How does FOREX.com cheat?

FOREX.com claims British regulation and a high level of reliability. This brokerage firm is distinguished by a huge number of fake reviews located on many sites. At the same time, there are still comments of real clients on independent sites. Today’s article will help you find out the whole truth about the cunning swindler!

Features of an exchange intermediary

At the moment the website of the project is unavailable, however, there is information about trading conditions and brand characteristics in the network. It is known that FOREX.com calls itself an absolute market leader. It offers clients trading in securities, indices, commodities, precious metals and currency pairs. Among its advantages, the office notes its years of experience, protection of client funds, transparent conditions, competitive prices and financial stability. It talks about global recognition, but does not provide any legal documents. All this resembles a standard divorce designed for gullible beginners.
On its web portal, the company described efficient trading on unique platforms. It called itself a reliable partner with a proven reputation. In fact, there are quite a lot of negative reviews about FOREX.com trading activity in the network. Market players note criminal frauds, refusal of payments, poor work of technical support.

What conditions does FOREX.com offer?

The firm provides access to a wide range of financial assets. After registration in the brokerage system, the client can use a demo account. The test account does not provide for replenishment, but allows for real-time transactions. The company offers to withdraw orders through the Metatrader 4 platform. The trader receives extended charts and convenient analysis tools. The terminal is downloaded free of charge to any device.
FOREX.com offers three packages:

• Basic – a tariff plan designed for beginners. It allows you to trade with any instruments from a single account. The representatives of the office promise fast execution of trades and a complete absence of commissions.
• The second account provides an opportunity to use advanced platforms. The trader receives exclusive charts, analytical materials.
• The last package is designed for professionals with large starting capital. The client can make transactions at the best prices, getting excellent liquidity.

The exchange intermediary allows trading with spreads from 0.04 pips and commissions of 1.8 cents per lot. Its web portal provides analytics and an educational center is available. For additional earnings, the client can use the affiliate program.

Deposit and withdrawal of funds

Funds are deposited using a credit or debit card. The market player gets access to bank transfers and several payment services. The entry threshold is 100 American dollars. Withdrawal is made after verification of the account. In the network there are negative comments that talk about the refusal of payouts. A market player should be cautious in cooperation with this project.

Reviews of real traders

The trader had heard about the stock exchange site going downhill. Not long ago, the administration surprised him with a too slow response, which took 6 hours. Brand representatives gave advice on how to drain the starting deposit. After filing a complaint, the staff decided to laconically blow off their client.

Traders talk about the impossibility of making money in the FOREX.com system. The broker does everything to bankrupt its clients. Trading strategies do not work, because the office draws charts. It is engaged in outright fraud. Instead of professionals in the firm work profane. They persuade to replenish the account for a large sum, but do not provide any help.

The exchange intermediary works through a one-day website. Such cheap web portals do not live long. After making a deposit, the market player received intrusive calls. Managers persuaded to invest a large sum, but the client refused. As a consequence: the market player could not enter his personal account, and the staff stopped answering calls.

Is it worth registering in the FOREX.com system?

The firm is engaged in a standardized scam. On several web portals, its employees post fake reviews about the high quality of services. Fraudsters publish standard comments that immediately give away their criminal intentions. Real reviews are negative in nature. Traders can not withdraw money, some of them face account blocking, complete ignoring. A market player should not start cooperation with FOREX.com scammer.