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FXM TRADERS

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.fxmtrading.com/

Website

Rating Index

Contact

+5155988473
info@fxmtrading.com
https://www.fxmtrading.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+5155988473

Other ways of contact

Broker Information

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Company Name

Exinity Limited.

Abbreviation

FXM TRADERS

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2024-07-12
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FXM TRADERS · WikiFX Survey

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FXM TRADERS · Company Summary

Registered in UK
Regulated by No effective regulation at this time
Year(s) of establishment 2-5 years
Trading instruments Information not available
Minimum Initial Deposit 499 GBP
Maximum Leverage Information not available
Minimum spread Information not available
Trading platform Information not available
Deposit and withdrawal method Information not available
Customer Service Email/phone number
Fraud Complaints Exposure No for now

Note: At this time, we only have a cursory look at FXM TRADERS as the company's official website (https://www.fxmtrading.com/ ) does not open properly.

screenshot of WikiFX

Screenshot time: 02/02/2023

WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.

General information and regulations

FXM TRADERS is registered in the UK and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.

When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.

Account types offered by FXM TRADERS

FXM TRADERS offers a total of FXM TRADERS account types: basic, standard and premium. The minimum deposit to open an account is 499 GBP, 1,000 GBP and 3,000 GBP respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a basic account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

account types

Customer support

The support service provided by FXM TRADERS is not very extensive. It can only be accessed via email and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.

Below are the details about the customer service.

Email: info@fxmtrading.com

Phone Number: +5155988473

Users exposures

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.

Frequent asked questions about FXM TRADERS

Is this broker well regulated?

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

User Reviews

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3

Comments

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FX1294326958
more than one year
Starting with its demo trading and I am ready to open a real trading account. I had a very pleasant trading experience so far. And I will share my trading experience in the near future.
2023-03-02 10:17
Reply
0
0
水墨
more than one year
This devil FXT TRADEERS has cheated me of $5,000 in total!!! They maliciously manipulated my account, arbitrarily closed my trades, making me lose all my money. My biggest mistake! I easily believed them! They ran away with nothing left, what should I do, guys, what should I do?
2022-12-02 18:46
Reply
0
1
A金波
more than one year
A notorious illegal fraud company! They cheated a lot of people out of their money and ran away. Hope the police catch these crooks soon! Let them be punished as they deserve!
2022-12-02 17:09
Reply
0
0
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United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
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