Independent review of FX1Pro: terms of cooperation, reviews

Independent Review of FX1Pro: Terms of Cooperation, Reviews

Scam brokers often do not hesitate to use fake licenses and someone else’s details. The easiest way for fraudsters is to use similar names hoping that naive traders will not notice the deception. FX1Pro has chosen this path, trying to pass itself off as the well-known financial agent FXPro. Of course, there is no connection between these companies, as noted in expert reviews and feedback. We will take a detailed look at the cooperation terms offered on the FX1Pro platform and draw conclusions.

Detailed Company Facts Review: Regulation, Licenses

The fx1pro.com website states that the broker offers access to a huge number of assets (1000+) and is ready to meet the needs of the most demanding traders. Here you can find protection against negative balance, education, and analyst support. In addition to self-trading, algorithmic trading is also available. It sounds impressive, but in reviews, clients complain about deception by FX1Pro and non-compliance with agreements.

When writing the review, we noticed that the broker is managed by TECHSOLUT LTD, registered in the UK (certificate number – 12804975). The legal address is Kemp House 160 City Road (London, UK).

Interesting fact: the user agreement no longer mentions TECHSOLUT LTD. Instead, the FX1Pro brand with registration number 92894 is again mentioned. We decided to check if this number exists in the UK taxpayer registry. It turned out that there is no such company registered in the country’s list of legal entities. This means that fx1pro.com lies from the start.

Naturally, the scammers do not have FCA licenses either. The British regulator is known for its strictness towards financial organizations, so it simply could not overlook a sham and approve its activities. This indicates that any dealings with FX1Pro are at your own risk. If you lose capital, seeking justice will be difficult. You will only be left with writing negative reviews and trying to warn others about the scam.

FX1Pro Contact Information

To contact the broker’s support, several channels are provided:

• Email address: [email protected],
• Phone: +7 499 677 56 01 (considering that the number is Russian, scammers are clearly targeting traders from Russia and other CIS countries).

Additionally, on the official mediator’s website, there are social media widgets. However, none of them work. It turns out that FX1Pro only claims to strive for constructive dialogue with the audience and be ready to consider all reviews with complaints and suggestions. In reality, this is just another deception from the pseudo-broker.

How to Create an Account on FX1Pro Platform?

The registration process is simple: you need to fill out the provided electronic form. You will need to provide the following information:

• Email address,
• Password,
• Phone number in international format (select a country from the list provided),
• Name,
• Surname,
• Promo code.

Then, check the box to indicate that you accept the terms of service. But here, you should not rush. First, read the legal documents of FX1Pro that regulate the rights and obligations of the parties.

Take at least a few provisions of the user agreement:

• Clause 3.4 – FX1Pro’s employees will provide recommendations but will not be responsible in case of deposit loss,

• Clause 8.13 – when depositing or withdrawing profits, money may get lost in transit. The fake intermediary will blame this on payment system errors,

• Clause 8.20 – your account can be blocked at any time (without any warning),

• Clause 14.3 – in cases of force majeure, the company also does not bear responsibility for financial damage. Anything can be considered such circumstances.

By agreeing to such treacherous conditions, you lose even the slightest chance of justice. Judging by the reviews, the scammers have no conscience, so they will do everything possible to leave you empty-handed.

FX1Pro Trading Opportunities Review

The broker in our review offers trading in base currencies as well as contracts for difference. Clients have access to CFDs on:

• Commodities,
• Options,
• Cryptocurrencies,
• Indices,
• ETFs.

A demo account is not provided on the FX1Pro platform, and apparently, there is only one trading account. The fake broker does not rush to share specifics, so information had to be gathered bit by bit. Here’s what we found out:

• Initial deposit – from $250,
• Leverage – from 1:10 to 1:100 (depending on the chosen asset class),
• Minimum position volume – 0.001,
• Spreads are floating (the broker did not bother to specify the size).

FX1Pro has its own trading platform, as proudly stated on the pseudo-broker’s website. According to the legend, this is an innovative terminal with a wide range of tools for technical analysis and an intuitively understandable interface. However, traders claim in reviews that it is actually manipulated software. Fraudsters actively use it to simulate trading and drain deposits.

Real Clients’ Reviews about FX1Pro

To promote the offer, FX1Pro employees use not only the similarity to a well-known financial agent but also fake reviews:

It’s easy to distinguish fake comments: the authors shower FX1Pro with praise, claim fantastic income, and strongly recommend following the recommendations of local analysts.

The scam broker actively removes negative reviews, but we managed to find a few recent comments. We invite you to read the review of real clients’ opinions:

How FX1Pro Deceives?

The scam scheme in FX1Pro is finely tuned. Fraudsters bought a domain similar to the name of a well-known brokerage company. Novices fall for empty promises and deposit funds hoping for a big win. Creating an illusion of successful trading, scammers maximize their victim’s involvement and then simply block their account. They won’t spend long looking for a reason – they will accuse you of violating the terms of the user agreement.

Recommended articles for you:

• Best Trading Strategies in the Forex Market,
• How to Check a Forex Broker’s License?,
• How to Choose a Reliable Forex Broker in 2020: Key Criteria

What Did the FX1Pro Review Show?

FX1Pro shamelessly empties the pockets of naive traders, as confirmed by the independent review. The fake company manipulates trust and has no intention of returning profits. There are no registration certificates or licenses for this shady operation, so holding it accountable will not be possible. Be vigilant when choosing a financial agent, or you risk losing your capital!