FowFX Pro Review: Fowfxpro.com a Filthy Forex Scam
FowFX Pro is a company that claims to offer investors the best Forex trading experience in the market. The platform entices traders with online training, daily live webinars, video materials, and other educational tools.
Fowfxpro.com assures traders that their funds are safe in their platform. Unfortunately, they do not have any banking information on their site.
The company claims that they offer an MT5 platform for its users. The company does not create confidence with their traders. Seems like, they are not transparent in their bidding, and you will lose money if you engage with Fowfxpro.com.
The company offers users a 0.7 pips spreads; they state that their trade executions are speedy, and it only takes 0.1 seconds.
The platform brags of having over 60 trading instruments that their traders can utilize; sadly, they do not offer any detailed information.
The fraudulent company states that they are an MT5 award-winning site that focuses on offering its clients' continuous education and training.
The shady platform welcomes both newbies and expert traders to use their platform. The MT5 of this company come along with expert advisory, management tools, and indicators. The MT5 is compatible with various gadgets.
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Fowfxpro.com Review
The Forex trading platform is a scam company that we can't recommend to investors. You have to sign up to acquire a demo account.
However, potential investors have not received a confirmation email. We cannot verify if Fowfxpro.com has this feature available.
The minimum amount that you can deposit in FowFX Pro is $100. The safety of your funds should be your major priority. Therefore, depositing any amount in an unregulated and anonymous platform would be an unwise decision.
The Fowfxpro.com is another shady company that has a lot of loopholes; the business model that they are using is not transparent.
FowFX Pro assure investors that they will boost their trading experience by offering online resources and teaching tools. You have to go through their learning course for them to understand which category you fall under based on skills.
The platform accepts funds via; Neteller, Bank Wire, FasaPay, Debit/debit cards, Nagan Luong, Skrill, and China UnionPay.
The company does not disclose the minimum amount that you can withdraw from their system and how long it takes to complete the process. Hence, you should only invest with legit Forex platform in the market.
The company invites regional brokers to be part of their family and promote digital trading in new areas. They offer a commission to any person that is willing to help grow their community.
FowFX Pro Customer Support and Regulation
FowFX Pro brags of having unbeatable customer support services in the market. The company offers support services via their telephone number; +44 0000000000 and via email; Support@fowfxpro.com.
The phone number of this platform is fake, and if they cannot be transparent with such information, we don't know what else they are faking.
You should be able to reach the support anytime you have any queries, with emails, but it will be hard to get an instant reply.
The company claims to be a registered company in Seychelles under number 21213224BC. Unfortunately, FowFX Pro is an offshore platform that you should not trust with your funds.
The company is operating anonymously, and illegally since they do not have a license from any financial watchdogs. Nonetheless, the registration number they have displayed on their site is to confuse traders, and it doesn't mean much.
FowFX Pro does not provide any information about who is handling investors' money; there is no assurance that investors' money is safe apart from the words of these scammers.
As a trader, you will be subjected to numerous risks, and your info is not secure. The company will break the law since they are operating anonymously and cannot be tracked down.
Moreover, the platform does not have clients' agreement or terms and condition documents that can seal the investment.
They might have additional hidden charges, or change terms as they please without informing you. Due to this, stick to regulated companies as they are more secure and will have investors' best interest.
Fowfxpro.com Investment Plan
FowFX Pro has three investment plans that they offer to their investors. The rewards that they promise users should raise suspicion as no legit platform in the market is offering anything close to this pyramid scheme.
The basic account offers users leverage of 1:400. The amount that you can deposit in this plan range from $100 up to $1,000. It has a 2.5 pips spread, no commission.
The economic account offers leverage from 1:200. It spread from 1.7 pips, and the amount that you can deposit is from $500-$5,000.
The classic account has 0.9 spread pips, and you can deposit money from $10,000+. The plan has a leverage of 1:100. The company markets itself as a company offering a high level of funds safety.
The FowFX spread is not very lucrative; you will invest a lot of money and still get a minimum spread. Moreover, the company offers 1.5 pips for $1000, while competitors are offering pips that are much favorable to their clients.
They state that they offer traders a chance to trade at lower costs. However, there are legit companies in the market that are offering even minimum costs than FowFX.
The Domain Insight
We were able to gather critical information from Whois.com and Alexa.com. The platform's official domain name is Fowfxpro.com. It was registered in January 2020 and will expire on January 2021.
The company's Alexa ranking is at 938,891, and the majority of their traffic comes from Pakistan. Unfortunately, there is no information regarding who is the owner of this site.
FowFX Pro Final Verdict
FowFX Pro is a company that promotes itself as a low margin and narrows spreads in the Forex industry. They state that they offer their clients vast training opportunities. The platform is a pyramid scheme that you should stay away from.
Additionally, the pyramid scheme assures traders that they will have 24 by 5 multilingual support, which is ready to assist. You should only deposit your funds in a legit Forex trading company that will help you realize your goals.