Fxassureltd.com Broker Review

The United Kingdom’s Financial Conduct Authority has issued a warning against Fxassureltd.com in October 2023

Fxassureltd.com is a forex and CFD broker that claims to offer a wide range of trading instruments, competitive spreads, and fast execution. But is this broker trustworthy or just another scam? In this review, we will examine the features, regulations, and reputation of Fxassureltd.com and help you decide if it is worth investing with them.

First of all, let’s look at the regulatory status of Fxassureltd.com. The broker claims to be registered and licensed by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, which is a popular offshore jurisdiction for many shady brokers. However, the FSA does not regulate or supervise forex and CFD brokers, so this claim is meaningless and misleading. Moreover, Fxassureltd.com does not provide any contact details or address on its website, which raises further doubts about its legitimacy and transparency.

Secondly, let’s look at the trading conditions offered by Fxassureltd.com. The broker claims to offer four types of accounts: Basic, Standard, Premium, and VIP. However, the minimum deposit for the Basic account is $500, which is much higher than the industry average of $100-$250. The spreads are also very high, starting from 3 pips for the EUR/USD pair, which is twice as much as the typical market rate of 1.5 pips. The leverage is also very high, up to 1:500, which increases the risk of losing money quickly. Furthermore, the broker does not disclose any information about its trading platform, fees, commissions, or withdrawal methods.

Thirdly, let’s look at the reputation and customer feedback of Fxassureltd.com. The broker has a very poor online reputation, with many negative reviews and complaints from traders who have been scammed by them. Some of the common issues reported by the victims include:

  • Difficulty in withdrawing funds or getting refunds
  • Unauthorized charges or deductions from their accounts
  • Manipulation of prices or execution
  • False or misleading advertising or promises
  • Aggressive or rude customer support
  • Lack of response or communication

Based on our research and analysis, we conclude that Fxassureltd.com is a scam broker that should be avoided at all costs. The broker does not have any valid regulation or license, does not provide any reliable or transparent information about its services or terms and conditions, and has a history of scamming and cheating its clients. Therefore, we advise you to stay away from Fxassureltd.com and look for a reputable and regulated broker instead.

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