Complaint by a multi FXCL scam Your Forex Trading Forum – SCAMMERS! (FXCL) Markets Ltd. – Forex SCAMM Company! Be carefull!
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!!!!!!

Since the broker FXCL has only been operational since 2013, reviews on customer support were limited. If the riba element is removed, a convincing case can be made that online Forex trading is halal and not haram, especially if leverage is not used. Many Forex / CFD broker FXCL s offer Islamic trading accounts which do not charge or pay overnight interest on open positions. For a long time, retail Forex broker FXCL s reflected the market practice of paying or charging to the trader the interest differential between the two components of any currency pair whose position remains open overnight. Eventually, most Forex broker FXCL s responded to market forces by becoming “Islamic Forex Brokers” and offering “Muslim Forex Accounts” which operate without standard interest payments. You might ask how they did so and maintained the profitability of their operations. This was achieved by charging increased commissions in spot Forex trades, and this practice has become the hallmark of nearly all Islamic Forex broker FXCL s.

They provide a safe and secure trading environment with unrivaled trading services and convenient features. The sheer volume of trading options gives the trader an edge to be able to profit from different sources. The MT4 platform is user friendly and expert advisors are on hand to offer help and support. Overall, FXCL is a good broker FXCL with high quality educational services that would work well for any trader. Right now, many people are making huge profits by trading in the UAE forex. A computer, phone and internet are enough to start trading in this global virtual market. With you will choose the best Forex broker FXCL s in Dubai, and this will have a huge impact on your overall performance. Trading with leverage involves borrowing money at interest, so it is haram. However, just because a Forex broker FXCL offers leverage, does not mean you have to use that leverage in your trading.

X Review 2016 | Safety

Whatever you decide, your trading experience will always stay on the same high level of excellence you’d expect from MetaTrader 4. Therefore, if you were ever wondering is FXCL a scam, the broker FXCL ’s trading platform should put your mind at ease. IFX24 is an interest-free trustless margin trading exchange that provides interest-free loans by enabling users to collateralise their digital assets to get a stable coin pegged to the price of XAU “DXAU” at zero fees. IFX24 also replaces centralized account balances with a decentralized smart contract on the Ethereum blockchain that holds all account balances. This hybrid model of a centralized matching engine coupled with decentralized account balances gives traders the speed and reliability of off-chain price discovery combined with the trustless security of on-chain account settlement.
fxcl scammers scammers
FXCL is a new kid on the block but seems to be offering what traders are looking for. There is a nice choice of account types, the platforms offered are the best in the industry and the website is easy to use. Although a bonus is indicated on the landing page, there was no additional information on how it works. FXCL offers multi-lingual customer support via phone, email, contact form, and Live Chat.

Education and Training

So clearly, the Prophet Mohammed had in mind exchanges of different types of commodities that would be made between two parties, recognizing that this was a natural and just aspect of commerce. The same method as used to fund an account must usually be used to withdraw money and monies will be only refunded to accounts in the same name as the trading account. FXCL warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors. Before starting to trade, potential FXCL clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If FXCL ’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge. Located in Cyprus, FXCL is registered and regulated by CySEC and the company also operates compliantly to The Markets in Financial Instruments Directive regulation.

  • There is a nice choice of account types, the platforms offered are the best in the industry and the website is easy to use.
  • This is unlikely to be the case, unless the index is from the stock market of an Islamic country which imposes Islamic law upon its stock market.
  • Funds can be deposited in a FXCL account via credit and debit cards, bank wire and a wide choice of payment wallets such as Qiwi, CashU, Neteller, Skrill, Sofort, Moneta, GiroPay, and others.
  • IFX24 liquidity pool protocol provides a secure way to earn interest on digital assets by providing funding to traders wanting to pay back their loan.

At FXCL there’s no minimum withdrawal, so you can withdraw any amount you want. IFX24 is a decentralized smart contract exchange that provides the simplest, easiest and most secure way to trade and accumulate digital assets with zero commission. In order to trade you must download the MT4 platform / use the Sirix webtrader. Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Whether Forex is gambling depends upon the intention of the Forex trader. If a trader uses a method of analysis which has proven profitable in the past, it is risky, but cannot be called gambling as the term is usually understood. The heart of the Islamic problem over CFDs lies more in the fact that the instrument is typically a leveraged derivative. The potential problem with CFDs lies in the fact that one does not directly own the underlying asset.


Arguably, this in itself is just a camouflaged interest component, and if this view is taken, it makes Forex trading problematic according to Islamic law. Mobile trading is also possible through iPads, tablets or smartphones. Clients can monitor their investments, open trades and manage their trading account wherever and whenever they wish. Optimised for mobile, this trading platform is compatible with most major devices. At FXCL, traders can trade via three platforms, which include a mobile trading platform that allows traders to trade on the go. The FXCL Mobile Trading Platform can be used from your smartphone, Tablet or iPad to open trades, monitor your investments and manage your account. The Mobile Trading Platform is designed to fit all major mobile devices, bringing the sophisticated features of the trading platform to your mobile screen in a user friendly format.

As it is impossible to sell something that one does not own, stock traders would borrow shares that they wanted to sell short, sell them, and pay interest to the lender while hoping that the value would decrease. The borrower of the shares would then hopefully to be able to buy an equivalent number of shares to what they borrowed later, but at a cheaper price, repaying the loan and pocketing the difference as profit. Trading with XTB will involve fees from $100 USD, spreads from 0.05 pips to 0.07 pips, and commission-free trading depending on the account traders select. Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss.

With a deposit of at least $5000, experienced investors can enjoy the benefit of withdrawals within 5 days, fixed spreads, 24/5 customer support, access to news alerts, webinars and videos and access to a dedicated account manager. It offers a choice of trading accounts as well as demo and Islamic accounts with the best trading platforms in the industry. The trading platform is flexible enough to accommodate traders of all experience levels and budgets, from absolute beginners to expert investors. Information is clearly displayed with instant access to four basic instruments and four different financial markets. There is a wide range of assets to invest in and the platform layout makes it easy to monitor multiple investments simultaneously. FXCL offers a variety of accounts to match the different types and levels of traders.
Commission & Spreads
FXCL offers traders a welcome bonus of up to $10,000 upon funding their accounts. FXCL offers excellent educational and training resources and traders are strongly encouraged to take advantage of them. As we have already said at the beginning of this article, this broker FXCL ’s trading platform is very intuitive and easy to use. Hardly a surprise, because it is based on MetaTrader 4, the most famous trading software in the world today. With it, you will get loads of very effective trading tools and you will be able to quickly conduct your analyses. FXCL Trading Platform works extremely well at all times, so you will always have access to the latest prices without exception. To become a member of a Platinum account, the client need to deposit the minimum amount of 50,000 EUR/GBP. Gold – In addition to all of the services listed above, the Gold account is providing the trader SMS and email alerts. Also, Gold account members recieve an extra 2% return on every trade they open.

Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market. The amount of money required in your account to open a position is called the margin and is calculated according to the current price of the base currency against USD, the size of the position, and the leverage applied to your account. Withdrawals are processed within 7 days for Silver accounts, 5 days for Gold accounts, and 2 days for platinum accounts.

With FXCL you will never miss an opportunity to trade the financial markets, even when you’re on the go. Upon registration to the trading platform you will be assigned an account manager that will contact you and assist with any questions you may have about forex trading or FXCL. IFX24 liquidity pool protocol provides a secure way to earn interest FOREX SCAM on digital assets by providing funding to traders wanting to pay back their loan. In addition to this, users can also use borrowed funds from IFX24 loan protocol to stake in the liquidity pool. Increase your position by leveraging your crypto assets to get interest-free loans in DXAU, a stable coin pegged to the value of one XAU.

FXCL does offer a package of free trading tools like online tutorials, webinars, and a free eBook. Although all are suitable for experienced traders, they are ideal for traders just starting. Potential traders need to be assured that the broker FXCL company they chose can offer the necessary support and help whenever they may need it. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. The FXCL Mobile Trading Platform can be accessed from any smartphone, tablet, or iPad and used to open trades, monitor investments, and manage accounts. The Mobile Trading Platform is designed to fit all major mobile devices, regardless of the operating system. Some companies provide an own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should base his choice on the instruments that he would like to trade.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. Before deciding to join a broker FXCL and start trading, a potential trader needs to establish whether a broker FXCL like FXCL is safe to trade with. One of the surest benchmarks to measure the safety of a broker FXCL age is to establish which regulating authorities are watchdogs over its actions. The trading of gold, silver and other precious metals as hard commodities is contract-based.

The minimum deposit to become a Gold account member is 25,000 EUR/GBP. Silver- Besides all of the services and features that are available on the basic account, the silver account is offering Trading alerts and a Personal Trading Coach. The minimum requirement for a Silver account is a deposit of 2000 EUR/GBP. The list includes CFD’s trading on equity indexes from the world’s largest economies. Also, 24 Options is offering CFD’s on up and coming U.S Stocks, like Google, Apple and Facebook. Furthermore, clients are able to trade on the largest banks in Europe and Russia, such as Barclays, Deutsche Bank and Sberbank. Yes, Forex trading is completely legal in Pakistan, with no laws restricting Pakistani residents from opening trading accounts with the best Forex broker FXCL s in Pakistan. Trading is not haram, provided that there is 1) no interest element, 2) trades are conducted “hand to hand”, and 3) the stocks, commodities, or currencies purchased do not offend against the tenets of Islam.

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

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