Score

1.57 /10
Danger

FXPEE

United Kingdom

5-10 years

Suspicious Regulatory License

White label MT4

Regional Brokers

Suspicious Overrun

High potential risk

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Score

Regulatory Index0.00

Business Index7.49

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Power Foreign Exchange & Money Transfers Ltd

Company Abbreviation

FXPEE

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

FXPEE · Company summary

Note:FXPEE's official website:http://www.fxpfe.com/ is currently inaccessible normally.

AspectInformation
Company NameFXPEE
Registered Country/AreaUnited Kingdom
Founded Year2012
RegulationFCA(Suspicious Clone)
Customer SupportEmail:info@powermoneytransfer.comQQ:1402797577

FXPEE Information

Founded in 2012 and with offices in the United Kingdom, FXPEE purports to be under FCA oversight but functions under a dubious clone regulation. The company provides email at info@powermoneytransfer.com and customer assistance by QQ at 14027975. Given its unsure legal posture, potential traders should use caution.

FXPEE Information

Is FXPEE Legit or a Scam?

Is FXPEE Legit or a Scam?
Financial Conduct Authority(FCA)
Current StatusSuspicious clone
Regulated byFCA
License TypePayment License
License No.503127
Licensed InstitutionPOWER TRANSFER LIMITED

Downsides of FXPEE

Although FXPEE claims to be under control of the FCA,but this control is considered to be a clone, so compromising the validity and regulatory compliance of the broker.

The broker flags high potential risk because of her doubtful regulatory position and recorded issues including not having a physical office, which could undermine faith in the company's activities.

Running with minimal transparency and without comprehensive and verifiable company information, FXPEE makes it difficult for traders to assess the broker's dependability and honesty.

Conclusion

Based in the United Kingdom, FXPEE is an unregulated broker with great risk because of its dubious clone control and high possibility of fraud. Further erasing confidence in the broker is the absence of a physical office and restricted openness. Choosing registered brokers that provide clear, verifiable information can help to guarantee openness and security in their operations, therefore enhancing the trading experience.

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