Beware! is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


At first glance, the website of might trick you into thinking that it is indeed the credible forex broker it claims to be. But a closer look dispels the good impression. This anonymous website is not a legally authorised broker and is undoubtedly aiming to scam you out of your money. In this review, we’ll show you how to tell the difference between scams and legitimate investment intermediaries. Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has. Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

As stated, is anonymous – nowhere is a company name mentioned, including in the text of the Customer Agreement.

A contact address in Ireland is given:

But the Terms and Conditions specify the Marshall Islands as the applicable jurisdiction. This offshore jurisdiction does not even have a financial regulator, making it a preferred base for financial fraud.

UK Financial Conduct Authority (FCA) confirms your suspicions about The regulator has issued a warning that this website is trying to impersonate a legitimate company.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

If you want to trade on financial markets without being scammed, you can turn to some of the legitimate brokers that actually operate from established financial hubs like the UK. These brokers have to meet stringent requirements for financial stability and transparency of operations imposed by the FCA.

They must provide clients with negative balance protection and to participate in a guarantee fund that covers up to GBP 85,000 of a client’s investment should the broker go into insolvency. These brokers are also required to keep their clients’ money segregated from their own operating funds in separate bank accounts. Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

There is no information about trading software – the most important tool for a forex trader – on the website. Account registration requires an invitation code, so we were unable to ascertain whether  has any trading platform. Genuine brokers offer easy Demo account registration, but some scammers do not allow free registration. The reason for this is that they prefer to select their potential victims themselves, usually through social networks and online forums.

If you use the services of a licensed broker, you will get the opportunity to use established software with advanced features and versions for all types of devices and operating systems. The most widely used trading platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies. Trading instruments

FXTMYesYesYesYesYes claims to offer a currencies, shares, indices and cryptocurrencies market. But we have no good reason to believe that this anonymous and unauthorised website offers real trading. Spreads and cost of trading
Spread EURUSD0.611.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

Genuine forex brokers provide detailed information about the trading conditions. Legitimate companies also offer different account types to suit clients with different experience, capital and investment intentions.  offers no such information, which is another indirect proof that we are dealing with fraud.

Another such piece of evidence is the claim that offers bonuses. Regulated brokers are prohibited from offering bonuses and promotions. Scammers often use promises of supposedly generous bonuses to tie their potential victims to extortionate terms. Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

Higher levels of leverage are only offered to professional clients who trade entirely at their own risk.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand. Deposit and withdrawal methods

Due to our inability to register an account, we were unable to ascertain what payment methods uses. Experience has shown that fraudsters direct their potential victims to cryptocurrency transactions that do not allow refunds to be requested.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller. Minimum deposit
Minimum depositN/A$5$10$5

There is no reason to take risks with suspicious websites like given that most legitimate forex brokers offer starter accounts with a very low entry threshold. Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal x1Not specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

In the Customer Agreement, we find a vaguely worded withdrawal requirement tied to the bonuses – “in order to make a withdrawal, you need to make a transaction amount equivalent to the bonus within 100 days”. Scammers use such clauses to block any withdrawal requests.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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