FX Trading Corp Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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I didn’t trade with FX trading Corp.for a long time. More accurately, I would not choose this broker if I were given the second choice. This is my realest feeling. This broker sucks, constantly offering me wrong trading signals, as well as unstable trading platform, huge spreads. This broker is a piece of ****!
In this comprehensive review of FX Trading Corp, we delve into the broker's overall reputation, user experiences, and expert opinions. The findings indicate a predominantly negative sentiment surrounding the broker, with numerous red flags pointing to potential scams and a lack of regulatory oversight. Key concerns include the absence of a functioning website, questionable investment promises, and user complaints about withdrawal issues.
Note: Its important to consider that FX Trading Corp operates across different jurisdictions, which may affect user experiences and regulatory scrutiny. This review aims to provide a balanced perspective based on available information to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 2 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 2 |
| Trustworthiness | 1 |
| User Experience | 2 |
How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data regarding the broker's operations and offerings.
Founded in 2018, FX Trading Corp is a forex and cryptocurrency broker that claims to operate with innovative trading software. The broker's platform is web-based, with no specific mention of standard trading platforms like MT4 or MT5. FX Trading Corp primarily focuses on cryptocurrency trading, including popular assets like Bitcoin and Ethereum. However, it lacks any regulatory oversight from recognized financial authorities, raising significant concerns about its credibility and safety for investors.
FX Trading Corp operates without regulation, which is a significant red flag for potential investors. The absence of regulatory oversight means that users have little to no protection against fraud or mismanagement of funds. Multiple sources, including WikiFX, indicate that the broker does not have a valid regulatory license, heightening the risk for users.
The broker reportedly accepts a minimum deposit of $100, which is relatively low compared to other brokers. However, many reviews highlight issues with withdrawals, with users claiming they encountered excessive fees and delays. According to Valforex, users have reported being unable to access their funds, raising alarms about the broker's legitimacy.
FX Trading Corp promotes various investment packages, with claims of daily returns of 2.5% and promises of up to 400% returns on investments. Such promises are often indicative of a Ponzi scheme, as noted by several reviews. Experts warn that these types of high-return claims are unrealistic and should be treated with skepticism.
The main focus of FX Trading Corp appears to be on cryptocurrencies, with limited information available regarding other asset classes. The lack of diversification in trading options may not appeal to all investors, especially those looking for a broader trading experience.
There is little transparency regarding spreads, commissions, or any hidden fees associated with trading on the FX Trading Corp platform. Users have raised concerns about unexpected costs and the lack of clarity in the broker's fee structure. This lack of transparency is a common theme across various reviews, further contributing to the broker's negative reputation.
The leverage offered by FX Trading Corp is not specified in the available reviews, which is another point of concern. Many reputable brokers provide clear information about leverage options, allowing traders to make informed decisions.
FX Trading Corp utilizes a web-based platform, but there is no mention of compatibility with popular trading software such as MT4 or MT5. This limitation can hinder the trading experience, especially for seasoned traders who prefer advanced tools and features.
While the broker claims to operate in multiple countries, the lack of regulatory oversight raises questions about its legitimacy in various jurisdictions. Investors should exercise caution, particularly if they are in regions with strict financial regulations.
Customer support is reportedly available in English, with communication primarily through email. However, the absence of live chat support and the slow response times noted by users may lead to frustration when seeking assistance.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 2 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 2 |
| Trustworthiness | 1 |
| User Experience | 2 |
In conclusion, the overall sentiment surrounding FX Trading Corp is overwhelmingly negative, with multiple sources indicating potential scams and a lack of regulatory oversight. Investors are strongly advised to proceed with caution and consider more reputable alternatives for their trading needs. Always conduct thorough research and consult reliable sources before engaging with any broker, particularly those with dubious reputations like FX Trading Corp.
