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If you are looking for a reliable and regulated forex broker, you might want to avoid Fx Bravo. Fx Bravo is an unregulated broker that has been accused of scamming its customers and refusing to process withdrawals. In this Fx Bravo review, we will explain why you should not trust this broker and how to get your money back if you have already deposited with them.
What is Fx Bravo?
Fx Bravo is a forex broker that claims to offer trading services on various assets, such as currencies, commodities, indices, and cryptocurrencies. The broker also claims to provide automated trading software, educational resources, and customer support. However, Fx Bravo is not regulated by any reputable authority, which means that it operates illegally and does not comply with any rules or standards of fair and transparent trading.
Why is Fx Bravo a scam?
- No regulation: Fx Bravo does not have a license from any regulatory body, such as the FCA, CySEC, ASIC, or NFA. This means that the broker is not authorized to offer financial services and does not follow any rules or regulations that protect the interests and rights of traders. If you trade with an unregulated broker, you risk losing your money and personal information to fraudsters who can disappear at any time without any consequences.
- Negative reviews: Fx Bravo has received many negative reviews from customers who have been scammed by the broker. Many traders have reported that Fx Bravo does not process withdrawal requests, does not respond to emails or phone calls, and uses aggressive tactics to persuade them to deposit more money. Some traders have also reported that Fx Bravo has manipulated their trading accounts, closed their positions without their consent, and wiped out their balances.
- Fake claims: Fx Bravo makes many false and misleading claims on its website, such as offering high leverage, low spreads, fast execution, and secure transactions. However, these claims are not backed by any evidence or proof. In fact, Fx Bravo does not even disclose its trading conditions, fees, or policies on its website. The broker also claims to have won awards from reputable organizations, such as the World Finance Awards and the Global Banking & Finance Review Awards, but these are also fake and fabricated.
- Managed account agreement: Fx Bravo asks its customers to sign a managed account agreement (MAA), which is a document that gives the broker full control over their trading accounts. By signing this agreement, traders authorize Fx Bravo to trade on their behalf, charge commissions and fees, and access their personal information. This is a very risky and dangerous practice, as it allows the broker to do whatever they want with your money without your knowledge or consent.
How to get your money back from Fx Bravo?
- Contact your bank or credit card provider and request a chargeback. A chargeback is a process that reverses a transaction and returns the money to your account. You should explain to your bank or credit card provider that you have been scammed by an unregulated forex broker who refuses to give your money back. You should also provide any evidence or proof that you have, such as emails, receipts, screenshots, or recordings.
- Report Fx Bravo to the relevant authorities and online platforms. You should file a complaint against Fx Bravo with the regulatory body of your country or region, such as the FCA in the UK or the ASIC in Australia. You should also warn other traders about Fx Bravo by leaving reviews on websites such as Trustpilot, Forex Peace Army, or Scam Broker Investigator.
- Seek professional help if necessary. If you have lost a large amount of money or if you are unable to get a chargeback from your bank or credit card provider, you might want to consult a lawyer or a recovery agency that specializes in helping victims of online scams.
Fx Bravo is a scam broker that should be avoided by all traders who value their money and security. The broker is not regulated by any authority, has many negative reviews from customers who have been scammed by them, makes fake claims on its website, and asks its customers to sign a managed account agreement that gives them full control over their trading accounts. If you have already deposited money with Fx Bravo, you should try to get it back as soon as possible by requesting a chargeback from your bank or credit card provider, reporting Fx Bravo to the relevant authorities and online platforms, and seeking professional help if necessary.
What to Do If You’ve Lost Money with Fx Bravo?
If you have been scammed by Fx Bravo or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.