What is Fxclearing.com? Forexhero | Fxclearing.com is a BIG SCAMM WITH FAKE REGISTRATION.
Posted on February 17, 2022
https://www.fxclearing.com/ (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 Fxclearing.com 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
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
Allen Roel Costales
522 Tanglaw St. Mandaluyong City Barnagay Plainview
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines
639175048891 / 639991854086
All of this persons need be condemned and moved in Jail.
!!!!!STOP STEAL Philippines MONEY!!!!!!
When it comes to charting tools, there is little to no hassle at all as all are surprisingly modifiable. Buttons are easily customized, while clients may switch panels and organize trades in an efficient manner. A separate section is dedicated for some of the most popular technical indicators such as the Bollinger, Mid Range, Moving Average, and Oscillators. An impressive selection of drawing instruments including Gann Fan and Fibonacci also allow traders to maximize its trading potential. What came to be the most interesting about this platform is its so-called “ticket” that easily sets limit and market orders. There will always been an inherent risk when trading with an online broker. This can be true especially if the broker is located offshore where regulation laws can be lax. These conditions allow them to easily carry out fraudulent activities if left unchecked. Withdrawals can take up to 4 business days to process, which is a considerably long time compared to other brokers.
This means that the broker could break away from industry standards without any intervention due to lax regulations. However, a number of negative reviews and accusations of fraudulent behavior has questioned the legitimacy of the broker. Therefore, in this review, we will look into the aspects of the broker and investigate whether the claims hold some weigh in them. For every bad reviews that this broker gets, the lesser the trust that potential clients have on them, so it would be best that Fxclearing.com clarify these issues before it takes a toll on their business. The FX Micro Account requires a minimum deposit of $10 to open, while the FX Classic requires a minimum deposit of $500. Therefore, this would mean that it would be very risky trading with Fxclearing.com as its client’s funds and best interest are not protected by any authoritative bodies.
Fxclearing.com Customer Reviews
Renesource Capital is limited in payment options in that it only accepts bank wire transfers for withdrawal and deposit. It can take between 1 and 3 business days in order for a transaction to process and can depend heavily on the transfer type. The processing time can also depend on whether the transaction is between a Latvian bank or an international one. All three account types are recommendable for traders of all sorts.
Regardless whether you are client or just someone wanting to open an account, Fxclearing.com will provide you with customer representatives to attend to your queries. To add, there is also an absence of research tools, which is somehow disappointing as most brokerages offer such. For someone who wants to study market movement, registration for a series of webinars is available. However, all of Fxclearing.com’s accounts only has market execution and is only compatible with the U.S.
In addition, the broker offers its clients the opportunity to invest in most active indices around the world such as the NAS100, SPX500, and US30 indices. Clients are brought to understand the risks of binary options trading. Such is disclosed in any financial firm’s risk disclaimer section. While it is true that this industry projects high level of financial risks, Fxclearing.com on the other hand guarantees that its operation works under legal terms.
This can be so because of the structure of its account types and its withdrawal and deposit methods. This is a generous selection for a company that has less market traction. As the company claims, registration with them will put clients one step ahead of other traders. This is mainly from its trading tools, optimum enough to expand trading profitability. Another promising aspect about this is its platform, which as how they put it, meets international standards and enables seamless trading advantages. Therefore, Renesource Capital is licensed by the Financial and Capital Markets Commission as a professional participant in securities markets that conducts investment brokerage activities. Renesource Capital offers three trading platforms – the industry-standard MetaTrader 4 and the Currenex and Integral platforms.
In addition, all accounts types allow the traders to invest in all 90 Forex pairs, as well as gold & silver. The main difference between the three account types therefore comes down to the commission fees, with the FX Pro Account charging a commission of $25 for every trade worth $1 million. The FX Micro and FX Classic accounts, on the other hand, do not charge commission fees. Speaking of trading platforms, Fxclearing.com utilizes the MetaTrader4 software for its trading platform. The MT4 platform is one of the most popular trading platforms the industry can offer. Its fully-customizable interface allows for maximum flexibility and ease of use. MT4 is also compatible with third-party plugins that allows traders to make use of advanced charting and technical analysis tools.
In addition, the opening of an account can be a complex and arduous process. Renesource Capital is an online brokerage company that was established in 1998 with headquarters located in Riga, Latvia. It is one of the oldest and the largest brokers that are not affiliated with a bank. Foreign Exchange has been beneficial not only for traders but also for brokerages.
In the case of Fxclearing.com, the broker does not seem to be registered by any regulatory body. Even under Grand Investing Ltd that holds authorization from the Marshall Islands, Fxclearing.com does not seem to be covered by it. However, if its limitations do not pose an issue of any sort, Renesource Capital is a safe and fairly decent broker to trade with. He has more than 10 years of experience in trading and helps people get rich. Anna’s lessons, interesting articles in the field of financing will always help you manage your money properly. One or two click will https://www.fxclearing.com/ render results about its fraudulent activities which often result to financial wipeouts. Only recently has Fxclearing.com offered cryptocurrency which includes some of the most popular digital currencies available such as Bitcoin, Litecoin, and Ethereum. Fxclearing.com is an online broker that was established in 2015 and is said to have headquarters in London. It operates under Grand Investing Ltd, which is registered in the Marshall Islands. A rundown of the platform’s functionality and features are presented below to help interested parties assess its legitimacy.
As this industry begins to grow, the web space continues to see an increase of brokerage firms offering their own financial solutions. Among these brokers that debuted in the market is Fxclearing.com, a foreign exchange and binary options firm located at 22 Gresham St. London, United Kingdom. It also gives aggregated flow from several liquidity providers and more than 80 forex pairs. There are no trade restrictions on the platform and there is a great choice for large volume traders or scalpers. The platform is available only for clients with FX Prime accounts. The Currenex trading platform is one of the industry leaders in pre-trade and post-trade processes as well as price discovery and liquidity aggregation.
This brokerage firm offers its own proprietary desktop platform. However, clients are left with only a desktop version as it is not supported in mobile. Checking out the interface, it is simple and does not bear confusing buttons. It has an intuitive feel and made specifically to facilitate binary trading. As the system is dedicated mainly for binary options, it would appear inadequate for traders who would want to utilize the platform for other trading structure. Because of its size and age, Renesource Capital has managed to turn into a household name in Latvia.
In order to guarantee their legitimacy, they obtain licenses from financial authorities. These authoritative bodies investigate the broker’s operations and only give out licenses if it passes industry standards. Its license from the money stealers Commodity and Futures Trading Commission attests to its legitimate services. To elaborate, the CFTC ensures that Fxclearing.com executes its vision of promoting open, transparent, competitive, and financially sustainable markets.
- Contrary to what is mentioned about its customer support, there have been collective reports about account managers not attending to clients’ queries.
- Speaking of trading platforms, Fxclearing.com utilizes the MetaTrader4 software for its trading platform.
- In the case of Fxclearing.com, the broker does not seem to be registered by any regulatory body.
- Therefore, Renesource Capital is licensed by the Financial and Capital Markets Commission as a professional participant in securities markets that conducts investment brokerage activities.
- An option for automated trading is also available, creating an all-inclusive and flexible trading structure for all kinds of traders.
This aspect is necessary since brokers need to provide clear insights and authoritative lessons about the fundamentals of trading. For one, traders are well-equipped with insights and forecasts from industry experts. An option for automated trading is also available, creating an all-inclusive and flexible trading structure for all kinds of traders. According to its official site, it operates on the back of web developers and professional foreign exchange analysts that provide innovative technologies. Its workforce is also composed of experts and specialists that consistently render progressive ideas. In this review, we will break down some of the services and features it offers. From here, we will see whether Renesource Capital still holds up to its name or if the broker would need an overhaul. From this, we can say that while Fxclearing.com has some of the most competitive offerings out there, it might not be a safe way to invest your money. The accusations of the broker being a scam could be true as well since Fxclearing.com is not regulated by any reputable financial authority.
It connects the buy and sell aspect for Forex traders through the use of Electronic Currency Network and provides trading services through its Straight-Through Processing technology. Another account type is the free Demo Account that can be accessed after registering. Here, clients will be able to play around with $100,000 worth of virtual money in a simulated, risk-free trading environment. Demo accounts are a good way to test the capabilities of a broker’s trading platform. Renesource is often seen as the pioneers of the Foreign Exchange industry and has grown to one of the largest brokers over the years. Today, Renesource also provides corporate finance and investment banking services to the professional and institutional segment of the market.
Please listen to the live hearing on the Bangladesh Bank Forex scam in the Philippines Senate. https://t.co/HyfBSYmMrL
— Dr. Mizanur Rahman (@mizanrsharif) March 15, 2016
While Fxclearing.com does not seem to charge any withdrawal fees, additional charges may come from the service provider used. The broker processes its price quotes with a liquidity provider consisting on institutional partners. This allows Fxclearing.com to provide its clients with competitive pricing and tighter spreads. According to the broker, all of its clients’ orders go straight to its liquidity providers, removing any form of dealing desk intervention or conflict of interest in the middle. Many offshore brokerages have been able to pull off many scams in the past due to the lack of proper jurisdictions in the area.
The regulatory body also secures traders from fraudulence, manipulation, and abuse of derivatives covered by the Commodity Exchange Act. While XtreaForex’s payment options are extended, it might be confusing for a client depending on the payment option chosen. As an example, if a client opens a Mini Account through Visa, he might have to pay more than the required $5 as Visa’s minimum transaction amount is $10. Fxclearing.com also features a Copy Trading Program for its platform that allows traders to have their accounts to automatically copy the transactions of more experienced traders. The broker mostly focuses on Forex though it also offers commodities, stocks, indices, and cryptocurrencies to trade. Contrary to what is mentioned about its customer support, there have been collective reports about account managers not attending to clients’ queries. There were also incidents of spamming wherein an agent would call a potential client many times. The inadequacy monitored in education-related aspect was heavily compensated by its strong customer support.
*Information not comfirmed*