FXP360 is another quite mystic broker that doesn’t reveal much about itself. Even though it might look like they are newbies to the business based on the registration date, they are not.
Someone who doesn’t know where to look would be deceived by its website presentation. Yet, an in-depth analysis reveals a shocking truth about this broker. Read our FXP360 review carefully to find all irregularities about this broker.
FXP360 regulation is one of the crucial factors to avoid this fraudulent broker. Firstly, the broker didn’t reveal their headquarters country. Therefore, it’s hard to believe that any institution authorized them to provide Forex and CFD trading services. But we did take a look at the most trusted Tier 1 regulators.
Not only that they don’t comply with ESMA (European Securities and Markets Authority) rules but also with any Tier 1 regulator. We checked the database of ASIC, BaFIN, Finma, FCA (Financial Conduct Authority), CNMV, CONSOB and CySEC. It’s a long procedure, but worth the time. Because we get a confirmation that broker FXP360 is nothing but a scam.
Broker with no license and shady platform already losing trust. Besides FCA has already issued a warning against this broker. On top of that, the broker is completely mystic about its trading conditions.
This fraudulent trading company is designed for a single purpose. That is to extract from traders as much as possible and vanish. Moreover, you can’t find any relevant legal information on their poorly designed website.
Therefore, their main priorities are rich countries. With this in mind, it’s not surprising that this broker is mainly scamming traders from:
We can see that FXP360 reviews are nothing promising. Even though there are only a few of them on Trustpilot, it’s enough to get confirmation about this investment scam.
Many traders got scammed with automated system false advertisements. But in the end, everyone claims the same thing. That it’s all fake.
Some scam brokers at least pretend to be legitimate by offering trusted software. However, FXP360 broker doesn’t offer any third-party trading platform. Such as MT4, MT5 or cTrader.
Their web-based trading platform covers only basic trading features. It doesn’t have a designated app for download. The only way to run the platform is through the browser. Generally speaking, this is dangerous because such platforms are often manipulated. Instead, better look for a Tier 1 regulated broker where your profits are safe.
There are many ways how these scam brokers lure their clients. Some traders were hooked by fraudulent marketing campaigns.
The broker allegedly offers an automated system for trading. Once you leave your personal information you are harassed by their agents every day. Until you change the number or deposit the money.
Available trading instruments are divided into 7 groups:
In general, licensed brokers earn money through spreads and commissions. Even though an overnight rollover. But that’s not the case with the FXP360 scam broker.
Their only goal is to get the biggest deposit possible from their traders. Simply because the money goes straight to their scamming pockets. Therefore, spreads from 0.4 pips and unknown fees are irrelevant here.
The only advantage that this broker offers through account types is higher leverage. With this non-licensed broker that doesn’t have negative balance protection, it is extremely risky. You can get into debt in a blink of an eye.
The FXP360 trading scam requires insanely high deposits with practically nothing in return. Your options are:
Even though the broker mentions the advantages of the FXP360 demo account, that doesn’t mean they have it. In fact, they don’t.
The only way of getting access to the platform is through registration and FXP360 login. Which leaves you vulnerable and available for numerous calls.
Many withdrawal issues are usually related to malicious bonus conditions. Thus, this broker doesn’t reveal any on their website. Because the FXP360 regulation doesn’t exist.
However, it’s not excluded that the FXP360 bonus is offered as a scamming tactic. So, watch out for those tricks, because they are scam broker and they can violate any terms and conditions.
FXP360 withdrawals are a complete nightmare. In the reviews, we could find a lot of critics amid withdrawal issues. The only accepted payment methods are:
Even if you want to use a debit/credit card you are redirected to a third-party crypto exchange. This is quite suspicious. Generally speaking, scammers often use cryptos to remain anonymous. Therefore, you should avoid sending cryptos to an anonymous FXP360 scam broker.
Sadly, you are not the only victim of FXP360 scam. Many traders filed a complaint against this broker. If you had withdrawal issues with the FXP360 broker, let us know. Only with information gathered from traders who were scammed, we can collectively fight against these scams. As well you can report any other scam trading company to our team.
Since the FXP360 scam broker offers crypto payments it’s important to know about Cipher Trace. It is software that can analyze crypto transactions and find the final destination of the funds. Luckily, our specialized fund recovery team has access to it and can help you already today.
If this broker stole your money, get in touch today. An even faster option to book your free consultation is through our Online chat. Give us a chance to help you.
This broker doesn’t have the necessary licenses to provide trading services anywhere. But if you already deposited let us guide you on what to do.
No. The broker only has available live trading accounts with shamelessly high minimum deposit requirements.
No. To get access on the mobile device you must use a web browser.
No. Their web-based platform doesn’t offer any advanced trading tools or reliability in any way.
This broker doesn’t have the necessary licenses to provide trading services anywhere. But if you already deposited let us guide you on what to do.
No. The broker only has available live trading accounts with shamelessly high minimum deposit requirements.
No. To get access on the mobile device you must use a web browser.
No. Their web-based platform doesn’t offer any advanced trading tools or reliability in any way.
The post FXP360 Review – Dark Side Of This Anonymous Fraud Broker appeared first on Global Fraud Protection.
