FXMarkets.live Review

Not yet rated
1 REVIEWS
Out of business
Updated: Jun 9, 2022
FXMarkets is a forex broker. FX Markets offers the MT4, MT5 and MT WebTrader forex trading top platform. FXMarkets.live offers over 60 forex currency pairs, commodities, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
FXMarkets.live false claims to be part of First Prudential Markets Pty Ltd group.  A representative of one of the brokers that is really with First Prudential Markets PTY says the company is taking legal action against FXMarkets.live.
Website is down. Company seems to be out of business.
FXMarkets.live
Out of business
Not yet rated
1 REVIEWS

Recent User Reviews of FXMarkets.live

R
ramantayal
Delhi, India,
Mar 8, 2021,
Registered user

This is fraud company

Service use: Live Length of use: 0-3 Months
This is a fraud company, please do not deal with them, they are doing scam. They allow only deposits & withdrawal via bitcoin whereas their website show multiple options for the same.
They never disclosed any terms and conditions, hidden charges and clear about their processes.
One of their account manager Wilfred Jones (linked in id - wilfred-jones-1b6129179) has approached me and convince that I should trade in forex and this is world best platform. Initially they ask me to deposit $300 via bitcoin, when I transfer the amount (assuming that this is a subsidiary company of First Prudential Markets Pvt Ltd, which is regulated by FCA). They start demanding more $700 as this is minimum amount which allow the trading.

I raise a formal complaint with the company and get the standard response, I still trust them and further deposit $700. As per Mr. Jones he trade on my account for two weeks and generate a profit of $73500, when I ask for trade details then both Mr. Jones and company give n of justification why trade information can not be visible to me.

They sent the formal email stating that trade has been complete and I should withdraw the profit by paying $5000 as brokerage via bitcoins. When I ask them to deduct the brokerage from profit, but they keep saying which is against the law. When I raise that why I was not tell about these charges and not all these information mentioned on your site, then they said its a standard process. After number of discussion, I paid this $5000 and ask them for the transfer. Suddenly they further demand $4500 in the name of tax, otherwise my amount cannot be withdrawn and I lost everything.
When I ask for tax details they have no idea, brokerage %, no idea, trade details (cannot be provided).
Mr Jones and their whatsapp chat executive keep demanding more money by showing lucrative profit. I found similar type of complaints against the bitcoin address they use

1NfpBao73m4wurwnobDETkHsGBmWbRkNNA
1PfKa9uUq87di9ya1u2hb8nZN9Zyr5kxTG
1KE7bTGSWnmpcMLbGdVJpT3f9Reh81eyEM

Please do not do any trade, they have lot of reservations in discussing there charges, operating model etc. it is a pure scam and I will raise the same with the regulators.

They also has lot of reservation in sharing terms and conditions, charges, customer benefits, account trading details, statement, which clearly highlight its scan and take money from innocent people
1 trader has found this review helpful