Does it pay or not: full review of CFD broker TXGlobal and traders’ feedback
Personal Experience with TXGlobal: Why Deception is Covered by Masterful Show
At first, the crystal-clear visionary TXGlobal promises a sea of learning experiences without any payments, then intrudes into the mind with convincing arguments about unprecedented profitability, demanding an initial deposit. Advertising praises, convincing words of agents, and impressive visual performance in the personal account create an illusion of success. So why do clients still give their money to scammers? The answer to this question lies in the details, which we will reveal in this review.
Revelations about TXGlobal’s Dishonest Practices
The TXGlobal team prefers to keep their history a secret, not disclosing details about their specialists or extensive work experience. They even steer clear of typical stories of 5 years of industry practice, which is a common template for fraudulent schemes.
Since its launch in 2021, the company has targeted a vulnerable market, actively trying to attract users’ attention. We see a sharp increase in website traffic at the beginning of this year, predominantly from Russia.
According to speculation, the organization is associated with the holding company Fin Tree Ltd (listed as the platform owner in the “Terms of Use”). Registration offshore and the use of a well-known address, which has become the epicenter of various scams (Suite 305, Griffith Corporate Centre, Beachmont P.O.Box 1510, Kingstown, St. Vincent and the Grenadines), raise serious doubts.
TXGlobal’s “neighbors” list includes projects such as FreshForex, Diamond FX, PrivateFX, and over a hundred more similar organizations with numerous negative reviews.
The lack of information about Fin Tree Ltd in open sources and the absence of working contacts make the company’s legend unconvincing. In case of conflicts, clients are encouraged to contact Fin Tree Ltd, although they are reluctant to disclose contact details.
Technical Details of TXGlobal Scam
The organization has a website tailored to the Russian audience, implying the need for a permit document from the Central Bank of the Russian Federation (in accordance with law No. 460-FZ). However, no licensing documents are provided.
The restrained copying of materials on the website raises suspicions of hidden motives, which may indicate attempts to mask questionable practices and rely on investors’ inertia.
Documents available to clients contain many false statements. For example, in the “Terms and Conditions” section, it is stipulated that the company may change spreads at its discretion, shifting all responsibility for losses onto traders.
The “Risk Disclosure” tab claims that TXGlobal does not work with inexperienced clients, although real reviews suggest otherwise. Scammers deliberately attract newcomers.
In conclusion, we see that the platform offers a minimal choice of assets, provides incorrect information about accounts and commissions, and overall aims to maximize profits at the expense of clients.
Discussion of TXGlobal Fraud Practices
Shortly after the platform’s launch, it became filled with negative reviews, exchanging its remarkable reputation for a bad one. However, disguising themselves as positive reviews, scammers carefully tried to restore their broken reputation by cluttering forums with paid hand-wavers, which turned out to be not very successful.
Where’s the Trap?
According to reviews, users are initially attracted by free lessons from mysterious trading teachers. However, this “bait” disappears soon. Within a week, clients are given a choice: deposit money or refuse services. Profit from the deposit grows rapidly, but as soon as a client requests to close a deal, scammers roll out distorted truths, blaming force majeure for their bankruptcy.
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Conclusion
Let’s be clear: you won’t earn anything with TXGlobal. Scammers will take all your money, lead you to a nervous breakdown, and then reject your attempts to withdraw. Even more sorrowful is that, thanks to the cunning reviews written by hired copywriters, newcomers believe in the perfect tales of scam managers. Want to avoid cunning thief traps? Then it’s better to stay away from the company TXGlobal!
I am utterly dissatisfied with the broker’s work at TXGlobal as their service lacks transparency, efficiency, and fails to yield the promised returns.