FlexTrading Fx Review – Facts About FlexTradingFx.Net Broker
FlexTrading Fx review will show you what are the usual fraudulent steps that offshore broker companies take to fool their customers. This trader is yet another phony intermediary who’s operating without being authorized and supervised by financial institutions.
The website of this agent lacks fundamental data. It lacks any kind of data, to be honest. It’s like they wanted to remain as anonymous as possible.
Even the amount of the minimum deposit is unknown, which is absurd. It is common that fraudsters quickly set up a website, and perform their activities until they get exposed. After that, they just pick a new name and start all over again.
It is risky to choose broker companies without doing their license and history research. However, you can feel free to pick one of our legitimate traders that we have listed at the end of this FlexTrading Fx review.
On the contrary, you should avoid dealing with questionable brokers like Profitly Trade, Insta Markets, and Ranytrade.
|Address||Cayman Islands, Mahé, Seychelles|
Compliance and Fund Safety at FlexTrading Fx
FlexTrading Fx claims to be globally licensed and regulated, which is odd for a business that doesn’t even provide its headquarters address.
All they are saying is that they are located in Seychelles, but they didn’t leave any actual address. They also claim they have a San Francisco branch, but the address of that office is missing as well. But, that’s only raising suspicion.
What is undoubtedly showing us that this is a cyber fraud is that they have a warning from the Financial Conduct Authority.
Companies that offer and provide financial services in the UK, should be authorized by them, which is not the case here. Being blacklisted by a finance authority is a strong signal that someone is doing something fishy.
Since they are unsupervised, this means that they go take your money and leave. And that is probably going to happen. So, you should under no circumstances go with this trader. Instead, keep reading and find our trader’s suggestions.
Available Trading Software at FlexTrading Fx
FlexTrading Fx claims to have a unique trading platform. But, it’s completely nonfunctional, which isn’t surprising with everything we know about this firm. The website is just a cover for this unscrupulous fraudster.
There is no real trading going on. They lure customers to invest in them and give them the false idea that they are investing in the Forex market.
This kind of thing does not happen with real-deal traders. There are a lot of scams out there, but that should not discourage you from being an FX participant. You just need to pick one of the intermediaries we recommend. They are using the best trading software, which has a great user experience.
Everything about this financial swindler is a front for an illegal operation that’s going on behind the surface. Legitimate intermediaries use trading software like MetaTrader 4 and MetaTrader 5.
Methods of Deposit and Withdrawal
FlexTrading Fx accepts payments with cryptocurrencies – Bitcoin, Ethereum, USD Tether, Tron, Doge, and Litecoin. Crypto is a legitimate payment, there is no problem with that.
But, it is the favorite currency of phony brokers. These kinds of deposits are irreversible and suit them. You should make crypto payments only to brokers you completely trust.
They are supposedly also accepting wire transfers, PayPal, PayStack, and CashApp, but in reality, the only options are cryptocurrencies. These inconsistencies and non-transparent information are usual for investment scams. These people will do everything to get you to invest some funds.
When you invest your money and realize that they are fraudsters, it may be too late. Because you will be surprised by things like minimum trading volume requirements, high withdrawal fees, and everything else that will stall them from giving you your money back.
How the Fraud Was Carried Out
This swindle is based on deceiving people. Their experienced salesperson sells you the story of an easy life, and you just have to deposit some money. But then they start asking for more, and more money. They tell you that if you invest more money, you will get more in return. These are experienced scammers, and they do this all the time.
One of the trademarks of this bogus broker is that they have pop-ups on their website that are showing some fictional clients that made a non-existent profit. E.g. James from Cambodia just earned 4500$. This pop-up is showing up every few seconds. This is one of the strategies to lure people in.
If you got scammed, you shouldn’t feel embarrassed. This can happen to anyone. Just don’t hesitate in taking the necessary steps, because these con artists can disappear at any time.
Best Forex Brokers
As we have mentioned in this FlexTrading Fx review, we have for you a list of the best Forex brokers that do everything by the rules. You can invest your funds in them, and not worry. These are real-deal traders, that won’t scam you. You can count on things like negative balance protection, guaranteed funds, and segregated accounts.
As you can see, they are high-rated, unlike FlexTrading Fx which has a lot of complaints and negative reviews. Also, everything about them is transparent, from their licenses, headquarters, and their owners. You can choose either one of them, and not go wrong.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
FlexTrading Fx Summary
FlexTrading Fx is an anonymous and fraudulent broker company. They are blacklisted by the Financial Conduct Authority for performing financial activities in the United Kingdom while being unregulated.
Their business is completely non-transparent since you can’t find out what their minimum deposit is, leverage, there is no information about their address, and you can’t call them. It’s another financial fraud that is being performed by an experienced group of people.
Do not go with them, under no circumstances. Always be careful with easy earnings!
FAQs About FlexTrading Fx
Can I Rely on FlexTrading Fx?
You can’t rely on FlexTrading Fx because they are an unscrupulous broker firm. Instead, you can go with the companies we recommended in this text.
What Types of Accounts Does Flextrading Fx Provide?
Their website isn’t saying a lot, but we managed to find out that they allegedly provide demo accounts. This doesn’t mean you should trust them.
What Is the Minimum Deposit Requirement for Flextrading Fx?
The minimum deposit requirement is not available on this trader’s website, so we can’t tell. It is a precedent. We have never seen something like that.