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FXBreeze Review - is it scam or safe?

FXBreeze Review - is fxbreeze.com scam or good forex broker?

RATING: 1 / 9 REVIEWS FXBreeze
FXBreeze is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account  Minimum deposit Maximum leverage Spread
Standard N/A 1:500 3 pips, fixed

 

FXBreeze is an unregulated Estonian broker that offers trading in forex and wide range of CFDs on a web-based trading platform, as well as on the MetaTrader 4. It appears to offer a single account with fixed spreads and high leverage levels. Read on to understand why we gave it such a poor rating.

 

 

FXBreeze Advantages

 

MT4 (allegedly) available

The MetaTrader 4 (MT4) is so popular among traders for a reason. This piece of trading software provides a full range of tools and features: great charting, numerous built-in technical indicators, Expert Advisors (EAs) and extensive back-testing environment. Besides, traders can download ready-made or create their own EAs (and Indicators) and let the program do all the work.

 

Yet, having in mind that over 80% of all forex brokers support the MT4, FXBreeze is definitely not the best choice.

 

 

>> Find a better MT4 broker <<

 

 

Wide range of CFDs, including on cryptocurrencies

FXBreeze also has a rich and diversified product portfolio, consisting of numerous currency pairs and various CFDs. The latter, of course, include the hottest assets on the market – cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, etc.

 

 

>> Trade Bitcoin with a regulated forex broker <<

 

 

Up to 1:500 in leverage

Although leverage is a controversial part of forex, it is still necessity for effective trading. Those seeking high ratios will find 1:500 at FXBreeze, which is enough for all trading styles. Keep in mind, however, that high leverage levels may be dangerous to newbies and those who don’t know how margin trading works.

 

 

FXBreeze Disadvantages

 

Not licensed, regulatory warning against it

FXBreeze is owned and operated by Ten Barosh OU – a company headquartered and registered in Estonia, which, however is not licensed by the Estonian Financial Supervision Authority. What is worse, the latter has officially warned the public that this firm as not authorized to provide investment services in Estonia. The regulator also states that the company has another website, through which offers trading in derivative products - cryptatrade.com

 

 

Click to zoom in.

 

This is a major red flag regarding FXBreeze. Most unregulated brokers, and especially those blacklisted by financial authorities, are involved in investment scams.

 

High fixed spreads

The cost of trading with FXBreeze is quite high, which, of course, is another disadvantage. When testing the broker’s web platform, we found the spread on EUR/USD fixed at 3 pips.

 

 

Click on the image to get a larger view.

 

By comparison, most fixed-spread brokers offer a spread of 2 pips for this pair, and some go even lower. For example, one can trade with 1 pips fixed spread on EUR/USD with Cypriot broker easyMarkets.

 

No demo MT4

This is not a serious drawback, yet we find it strange that FXBreeze does not offer free testing service on its MT4. Most traders prefer it and would rather open a demo account on the MT4, then on some unproven web interface.

 

 

Conclusion

 

Our major concern with FXBreeze is the lack of regulation and the fact that it was blacklisted in the country of its registration, Estonia. On top of that, the cost of trading with this broker is quite high.

 

If you deal with a broker that is not regulated, you are open to a substantial risk. Such companies don’t have to abide to strict rules and are basically free to do whatever they like with your account and your money. That is why we advise our readers to avoid unregulated brokers and invest only with firms that are licensed by reputable authorities, such as the UK’s FCA, or Australia’s ASIC.

 

 

>> A list of FCA-authorized forex brokers <<

 

 

To sum up our review on FXBreeze:

 

Pros Cons
MT4 available Not licensed, blacklisted by the Estonian financial regulator
Wide selection of tradeable instruments High fixed spreads
High leverage No demo MT4

 

Latest news about FXBreeze
No news about FXBreeze . Check back later.
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Traders` reviews for FXBreeze

Spread

Pros

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Slippage

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Requotes

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Price feed

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Platform

Pros

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Deposit/Withdraw

Pros

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Customer service

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Summary

Pros

Cons

 

 

fxbreeze.com - real cheat and scam

SCAM
It a real cheat and scam. Anybody willing to join me to go to THW real address, got the real namens of the directory as well. Aiming for getzing back the money.

Helmut 05/16/2019

FXBreeze Betrug

Man wird gelockt mit Versprechungen und fingierten Zahlen. Afängliche Gewinne dann Investitionen dann Verlust.Telefonterror.Bitte Finger davon lassen man verliert sein Geld zu 100%

Translated by Google:

Scam
One is lured with promises and fictitious numbers. Afgital profits then investment then loss.Phone terror.Please keep fingers off you lose your money 100%

Norbert Wissler 04/10/2019

fxbreeze warning

This is a scam company they don't give withdraws. You have been warned.

john Peterson 04/09/2019

FXBreeze - Betrug über 40000

Her Stephan Goethe hat mich um 40000 euro betrogen wollte Auszahlung machen und dann hat er mein Konto mit nur einem Trade platt gemacht zu hohe Lots
Meldet sich niemand mehr beim Support

Translated by Google:

Her Stephan Goethe cheated me for 40000 euro wanted to make a withdrawal and then he has flattened my account with only one trade too high lots
Nobody logs on to support anymore

Michael Schmaeing 02/12/2019

How to get back the invest money

After so many calls from Mrs. Mia Sevenson I deposit 1000 euro.I would like to close this account what do you suggest to do? Can I take a legal action if I can't get part of my money back?
Thank you for your help

Moreno Magrini 01/27/2019

FXBreeze Reclamo

Ho depositato su conto 200euro ma per motivi gravi di salute ho dovuto chiedere interruzione del trading dopo 20giorni circa . Sono stata insultata dal broker,come persona poco seria brutta inaffidabile,inoltrei ha chiuso il telefono non volendosi restituire i miei soldi come mi era stato detto, chiamo ogni giorno mi chiudono la conversazione. Che dire non sono io poco seria. Comincerò una propaganda negativa ovviamente


Translated by Google:

I deposited on account 200euro but for serious health reasons I had to ask for an interruption of trading after about 20 days. I was insulted by the broker, as a non-serious person untrustworthy ugly, also I closed the phone not wanting to return my money as I was told, I call every day I close the conversation. What can I say, I'm not serious. I will start a negative propaganda of course

Alessandra Teresi 01/05/2019

FXBreeze - A total scam, legal action will be taken

They refused to process my withdrawal. Instead, they ended up making a loss on all my money. When I asked about it, they were rude and unprofessional. The agent went on to be very horrible to me as he made statements such as "why are you so broke?" "you're making me laugh" "your money is all gone, why are you asking me stupid questions".

I feel very cheated and a victim of a financial crime as I was initially informed that I would lose no more than 10% of what I put in. Only for them to not allow me to withdraw my funds.

Please stay away from them.

Deborah 12/10/2018

thrust

I have invested more than 10000 euro into this Company plattform and my broker has lifted the account to a much higher level. I cant find the Company on their given address, and they dont respond on any email. When i asked for a withdrawal of a little more than my initial deposit my account manager got upset and said he didnt want to trade for me any more. How can i get thrust in a Company that dont exist on their given address and never takes the Telephone?


Regards


Aksel

Kjell Hornslien 12/04/2018

Scam company

This company is a scam. Do not use under any circumstances

M Taylor 11/20/2018
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