Forex frauds are a reality, but you don’t have to fall for the scams | is a BIG SCAMM WITH FAKE REGISTRATION. (FXCL) Markets Ltd. is compensated by the spread. Leverage may increase gains or losses.
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!!!!!!

Many new investors do not do their research, and end up becoming the victim of a Forex Investing Scam. There are hundreds of investing scams that happen on a daily basis, and most people are totally clueless. Offer a minimum trading volume of 0.1 lot and a leverage up to 2,000 times, with a minimum investment of $11. Offer a minimum trading volume of 0.01 lot, and a leverage of up to 30 times for your risk control, which is suitable for experienced customers who are already familiar with the operations. My mother got recently scammed by forex scammers and then got scammed again by the “specialists” that promised to get her money back. By default it is not a scam, but there are several scam brokers out there hunting for your money. By going long on one currency, you have to select the pair you are shorting against it.

  • Therefore, brokers tend to work on unnecessary buy or sell or influence traders to trade to earn commission from trading.
  • Unrealistic Numbers– become a millionaire in 1 month or make 2000% return in 3 weeks.
  • Nevertheless, the goal for all the regulators is to ensure the safety of the trader.
  • By going long on one currency, you have to select the pair you are shorting against it.
  • We’ve also included examples below of actual Forex scams that have operated or are currently operating from these locations.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Traditionally, many trading systems have been quite costly, up to $5,000 or more. No trader should pay more than a few hundred dollars for a proper system today. Be especially careful of system sellers who offer programs at exorbitant prices justified by a guarantee of phenomenal results. Instead, look for legitimate sellers whose systems have been properly tested to potentially earn income. A persistent scam, old and new, presents itself in some types of forex-developed trading systems. These scammers tout their system’s ability to generate automatic trades that, even while you sleep, earn vast wealth. Today, the new terminology is “robot” because the process is fully automated with computers.

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If the company does not have any of these regulations it is most definitely a scam. As sophisticated as it may seem, not being regulated is a definite sign of a Forex trading scam. This scam has quieted down over the last 10 years, but be careful of any offshore retail brokers that are not regulated by the CFTC, NFA, or their nation of origin. These tendencies still exist, and it’s quite easy for firms to pack up and disappear with the money when confronted with actions. But the majority of violators have historically been United States-based companies, not the offshore ones. An old point-spread forex scam was based on computer manipulation of bid-ask spreads.
How to Spot a Forex Scam
However, this kind of scam is largely available in the Philippines, but some offshore brokers may also run these scams. As with all investments, forex trading comes with a risk. If the individual offering to manage your money is downplaying the likelihood of you losing it, or promising significant returns, alarm bells should be ringing. Members are then incentivized to recruit more people by receiving tiered commissions. With these companies, the emphasis is less on trading and more on recruiting new members. The fact of the matter is that you don’t have to join a business or even pay a membership fee to trade in the forex market. This means currencies are bought and sold through a network of banks and trading can take place 24 hours a day. 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. Vladimir Ribakov ( is a trading name of Vladimir Ribakov (, a Education Services Company.

Already Stuck With a Bad Broker?

First you should learn the basics of trading and online investments. You can do this by following the financial news and blogs, reading books, or even attending online courses at Udemy or Coursera. Meanwhile, you can already open a demo account at one of the brokers and start practicing. When you feel confident enough, you can open your real account and start trading with real money. Please stay away from this company as much as possible. I have Been trading with them for 5 years and I can say I lost a lot with them.

There are made by cash-hungry people looking to steal your hard-earned money. Now, everything seems OK with broker however “ProfitF team” will keep monitoring this broker and update this review if any changes take place. “I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing money stealers in the meantime.” “The fundamental law of investing is the uncertainty of the future.” “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” “Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.”

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

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