Score

1.53 /10
Danger

FX-TRADING

South Korea

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

C

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Comparison

Quantity 9

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.16

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

FXTRADING CORPORATION

Company Abbreviation

FX-TRADING

Platform registered country and region

South Korea

Company website

Facebook

Company summary

Pyramid scheme complaint

Expose

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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 the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    FX-TRADING · Company summary

    Note: FX-TRADING's official site - https://www.fxtradingcorp.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    FX-TRADING Review Summary
    Company Name FXTRADING CORPORATION
    Registered Country/Region South Korea
    Regulation Non-regulated
    Market Instruments N/A
    Demo Account N/A
    Leverage N/A
    Spread N/A
    Commission N/A
    Trading Platforms N/A
    Minimum Deposit N/A
    Customer Support Email: support@fxtradingcorp.com; Facebook

    What is FX-TRADING?

    FXTRADING CORPORATION is a cryptocurrency investment platform based in South Korea that alleges to offer high-profit potential to its investors. However, it's important to note that the platform is not regulated by any financial authority and appears to lack transparency and credibility. Its official website is inaccessible, and crucial information regarding its products, services, trading platform, and fees remains undisclosed, leading to strong allegations of fraudulent activity.

    FX-TRADING

    Pros & Cons

    Pros Cons
    • Appealing Potential Profits
    • Very Likely to be a Scam
    • Non-regulated
    • Negative Customer Reviews
    • Limited Customer Support
    • Inaccessible Website

    Pros:

    • Appealing Potential Profits: FXTRADING CORPORATION appeals to potential investors with the promise of high profits. While this can be tempting, investors must be cautious as substantial profit claims are often associated with high-risk or fraudulent ventures.

    Cons:

    • Very Likely to be a Scam: The company has been flagged by multiple users for potential fraudulent activity. The inaccessibility of their official website and lack of disclosure of essential company details lend credibility to these scam concerns.

    • Non-regulated: FXTRADING CORPORATION is not regulated by any recognized financial regulatory authority.

    • Negative Customer Reviews: The platform has collected multiple negative reviews from its users, indicating potential issues with its offerings and overall operation.

    • Limited Customer Support: The company offers limited customer support only via email and Facebook. Such limited support channels can be a hindrance for clients seeking immediate assistance or resolutions to issues.

    • Inaccessible Website: The company's official website is inaccessible. This creates a barrier for users to gain accurate and reliable information about the company's operation, products, and services.

    Is FX-TRADING Safe or Scam?

    • Regulatory Sight: FX-TRADING is not regulated by any recognized financial regulatory authority, which significantly undermines its credibility and security.

    No license
    • User Feedback: Reviews from the customers depict a disturbing pattern of numerous issues, including the inability to access funds, the disappearance of the company's website and funds, unexpected and hidden fees, and extremely limited customer service. The overwhelmingly negative reviews and frequent mentions of scam allegations further underscore the concerns over the legitimacy of FX-TRADING CORPORATION.

    User Exposure on WikiFX
    • Security Measures: So far we haven't found any information about the security measures for this broker.

    Investment Plans

    It offers high-profit potential, claiming to provide 1% - 2.5% of daily passive income for 200 days with an investment of at least $100. Total projected returns, including profit and capital, are as high as 400%. However, a withdrawal fee of 5% is charged. Given these figures, it's critically important for potential investors to understand the substantial risk that comes with high-return investments and the company's lack of regulatory oversight.

    Conclusion

    FX-TRADING, a South Korean cryptocurrency investment platform, presents a highly risky and non-transparent trading environment due to its unregulated status, lack of information, and inaccessible website. The company's offering of high-return investment plans should be approached with significant caution. We do not recommend users to trade on this platform.

    not recommended

    Frequently Asked Questions (FAQs)

    Q: Is FX-TRADING regulated?

    A: No, FX-TRADING is not regulated by any recognized financial regulatory authority.

    Q: What are FX-TRADING's investment plans?

    A: FX-TRADING claims to provide 1%-2.5% daily passive income for 200 days with a minimum investment of $100.

    Q: Are there any significant risks associated with FX-TRADING?

    A: Yes, FX-TRADING is unregulated, has numerous negative reviews, and lacks transparency in its operations, all of which present substantial risks.

    Q: Is FX-TRADING a good choice or not?

    A: FX-TRADING is not a good choice for traders due to the high risks involved, the inaccessible website, non-regulated status, and negative user reviews.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

    User Reviews

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    User comment

    2

    Comments

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    Tiny Princess
    more than one year
    The minimum investment for FX-TRADING is $100, which is low compared to most other traders. But the lack of supervision of the company and the comments about the alleged fraud of the trader have made me cautious.
    The minimum investment for FX-TRADING is $100, which is low compared to most other traders. But the lack of supervision of the company and the comments about the alleged fraud of the trader have made me cautious.
    Translate to English
    2024-07-03 16:03
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    小雨78715
    more than one year
    FX-TRADING is an outright liar company. I was cheated of thousands of dollars, and I have not recovered it so far. Is it still possible for me to recover my funds?
    FX-TRADING is an outright liar company. I was cheated of thousands of dollars, and I have not recovered it so far. Is it still possible for me to recover my funds?
    Translate to English
    2023-02-28 14:05
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    9