Score

1.59 /10
Danger

FXSOL

United States

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Clone Firm United Kingdom

Suspicious Overrun

High potential risk

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Comparison

Quantity 19

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.59

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

FXSolutions

Company Abbreviation

FXSOL

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-22
  • The claimed United KingdomFCA regulation (license number: 113942) is verified as a clone firm. Please pay attention to the risk!
  • The number of the complaints received by WikiFX have reached 19 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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    FXSOL · Company summary

    Since FXSOL's official website (http://www.fxsol.com.cn/) is temporarily down, we could only piece together a rough picture of xx as a forex broker by gathering relevant information from other websites.

     basic-info

    General Information

    Registered in the United States, FXSOL is a forex broker providing a series of trading instruments, such as currency pairs, indices, stocks. As this brokers official website cannot be opened for now, we could not obtain further details.

    Please note that the claimed UK FCA regulation (License No. 113942) is verified as a clone, and it has been verified that this broker is not authorized or regulated by any regulatory authority. Please be aware of the risk.

    WikiFX Field Survey

    The WikiFX field survey paid a visit to this FXSOL‘s regulatory address, but disappointedly found that this broker’s actual address is not consistent with its regulatory address, which could be served as further evidence that this broker is probably a scam.

    Please note the content is for informational purposed only.

    wikifx-field-survey

    Leverage

    Trading leverage cannot be found anywhere. Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

    Trading Platform

    FXSOL provides access to the industry-leading MT4 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform offers a powerful set of tools available with one click, a flexible trading system, technical and fundamental analysis, professional MQL5 development environment, multi-currency tester and alerts.

    Customer Support

    If clients have any inquiries or trading-related issues, they can get in touch with this broker through the following contact channels:

    Telephone: 400877787

    Email: service@fxsol.com.cn

    Negative Reviews

    The number of the complaints received by WikiFX have reached 19 for this broker in the past 3 months. Quite a few traders shared their awful trading experience on this platform, saying this brokerage is just a fraud platform rejecting their withdrawal requests. Come to WikiFX to see the whole story.

    negative-reviews

    Risk Warning

    Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

    The information presented in this article is intended solely for reference purposes.

    User Reviews

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    User comment

    1

    Comments

    Write a review

    勇哥56997
    more than one year
    FXSOL appears to be a cloning scam company, and I deeply regret it. If it does, I strongly advise users not to trade on the platform to avoid incurring any unnecessary financial losses and risks. The damage to investors caused by fraudulent platforms is very serious, and it is difficult to recover funds.
    FXSOL appears to be a cloning scam company, and I deeply regret it. If it does, I strongly advise users not to trade on the platform to avoid incurring any unnecessary financial losses and risks. The damage to investors caused by fraudulent platforms is very serious, and it is difficult to recover funds.
    Translate to English
    2023-03-29 14:32
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