(FXCL) Markets Ltd. is compensated by the spread. Leverage may increase gains or losses.
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!!!!!!

Forex scams can be organized scammers that disguised themselves as brokers or brokers that commit scams themselves. They are often very well-versed in digital technology as this is their main vehicle to deceive traders. In general, scam brokers can be divided into these three types. With a daily volume of more than $6 trillion, it is only natural that forex attracts scammers to the industry. These scammers often position themselves as forex brokers. Unlike legitimate brokers, their main objective is to steal their clients’ money.
First, they will ask you to pay an entrance fee, and then you will be asked to buy their products such as training videos, trading signals, and other products to improve your trading skills. Instead, what you actually do is to recruit more investors into the scheme and ask them to buy the company’s products so you can earn a commission fee. Forex is not a pyramid scheme, but some so-called brokers do operate as MLM companies. Just like any other pyramid scheme, they promise you a dream-like life where you can quit your job and travel around the world while money keeps pouring into your bank account. This is how forex pyramid schemes usually do their business.

Access Denied

I lost $500 with this company because of my own gullibility. I am actually happy about it, because I know people who went into debt, having believed the smooth talk of their managers about big profits on the Forex market. It was all going fine, there was a small profit, but when I tried to withdraw the money, all the communication was cut off. As it turned out, they are not regulated at all and they don’t even have an office. I believe it is my duty to warn others about this scam. There are various reasons why these brokers are on this list. The reasons include but not limited to lack of regulation, failure to fulfill their obligations to traders, difficulty in fund withdrawals, manipulative trading practices, etc. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Since 2015, we’ve reviewed over 200 forex brokers. Before any trade and choosing a broker You must always read reviews on this site and on other sites.

Their deposit process is fast and I can start trading for a few hours after deposit. The execution is fine and so the spreads, during my dealing activities I could see no re quote and there is no manipulation in charts. Their support also really helpful every time I ask for question they will trying to answer as soon as possible. All registered users can leave reviews on our website, but they are additionally screened in order to avoid mistakes and slander.

Recommended forex brokers

On our website you can find numerous reviews, both positive and negative ones, about from experienced traders. We try to make sure that all comments are left by real clients of the broker. Here you can ask questions about trading and withdrawal of funds, as well as contact support for assistance. Before you sign up to a broker, always conduct thorough research on a broker with the checklist we have provided above.

Naturally, after reading such warnings, you may be concerned for the safety of your funds. In 2021, scam is rather an unpleasant exception. They hide behind investments into effective PAMM accounts, cryptocurrencies or precious metals. These scammers motivate customers to develop their network by inviting friends and relatives. They tend to actively use the latest technological terminology. They can also hide behind investments into cryptocurrencies, AI, precious metals and highly effective PAMM accounts. “Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets.” My broker does not interfere with the withdrawal of my funds. Learn Trading financial markets has never been easier.

Broker: Author: ROD78

Keep in mind this is from the maintenance guy, not myself. I am relaying what I heard but it wouldnt surprise me. They want to nickel and dime you rather than help you. They show you one apartment and give you one that looks nothing like your unit. All the blinds are bad, carpet is bad, paint is horrible, paint all over countertops, and cabinets.
It is an expansion expense, not operational or maintenance, and SHOULD NOT be passed on to the owners as an Extraordinary Fee. Our annual fee is supposed to cover the operation and maintenance of the property. This fee was $389 when we bought in 2006 and us now $1, 100, it has gone up significantly to cover such costs. Personally I would not risk working with a little-known company, regulated in an offshore territory. I have great doubts that somebody cares much about protection of my rights somewhere in Vanuatu or the Seychelles. There is factually no control over the operation of the brokers in many of such jurisdictions. Entire criminal organizations can operate under the guise of a Forex broker.

Please include also proofs of your experience to better help other users. The IP geolocation data is powered by MaxMind GeoLite DB. To find more information on the blocklist report, click the “More details” link. WOT is a great community of Internet users that rate websites. “Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.”
List of Scam Brokers
Before deciding to trade Forex or any other financial instrument, you should carefully consider your investment objectives, level of experience, and risk appetite. We try our best to offer you some valuable information about all of the brokers we review. While we do our best to ensure you get the most up-to-date data, we also encourage you to verify our information voluntarily. This is the type of scam brokers that will grab your money very quickly and fly away at night to evade their responsibility. They come fast, and they go even faster if they have already got what they want. They operate by setting up a website that often looks very plain and simple. On it, they will write bogus claims of easy and big profits, or anything that could attract you into investing with them. But once you make a deposit, they will disappear either by declaring bankruptcy or announcing nothing at all. Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc.
You say you haven’t paid your maintenance in years because you don’t use the weeks. I have been thinking about stop paying myself as I have not used unit for last five years. They send me a invoice every month for pass dues owed even though I am paid up in full. When I call them they say that I am paid up and disregard the bill. Billing people with the hope that they will not question it and just pay the bills.
Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on. The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers. As part of these platforms, traders will receive free education and seminar attendance, as well as free market news and analysis at a glance to ensure informed… We could not access its website or find any active social media accounts for it. If you were scammed by this broker, let us know in the Forum or comments section below. You can also find a great alternative for your Forex investment in our listing of the top trading platforms.

List of Blacklisted Forex Brokers

Traders can choose from three different trading platforms, the MT4, the ProTrader, and the Web Trader. The MT4 has all the required indicators, charting options, and a ton of open-source or third-party tools and indicators that can enable them to create a personalized trading environment. The MT4 platform is also home to one of the largest array of automated trading bots known as Expert Advisors , which further enhances the trading experience. Traders can open a Forex account for $1000, which may be higher for most retail traders looking for an ECN account.

The second time I spoke with a Ms. Pena and she assured me my money would be refunded in May 2010. I also had alerted the local Profeco of my situation. They drafted a document for me to present to Belaire instructing them to refund all my money. It is now the middle of June and I have yet to see any of my money or even hear from Belaire as to when they will be returning my money. I am not able to be PV until they decide to reimburse me. The profeco is my on site agent while I am not in Philippines.

I went through my contract and I don’t see any clauses where its stipulated that additional payments could or would be expected for “Special Assessment”. I’m going to ignore their statement as its a request without money stealers any financial data to substantiate the request. We would also like to be kept in the loop if anyone begins legal action against the Bel Air Collection folks. We purchased in 2008 at the Playa Del Sol in Cabo.

  • They’re now asking for a restoration assessment fee of 900.
  • As soon as our experts discover a new scam Forex broker, it is immediately included in the blacklist.
  • The MT4 platform is also home to one of the largest array of automated trading bots known as Expert Advisors , which further enhances the trading experience.
  • Over the years, it’s gotten a bit worn and then 2 years ago the new hotel was being built.
  • If a broker has not provided information about regulation, stay away from it.

My review is not a single one throughout the Internet. I also posted much of what I posted above on the Bel Air Vacation Club Facebook page. There only response was to “contact us to discuss”. When we contacted them, they don’t really care what your contract says and spout of irrelevant references and pretty much laughed when told they were going to be reported. They know the amount they are charging is too low for anyone to really want to pay a Philippines attorney or to spend a lot of their time fighting about it, that is how they get away with it. Since they also have an office in Las Vegas, not sure if there is a way to file a formal complaint in the Philippines.

*Information not comfirmed*

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