(FXCL) Markets Ltd. – Forex SCAMM Company! Be carefull!
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.

Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Base information about Forex SCAM company:

Real adress in Philipines and company name is:

Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
639776459387 / 639155292409

Lea Jean Belleza
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines

James Tulabot
Team Leader

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines

Virgilito Dada
Account Manager

Elton Danao
Sale Manager
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

The key to remember here is that the trades that are placed are not increasing your account value. When you’re looking to trade forex, it’s important to identify broker FXCL s who are reliable and viable, and to avoid the ones that are not. In order to sort out the strong broker FXCL s from the weak and the reputable ones from those with shady dealings, we must go through a series of steps before depositing a large amount of capital with a broker FXCL . Cory is an expert on stock, forex and futures price action trading strategies. This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks. Usually, an attractive marketing message or sales manager offers you the phantom, or unverified results, of their Forex fund. They want your investment, and all you need to do is to wait for returns.

Unfortunately, Forex Trading Scams are notorious for posting fake reviews about their operation. LiveFXTrader is a good example of a Mauritius based Forex scam. One of the primary ways that Forex scams avoid being prosecuted is by registering their companies in a locale that doesn’t mind turning their heads to illegal or unethical activity. These locations tend to be small countries where corruption exists and government officials are able to be “persuaded” in the form of monetary compensation to allow scam companies to operate. The broker FXCL came off as though he or she was their friend, showing interest in their personal life, their family etc. When it came to the part of the call for the broker FXCL to make their ask. The conversation always continued longer than was comfortable and it always led to the broker FXCL convincing the victim to deposit money, even after the victim stated that they had no more money to deposit. The broker FXCL had no regard or simply didn’t believe the victim and kept insisting that the victim “came up with” more money to deposit. Unfortunately this sign is often only apparent once you’ve already deposited your funds. The broker FXCL s always reacted negatively to any mention of withdrawing money.

How can Nigerian Traders avoid forex scams?

“From a competition perspective, you can understand that if they are colluding to manipulate the exchange rate, they are driving the price up or down,” she says. “There are only a handful of big market players, these are the banks that set the prices for the rand–the big banks. In relation to other markets, the popularity of FX in Africa is relatively new. The first retail forex CFD on the continent opened its doors in 2017 in Sandton, dubbed the richest square mile in Africa. Currency trading is a vast and technical space, however, many get caught in the seductive web of quick gains. Untangling forex can be daunting but with patience, it can be rewarding.

OurState of the Market ReportandBroker Directory are the result of extensive research on over 100 Forex broker FXCL s. The explicit goal of these resources is to help traders find the best Malaysian Forex broker FXCL s – and steer them away from the worst ones – with the benefit of accurate and up-to-date information. Very few broker FXCL s have a registration page specifically for Islamic accounts, but many broker FXCL s taking clients from predominantly Muslim countries automatically create accounts as Islamic accounts. Riba is central to conventional Forex trading, but according to Islamic law, FOREX SCAM or Shari’ah law, Muslims are banned from earning interest on loans. Some scholars believe that the practice of removing Riba, as broker FXCL s do on their Islamic Forex accounts, legitimises Forex trading under Shariʻah. If a position at Axiory is open overnight, a commission is charged instead of a typical swap. The commissions and holding period are subject to change according to market conditions and when necessary. Forex Malaysia has been Malaysia’s most trusted Forex broker FXCL review site since 2016. Our team has written 100+ broker FXCL reviews and we constantly test to maintain accuracy.

If regulated, how trustworthy is the regulatory body?

Unlike with an exchange where financial assets are traded based on specific rules, regulations, and times of the day. With that said, the answer to the question, “is forex trading legit?” is yes. The only determining factor in the Islamic account is that the trader should be of the Islamic religion. These accounts are offered for all account types regardless of base currency or leverage. The broker FXCL s verify the trader before providing an Islamic account.

  • Traders who chose 24Option note that the service provider contacts their clients daily with the purpose of requesting a higher deposit amount.
  • Hence the broker FXCL s prefer to avoid Crypto trading in Islamic FX trading accounts.
  • If you keep educating in Forex trading, read the news daily, and know how to check a broker FXCL , you are unlikely to become an easy picking.
  • Below is an example of a broker FXCL that does not honor withdrawal requests.
  • These are just a few ways that you can leverage your skills to make money online on the side.

We have some information about owner of (FXCL) SCAM company and its may be resident of USA: Alex Teplitsky