FxTradingMarkets Review Fxtradingmarkets.com is a Binary Scam {BEWARE}

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Contents

FxTradingMarkets Review: Fxtradingmarkets.com is a Binary Scam

Fxtradingmarkets.com Review: Scam or Legit Binary and CFD trading? Read our reviews to see what experts have to say about FxTradingMarkets Trade.

This website promises to grow your money. Is Fxtradingmarkets.com a trading platform or another scam in the block? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams.

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In this review, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

What Is Fxtradingmarkets- Should You Trust This Trading Platform?

According to the information on their home page, they are the world’s leading trading technology platform. They claim to offer fast, responsive, and secure trading services to anyone who signs up. With promise of customers recovering their capital in just a minute. Our readers have sent us countless messages about fxtradingmarkets.com, and as a result of this we decided to do an indepth investigation on FXTradingMarketsTrading.

Fxtradingmarkets.com Scam Review: Disturbing Things Found

Though this site might appear legit to a newbie, the truth is that it is not worth the hype, it is designed in such a way to convince unsuspecting investors. It takes the format of other scam platforms called investlead and TheGreenFx that duped a lot of investors few months ago. When we went underground to find out those behind this platform, we couldn’t come up with anything tangible.

Why spend your time on dubious platforms like this when there are other legitimate and sustainable ways of making money?

Five Reasons Why Fxtradingmarkets.com is The New Scam Around The Block

  1. According to what is written on their platform, FXTradingMarkets Limited is the company which owns this platform. However, when we did a background check, we discovered there is no company registered under this name in the UK.
  2. They are quite an anonymous lots. No one knows the names of the brokers who claim to be associated with this platform. Also, there are a lot of complaints from customers. No member has come out with evidence of ever withdrawing funds with this platform.
  3. They are not licensed. This means there is no regulatory body acting as a watchdog over their activities. Thus, with this liberty, they can do whatever they like with your funds.
  4. This platform lacks security- Without DDoS and SSL Encryption, the platform is highly unstable. Unstable platforms attract hackers who want to steal personal information.
  5. They lack a functioning live chat support team. With today’s technology, you would expect the platform to offer live chat support.

Is fxtradingmarkets.com Scam or Legitimate Trading?

Though they provide a registration certificate, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries like the USA are not in actual sense located there.

However, Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. Often times they might run an ads through the google ads academy or even get a youtube ads making them look legit. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

The truth is that, fxtradingmarkets.com is simply a well disguised scam. Why waste your time with them when we have trusted brokers that would swiftly reply your mails, and be there to guide you through trading.

fxtradingmarkets.com is an Untrustworthy Forex Platform

How To Know Investments Scam Formats

It is true that most of this high yield investment platforms look like the real deal, thus confusing us.However, there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

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  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform?

Conclusion-

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. .On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

FxTradingMarkets Review: Fxtradingmarkets.com is a Binary Scam BEWARE

You have come across tons of stories about people who have earned huge returns by putting their money in different financial markets. Stocks, forex and cryptocurrencies have all helped people change their life and you want to enjoy the same perks. The good thing is that it is incredibly easy for anyone to enter the trading world, but there are some cautionary measures that you have to remember. One of them is selecting a broker to begin your journey with. This is one decision that you should make after putting in a great deal of thought because it can have serious consequences for you.

The broker offers you the trading platform, affects how much profits you make and the various instruments you can trade. But, there are also those that are ready to take advantage by charging you high fees and entrap you. You need to be wary of such brokers, such as FxTradingMarkets. It claims itself to be the leading trading technology platform in the world, which offers binary options. But, the most notable thing about this broker is that it claims to be licensed by the British government, which is a really tall claim. Obviously, when you are considering a broker, you would think about what benefits it can offer.

The trouble is that the broker doesn’t really provide much information for you to understand its perks and the information it does give is not accurate. This lack of information indicates that FxTradingMarkets may not be reliable. What are the problems associated with this broker? Some of them are mentioned below:

  • False claims about regulation

When it comes to ensuring the security of your funds, regulation plays a vital role. Any broker that’s regulated properly by well-known organizations and regulators, such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) or the Australian Securities and Exchange Commission (ASIC) have to follow some strict rules and regulations. These include maintaining minimum operational capital, filing regular reports, undergoing external audits and keeping their clients’ capital in segregated accounts for protection from creditors.

In addition, regulated brokers also participate in investor compensation funds as insurance, which gives you peace of mind that you will get your money back if the broker goes bankrupt. Now, taking a close look at FxTradingMarkets, you will discover that the broker is owned and operated by a company called FxTradingMarkets Limited and they have provided a contact address in the UK. The broker has also claimed to be regulated in the United Kingdom, stating that the British government has personally issued their license. This is clearly inaccurate because binary options brokers are not licensed by them.

Instead, the financial market, which include all CFD and forex brokers, are regulated by the Financial Conduct Authority (FCA). But, if you check their registers, you will not find a trace of FxTradingMarkets anywhere. This proves that it is an unregulated website, which is just out to scam people.

  • There are no terms and conditions mentioned

Also referred to as the Client Agreement, the Terms and Conditions of a broker is a key legal document for defining contractual relations between a trader and the broker. But, if you go over the website of FxTradingMarkets, you will notice that such a document cannot be found anywhere. This means that if you sign up with the broker and open up an account with them, you will be agreeing to terms that haven’t been outlined.

  • No details about payment methods

Most of the brokers that are operating in the market accept payment methods, such as credit cards like Visa and MasterCard, different e-wallets like Skrill and Neteller and bank wire transfer. Skrill boasts an anti-scam policy, which dictates that it only partners with regulated brokers. The fact that FxTradingMarkets hasn’t mentioned any of these methods shows that the broker is not transparent about their offerings and could mislead people.

  • There is no option of demo account

Another problem with FxTradingMarkets is that they don’t offer potential customers the option of opening a demo account. This is an issue because it means you cannot see what kind of spreads they offer and what other trading conditions exist. Since there are no terms and conditions, the demo account could make a big difference and yet it is nowhere to be found.

  • No information about the minimum deposit requirement

There is one more piece of information that’s missing on the broker’s website and that’s the minimum deposit requirement that traders need to fulfill. Most brokers have set this at $250, but FxTradingMarkets has not disclosed what requirement needs to be deposited, which adds another cloud of uncertainty.

  • No support for MetaTrader4

As there is no demo account available, you cannot see what trading platform that FxTradingMarkets is offering to its traders. However, one thing is clear that a binary options platform cannot do the same job as a real trading platform because you cannot run algorithmic trading sessions or trade CFDs. These are some of the things that you can do if you have the MetaTrader4 trading platform and it comes with a variety of tools and indicators. There is not much information available about the kind of trading platform you will find when you open an account with FxTradingMarkets and this is another risk you have to take.

Conclusion

All of these flaws with the broker clearly point towards one thing; you shouldn’t trust FxTradingMarkets because it is a scam that is ready to trap anyone naïve enough to sign up with them. Their website is virtually anonymous even though they have made some false claims on their website. You should always double check the information provided by a broker and it is best not to choose a broker that’s unregulated by a reliable entity. If you do so, your finances will be at risk and you will always remain uncertain about what will happen if the broker goes bankrupt. If you don’t want to increase your losses, don’t sign up with FxTradingMarkets.

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Trading binary options may not be suitable for everyone and may also not be legal in your jurisdiction,make sure you are aware of the risks involved as there could be total loss of capital. Don’t trade with money you cannot afford to lose. Binary Options is prohibited by the ESMA. BestBinaryOptionsWatch.com cannot be held liable for any damage resulting from use of information on this website. The FTC Required Affiliate Disclosure: BestBinaryOptionsWatch.com is a professional review site that is independently owned and as such, opinions expressed here are our own. We receive compensation from companies whose products we review. However our professionals test each products thoroughly and recommend the best.

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