Looking to read FX Corp reviews, you are in the right place. Should you trade with fxcorpltd.com? Read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is FX Corp?
FX Corp FX otherwise known as fxcorpltd.com is an offshore brokerage operated by FX Corp Group with a lot of promises for forex traders. The forex company claims incorporation in Samoa.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Is fxcorpltd.com a Scam Broker?
First of, fxcorpltd.com claims to be based in Samoa, but did not provide a contact address. As a matter of fact, the only contact information the broker provided was an e-mail. Needless to say, dealing with a broker that chose to remain fully anonymous is not a great decision.
Considering that there are no further legal or registration details, FX Corp cannot be considered as anything else but a scam and an unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly putting your funds at a risk of scam.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
FX Corp Minimum Deposit for Traders
The broker FX Corp has specified $1 for a start. That is pretty tempting and cheap.
In contrast, there are many legitimate brokers with spelt out regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
FX Corp only accepts deposits made in the cryptocurrency Tether.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
FX Corp Provides What Trading Software?
FX Corp openly claims it offers trading software called FX6. Out of pride, the broker says “the world’s most popular trading platform”. In order to clear the dust, we tried to download the desktop version, we ran into a problem. We were only able to download some sort of file that displayed the broker’s homepage.
Needless to say, we were not offered access to any sort of functional software we could use for trading which is fairly problematic.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
With that said, nothing is said about FX Corp leverage. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
FX Corp Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
It is not far from believing that Fxcorpltd.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
FX Corp located at fxcorpltd.com appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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