FXCoinClub Review: Fxcoinclub.com Dreadful Forex Scam

FXCoinClub (Fxcoinclub.com) is a cruel Crypto Currency and Forex broker scam committing some serious offence. FX Coin Club is purporting to offer Crypto traders a chance to trade in the future. FXCoin Club is claiming to have a devoted team of experts who will attend to your needs. Are these claims true? Most members are crying foul after signing up. Read this full and honest FXCOINCLUB review for more details.

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FXCoinClub Review

After receiving quiet a number of email complaints from members, we knew something was amiss. Why would over thirty members be complaining of the same issue? Most members are ruing signing up after their withdrawal requests went unheard. Anna Mani is one member who deposited $10,000 hoping to earn extra income with this trader. After making some losses, she decided to cut her losses and withdraw the remainder. Up until now, her account has been blocked with no access to her balance.

Professional scam brokers know how to entice unsuspecting investors into signing up. By using empty claims and promises, scammers lure investors to sign up. FXCoinClub is no different as they promise high returns in a short period. These scam artists also clone websites to make it appear they are truly legitimate. Why do investors fall for these scams in the first place? Thanks to our years of trading experience, we know how to spot scams from afar. Get ready as our investigation has revealed some shocking details regarding FX Coin Club.

About FXCoinClub

According to information we gathered, this platform is owned by Digitley Markets Limited. They claim to be located in the UK which is far from the truth. Scam artists will do or say anything to make their platforms appear to be EU-Based. After checking with the registrar of companies, this company is not registered. Investors are opening an account with an unknown third party. For all we know, these could be offshore brokers trying to rip off European investors.

There’s no information about the founding members of this platform. Banner screams this is a platform created by a team of dedicated experts. Why have they failed to mention the actual names of people running this show? They are afraid of the backlash facing them from authorities and victims. Stay away from these scam artists who don’t reveal their actual identities. Any anonymous online investment platform should be ignored. FXCoinClub is an anonymous broker with no actual representation.

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Is FXCoinClub licensed or registered?

If this broker is based in the U.K, they would be licensed by the FCA. Sadly, there’s no information on their website to support any valid license. We reached out to the FCA and search results came out empty. It means investors are funding an unknown entity with their hard earned money. Other regulatory bodies we reached out include ASIC, COSNOB, CySEC, FSA, and FCA. None of these international regulatory bodies has ever licensed FX Coin Club. Stay away from illicit brokers as recovering any lost funds is next to impossible.

A real broker will post copies of their license to prove authenticity and transparency. FXCoinClub is nowhere near regulation standards. By failing to post their credentials, they prove to be an illegal broker. FX Coin Club is an unauthorized broker who is conducting Forex trading services immediately. These are offshore brokers who are simply trying to feign authenticity. Their entire website lacks any details to show they have been dully licensed. Make sure to stay away from this broker.

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Disadvantages of FXCoinClub

Accounts Offered

FXCoinClub is furnishing users with three different account types. To understand why their accounts are not user-friendly, you need to look at their features. Minimum deposit required to start trading starts at $500. With the most basic of accounts, these scams artists are asking for a hefty depository requirement. Industry set minimum depository requirement starts at $250 which this broker clearly ignores. These three accounts are named Basic, Gold, and Platinum. Don’t open any account with these fraudsters.

Another unsettling issue we found with this broker is last two accounts have similar advantages. Why would a broker deposit over $25,000 and get same trading advantages as one who deposits $5,000. These personal account managers will call you when they need you to deposit more funds. When you ask for withdrawals, these account managers will go under and block your calls.

Deposit and withdrawal

Depositing funds with this broker is easy and fast. Depository channels are available everywhere making this broker target all investors. Some of the accounts funding options include MasterCard and Visa. Main issue with this broker is blocking access to withdrawals. Why would they refuse members to withdraw their funds? Anna is not the only one; most members have seen their accounts closed with balances of over $1,000. Only professional online scam artists can be this cruel. Stay away from this crooked platform.

Unproven Platform

To try and find out how their platform works, we decided to download it. And this is where we encountered a few problems. Download took forever and set up process stalled at 45%. This means we are dealing with an unstable platform. Another perturbing issue with their platform is lack of proper security features. Their platform lacks DDoS and SSL encryption which is crucial for a safe trading experience.

Hackers will easily target FXCoinClub and steal credit card information. Make sure to stay protected by using proven and stable platforms.

Are funds safe with FXCoinClub?

How can funds be safe from a broker who uses fake credentials? Why have they failed to notify users where they bank funds deposited by members? These are some of the violations this broker is conducting. Ensure you sign up with brokers who are transparent with their handling of funds. Did you know users are depositing funds straight to owner’s bank account? These are telling signs FXCoinClub is a scam.

Another problem we spotted was segregation of accounts. Pooling of funds in one account is risky and against set regulations and rules. FXCoinClub is merging assets in one account which could prove lethal when bankruptcy occurs.

Is FXCoinClub a Scam?

Evidence clearly shows we are dealing with a total scam outfit. Stay away from this broker as they are a certified scam. From lack of proper license to refusing to grant withdrawals, this is another scam.

Bottom line

Adding this broker to our scam blacklist will help protect our readers. Mark all their emails as Spam and never click on any links sent by this broker.

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Wishing you all the best in your Forex trading endeavors.