A United States regulator warning has been issued against Trading Fx Bonus in September 2023
If you are looking for a forex broker that offers attractive bonuses, you might have come across Trading Fx Bonus. This broker claims to provide up to 100% deposit bonus, free signals, and educational resources for its clients. But is Trading Fx Bonus a reliable and trustworthy broker, or is it a scam?
In this review, we will examine the features, advantages, and disadvantages of Trading Fx Bonus, and help you decide whether it is worth your time and money.
What is Trading Fx Bonus?
Trading Fx Bonus is a forex broker that was established in 2019 and is based in St. Vincent and the Grenadines. The broker offers various trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. The broker also provides several account types, ranging from $250 to $50,000 minimum deposit, with different spreads, leverage, and bonus rates.
Trading Fx Bonus claims to be regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, but this is not a reputable or credible regulator. The FSA does not have any authority or jurisdiction over forex brokers, and does not enforce any rules or standards for them. Therefore, Trading Fx Bonus is an unregulated and unlicensed broker, which means that it does not have to comply with any legal or ethical requirements, and can operate in any way it wants.
What are the pros and cons of Trading Fx Bonus?
Some of the pros of Trading Fx Bonus are:
– It offers a variety of trading instruments and platforms, including MetaTrader 4 and WebTrader.
– It provides free signals and educational resources for its clients.
– It has a responsive and friendly customer support team, available 24/7 via phone, email, and live chat.
Some of the cons of Trading Fx Bonus are:
– It is an unregulated and unlicensed broker, which means that it has no oversight or accountability for its actions.
– It has a high minimum deposit requirement of $250, which is above the industry average.
– It has unclear and inconsistent terms and conditions regarding its bonuses, withdrawals, fees, and commissions.
– It has received numerous complaints and negative reviews from its clients, who have reported issues such as delayed or denied withdrawals, hidden charges, aggressive marketing tactics, and poor execution.
Is Trading Fx Bonus a scam or legit?
Based on our research and analysis, we conclude that Trading Fx Bonus is a scam broker that should be avoided at all costs. The broker has no regulation or license to operate in the forex market, and has shown signs of fraudulent and unethical behavior. The broker has also failed to provide any proof or evidence of its legitimacy or credibility.
Therefore, we advise you not to open an account or deposit any money with Trading Fx Bonus. If you have already done so, we recommend you to withdraw your funds as soon as possible, and report the broker to your local authorities. You should also beware of any other brokers that offer similar bonuses or promises, as they are likely to be scams as well.
What to Do If You’ve Lost Money with Trading Fx Bonus?
If you have been scammed by Trading Fx Bonus or any other broker, you’ll want to seek assistance from cryptocointrace.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Cryptocointrace.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.