FxCast.com Review

2.434 • 27 REVIEWS
Out of business
Updated: Apr 13, 2022

Caution:  There are now two FPA Traders Court guilty verdicts against this FX Cast.  A message about the second case sent to FXCast by the FPA bounced.  The FPA recommends an extremely high level of caution dealing with this company unless these issues can be resolved.

2009-01-06 Note: FX Cast sent us their definition of scalping.

"If a customer always trades within the 10 minutes timeframe we define him as scalper. If he trades a normal style and normal style means that he trades for profitable trades between minutes and days then short time trades may happen due to market conditions. This is the trading we support best. And from our experience 99% of traders trade like this.

The problem with scalpers is that this style of trading is often done by inexperienced traders who do not really know what they are doing. And so called sclaping machines publish their success  but most of them lose only the money of their users."

2008-03-16 - We removed a review which indicated that FX Cast was in liquidation. Evidently, there is another company in another country with a similar name. FXCast.com is not in liquidation.


Website is down. Company seems to be out of business.
FxCast.com
Out of business
2.434 • 27 REVIEWS

Recent User Reviews of FxCast.com

M
Mostafa
Cairo, Egypt,
May 17, 2014,
Guest

Issue escalated to Traders Court CBuilder vs fxcast.com | GUILTY
I have opened an account a year ago and deposited 500 usd and left it for a while, i am trying to log into my web cabinet now, but the link is dead, they are not responding to emails, thier live chat is always offline, they dont have phone number and they are not responding to call back request!
C
can
turkey, Turkey,
Jul 25, 2013,
Guest

İnternet connection too bad. to many connection out problem .
After a few monts didnt trade , My mt4 account disabled . they wanted to verify but i did it when i opened account in fxcast . They give me the link "http://www.surplus.mu/claim/" for upload docs. But IT IS NOT HTTPS:.... IT IS ONLY HTTP:.... THIS IS NOT SECURELY WAY FOR UPLOAD. However i made . Stil I am waiting waiting waiting their approving .

Keep away from fxcast . They are blocking accounts and keep your fund in company.
U
Uloko
, Nigeria,
Mar 5, 2013,
Guest

I have been trading with fxcast now for over 2 years. Initially I was losing trades and had no problem with the broker until December last year 2012, when I made fresh deposit, and traded a few times. obviously my trading improved and seem to be doing well. I am a swing trader. Then all of a sudden they changed my verification status to Non verified and blocked me from trading. I contacted them to know why, they told me to send in my drivers licence signed and verified by public notori, which I did even though I new nothing was wrong with the one I have been using with them all this while. I did what they asked me do anyway, yet nothing had changed, I then contacted their Nigerian office and complaint, they told me to wait that work was on on their site, I waited still nothing happened, then I sent a mail again to their head office through my acct portal, they replied that I should wait that they will re-verify me soon that at the moment they had much work at hand, This continued up till feb 2013 ending. Then I sent another mail, and another, no more reply, I called but my calls were been rejected. I feel really sad and cheated. I am short of words, and still finds it difficult to believe that this is happening to me. I am still refusing to believe that this could be scam from fxcast. I hope it is not. I keep my fingers cross to see what will happen or what they will do. If my worse fears are confirmed, then really this is a wicked world. If any fxcast is seeing this post, and wants to disprove that fxcast is real, then they should at swiftly by verifying all pending issues. This is not good for any body, fxcast has lots of good and loyal clients from Nigeria, and if nothing is done urgently this could ruin their business in Nigeria. I know many other friends of mine that I introduced to fxcast that have this same problems now, and these can not be a mear coincidence. Fxcast, I hope you will act fast. Thanks
D
Dwi Forex
Auckland, New Zealand,
Nov 23, 2012,
Guest

Issue escalated to Traders Court Duwi vs. FxCast.com | GUILTY
My withdrawal request has not been executed. I sent the request on 30 Oct 2012. They keep telling me "Withdrawal will be done with in few days"
F
FXcast Support
Mauritius,
Nov 10, 2010,
Guest

The negative comments here show indeed that broker ratings are never an objective statement and often from customers which think Forex is a shop where you always win.

A customer who loses his deposit during months of trading suddenly says the broker is guilty. Other customers never saw any manipulation, never saw any freezing. And we express our strong protest that none of these claims ever happens. We had some minor downtimes but this was due to server problems and nobody can ever foresee when this happens.
We only can do our best to avoid this. On the other side customers experiencing a loss through server problems will get a compensation for it when they claim.
It is also well known that Nigeria has one of the worst internet infrastructures. And downtimes of connections are absolutely normal there. Even in Lagos this happens every day.

We hope that comments like this one from Destiny are no serious reason for anyone who tries to make a decision for a broker.

Your FXcast Team.
Comment like this are unqualifierd and cannot tell people anything useful about a broker.
E
Emeka
Nigeria,
Nov 10, 2010,
Guest

Hello Destiny, Why done you stop blaming your loses on brokers and face the bitter truth, you don't know how to trade. I have been using fxcast for over 3year with out any issues, on my opinion they are the best.

It's a well known fact that we have a very poor internet connection in Nigeria, and this affect our trading negatively during News times.

We also lost money in our account some times - but this was our problem and we do not blame the broker for it.

Destiny once you don't take responsibility you can never be a good trader

Cheers
J
JOHAN G
COSTA RICA,
Nov 10, 2010,
Guest

My Platform not freeze never, and is so fast, for me fxcas is one of the better broker, I think are very honest and serius broker.

2009-08-26 09:53 5 Stars I have some years with FXCAST and never have any problem, withdrawals are very fastest, and deposits too. For me is the better broker, they are good and trusthly .
For me the BETTER!!!!
D
Destiny
Lagos Nigeria,
Nov 3, 2010,
Guest

fxcast are scammers they fries the server during big news like the last AUS rate decision i was unable to tread that event,they fries the server and they manipulate price and slow execution of order
M
Matt, FXcast-UK
United Kingdom,
Oct 10, 2010,
Guest

Hi, I have just looked over some of the posts on the forum, Any UK and Ireland users of FXcast please if you have any issues or problems get in touch with myself (UK & Ireleand partner for FXcast). We have an Office based in england contact phone no and such and are more than happy to help and answer any questions you may have.

You can find the contact details on the FXcast Website.
S
Susanto
Indonesia,
Aug 26, 2010,
Guest

I have account with fxcast (acc # 294728) and have been trading with fxcast for quite some time. On July 2010 I was selected as the winner of fxcast hall of fame for July and awarded credit $ 3000. I can recommend fxcast as a very reputable broker that really honor profitable traders and don't steel their money. Good trade execution and good customer service. I am very happy to trade with fxcast.