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FXall

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    SCAM broker FXall – evidence of fraud, reviews of lack of payments

    According to the creators of sharaga, FXall is a leading independent provider of electronic trading in the international foreign exchange markets, currently part of Thomson Reuters. This platform offers its services to more than 1,300 institutional clients, providing them with complete control over the trading process and transparency of trade execution.

    The office administration blatantly lies to clients, telling them about fictitious prestige and some kind of security. In reality, we have before us an ordinary kitchen, created to cheat newcomers out of money. No one has yet managed to make money trading on the site.

    Status

    SCAM

    Year of foundation

    2012

    Regulation

    CFTC

    Affiliate program

    No

    Website

    https://fxall.com

    Contacts

    909 Third Avenue 10th Floor New York, NY 10022

    +1 646 268 9900

    Pros
    • Low entry threshold
    Cons
    • Illegal activities
    • Fraud with quotes
    • Customer complaints
    Trading Platform

    MetaTrader 4

    Types of accounts

    STP/ECN

    Min Deposit

    $100

    Currency

    USD, EUR, GBP, CHF, JPY

    Deposit/withdrawal

    Bank transfer, credit and debit cards

    Leverage

    1:100

    Spread

    2-3 pips

    Min order

    0,01

    Financial Instruments

    Currencies, stocks, indices, cryptocurrencies

    Bonus

    No

    History of FXall

    The company was founded in 2000 by a group of leading global financial organizations:

    • CSFB, Bank of America; 
    • Goldman Sachs Group Inc; 
    • J.P. Morgan & Co; 
    • HSBC Holdings Plc; 
    • UBS Warburg LLC; 
    • Morgan Stanley Dean Witter & Co. 

    This alliance of major banks and financial institutions has created a powerful electronic trading platform, offering institutional clients worldwide the ability to conduct spot, options, forward and swap transactions, as well as portfolio trading.

    A very loud statement that is absolutely not supported by real documents. The listed brands are used by scammers solely to gain the loyalty of the target audience to FXall official website a supposedly prestigious broker is more reminiscent of another fly-by-night garbage dump that will disappear after the first difficulties.

    Since its founding, sharaga has allegedly been actively developing, attracting more and more clients and expanding the range of services offered. In 2012, the company was acquired by Thomson Reuters, one of the world leaders in information technology and e-commerce. This step allowed the office to strengthen its position in the market and expand opportunities for its clients using the resources and technologies of Thomson Reuters.

    The scammers chose not to specify what exactly business scaling involves. They rely on empty statements because they make it much easier to manipulate the opinions of gullible users.

    Regarding legal registration and financial regulation, FXall registered in the USA and regulated by the Commodity Futures Trading Commission (CFTC), which confirms its transparency and reliability as a financial intermediary. The company also follows the EU Markets in Financial Instruments Directive (MiFID), ensuring a high level of investor protection and financial market integration.

    At the same time, the scammers themselves hide the certificate of incorporation and financial regulation license, which raises a lot of doubts about the legitimacy of the project. The office poses as a reputable broker, but conducts business in the style of a cheap Forex kitchen.

    FXall trading conditions

    The scam promises high-quality electronic trading services, providing access to a wide range of financial instruments in international foreign exchange markets. Thanks to collaboration with Thomson Reuters, FXall uses advanced technologies and trading platforms, which allows traders to implement their strategies at a high level.

    There is no specific list of declared innovations. Scammers simply made up loud promises and now want everyone to take their word for it.

    Sharaga provides access to several trading platforms, including MetaTrader4, one of the most popular platforms in the world. MT4 is known for its reliability, ease of use, and extensive analytical capabilities. Clients can take advantage of all the advantages of the terminal, including a variety of indicators, graphical tools and the possibility of automated trading with the help of advisors. The scammers prudently hid information about liquidity providers because they prefer to manage quotes themselves.

    The online scam offers different types of trading accounts, tailored to the needs of different categories of traders. Clients can choose accounts with different trading conditions, including different leverage levels, spreads and minimum deposits. This allows both beginners and experienced traders to find optimal conditions for implementing their trading strategies.

    Trading options:

    • minimum deposit: you can start with a capital of $100, but the entry threshold will vary depending on the selected account type;
    • leverage: 1:100, which is a violation of the requirements of reputable regulators. This calls into question cooperation with American auditors;
    • spreads: 2-3 points, which is noticeably higher than the market average. In addition, the sharaga retains additional commissions;
    • instruments for trading: currency pairs, metals, indices and other assets, providing traders with ample opportunities for portfolio diversification;
    • support: 24/7 support and access to educational resources, which helps improve your skills and trading efficiency. In reality, everything is more prosaic. Technical support managers often ignore user requests.

    On RuNet, traders complain about the terms of service FXall personal account the investor very quickly turns into a suitcase without a handle, which is difficult to carry, but also a pity to throw away because of the money invested in trading. The commercial proposal of the project is very superficial. It has no competitive advantage.

    Bringing the fake FXall broker to light

    The founders of the scam lied. They can be easily caught in lies. The scammers are not going to stick to their own guarantees. The office is allergic to responsibility to clients. Main signs of fraud:

    • unrealistic promises of high returns with minimal risks. Any experienced trader knows that in financial markets, high returns are always associated with enormous risks. If a company promises guaranteed large profits without risks, this should raise red flags;
    • lack of a license from the regulator. The Forex kitchen is hiding behind a non-existent license. There is no documented evidence of cooperation with the CFTC auditor;
    • problems with withdrawal of funds. One of the most obvious signs of fraud is the difficulty or complete impossibility of withdrawing funds from the account. A fake broker comes up with various excuses, demands additional commissions, or completely ignores clients’ requests;
    • non-transparent trading conditions and hidden commissions. Fraudsters use terms of cooperation that are difficult to understand, which hide additional commissions and restrictions for traders;
    • aggressive marketing methods and pressure on potential customers. A fake broker actively pushes its services using spam, calls from unknown numbers and other annoying promotion methods;
    • reviews and complaints on the Internet. Traders negatively assess the prospects for working with the platform. Investors suffer losses, and the sharaga tries to hide any responsibility;
    • low-quality website and lack of contact information. The scam site objectively needs improvement; some important data is missing.

    Traders should avoid dealing with FXall investments in the drain scam will end in losses. Experienced scammers leave no chance for their clients.

    Expert opinion

    Eugene Rudenko

    The broker has undergone 3 rebrandings, hides information about registration and regulation, says nothing about liquidity providers – the listed factors are clear evidence of fraudulent activity. The project is doomed to failure. Therefore, it is better for beginners not to mess with FXall.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Reviews of the drain broker FXall

    Users actively publish complaints against FXall reviews devoted to almost all aspects of activity. The broker does not have a single real advantage if we compare it with competitors.

    The first and most obvious sign of problems is difficulties with withdrawing funds. Several users have reported being unable to get their money back after trading, which is a classic sign of fraudulent activity. Accounts being blocked without explanation, delays in processing withdrawal requests, and support requests being completely ignored are all serious complaints.

    The second point that is worth paying attention to is the overall quality of the services provided. Reviews indicate problems with the platform, such as slowdowns and technical glitches, which can significantly reduce trading efficiency and affect transaction results.

    The third aspect is the lack of adequate communication on the part of the company. Insufficient information about the terms of cooperation, lack of feedback and reviews, as well as ignoring customer requests from technical support create the impression of opacity and unreliability of the broker.

    Finally, the general impression from the reviews suggests that FXall uses schemes typical of financial pyramids, such as constantly attracting new deposits without a real possibility of withdrawing funds. Such actions not only damage the financial condition of clients, but also undermine confidence in the Forex market as a whole.

    Conclusion

    No one has any arguments in favor of cooperation with FXall review broker confirmed initial concerns about fraud on the part of the company. If you have already made a deposit on this drain platform, then be sure to let us know. Our experts know how to get money back from fraudulent broker.

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    FAQ

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    How do customer reviews influence FXall on the company's rating?

    Customer reviews are one of the main criteria influencing the reputation and position of a broker in the ranking of reliable companies. You can view reviews about FXall on the main broker profile page.

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    How to write a review about cooperation with FXall Online Forex rating?

    You must register on the official Forex Rating website. This procedure is free and will take very little of your time. To confirm your registration, you will receive an email with a link where you will find detailed instructions on how to leave a review about the company FXall.

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