FXI Brokers Review – How safe is to invest here?
After conducting some research on investing forums and social media platforms, we learned that many people had negative experiences with FXI Brokers and left conflicting opinions about it. You should examine it before making an investment because it appears that FXI Brokers is an unreliable investment company. Read a complete FXI Brokers review, and you’ll see that not all things are as good as they appear. We’re going to expose a scammer.
Address: Saint Vincent and the Grenadines
Warning: Not Recommended By Review Website Like Scam Helpers
An offshore broker named FXI Brokers has a website that is badly designed and contains virtually little information about its trading conditions. It attempts to market itself as a legitimate Australian financial services provider, but fact-checking shows that this is untrue.
Overall, avoiding FXI Brokers is the wisest move you can do. However, if you are still unsure or have already made an investment, please read the following FXI Brokers review as it may help you avoid major problems.
FXI Brokers is registered as a foreign shelter for fraud
The website is run by Trading Services LLC, a corporation registered in Saint Vincent and the Grenadines, according to the footer of the FXI Brokers webpage (SVG). The SVG is an offshore region that has earned a bad reputation for attracting mostly shady brokers. And there is a good reason for it, of course: setting up a brokerage business is simple and inexpensive; there are no prerequisites; and no financial body is in charge of monitoring businesses’ operations.
Although SVG does have a financial regulator, the Financial Services Authority (FSA), it has made it clear that it neither licenses nor oversees the operations of forex or other types of brokers.
On the other hand, brokers who are properly regulated must meet certain standards for financial stability, openness, and the safety of their clients. Additionally, they have undergone and continue to undergo rigorous examinations and routine inspections by the relevant agencies. Retail traders can thus rest assured that everything is done legally and that their money is safe.
Falsely claiming to be licensed in Australia, FXI Brokers
FXI Brokers claims to be licensed by the Australian Securities and Investments Commission and uses the name of another company, ACCE Australia Pty Ltd, in the “Company” section of its website (ASIC).
When we looked for the license in the online registration, we found that it was no longer valid. But most significantly, we don’t think FXI Brokers is connected to that business. Unfortunately, ASIC’s registration does not list any permitted domain names for licensed entities, but our investigation revealed that ACCE Australia Pty Ltd does business as Mine Digital.
Therefore, there is a decent likelihood that FXI Brokers is operating a scam known as “firm cloning,” in which the corporation attempts to pass itself off as a real organization with which it has no affiliation.
You have a deposit with FXI Brokers, but you’re not sure what to do
You must be wondering how to get your money out of the scammers’ hands if you have deposited with FXI Brokers. You’ll need to find another way to get your money back since we don’t anticipate the broker to be handling withdrawal requests.
Keep in mind that your possibilities for getting a refund in such circumstances will largely rely on how you paid the broker your deposit. Fortunately, it appears that FXI Brokers accepts credit cards, so you might be able to recoup your losses.
If you’ve been a victim of investment fraud, ask for a chargeback as soon as you can. VISA and MasterCard credit cards let you do this up to 540 days after the date of the deposit.
The unreliable trading platform of FXI Brokers
After we signed up with FXI Brokers, they gave us a web trader that looked like it was put together quickly and isn’t reliable at all. Here’s a preview of it:
Better use a reputable broker that provides cutting-edge trading platforms like MetaTrader4 and MetaTrader5.
Scammed by FXI Brokers? Scam Helpers can help
Also, if you are a victim of the FXI Brokers scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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