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FXTG

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

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    Broker FXTG – company assessment, analysis of reviews, ex-clients about how the company scams money

    A broker with a fake registration, but actively insisting on his honesty and professionalism. The service supposedly provides customers with a high level of information content and reliability.

    Status

    SCAM

    Year of foundation

    2005

    Affiliate program

    Yes

    Regulation and jurisdiction

    SFSA

    FSCA

    VFSC

    CySec

    Website

    http://fxtg.com/

    Contacts

    +61 3 9020 2175

    [email protected]

    [email protected]

    Degrees Markets Ltd, Room 12, First Floor, Kingsgate House, Victoria, Mahe, Seychelles

    Pros
    • A mobile application is available for permanent access to the platform
    • 24/7 support service for traders
    • There is a demo account and an affiliate program
    Cons
    • There is no information regarding the founders of the financial company
    • Constant problems with the trading platform Lack of regulation
    • There is no educational platform for beginners
    • Limited amount of information regarding available deposit and withdrawal methods
    • Numerous negative comments about the project
    Trading Platform

    MetaTrader4 (MT4)

    MetaTrader5 (MT5)

    Mobile Platform

    Types of accounts

    Demo Account

    Mini Account

    Standard+ Account

    PRO Account

    ECN Account

    Currency

    USD, EUR, BTC, ETH, XRP, USDT

    Deposit/withdrawal

    Credit cards Visa/Mastercard/Maestro

    Binance Pay e-wallets

    Cryptocurrency

    International payment systems PayPal, WebMoney, SticPay

    WireTransfer

    Min Deposit

    $5

    Spread

    From 0.0 points (fixed and floating)

    Financial Instruments

    Cryptocurrency, currency pairs, index CFDs, commodities, precious metals, international stocks, energy, Forex

    Order execution

    Market Execution

    Liquidity Provider

    First tier banks

    Bonus

    Loyalty program, bonuses up to 25%

    History of FXTG

    Based on the information provided on the official FXTG website, we were able to find out several facts. The project was launched in 2013. It was initially positioned as a reliable forex broker, attracting the attention of investors with its trading policies and promises of high returns. The broker’s goals and mission seemed aimed at providing affordable and convenient trading services with a minimum deposit of $250 and various options for depositing and withdrawing funds.

    However, over time, serious questions have arisen around FXTG’s activities, especially regarding its transparency and compliance with the law. According to legend, the broker was registered in Australia, but it is important to note that the company does not have a footnote to an official license, which is a critical aspect for any financial institution seeking to ensure the reliability and legality of its activities. At the same time, the anonymous authors of the project continue to talk about their reliability. Is this true in practice? Definitely not. Because without a license, you can forget about honesty and transparency. Although the site very often places emphasis on this.

    Terms of cooperation

    Regarding what was found during the review process FXTG, specific details about account types, limits, assets, terminal available and instruments provided are not mentioned. The focus is on empty phrases and statements that carry no value. Of course, in this way the company can further manipulate clients in a way that is beneficial to it.

    We were able to find a mention that FXTG uses the WebTrader terminal for trading operations, but details about the functionality of this terminal or specific trading instruments are not provided.

    There is no user agreement on the official website of FHTG. The scammers posted a couple of documents on the official website, which in fact do not describe in detail the intricacies of cooperation. There are several provisions regarding the terminal and the refund is briefly described.

    Expert opinion

    Eugene Rudenko

    FXTG has been providing services since 2013. Allegedly, the company, originally from Australia, represents a Forex broker that initially positioned itself as a reliable platform for trading on the foreign exchange market. With promises of high returns and a minimum deposit of $250, the broker attracted investors with various deposit and withdrawal options, aiming to offer convenience and accessibility to its services. However, despite these promises, over time, serious questions have arisen around FXTG regarding its transparency and legal compliance, especially given the lack of an official license. This raised doubts about the reliability and legitimacy of the broker’s activities, undermining investor confidence and jeopardizing their financial well-being.

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

    FXTG Reviews

    There were no problems finding comments. There are plenty of responses, which allows you to study the peculiarities of the broker’s functioning and the implementation of the stated promises.

    Regarding the most common complaints, mostly clients were left without money. Opening a personal FXTG account brings only losses. The office does not allow you to withdraw money, it feeds you with promises.

    Danko took a net profit of up to 85%, since the manager guaranteed him such earnings. But it turned out to be a phony.

    There are a lot of stories about how administrators for a long time try to deceive traders into replenishing their accounts.

    In case you believed the scammers and topped up your balance, remember thatget your money back Can. There is a chargeback or forced cancellation of the transaction. Our consultants are ready to tell you what it is and how it is done.

    FXTG Divorce Scheme

    The office operates on the basis of the following algorithm:

    • attracting investors with promises of high returns;
    • lack of transparency and compliance with legislation;
    • systematic deception of clients. User reviews have revealed a tendency towards systematic deception of customers by the company. Examples include the inability to return funds, accusations of siphoning off funds on the eve of project closure and losing significant amounts of money;
    • difficulties with withdrawal of funds and lack of support. Investors faced problems when trying to withdraw their funds, as well as a complete loss of service from the company.

    In general, opening a personal account on fxtg.com is a serious mistake. You will simply give your money to scammers.

    Verdict on FXTG

    During the review process, we receive the following signs of fraud: 

    • lack of regulation. The Central Bank of the Russian Federation knows nothing about the activities of the office;
    • problems with withdrawal of funds. Lots of complaints from customers indicating problems with withdrawing money. There are various tricks used by managers;
    • promises of high income without risks. FXTG attracted clients and guaranteed stable profits with minimal or no risks;
    • opacity of terms of cooperation. Lack of clarity and transparency in the terms of cooperation, including unclear terms on trading operations, commissions and other important aspects, may also indicate fraud;
    • sudden cessation of activity and disappearance of the company. Most likely, management has launched a new project or will rebrand the site.

    These signs of fraud should discourage potential customers from contacting the kitchen.

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    FAQ

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    How do customer reviews influence FXTGon 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 FXTG on the main broker profile page.

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    How to write a review about cooperation with FXTGOnline 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 FXTG.

    Reviews

    All Reviews

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