Before Trading with FXCMAB.com, See if FXCM is the Right Broker in this FXCM review and Why It’s on Our Broker Alert List
In this FXCM Review, we’ll delve into the reasons why FXCM (https://fxcmab.com/) has been flagged as a scam broker and why you should be cautious when considering their services. Notably, FXCM has been blacklisted by the Securities Commission Malaysia (SC Malaysia), a serious red flag for anyone considering this platform.
Website: https://fxcmab.com/
Website Availability: NO
Official Address: NA
Regulation: Unregulated
Warned By: Securities Commission (Malaysia)
Domain Status:
Name: FXCMAB.COM
Registry Domain ID: 2880286175_DOMAIN_COM-VRSN
Registered On: 2024-05-11T16:54:24Z
Expires On: 2025-05-11T16:54:24Z
Updated On: 2024-07-11T09:38:43Z
Understanding the FXCM Review Red Flags
The primary purpose of this FXCM Review is to shed light on the broker’s dubious practices. Despite its claims of offering a robust trading platform and lucrative opportunities, FXCM (https://fxcmab.com/) has been associated with numerous complaints and allegations. The broker’s inclusion on SC Malaysia’s blacklist indicates potential fraudulent activities or violations of regulatory standards.
SC Malaysia’s Blacklist
One of the most significant warnings highlighted in this FXCM Review is that the broker has been blacklisted by SC Malaysia. This regulatory body oversees the securities and derivatives markets in Malaysia and ensures that brokers comply with strict legal and ethical standards. Being blacklisted means FXCM does not meet these criteria, raising serious doubts about its legitimacy.
Lack of Transparency
In our FXCM Review, we found that the broker’s website, https://fxcmab.com/, provides little clarity about its licensing or regulatory oversight. A legitimate broker will prominently display its licensing information and adhere to the rules set forth by credible regulatory bodies. The absence of such information is another glaring issue.
Customer Complaints
Another critical aspect of this FXCM Review is the numerous customer complaints regarding withdrawal issues, unfair trading practices, and unresponsive customer support. These complaints suggest that FXCM may be more focused on luring traders with false promises than providing reliable services.
Why Being Blacklisted Matters
Regulatory blacklists, such as the one maintained by SC Malaysia, exist to protect traders from brokers that may engage in unethical or illegal practices. In this FXCM Review, it’s essential to emphasize that trading with a blacklisted broker exposes you to significant risks, including loss of funds and lack of legal recourse in case of disputes.
Final Thoughts on FXCM Review
This FXCM Review highlights the serious concerns surrounding FXCM (https://fxcmab.com/), including its blacklisting by SC Malaysia, lack of transparency, and negative customer feedback. Traders should avoid this broker and opt for reputable alternatives that operate within the framework of regulatory compliance.
At Fraud Complaints, we are dedicated to assisting individuals who have been misled by fraudulent brokers and other deceptive schemes. Our team of experts works to help victims and provide a free consultation.
Be aware of other potential schemes in the trading world, such as Forex Trading Scams, Cryptocurrency Scams, Pump and pump-and-dump tactics, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Binary Options Deceptions, and more. If you have fallen victim to any fraudulent schemes, including those related to FXCM, take action immediately to protect your funds.
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Note: The FXCM review is influenced by some existing FXCM reviews online and we have created an original FXCM review based on known facts. We are not responsible for any legal actions taken by any entity favoring FXCM company.