If you’re considering trading with Fxl Trade, it’s important to read our review first. We want to clarify that this is a review of Fxl-Trade.com specifically.
Is Fxl Trade a legitimate broker? Unfortunately, after examining their website, we discovered that they are not regulated by any governing agency. This is a major red flag, as it means that customers are not protected and there is a high likelihood that they could abscond with your hard-earned money without any repercussions.
How do these scams work? Typically, unregulated forex brokers operate in a similar fashion. They will call potential investors and use every tactic in the book to convince them to make an initial deposit. They might offer deals that seem too good to be true, such as doubling your initial deposit or earning hundreds of dollars per day with ease. Don’t fall for these schemes! After the initial deposit is made, clients are often handed over to a “retention agent” who will try to extract even more money from them.
It’s also important to note that any positive reviews of Fxl Trade that you come across online are likely paid for, so they cannot be trusted.
If you do decide to invest with Fxl Trade, it’s crucial that you submit a withdrawal request as soon as possible. However, be aware that withdrawing your funds from an unregulated broker can be tricky. They may delay the process for months on end, and if they manage to stall for six months, you won’t be able to file a chargeback and retrieve your money.
If you’ve already invested with Fxl Trade and they refuse to return your money, there are a few steps you can take. Firstly, keep all emails and correspondence as proof of your attempts to retrieve your funds. Then, consider performing a chargeback through your bank or credit card provider. This is the simplest way to get your money back and can also harm the broker’s relationship with payment service providers.
If you wired money to the broker, you cannot perform a chargeback. In this case, you should threaten to go to the authorities and file a complaint against them. You can also prepare a letter or email to the regulatory agencies for forex brokers in your country.
Leaving bad reviews on other sites can also help to warn others about Fxl Trade’s shady practices. If you’ve been a victim of their scam, please leave a review and comment on this site. If you receive a call from the broker using a new website, please let us know.
Also would help other to leave a negative review on their trustpilot reviews page in the link below:
https://www.trustpilot.com/review/fxl-trade.com
In conclusion, it’s essential to thoroughly research any forex broker or company before investing. We hope this review has been helpful in shedding light on Fxl Trade’s dubious practices. If you have any questions or need further advice, please do not hesitate to reach out to us.
