Thinking of getting into business with FinCropFx? Here is what you must know about this broker. Carefully read this review to find out if fincropfx.com is the trading platform you will want to trade with.
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About FinCropFx Broker
FinCropFx is an offshore brokerage company with a lot of promises for traders. The broker address shows London, England.
The broker offers different products such as forex (50 global currency), metals, energies and indices. In addition, it claims to provide security, instant exchange and expert support.
To clarify, regardless of the trading instruments FinCropFx claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
fincropfx.com: Reasons to Avoid This Broker
Firstly, fincropfx.com is a platform with no financial authority overseeing its financial services. We discover FinCropFx is not worth your money because UK financial regulator Financial Conduct Authority (FCA) does not approve this broker on its database to be among its licensed entities.
Secondly, we noticed fincropfx.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
We find no specific information on FinCropFx withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
FinCropFx minimum deposit is not available for traders.
As for the payment methods, there is not to discuss on that. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
FinCropFx Platform
FinCropFx claims to offer Web Based Trader and MT5 (Industry standard trading platform), however, the option of MT5 doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, the broker leaves us empty. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
FinCropFx Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is fincropfx.com a Reliable Broker?
No, fincropfx.com does not seem like a reliable broker for traders even though it promises offers that look good to be true. The broker seems not to be interested in providing relevant info that are needed for trading.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
We owe our readers the duty to fish out scam forex brokers as well as share reasons to look out for. For now, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
