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Score
South Korea
5-10 yearsSuspicious Regulatory License
High potential risk
Influence
Add brokers
Comparison
Quantity 9
Exposure
Score
Regulatory Index0.00
Business Index7.16
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
FXTRADING CORPORATION
Company Abbreviation
FX-TRADING
Platform registered country and region
South Korea
Company website
Company summary
Pyramid scheme complaint
Expose
The website has been disabled. My fund is doomed.
I only received a small portion of the money on November 20th, 22 times less than the deposit. Now my account is disabled. All my emails has been returned. IS it ready to abscond?
The account has been disabled for months. They didn’t reply to my email, but continued to cheat, inducing common person to but their “Currency”.
I can’t find this company for nearly a year. It’s gone, let alone my principal. And I can’t send my letter to them.
Both the website and hard-earned money are missing.
i invested 200 dollars in Bitpay to a certain stephen pair his user name ,they asked me to pay 200 dollars for registration fee,then he told me that it profited 10000 dollars,he asked me to pay 300 dollars for withdrawal fee,after that he asked me again to pay 300 for the reflection fee,why are there so many hidden fees?aren’t he a scammer?
The company is out of operation.I want take back my fund,but they hang up everyday.They may be transferring fund.Why doesn't the company refund the money?
Only a little withdrawal was available until November 20th. The account is disabled! The email was rejected! It seems to abscond!
Note: FX-TRADING's official site - https://www.fxtradingcorp.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
FX-TRADING Review Summary | |
Company Name | FXTRADING CORPORATION |
Registered Country/Region | South Korea |
Regulation | Non-regulated |
Market Instruments | N/A |
Demo Account | N/A |
Leverage | N/A |
Spread | N/A |
Commission | N/A |
Trading Platforms | N/A |
Minimum Deposit | N/A |
Customer Support | Email: support@fxtradingcorp.com; Facebook |
FXTRADING CORPORATION is a cryptocurrency investment platform based in South Korea that alleges to offer high-profit potential to its investors. However, it's important to note that the platform is not regulated by any financial authority and appears to lack transparency and credibility. Its official website is inaccessible, and crucial information regarding its products, services, trading platform, and fees remains undisclosed, leading to strong allegations of fraudulent activity.
Pros | Cons |
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Appealing Potential Profits: FXTRADING CORPORATION appeals to potential investors with the promise of high profits. While this can be tempting, investors must be cautious as substantial profit claims are often associated with high-risk or fraudulent ventures.
Very Likely to be a Scam: The company has been flagged by multiple users for potential fraudulent activity. The inaccessibility of their official website and lack of disclosure of essential company details lend credibility to these scam concerns.
Non-regulated: FXTRADING CORPORATION is not regulated by any recognized financial regulatory authority.
Negative Customer Reviews: The platform has collected multiple negative reviews from its users, indicating potential issues with its offerings and overall operation.
Limited Customer Support: The company offers limited customer support only via email and Facebook. Such limited support channels can be a hindrance for clients seeking immediate assistance or resolutions to issues.
Inaccessible Website: The company's official website is inaccessible. This creates a barrier for users to gain accurate and reliable information about the company's operation, products, and services.
Regulatory Sight: FX-TRADING is not regulated by any recognized financial regulatory authority, which significantly undermines its credibility and security.
User Feedback: Reviews from the customers depict a disturbing pattern of numerous issues, including the inability to access funds, the disappearance of the company's website and funds, unexpected and hidden fees, and extremely limited customer service. The overwhelmingly negative reviews and frequent mentions of scam allegations further underscore the concerns over the legitimacy of FX-TRADING CORPORATION.
Security Measures: So far we haven't found any information about the security measures for this broker.
It offers high-profit potential, claiming to provide 1% - 2.5% of daily passive income for 200 days with an investment of at least $100. Total projected returns, including profit and capital, are as high as 400%. However, a withdrawal fee of 5% is charged. Given these figures, it's critically important for potential investors to understand the substantial risk that comes with high-return investments and the company's lack of regulatory oversight.
FX-TRADING, a South Korean cryptocurrency investment platform, presents a highly risky and non-transparent trading environment due to its unregulated status, lack of information, and inaccessible website. The company's offering of high-return investment plans should be approached with significant caution. We do not recommend users to trade on this platform.
Q: Is FX-TRADING regulated?
A: No, FX-TRADING is not regulated by any recognized financial regulatory authority.
Q: What are FX-TRADING's investment plans?
A: FX-TRADING claims to provide 1%-2.5% daily passive income for 200 days with a minimum investment of $100.
Q: Are there any significant risks associated with FX-TRADING?
A: Yes, FX-TRADING is unregulated, has numerous negative reviews, and lacks transparency in its operations, all of which present substantial risks.
Q: Is FX-TRADING a good choice or not?
A: FX-TRADING is not a good choice for traders due to the high risks involved, the inaccessible website, non-regulated status, and negative user reviews.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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