FXB Trading Scammer Review: Analysis and Feedback from Affected Traders
FXB Trading Review
FXB Trading is a relatively young company that has been operating since 2016. The main goal of the broker is to introduce cutting-edge trading mechanisms in an online format. This allows market participants to thrive in this industry for a long time, utilizing advanced educational tools and optimum conditions in any market situation. But is this organization reliable, and does it have more advantages or disadvantages? Is this project a scam or a legitimate company? All this can be discovered by exploring the review and feedback about the broker fxbtrading.com.
CFD and Forex Broker FXB Trading Trading Conditions Review
The brokerage company FXB has been providing access to trading in the Forex market for three years. According to information on the official website, it has been hailed as the best forex broker by ACQUISITION INTERNATIONAL.
The company has relatively limited experience due to the skepticism it faces on the Russian-speaking market. The official website fxbtrading.com is gradually being translated into Russian, indicating that the broker is just starting to reach out to the Russian-speaking audience.
During the review, it was revealed that the company offers trading in various currencies, as well as CFDs (Contracts for Difference) and commodities such as oil, metals, and more. English-language sources and trader reviews indicate that until recently, the CFD broker FXB Trading allowed trading in cryptocurrency, but this feature is currently unavailable for unknown reasons.
A distinguishing feature of the organization is the wide range of methods to deposit and withdraw earned funds, which traders often highlight as a plus in their reviews. Among them, foreign electronic payment systems from different countries can also be found.
The price review revealed that the minimum deposit amount to top up your account in the system is $250. Education, regardless of individuality, will only be available after the account is funded with a minimum of $1,000.
Trading Platform Review
The FXB Trading forex broker allows all participants to trade through the popular MetaTrader 4 (MT4) platform. There is another version of this platform – MT5, but access is not provided to it. There is almost no difference between these platforms. They have the same functionality, but the main difference is that you can build charts simultaneously using different trading tools.
At the same time, the platform’s speed is not affected. Traders can conduct analysis of various options, test strategies, and more. In addition, the FXB Trading broker offers mobile applications for iOS and Android for those who want to work comfortably with the broker. An added bonus is the absence of the need to install software.
FXB Trading Attractions: Additional Features Review
First and foremost, it is necessary to mention the company’s quote. Unfortunately, based on the analysis of the official website, there is no information on executed deals, low spreads, liquidity, and more. Additionally, there is no additional information available about liquidity providers. This lack of transparency does not inspire confidence since most brokers work openly, regulating their methods of work, which subsequently help traders improve their position in the market.
FXB Trading, like other brokerage companies, provides its traders with the opportunity to test their skills on a demo account through the MetaTrader 4 platform. You can only use it after officially registering your account on the resource.
Another bonus is the ability to work not only on a PC but also through a mobile application. You can download it from the official fxbtrading.com website. According to its developers, it is an excellent analytical service through which you can access trading signals and market analysis. The main downside is the lack of a Russian version, despite the section on the platform being translated into Russian.
After registering with FXB Trading, you can receive pleasant bonuses, such as a 6% transfer to your deposit account when topping up your account. Due to the lack of more precise information about this, it is difficult to understand how funds are credited and whether this payment is one-off.
In conclusion, despite its young age, FXB Trading offers users the opportunity to choose from various deposit and withdrawal methods for exchange trading. There are approximately 30 methods available, but according to feedback, problems with withdrawing funds occur regularly. You can fund your account with several of the most popular methods:
- Visa, MasterCard, Unionpay bank cards,
- via electronic account top-up systems such as UPayCard, Payoma, WebMoney, Wire Transfer, Perfect Money, FasaPay, Skrill, paySafeCard among others.
FXB TRADING Reviews
Since the organization has been functioning in the exchange market for a relatively short period and can be confidently called young, there are almost no real trader reviews. Based on existing reviews of fxbtrading.com, a negative conclusion can be drawn about the company. Many traders don’t trust it.
Many traders who have worked with this broker call fxbtrading a scam. People trusted it, but the managers did not pay out funds and then disappeared without a trace. To date, it cannot be definitively stated whether the company is a scam because it is quite young compared to other similar organizations. However, the reviews are still cause for concern.
In Conclusion
Based on the results of the review and the limited but realistic number of reviews, it can be concluded that FXB Trading is a young, untrustworthy company. It often deceives its clients by deleting accounts, not paying out earnings, disappearing without maintaining contact, and more.
Doubts about the transparency of this organization arise as soon as a user notices the lack of complete information about the broker, executed transactions on the platform, and real reviews regarding fund withdrawals.
Relationships with a broker should be based on trust; otherwise, fruitful cooperation will not be possible, as is the case with FXB Trading!