FXDEAL ONLINE – Review

FXDEAL ONLINE

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FXDEAL ONLINE

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Caution Investors FXDEAL ONLINE – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) Registration of issuance, offer, or sale of securities/derivatives, and reporting requirements.

Overview of FXDEAL ONLINE:

FXDEAL ONLINE is a trading platform that offers forex, CFDs, commodities, indices, stocks, and cryptocurrencies. It claims to have over 10 years of experience in the industry and to provide competitive spreads, fast execution, and advanced trading tools. It also claims to be regulated by the Financial Conduct Authority (FCA) in the UK.

Regulation and Compliance of FXDEAL ONLINE:

However, the FCA has issued a warning against FXDEAL ONLINE on its website, stating that the FCA does not authorize it and that it may be involved in fraudulent or manipulative practices. The FCA warns that some firms act without authorization or may knowingly run scams. It advises traders to check the Financial Services Register to see if a firm is authorized or registered by the FCA before dealing with it. The FCA also urges traders to report any suspicious activities or unauthorized firms to its Consumer Helpline.

Customer Reviews of FXDEAL ONLINE:

A quick search on the internet reveals that FXDEAL ONLINE has received many negative reviews from customers who have experienced problems with withdrawals, account verification, customer support, and trading conditions. Some customers have reported that they have been scammed by FXDEAL ONLINE and that they have lost their money. Some have also complained that FXDEAL ONLINE uses aggressive marketing tactics and false promises to lure them into depositing more funds.

Products and Services Offered By FXDEAL ONLINE:

FXDEAL ONLINE offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, while the minimum deposit for the Platinum account is $50,000. The leverage ranges from 1:100 to 1:400 depending on the account type. The spreads start from 3 pips for the Basic account and go down to 0.1 pips for the Platinum account. FXDEAL ONLINE also offers a demo account and an Islamic account.

FXDEAL ONLINE provides a web-based trading platform that is compatible with any device and browser. It also offers a mobile app for Android and iOS devices. The platform features various trading tools such as charts, indicators, news, signals, and alerts. FXDEAL ONLINE also claims to offer educational resources such as webinars, videos, ebooks, and articles.

Location of FXDEAL ONLINE:

FXDEAL ONLINE does not disclose its physical address on its website. It only provides a phone number and an email address for contact. However, according to the FCA warning, FXDEAL ONLINE is based in Estonia and operates under the name of FX DEAL OU. The FCA states that this firm is not authorized by the Estonian Financial Supervision Authority (EFSA) either.

Customer Service Provided By FXDEAL ONLINE:

According to customer reviews, FXDEAL ONLINE has poor customer service that is unresponsive, rude, and unprofessional. Many customers have reported that they have been ignored or blocked by FXDEAL ONLINE when they tried to contact them for issues related to withdrawals or complaints. Some customers have also claimed that FXDEAL ONLINE has threatened them with legal action or blackmail if they expose their scam.

Defensive Measures Against Fraudulent Brokers:

To protect themselves from fraudulent brokers like FXDEAL ONLINE, traders should always do their due diligence before choosing a broker. They should check the regulatory status of the broker on the official websites of the relevant authorities such as the FCA or the EFSA. They should also read customer reviews on reputable websites such as Trustpilot or Forex Peace Army. They should avoid brokers that offer unrealistic returns or bonuses or pressure them to deposit more money. They should also use secure payment methods such as credit cards or e-wallets that allow chargebacks in case of disputes.

Conclusion:

FXDEAL ONLINE is a forex and CFD broker that is not regulated by any authority and has been warned by the FCA for possible fraudulent or manipulative practices. It has received many negative reviews from customers who have been scammed or mistreated by it. It offers subpar products and services that are not worth risking your money for. Therefore, we advise traders to stay away from FXDEAL ONLINE and to choose a reliable and regulated broker instead.