists have done is ensure the platform makes 98% successful trades. In the real world, this will never happen as the market is volatile and prices change without warning. These scam artists just want to fool investors into believing they can achieve the same results with a live account.
When it comes to account funding, the website does not reveal the channels used. What this means is that the scam artists will wait for you to deposit funds in their personal bank account. Trying to withdraw these funds has been the major problem facing members of this platform. No member has come forward with evidence of ever withdrawing funds with this platform.
FXTradingMarkets is using a web trader as their preferred trading platform. A huge problem we noticed with their platform is lack of proper security features. Without DDoS and SSL Encryption, the platform becomes highly unstable. Unstable platforms attract hackers who want to steal personal information. These are some of the risks investors are facing with this unstable platform. Stay away from it.
How can funds be safe with a platform which does not secure their website? Safety of funds is a problem as segregation of accounts is a huge problem. We strongly believe FXTradingMarkets is pooling funds in one bank account. Stay away from this platform or else become their next victim. FXTradingMarkets is simply another bane online investment trading platform taking its members for a ride.
From what we have gathered, FXTradingMarkets is a scam waiting to pounce on unsuspecting investors. These are some of the websites which authorities must shut down to prevent further damage. Make sure to warn your family and friends from signing up with this platform. Mark all their emails as spam and never click on any links sent by their email marketing team.
We will be adding this platform to our scam blacklist to ensure our readers are aware of the threat.
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Wishing you a happy and safe trading experience
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