As shown on its website’s footer, Luxe Capitals claims that it is regulated by the FCA, UK’s official regulator, and CONSOB, Italy’s official regulator. These are two strong claims; hence, we had to conduct verification.
Scam Brokers
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FXglobalfinance – Are They Trustworthy?
Last updated: January 23, 2021, 1:39 am Scam BrokersFXglobalfinance offers four types of accounts for newbie and pro traders. Depending on the level you want, you can choose from the following trading accounts.
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Broker Unity – Can You Trust Them?
Last updated: January 21, 2021, 9:19 am Scam BrokersIn order to open a trading account with Broker Unity, you need to register on their website. Upon registration, you’ll be asked your complete name, country of residence, phone number, and email address.
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ForevereFX – Is It Trustworthy?
Last updated: January 21, 2021, 8:59 am Scam BrokersWith its high capital requirement, mediocre trading platform, and many red flags this broker has displayed, we don’t see any advantage for traders investing with this firm. Don’t risk your money with this unregulated broker.
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Tradinggram – Is Your Money Safe With This Firm?
Last updated: January 21, 2021, 7:02 am Scam BrokersAfter we examined the firm’s website and its legal provisions, we can say that it’s not worth it to risk your money with them.
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ExpertCoinTrade – Is It a Scam?
Last updated: January 19, 2021, 5:49 am Scam BrokersIts website displays a registered physical address at Birmingham, UK. However, this doesn’t prove its legitimacy as a firm. In addition, its Terms and Conditions page only has three paragraphs that mainly focus on activity restrictions and accounts.
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LiveFxTm.com – Are They a Scam?
Last updated: January 19, 2021, 5:28 am Scam BrokersThis broker has not provided any information on the types of accounts it offers its customers. There is also no information on the trading conditions. Thus, we cannot give you information with regard to the leverage ratios, the spreads, or other necessary details.
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FXOptexGroup – Can You Trust Them?
Last updated: January 19, 2021, 4:47 am Scam BrokersFXOptexGroup offers its clients two different account types – one for the individual traders (called the Lord Knight accounts) and one for the exclusive or high net worth traders (called the Royal Highness account).
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Nekstra – Are They Trustworthy?
Last updated: January 19, 2021, 4:49 am Scam BrokersThere is no information provided on the broker’s website about the spreads; all it says is that you need to contact your account manager to find out about the spreads for the Basic and Bronze accounts.
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Ecoinsvip – Can You Trust Them?
Last updated: January 12, 2021, 4:05 am Scam BrokersThe first thing we checked is the company’s regulation status. Ecoinsvip claims that it is operating under the laws of the UK. However, upon further inspection in its Terms and Conditions page.