Fake FX Global - Scam Report
fakefxglobal.com•Reported: 1/15/2024•Unknown
Very High Risk
Active Scam
DANGER: This broker has been confirmed as fraudulent. Do not deposit any money with this company. If you have funds with them, contact your bank and local authorities immediately.
Executive Summary
Multiple reports of withdrawal problems and fake regulatory claims. Users report being unable to withdraw funds after initial deposits.
Fake FX Global has been operating as a fraudulent forex broker since early 2023. The company claims to be regulated by multiple authorities but investigation reveals all regulatory claims are false.
How They Scam Traders
- Claims fake regulatory licenses from FCA and CySEC
- Allows initial small withdrawals to build trust
- Blocks large withdrawal requests with various excuses
- Uses high-pressure sales tactics to encourage larger deposits
- Manipulates trading platform to show false profits
Scam Timeline
3/15/2023
First complaints received about withdrawal issues
6/20/2023
Regulatory investigation confirms fake licenses
9/10/2023
Website temporarily shut down, reopened with new domain
1/10/2024
Official scam warning issued
1/15/2024
Added to scam broker database
Red Flags to Watch For
Unverified regulatory claims
Aggressive marketing tactics
Unrealistic profit promises
Poor website design and grammar errors
No physical office address provided
Evidence Collected
- Screenshots of fake regulatory certificates
- Email communications showing withdrawal denials
- Trading platform manipulation evidence
- Victim testimonials and financial records
Impact Statistics
340
Affected Traders
$2.3M
Total Reported Loss
156
Filed Complaints
Reported Issues
Withdrawal issues
Unregulated
Fake licenses
Poor customer service
Take Action
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