WikiFX Scam Alert: FCA Warns Against FxguaranteeOptions!!!!

Investors who are still trading forex at FxguaranteeOptions had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

To make things straight from the very beginning, on our next screenshot you may check the recent warning on August 30th issued against FxguaranteeOptions (www.fxguaranteeoptions.com) by the Financial Conduct Authority (FCA) in the UK. Take a look (source: https://www.fca.org.uk/news/warnings/fxguaranteeoptions):

FCA believes that FxguaranteeOptions may be providing financial services or products in the UK without its authorization. FxguaranteeOptions is not authorized by FCA and is targeting people in the UK. Clients will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong!

WikiFX also paid a visit to the brokers official website to learn more. FxguaranteeOptions claims to be a regulated forex broker and “a legal investment company incorporated in the United States”, but this is obviously not the case given the recent warning by the British financial authorities. Take a look as well:

Bear in mind that if “the broker” was truly based in the U.S. it should have also been accepted as a member of the National Futures Association (NFA). And FxGuarantee Options is clearly not regulated there either – WikiFX made the effort and checked the NFA registers but in vain, no company or broker by the name ofFxguaranteeOptions was listed there.

FxguaranteeOptions says to be offering an advanced trading platform, but what we were actually offered after completing our registration can hardly be described in those terms. See for yoruself, some basic chart taken directly from Trading View – an independent, third party, online market data provider – with no option for a trade to be placed, but just to make a deposit.

Since FxguaranteeOptions does not have a trading platform, talking about trading conditions is impossible. Whats more, FxguaranteeOptions also fails to provide any information about spreads (trading costs), leverage (trading risks) and asset classes, which is a red flag as the so-called brokerage apparently hides critical information about its services.

Furthermore, as with virtually all scam websites, your only payment option with FxguaranteeOptions turned out to be crypto coins – namely bitcoin and Ethereum. And that is quite understandable given the fact that a crypto transaction will remain more or less anonymous – you can never tell for sure to whom exactly the bitcoin wallet you are sending your cash actually belongs – but more importantly, it will remain 100% irreversible, which kind of explains why scammers like FxguaranteeOptions prefer that you pay that way. FxguaranteeOptions apparently limit customers options for chargebacks if things go wrong!

Now let's search “FxguaranteeOptions” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/3897809071.html), FxguaranteeOptions currently has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in FxguaranteeOptions. The so-called brokerage is nothing more than an outright scam, which is in the spotlight of a recent investigation by the British financial authorities, who have already blacklisted the website for targeting UK customers without proper authorization.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!