We earnestly recommend that you peruse our thorough FXCR review before making any investment choices, ensuring the safety of your funds. Please make sure to reconsider your decision if you’re considering investing with FXCR. This offshore forex broker operates without any regulatory oversight, which doubts its authenticity. Despite asserting itself as a reputable forex broker offering advanced trading software and favorable trading terms, its promotional strategies could be misleading, aimed at luring unsuspecting traders. It’s imperative not to be swayed by their enticing claims.
Website – https://fx-crypto.info/
Website Availability – Yes
Address – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960
Warning – British Columbia Securities Commission (Canada), The Central Bank of Russian Federation (Russia)
Regulated – Unregulated, Blacklisted
Is FXCR a scam or a legit broker?
The website FXCR is owned by FXCR Limited, and it is registered in the Marshall Islands. Regrettably, this offshore jurisdiction is notorious for its absence of regulatory supervision, which can raise apprehensions among clients. Nevertheless, we managed to verify its registration by cross-referencing the details with the official register of the local regulatory body in the Marshall Islands.
Operating as an offshore forex provider, FXCR faces limited repercussions if they fail to fulfill its promises. This situation poses a risk where clients’ funds could potentially be misused or mishandled, without any legal recourse available. This serves as a stark reminder that even verification does not necessarily guarantee a secure arrangement when dealing with online trading entities.
FXCR Review: Trading Platform
The FXCR trading platform is enveloped in secrecy. Our attempts to register were unsuccessful, as only pre-registered clients are granted access. Surprisingly, this circumstance can be viewed as positive, as it diminishes the likelihood of inexperienced traders being ensnared by them.
To mitigate the risk of losing invested funds, it is strongly advised to steer clear of dubious platforms and instead opt for a dependable trading platform like MetaTrader.
FXCR Review: Trading Instruments
The fraudulent nature of FXCR becomes evident through its lack of transparency regarding the trading instruments it offers. The information they provide about available trading instruments is notably limited, raising concerns for prospective clients.
Despite their assertion that FXCR provides access to cryptocurrencies, forex, commodities, and stocks, their portfolio seems to lack diversity. Consequently, if you are in search of a broker that presents a more comprehensive range of trading instruments, it is recommended to consider alternatives beyond this offshore entity.
Trading Accounts and Minimum Deposit Amount
This broker extends five account options: Basic, Standard, Silver, Gold, and Black, each accompanied by distinct deposit requirements. It’s rather ironic that FXCR mandates a minimum deposit from traders to access their purportedly exceptional trading services, even though they do not deliver a trustworthy trading experience and might lack a functional trading platform.
Furthermore, FXCR’s Starter account necessitates a minimum deposit of $250, while the Standard, Silver, Gold, and Black accounts call for deposits of $5,000, $25,000, $50,000, and $100,000, respectively. While a $250 deposit might appear reasonable, demanding such exorbitant sums from an unlicensed and unreliable entity is truly astonishing.
FXCR Review: Trading Conditions
FXCR lack of clear and transparent information concerning crucial trading conditions, such as spreads, raises concerns. The broker’s vague assertion of providing floating spreads is far from reassuring.
Employing tactics often associated with scams, FXCR entices potential victims with the allure of remarkably high leverage, reaching up to 1000:1. However, it’s important not to be swayed by their enticing offers.
While high leverage might appear appealing, it remains vital to ascertain the broker’s regulatory status. In contrast to reputable brokers, FXCR maintains a lack of transparency regarding its withdrawal policies.
If you’ve become a victim of the FXCR scam or encountered any form of fraudulent activity, assistance and a pathway to resolution are available. By submitting a complaint through our Scam Bitcoin platform, you can avail yourself of a free consultation provided by our team of specialists. Our team is entirely dedicated to assisting you in navigating towards a solution for your situation.