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FXtrading Corporation Is it scam or good crypto robot?

FXtrading Corporation Review - is fxtradingcorp.com scam or good crypto robot?

RATING: 1 / 1 REVIEWS FXtrading Corporation
Beware! FXtrading Corporation is most probably a scam!

 

General information

 

FXtrading Corporation is one of one of those shady providers in the trading world that offer some groundbreaking platform for automated trading in forex and cryptocurrencies, targeting mainly inexperienced investors.

 

Like most other crypto trading robots, FXtrading Corporation’s website is not very informative and features only a promotional video where their “offer” is presented. Obviously, they didn’t have much of a budget, as they didn’t even higher a native English speaker as a narrator.

 

 

Allegedly, the broker uses special artificial intelligence bots that will trade for you until you achieve 400% profit of the initial investment, which is supposed to happen within a year. Until then, clients of FXtrading Corporation are promised 2.5% daily profit immediately available for withdrawal, if they sign up for any of their investment plans. The minimum deposit required is $100.

 

Additionally, clients of FXtrading Corporation are offered various bonuses, and some gifts such as luxurious cars and watches. Besides, when they achieve the 400% profit goal, they get a renovation package.

 

 

Any verified track record?

 

As is usually the case with most crypto robot websites, FXtrading Corporation have provided no explanation on the auto-trading algorithm of their software, nor any proven track record of the historical performance. Instead, they have simply stated that their proprietary algorithm buys Bitcoin when it is cheaper, and sells when it is more expensive, while the customers “benefit by assuming the profit, which is deposited directly into their online accounts”.

 

 

FXtrading Corporation's platform. Click to view larger.

 

So, we cannot have any assurance whatsoever about the promised results and profits. By comparison, most forex trading robots and Expert Advisors (EAs) provide a track record of their historical performance as a proof that they are real and work as intended. Besides, some of the most popular social trading networks like ZuluTrade or eToro also provide such data. On top of that, these brokers are regulated and have been operating for years, while the corporate situation of FXtrading Corporation is utterly unclear.

 

 

Regulation and security of funds

 

Despite our thorough research, we did not find any information on the website regarding the registered address, the supposed company behind the operation, nor even the country of origin. Some sources suggest that the people behind the FXtrading Corporation are South Korean, but they seem to target investors from all over the world.

 

Nonetheless, such anonymity makes this financial services provider seem utterly unreliable. Whoever is the entity behind the website, it is not bound by any laws, nor fall under the oversight of any governmental authority. This also means that FXtrading Corporation’s operation on any regulated market, such as the USA, Europe or Japan, is illegal.

 

That being said, we also have to point out that the Spanish Comisión Nacional del Mercado de Valores (CNMV) has officially warned the public against FXtrading Corporation. Such clear-cut warning signs, together with the obvious lack of credible regulation, make us almost certain that this broker is just another fraudster on the forex and crypto market.

 

 

Precisely such crypto robot websites, promising quick and easy buck through automated crypto trading, mislead traders into registering and carelessly giving away their address, phone number and email. Minutes later, that same personal data is usually sent to some scam brokers, who start cold-calling registered traders, urging them to deposit. Needless to say, the crypto robots receive a commission for every trader who invest.

 

Given the number of investment scams in the trading world, regulation is the most important thing to look for in any financial services provider. If you are into Bitcoin, you’d better trade it on a regulated crypto-exchange or with a licensed forex broker.

 

 

>> Licensed Bitcoin forex brokers <<

 

 

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Traders` reviews for FXtrading Corporation

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scam alert

Dear All

I think this company is fraud. i have invested 101$ plan with 10$ registration on 2nd April 2019 but till now the amount is not showing in the site & there is no reply from support team as i have sent them the transaction detail. be-careful to invest. SCAM ALERT

shareef 04/08/2019
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