Fx Flub: real reviews about the company’s work in 2023
Fx Flub is one of the most promising brokers in the industry, offering instant order execution, attractive trading conditions, and cutting-edge solutions. According to the company’s statement, it has been providing its services for over 10 years. However, the emergence of only recently appearing reviews, mostly negative, raises questions about the actual activities of this company. Our task is to analyze the truth of the accusations of fraud and financial irregularities by this organization.
What is known about the company Fx Flub?
To confirm its longevity and activity in the financial markets, Fx Flub presents the following statistics:
- 25M+ deals,
- 30,000 active users (in one place it is indicated 75,000+ accounts),
- geographical coverage – 100+ countries.
However, after checking through whois, we found that the domain fxflub.com was registered only since September 2023. This fact may indicate that the company provides misleading information to create a more serious impression on potential clients. This fact can be considered as the first signal of misconduct in its activities.
Facts of providing false information on the Fx Flub website have been identified. In particular, the provided screenshot shows confirmation of the falsity of emails. Additionally, important internal documents regulating the relationship between the company and clients are missing on the official website. This raises doubts about the honesty of Fx Flub’s practices.
What about the legal side of the matter?
Without providing scans of licenses and certificates, Fx Flub does not provide the opportunity to verify its reliability and legality of activities. The website claims that the company is operated by Investing Space LTD from Saint Lucia. However, after investigation, it was found that neither the broker nor its parent company are registered in Saint Lucia.
Furthermore, the stated address in London, UK, also raises doubts. To open a branch in this country, the company must obtain the necessary permissions. However, checking the FCA register showed the absence of registration of Fx Flub in the observable list of brokers. This confirms the violation of international legislation and the undesirability of cooperation with such organizations.
Collaborating with illegitimate brokers can be associated with serious risks for traders, as there is no guarantee of capital withdrawal and protection of interests by regulatory authorities.
Terms of cooperation
Fx Flub offers access to various markets (cryptocurrencies, stocks, Forex, and others). Without offering demo accounts, the company provides a choice of several tariffs. The characteristics of the commercial offer include:
- minimum deposit – from $150 to $10,000,
- leverage – 1:100,
- instant order execution,
- additional services depending on the tariff plan.
Reviews indicate the presence of hidden commissions and a cumbersome fund withdrawal process, which increases the risk for the company’s clients.
Customer reviews on trading
Despite the relatively short period of the company’s operation, there are already negative reviews about Fx Flub. The organization’s fraudulent practices become accessible due to the lack of detailed information about it. This creates a situation where newcomers can become victims of deception.
If you have experience trading with Fx Flub, please share your reviews under our review. This will help other traders avoid financial losses and understand the activities of this company.
Characteristics of the fraudulent scheme
Fx Flub attracts newcomers with a low entry threshold and aggressive marketing. Promises of round-the-clock support can end with an offer to install a program for remote access, which can be the beginning of a fraudulent scheme. Acting recklessly, scammers can easily empty the account of their victim and disappear.
Conclusion
Considering all the facts, Fx Flub clearly does not deserve trust and a reputation as a reliable broker. Cooperation with such companies threatens serious financial losses and risks. Do not fall for the tricks of scammers and protect your funds by choosing verified partners for trading.
