Company Overview
FXLinked is owned and operated by FXLINK GLOBAL LTD, which is registered in the Marshall Islands. The Marshall Islands is a known offshore tax haven with lax financial regulations. This means that there is very little oversight of FXLinked’s activities, and traders are at risk of fraud.Does FXLinked Have Any License?
FXLinked claims to be licensed and regulated by the United States National Futures Association (NFA). However, a check of the NFA’s website shows that FXLinked is not a registered broker. This means that FXLinked is operating illegally in the United States and is not subject to NFA oversight.Is FXLinked Regulated By Any Authority?
FXLinked claims to be regulated by the Financial Services Authority of Saint Vincent and the Grenadines (FSA SVG). However, the FSA SVG is a notoriously weak regulator and has been criticized for failing to protect investors.
Pros and Cons
Pros:
- Wide range of trading instruments
- Competitive conditions
- Low minimum deposit
Cons:
- Not regulated by any reputable financial authorities
- Numerous complaints from traders about fraud and withdrawal problems
- Offshore location
How Does FXLinked Reach To Their Prey?
FXLinked typically reaches out to potential clients through cold calling, email marketing, and social media advertising. The company’s marketing materials often make false or misleading claims about its services and profitability potential.
Technical Details
FXLinked offers its clients the MT5 trading platform. MT5 is a popular trading platform, but it is important to note that FXLinked is not a licensed MT5 broker. This means that traders may not have access to all of the features and benefits of MT5.
Minimum Deposit:
FXLinked requires a minimum deposit of $50 to open a live account. This is a relatively low minimum deposit, but it is important to note that there is a high risk of losing your money when trading with an unregulated broker.
Trading Platform:
FXLinked offers its clients the MT5 trading platform. MT5 is a popular trading platform that offers a wide range of features, including technical analysis tools, automated trading, and risk management tools. However, it is important to note that FXLinked is not a licensed MT5 broker. This means that traders may not have access to all of the features and benefits of MT5.
Spread:
They offer variable spreads on their trading instruments. The spreads are generally competitive, but they can be higher during periods of high market volatility.
Leverages:
FXLinked offers its clients leverage of up to 1:1000. This is a very high level of leverage and is not suitable for beginners or inexperienced traders.
Packages and Products They Offer
FXLinked offers a variety of trading accounts, including Standard, ECN, and VIP accounts. The company also offers a number of trading products, including forex, CFDs on indices, commodities, and cryptocurrencies.
Withdrawal and Deposit Method
FXLinked offers a variety of deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets. However, there have been numerous complaints from traders about withdrawal problems.
What Do Their Previous Traders Say?
There are a number of negative reviews of FXLinked online. Many traders have complained about fraud, withdrawal problems, and poor customer service.
Summing Up- Why Should Not You Trust FXLinked
There are a number of reasons why you should not trust FXLinked:
- FXLinked is not regulated by any reputable financial authorities.
- There are numerous complaints from traders about fraud and withdrawal problems.
- FXLinked is located in an offshore tax haven.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have been scammed by FXLinked, there are a few things you can do:
- Report the scam to your local financial regulator.
- Contact a lawyer to discuss your legal options.
- Contact a recovery service that specializes in helping victims of forex scams.
File A Complaint Against Scam Broker's
Final Thoughts
FXLinked is a scam broker that should be avoided at all costs. There are numerous reputable forex brokers available, so there is no need to risk your money with FXLinked.
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