This Fxstrategycenter review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
Fxstrategycenter Broker Overview
- Website: https://fxstrategycenter.com/
- Website Availability: YES
- Headquarters Country: NA
- Owned By: Fxstrategycenter Company
- Domain Age:
- Name: FXSTRATEGYCENTER.COM
- Registry Domain ID: 2922208969_DOMAIN_COM-VRSN
- Registered On: 2024-10-03T07:13:10Z
- Expires On: 2025-10-03T07:13:10Z
- Updated On: 2024-10-03T07:19:35Z
Fxstrategycenter claims to be a forex trading site that also promises a range of financial services available at https://fxstrategycenter.com/. Yet, this platform should now raise a few cautions before further investments.
No Regulatory Information
An essential parameter for any financial service to qualify as a legitimate entity is the regulation by the established authorities. Fxstrategycenter doesn’t mention anything about the regulatory oversight on the website. This lack of transparency is alarming, as unregulated brokers operate without stringent compliance measures adopted by reputed regulatory bodies. Investing with such entities could expose investors to increased risk factors, including fraud, loss of money, and lack of legal recourse in case of disputes.
New Registration of Domain
As October 3, 2024, was also the day when the domain of Fxstrategycenter was registered, it indicates that the site has been running for a very brief period. Newly established domains should be taken with extra caution, particularly in the financial sector. Scam operations have been successful in previously associating a newly created site with their investments. Investors are advised to exercise extreme caution when engaging platforms that lack a proven track record.
FCA Warning
The Financial Conduct Authority in the United Kingdom has warned about some unauthorized brokers that are not currently authorized to operate. As per the sources available, Fxstrategycenter has not yet found its name on the FCA warning but frequently updated lists have been released by them to make investors aware of those firms without the licenses. Therefore, it is dangerous for investors to trade with brokers that are not FCA-authorized, as they would bear the full risk in case of any financial loss.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is Fxstrategycenter Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of Fxstrategycenter Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from Fxstrategycenter Broker?
If you got scammed by Fxstrategycenter Broker, these steps might help you recover your funds:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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Stay informed and trade wisely!