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Fake FXCM -

Score

1.50 /10
Danger

Fake FXCM

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.fuhuiyazhou-fx.com/en/

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Comparison

Quantity 17

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.92

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FXCM

Company Abbreviation

Fake FXCM

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-05-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

17 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

Scam

The scammer induced me to deposit CNY380,000 throughFake FXCMAPP. After that, they said I ordered at a wrong time and I lost all my money.

BINGYUELIANG
2021-09-12 13:35
Unable to Withdraw

I applied for withdrawal on Fake FXCM, and I haven’t received money after half a month.

I have made countless customer service calls and still can't solve the issue. I asked to withdraw money half a month ago, but it still hasn't been successful, and the customer service can't give me a clear time, just keep dragging on.

Kyle Loh
2021-09-11 01:16
Others

Fake FXCM platform

He said he wanted to take me to make money. When I wanted to withdraw money, he said that he had to pay tax. Later, he said that I had to make up USDT for the exchange rate difference. After making up, he said that it would be credited to my bank account within 15 minutes. Then, he said that my account was frequently withdrawn and I had to pay risk control margin, the finance department will transfer the Taiwan dollar to my bank card

baby5828
2022-09-06 15:32
Unable to Withdraw

Unable to withdraw and induce fraud

Someone made a fake webpage in the name of FXCM to induce orders, saying that the transaction is too frequent, the account is locked. The deposit is required to unlock the account, and the deposit is required to withdraw money. There are transfers from different people and is suspected of money laundering and ask for margin again. Simple name and password invitation code from website registration to withdraw and so on! This is the website of /fubondex.club before, I can't login in frequently and then, it is said that it is updated, and the frequency is very high!

FX2230156514
2022-02-06 22:56
Fake FXCM · Company summary

Risk Warning: This Fake FXCM is posing as a legit one by using the name of legit FXCM. It has been verified that this broker currently has no valid regulatory. Please be aware of the risk.

basic-info

General Information

This Fake FXCM was registered in the United Kingdome, and it was not established long, with an operating time of 2-5 years. This fake FXCM boasts that it provides four trading accounts to choose, its minimum deposit requirement, however, is as high as $2,000.

Please note this fake FXCM is posing as a legit one try to defraud investors. It has been verified that this broker currently has no valid regulation. please be aware of the risk.

Account Types

This Fake FXCM provides four trading accounts, namely Standard, Plus, Pro and ECN accounts. The minimum deposit for each account is quite high, with the Standard account from $2,000, the Plus account from $5,000, the Pro account from $30,000, the ECN account from $100,000.

account-types

Obviously, as un illegal forex broker, what Fake FXCM wants to do is extracting all available money from investors pockets.

Leverage

Fake FXCM allows its clients to use leverage of up to 1:1000, higher than the levels regarded appropriate by many regulators. This is a typical tactic employed by scammers trying to attract more investors.

Leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Trading Platform

What this fake FXCM provides is not the industry-leading MT4 or MT5 trading platform.

Customer Support

Fake FXCM offers extremely poor customer support, as there is no contact information left for clients with trading-related problems to get in touch with them.

Negative Reviews

The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam.

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Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

User Reviews

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User comment

3

Comments

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A啊东北
more than one year
I traded on FXCM for a while and then got into trouble. I found out that the broker on this platform is not a real FXCM, but a fake broker. The platform's website has been shut down and I can't log in to the platform or get my funds back. I am very disappointed and hope that others will learn from my experience and double-check and confirm the authenticity and reliability of trading platforms and brokers.
I traded on FXCM for a while and then got into trouble. I found out that the broker on this platform is not a real FXCM, but a fake broker. The platform's website has been shut down and I can't log in to the platform or get my funds back. I am very disappointed and hope that others will learn from my experience and double-check and confirm the authenticity and reliability of trading platforms and brokers.
Translate to English
2023-03-22 13:39
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FX1277122546
more than one year
This company is not only a clone company, but also requires a minimum of 2,000 US dollars to open an account. This amount is too high! In this way, once the liar succeeds, he can earn at least two thousand dollars.
This company is not only a clone company, but also requires a minimum of 2,000 US dollars to open an account. This amount is too high! In this way, once the liar succeeds, he can earn at least two thousand dollars.
Translate to English
2023-02-28 14:24
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17