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FXCH -

Score

1.58 /10
Danger

FXCH

United Kingdom

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

http://www.forex-swiss.cn

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Score

Regulatory Index0.00

Business Index7.51

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

FXCH Markets

Company Abbreviation

FXCH

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 : 2024-12-22
  • 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.

WikiFX Survey

Danger

FXCH

United Kingdom

WikiFX Verification

User Reviews

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User comment

2

Comments

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FX1599535888
more than one year
Initially, they seemed like any other broker, but over time, a concerning pattern emerged – a subtle and misleading push towards unnecessary expenses. It's disappointing to see them take advantage of novice traders who are just stepping into the world of trading.
Initially, they seemed like any other broker, but over time, a concerning pattern emerged – a subtle and misleading push towards unnecessary expenses. It's disappointing to see them take advantage of novice traders who are just stepping into the world of trading.
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2024-01-12 19:01
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FX1332540440
more than one year
I have no words for this FXCH broker! It sucks! They manipulated the price and blocked my trading account when I make profits. I was happy to see it has been out of business. Actually, I wish they go to hell.
I have no words for this FXCH broker! It sucks! They manipulated the price and blocked my trading account when I make profits. I was happy to see it has been out of business. Actually, I wish they go to hell.
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2023-03-07 11:30
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