FXCG Review: Is This Forex Broker Safe To Invest?

FXCG is a scam broker. They have a strong track record of red flags and negative reviews, suggesting a high potential for being a scam broker. Before investing a single dollar, proceed with extreme caution and consider the abundance of evidence pointing towards FXCG’s questionable practices.

What is FXCG?

FXCG, formerly known as Kaishi Forex, claims to be a global online forex broker offering access to a variety of financial instruments. They boast competitive spreads, fast execution, and a user-friendly trading platform. However, their legitimacy is shrouded in a thick fog of red flags and customer complaints.

FXCG Details

Deposits and Withdrawals

Numerous customer complaints allege difficulties with withdrawing funds, often citing unforeseen fees, delays, and technical issues. These accusations raise serious concerns about FXCG’s commitment to transparency and fair financial practices.

If you have lost money to companies like Nordic CT, or PNX FINANCE; please report it to us on our Report a Scam form.

Account Types

With this brokerage, the account types are very simple. The differences between commissions and spreads are not that great. Everything else is essentially the same. Regardless, the $50 FXCG minimum deposit applies to each of the following accounts:

• ECN Saber
• ECN Blade
• STP Classic

Red Flags and Warning Signs

First off, Capstone Global Markets LLC is the proprietor of this trading brand, according to the company’s T&Cs. However, Capstone Global Australia PTY LTD is the owner of the license that is mentioned in the ASIC registers. Furthermore, the company asserts that it possesses a CIMA license. The name on file and the actual name don’t match, though.

Furthermore, the business asserts that users in Australia, the United States, the United Kingdom, and the European Union are not the intended recipients of its services.

Customer Complaints and Negative Reviews

A quick online search reveals a disheartening number of negative reviews about FXCG. Common complaints include:

• Inability to withdraw funds: Many customers report being trapped in a cycle of deposits and denied withdrawals, with FXCG citing various excuses and technical difficulties.
• Hidden fees and charges: Deceptive fees and charges are frequently mentioned, eroding any purported benefits of low spreads or minimum deposits.
• Unresponsive customer support: When faced with issues, customers often struggle to get assistance from FXCG’s unresponsive support team.

FXCG Alternative Brokers

Thankfully, there are numerous reputable and regulated forex brokers available. Consider reputable options like Interactive Brokers, eToro, or Fidelity, which offer transparent pricing, reliable platforms, and strong regulatory backing.

Got Scammed by FXCG? We Help Victims!

If you’ve fallen victim to FXCG’s alleged malpractices, you’re not alone. Several organizations and resources can assist you in recovering your lost funds:

• Financial regulators: Depending on your location, you may be able to file a complaint with your local financial regulator.
• Chargeback services: Certain credit card companies offer chargeback services to recover fraudulent transactions.
• Fraud recovery specialists: There are companies specializing in helping victims of online scams recover their losses.

Remember, acting promptly and seeking professional assistance is crucial in maximizing your chances of recovering your funds.

If you have been scammed by this scam broker, you can contact us. You can get a free consultation call and recovery service recommendations to get help in recovering the lost funds. Don’t be late after the scam or You Can report to us today by the form below.