FxWorldTrade is a forex and CFD broker that claims to offer a wide range of trading products and services. However, there are a number of red flags that suggest that FxWorldTrade is a scam broker.
FxWorldTrade is a company registered in the USA. However, the company does not have a license to operate in any major financial jurisdiction. This is a major red flag, as it means that FxWorldTrade is not subject to any regulatory oversight.
Does FxWorldTrade Have Any License?
No, FxWorldTrade does not have any license to operate in any major financial jurisdiction. This is a major red flag, as it means that FxWorldTrade is not subject to any regulatory oversight.
Is FxWorldTrade Regulated By Any Authority?
No, FxWorldTrade is not regulated by any authority. This is another major red flag, as it means that there is no one to protect investors from FxWorldTrade’s fraudulent activities.
FxWorldTrade Pros and Cons
- The minimum deposit is low.
- The trading platform is user-friendly.
- The spreads are competitive.
- The broker is not regulated.
- There are no customer reviews available.
- The withdrawal process is slow and complicated.
How Does FxWorldTrade Reach To Their Prey?
FxWorldTrade uses a variety of methods to reach its victims. They may contact potential victims through cold calling, email marketing, or social media. They often pose as legitimate brokers in order to gain the trust of their victims.
The minimum deposit for FxWorldTrade is $250.
FxWorldTrade uses the MetaTrader 4 trading platform. This is a popular platform that is used by many forex brokers.
The spreads offered by FxWorldTrade are competitive. The average spread for EUR/USD is 1 pip.
FxWorldTrade offers leverage up to 1:500. This means that you can control a position worth $5000 with a deposit of $100.
Packages and Products They Offer
FxWorldTrade offers a variety of trading products, including forex, CFDs, and indices. They also offer a variety of trading accounts, including a demo account and a live account.
Withdrawal and Deposit Method
FxWorldTrade offers a variety of withdrawal and deposit methods, including credit cards, debit cards, and wire transfers. The withdrawal process is slow and complicated.
What Do Their Previous Traders Say?
There are no customer reviews available for FxWorldTrade. This is a major red flag, as it suggests that the broker is not transparent about its activities.
Summing Up- Why Should Not You Trust FxWorldTrade
There are a number of reasons why you should not trust FxWorldTrade. First, the broker is not regulated by any authority. Second, there are no customer reviews available. Third, the withdrawal process is slow and complicated. Fourth, the broker has been accused of being a scam.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with FxWorldTrade, you can contact a financial recovery service. These services can help you to get your money back.
File A Complaint Against Scam Broker's
FxWorldTrade is a scam broker. Do not trust them with your money. If you have lost money with FxWorldTrade, you should contact a financial recovery service.
We provide free consultation calls and recovery service recommendations to help in recovering the lost funds.
If you have any questions or concerns, please feel free to contact us. We will be happy to help you.
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