PlatiniumFX Review: Crude Forex Scam

PlatiniumFX Review: Crude Forex Scam

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PlatiniumFX ( is another scary Forex online scam platform to hit the trading world. Platinium FX is claiming to be a global leader in Forex trading which is far from the truth. Investigations reveal that this is another well-designed platform stealing from unsuspecting investors. Evidence points to platiniumfx being another platform which is offshore based and targeting European investors. Read this genuine and honest PLATINIUMFX Review and get the truth.

PlatiniumFX Review

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PlatiniumFX Review

After receiving numerous email complaints from users, we decided to conduct a thorough investigation. Trouble started brewing when users noticed they could not gain access to their funds. Another platform which is refusing to allow withdrawals must be exposed to protect online investors. PlatiniumFX is claiming to have a wealth of experienced brokers by their side; evidence seems to disapprove the notion. Simply put, we are dealing with a well-crafted scam website.

Scam artists have decided to take a step further by cloning websites and fooling newbie investors. PlatiniumFX is no different as they have designed their website to look exactly like a trading website. Whoever signs up with this platform is probably enticed by the moving video on their homepage. The homepage greets visitors with what seems to be brokers engaging in trading activities. Remember, scam artists will do or say anything to entice investors to sign up with their platform.

About PlatiniumFX

PlatiniumFX is purporting to be a leading CFDs and Forex platform offering an advanced and proprietary trading platform. Platinium FX is claiming to be based in Bulgaria but no evidence supports this statement. We searched using the company register in Bulgaria and could not find any company with this name. Another shocking detail with this platform is they seem not to mention actual names. Anonymity is what makes us raise a red flag to warn investors about this platform.

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Without valid names, we are not sure who the actual owner of this platform is. PlatiniumFX is claiming to be the best at what they do, yet they fail to give us actual names. Who are the founding members of this platform? Anonymous online investment platforms tend to shut down as quickly as they popped up. What you need to do is stay away from this platform and ensure you ignore all their calls to sign you up. Any anonymous online trading platform is a scammer’s manual guide.

Is PlatiniumFX licensed or registered?

Another problem with this platform is they have not been licensed or registered anywhere on the planet. We contacted various online trading platforms to try and reach out and see whether the platform is regulated. Some of the bodies we contacted include ASIC, CONSOB, CySEC, FCA, NFA, and SEC. None of these regulatory institutions has ever heard of this platform. It goes without saying that this platform is operating under false pretense. Security of funds is not safe with this illicit platform.

Where is their trading license to prove authenticity to investors? You would expect this platform to have a trading license posted on their website. We checked their website for any information regarding their license details. None was found which means the platform is not regulated. Anyone who deposits funds with this platform is throwing their funds away. Whoever signs up with any online platform without a valid license risks losing their entire deposit. Stay away as recovering funds is next to impossible.

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Advantages of PlatiniumFX

We tried to find any advantage of trading with this platform but there is none to find. How can there be an advantage of trading with a broker who lacks proper license credentials. With a platform which is using a cloned website, investors need to stay away. As a matter of fact, we are convinced the platform will close down after filling their pockets. We hope authorities will catch wind of this platform and shut their whole operation down.

Disadvantages of PlatiniumFX

Account types

PlatiniumFX Account Types

PlatiniumFX is offering investors four account types to choose from. Accounts are listed as Mini, Bronze, Silver, and Gold. What we noticed odd with these accounts is lack of proper information regarding minimum acceptable deposit. Most members we contacted claimed to have deposited different amounts. Deposits vary with an individual but it is clear the broker demands you start with $1,000 and above.

Demo Account

Another shocking issue we found with this platform is offering a rigged demo account. If you look closely at their demo account, investors make over 98% win rates. Remember a demo account uses virtual money which is not real. Scam artists take advantage of this by falsely creating wrong results.

Deposit and withdrawal

No member has come out with proof of ever withdrawing with this platform. Positive comments you see are paid comments meant to solidify that this is a genuine platform. Investors can deposit using Bank transfer, MasterCard, Visa, and others. What this platform fails to inform users is that once you deposit, this is the last you will see your funds. Members are crying foul after having their accounts blocked with excessive balance of over $15,000.

Trading platform

Platinium FX is using a web based platform which they claim is compatible with mobile phones. The trading platform in question is Sirix but we could not verify it’s compatibility with mobile devices. What we noticed with their platform is being unstable and slow when executing trades. Another flaw which we must expose is lack of proper security features with their web based platform. You would expect DDoS Protection and SSL Encryption on their platform, it lacks vital security features.

Are funds safe with PlatiniumFX?

With a platform which is anonymous and lacks a valid trading license, it is clear PlatiniumFX is a scam. Stay away from this platform as they don’t follow industry guidelines such as segregation of accounts. Clearly, users are depositing funds straight to owner’s bank account. Don’t expect any compensation when the platform collapses, they don’t participate in a compensatory scheme.

Is PlatiniumFX a scam?

PlatiniumFX Account Funding/ Customer Support

To stay safe, make sure to mark all their emails as spam and never click on any links. Warn your family and friends from joining any of their affiliate programs before signing up. We are dealing with a professional scam outfit which will stop at nothing. Exposing this platform will ensure investors know what to expect with this broker.

Final thought

We will be ensuring this platform appear on our scam blacklist. Our readers have the right to know what type of a platform PlatiniumFX really is.

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Wishing you a safe and successful trading period.

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