(FXCL) Markets Ltd. is compensated by the spread. Leverage may increase gains or losses.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.

Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Base information about Forex SCAM company:

Real adress in Philipines and company name is:

Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
639776459387 / 639155292409

Lea Jean Belleza
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines

James Tulabot
Team Leader

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines

Virgilito Dada
Account Manager

Elton Danao
Sale Manager
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

They have sales departments whose jobs are to contact clients through phone and email and persuade them to invest using their trading platform. The burden of proof is lower in civil cases and while there is no risk of jail time, there is the potential for significant financial damages. Whether you are facing criminal or civil charges for involvement in a Forex fraud scam, it is imperative that you have a lawyer looking out for your interests and fighting for you. This pattern may have been repeated many times in the past, but that didn’t stop many people from falling into the same trap when online forex investing became widely available in the late 90’s. The retail forex market has grown explosively, as trading platforms have made the market increasingly accessible to consumers. A few people make excellent returns in a short amount of time and advertise the investment to their friends.
Who are
It is clear that does none of the above and cannot even be considered a broker, but rather just a scam in the Forex market. hides most of the trading conditions and raises suspicions. You can also share your trading experience with by commenting on this review. Use this comment to guide your trading decisions and conduct due diligence on Submit your broker review below and help other traders choose the right broker. While Forex broker fraud is common, it is not the only type of foreign currency trading fraud. Forex traders have also been accused of making large purchases or sales moments before daily price fixing occurs in order to artificially push the price up and down. Big banks were able to help companies lock in gains with this technique at the expense of small investors. Market manipulation is a crime, but prosecutors have to prove that the defendant acted intentionally to interfere with customary market pricing. Many scam brokers offer automated trading done by a robot or algorithm claiming to make you money.


In general, does not charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly trade, for example weekly or daily trading. The MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
A closer look at STForex website – (, shows a striking similarity with websites that offer “Automated trading software, HYIP software, unregulated trading software and insecure protocol software”. This is another RED FLAG, because these types of websites are notorious for fraudulent schemes. Most of the time the award will say, “Best broker 2015,” and the news outlet won’t be viewable, or it is an unreliable outlet. Scam brokers will purposely post fake awards from a few years ago because they’re harder to verify than a 2019 award.

Does offer negative balance protection?

Why not just go direct to a decent international broker that can actually offer you what you’re looking for rather than this cheap imitation version that will cost you more than your Deposit to be sure. These shysters do not keep your money in Philippines but are functioning as an Israeli front for a broker called BForex – and pretends to be Aussie. Hello what happened with Forexct as I have just signed up and concerned now after all these posts. I see forex scam your post was back in 2016 so did you get your money or resolve the problem. I have done a website checkup and it says that they are based in Isreal. This company is a complete scam, and ForexPeace Army moderators have put the strong wording against them on their website as well. They are almost going to recommend a scam finding against this company soon. You can drop all your worries because we believe that is completely safe to use.

There is also provision made for a company certificate to show that they are registered, however, BitOptions 24, is a scam and there have been numerous warnings against it. Acknowledged as a scam broker on Forex Peace Army, HFX is also listed with the Financial Services Authority, or FSA, as an illegitimate firm that is involved with illicit and fraudulent practices. There have also been reports that Tradorax proceeds with deals on behalf of traders without prior permission in addition to charging registered credit cards fraudulently. Numerous traders have posted complaints against these brokers and subsequently, the broker has been blacklisted by Forex Peace Army due to its widespread poor reputation in an attempt to safeguard traders. Both UFX Market and UFX Bank have a substantial amount of negative reviews regarding irregularities in its provision of trading solutions and services. This is another get-rich-quick scheme that promises traders riches despite their trading skills or experience. It promises traders several thousands of dollars within mere hours. This broker used social media to promote its services and claimed to be a legitimate Forex broker with regulation through the Financial Services Provider, or FSP, with a corresponding license number.

Skrill was acquired by the Paysafe Group along with former competitor Neteller and the prepaid payment company paysafecard. Any processing fees from your bank will have to be incurred by you. protects its clients’ personal and sensitive data under SSL encryption. If you register for a demonstration account on, you will set out using a decent amount of virtual currency. It’s to establish a feeling of safety and confidence in you before you decide to invest your own money. You can start using the MetaTrader 4 platform with in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s. allows traders to trade on mobile devices through Android and iOS devices.

  • If these awards were real, you would be able to click on a link and view them or find them via Google search.
  • If you buy one currency, you automatically sell another currency and vice versa.
  • When traders attempt to withdraw funds, there are numerous issues, and the withdrawals are never processed.
  • Other methods such as WebMoney, Perfect Money and Bank Transfer are free.
  • For his crimes, Kim was slapped with a permanent ban from trading in cryptocurrency and soliciting funds, will now have to serve 15 months in prison and pay out over $1.1 million.

After my complaints, the company even changed my trading information to cover their criminal action. If you manage to make money in these tough markets, with these tough spreads and these tough Israeli terms and conditions, you are a soldier of the highest order though. A complaint is best lodged with ACCC, Philippinesn Consumer and Competition Commission. Individual legal action will be very costly and probably not worth it. In Philippines it is very difficult if not impossible to extract money owed, if someone isn’t willing to pay, even with a court order. Approaching A Current Affair seems to be effective in exposing a fraudster to a large audience with some degree of redress success. You could have a real dispute with them – i don’t have an opinion about forex ct one way or the other.

Though naturally risky, forex losses of this level are suspicious. Which forex trading is technically legal in Philippines, the ASIC does give out warnings that forex trading is incredibly volatile and requires a lot of knowledge to do properly. The above information is not enough to start trading with He can cause huge losses to his clients and therefore, in our opinion, is a potential scammer. I would say that this is the most direct access to the market and high liquidity Forex broker. Since its inception, Skrill has expanded to operate in over 120 countries with the digital wallet that is available in more than 40 currencies. Customers can deposit money into their Skrill wallet through a variety of payment options including by card, bank transfer, and several alternative payment options. The funds can later be used to pay merchants as well as others Skrill users, or transferred into cryptocurrency. Skrill is a digital wallet company that was founded in 2001 that offers a variety of online payment and money transfer services.

  • At the beginning I didn’t have too much problems, I mean, In just a few weeks I got $200 of a investment of $500 but 3 months ago, all started to change.
  • Skrill also allows cross-border transactions through its remittance service Skrill Money Transfer.
  • After four years, Cline admitted to his clients that 97% of the $27 million that had been invested was gone.
  • Getting into the area of online trading requires expert assessing skills and comprehensive knowledge.

At first, it doubled the account that it was trading over the course of a year. But then in the second year it lost all of the gains that it had made in the first year. Of the commodity products, perhaps Forex trading is the second most fraud worldwide and scam. Sign up to get the latest market updates and free signals directly to your inbox. They made me believe that it is a legitimate company inviting me to visit them in Melbourne.

This broker has worked to convince numerous traders to join the bandwagon on cannabis stock CFD investments. The US Dollar 250 initial deposit which was required was to be paid directly to the broker upon registration. Unfortunately, this is often at the cost of traders who have invested and subsequently lost substantial amounts of capital. The names of these brokers are made public to avoid others losing their funds in the same way. Regulated brokers are required to keep client funds in segregated accounts, separate from the broker’s own operating funds. These funds may not be used for any reason other than trading activities from the trader in whose name the funds are kept.

We have some information about owner of (FXCL) SCAM company and its may be resident of USA: Alex Teplitsky