February 8, 2024

FX Notch Trading Reviews Scam Or Genuine Broker? Read Findings

FX Notch Trading Reviews

Don’t trust fxnotchtrading.com broker! Read FX Notch Trading reviews to know about this forex broker and why it is not reliable.

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.

About FX Notch Trading

FX Notch Trading otherwise known as fxnotchtrading.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients. 

What’s more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.

Is fxnotchtrading.com a Scam Forex Broker?

First of, FX Notch Trading openly presents an image attached to the website of a purported license to operate in the United States. It does not name a legal entity, but a brand name – and a different brand name at that, Sky Fx Markets.

In order to clear the suspicions, we checked the relevant regulators’ databases and it turns that there is no licensed broker using these two trade names.

NFC Database
NFC Database

The situation always gets worsen for unlicensed brokers when some institutions issue a warning against them. Another financial authority from The UK’s Financial Conduct Authority (FCA) has blacklisted the broker for public to see.

FCA warning
FCA warning

As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.

These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Won’t you rather trade with a licensed and legit 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, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website

Does FX Notch Trading Have Account Types?

FX Notch Trading offers different trading account for clients. According to the account descriptions, the broker offers a leverage max 1:500.

Account type
Account type

FX Notch Trading offers $500 as its minimum deposit based on the account type. This is a ridiculous start for traders especially, if the broker is not licensed.

Considering safety and regulation, you should better stay with a legitimate broker that clearly spells out its regulation 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 Notch Trading accepts crypto deposits. There are a few reasons why scam brokers prefer to receive payments in crypto. One, transactions are irreversible and untraceable.

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 Notch Trading Withdrawal process And Trading Software

FX Notch Trading withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements  that must be met before a withdrawal.

The broker claims to offer industry trading software MT4 and MT5. Unfortunately, we were not able to access the software.

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.

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.

Argument Against Trading With An Unlicensed and Unregulated Broker ( fxnotchtrading.com)

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.

Having said that, it is not far from believing that fxnotchtrading.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

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

Concluding Thoughts:

FX Notch Trading located at fxnotchtrading.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 forex broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.

Was the post helpful? Please share with us your experience in the comment section below. Thank you!

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