FXDEAL ONLINE Review

FXDEAL ONLINE

Investors Alert FXDEAL ONLINE – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) Registration of issuance, offer, or sale of securities/derivatives, and reporting requirements.

Introduction to FXDEAL ONLINE:

FXDEAL ONLINE claims to be a leading online trading platform that offers access to various financial markets, such as forex, stocks, commodities, indices, and cryptocurrencies. The company also claims to have a financial institution license from the UK and to provide excellent customer service and trader’s reviews. However, these claims are false and misleading, as FXDEAL ONLINE is a scam that has been operating illegally and defrauding investors.

Products and Services offered by FXDEAL ONLINE:

FXDEAL ONLINE offers a web-based trading platform that requires a minimum deposit of $250 to start trading. The platform features various trading tools, such as charts, indicators, signals, and news. The company also offers a mobile app that allows traders to access the platform from anywhere. However, these products and services are unreliable and deceptive, as FXDEAL ONLINE manipulates the prices and execution of the trades, making it impossible for traders to withdraw their funds or make profits.

Financial institution & regulatory license of FXDEAL ONLINE:

FXDEAL ONLINE claims to be registered and regulated by the Financial Conduct Authority (FCA) in the UK. The FCA has issued a warning against FXDEAL ONLINE, stating that the company is not authorized to provide financial services in the UK and that it is involved in fraudulent or manipulative practices. The FCA also advises investors to avoid dealing with FXDEAL ONLINE and to report any contact from the company.

Trader’s Reviews and Customer Service of FXDEAL ONLINE:

FXDEAL ONLINE boasts of having positive trader’s reviews and testimonials on its website and social media accounts. The company also claims to have a dedicated customer service team that is available 24/7 via phone, email, or live chat. However, these reviews and testimonials are fake and fabricated, as they are written by paid actors or bots. The customer service team is also unresponsive and rude, as they only pressure traders to deposit more money or ignore their requests for withdrawals or complaints.

How do online trading scams operate:

Online trading scams are schemes that lure investors into depositing money into unregulated and fraudulent platforms that promise high returns and low risks. These platforms use various tactics to deceive investors, such as fake websites, fake registration numbers, fake reviews, fake news, fake signals, fake bonuses, etc. Once investors deposit their money, the scammers either manipulate the trades or refuse to process the withdrawals, making it impossible for investors to recover their funds. Some scammers may also ask for more personal or financial information from investors, such as bank details or identity documents, in order to steal their identity or money.

How to Safeguard Against Fraudulent Brokers:

To safeguard against fraudulent brokers, investors should always do their research before investing in any online trading platform. They should check the following:

– The registration and regulation status of the platform. Investors should verify if the platform is authorized by a reputable regulatory body, such as the FCA in the UK, the SEC in the US, or ASIC in Australia. They should also check if the platform has a valid registration number and address.

– The reputation and reviews of the platform. Investors should look for independent and unbiased reviews and testimonials from other traders who have used the platform. They should also avoid platforms that have negative reviews or complaints.

– The terms and conditions of the platform. Investors should read carefully the terms and conditions of the platform before signing up or depositing any money. They should look for any hidden fees, charges, clauses, or limitations that may affect their trading experience or rights.

– The security and privacy of the platform. Investors should ensure that the platform uses encryption and protection measures to safeguard their personal and financial information. They should also avoid platforms that ask for unnecessary or excessive information or documents.

Conclusion:

FXDEAL ONLINE is a scam that has been warned by the FCA for engaging in fraudulent or manipulative practices and violating securities laws. Investors should avoid dealing with this platform and report any contact from it. Investors should also be careful when choosing an online trading platform and follow the tips above to safeguard against fraudulent brokers.

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