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FXCore Forex broker review: account types analysis, reviews

Review of the forex broker FXCore: analysis of account types, reviews

Don’t let the promises fool you. FXCore claims to be the best forex broker with seamless transaction processing and numerous awards. But is it really as good as it claims to be? There are no reviews about this trading intermediary, nor are there any expert opinions. Let’s uncover whether clients can realize their potential on fxcore.trade or if it is just another typical scam.

Promises vs. Facts: Review of Information about FXCore

Let’s begin an expert review by studying the guarantees provided by FXCore. The official website of the organization lists the following statistics:

  • Provision of services in over 200 countries (though elsewhere on the website, it is stated that the broker operates only in 80 countries),
  • Over 350 assets and 10,000 markets (questionably extensive financial markets),
  • Unrealistic leverage up to 1:400,
  • Over 50,000 clients (considering that, per their story, FXCore has been operating since 2020, the stated statistics seem incredible).

The absence of reviews of FXCore raises suspicions. If the company is as great as it wants to appear, why hasn’t anyone heard of it? Upon checking the domain, it was revealed that fxcore.trade was indeed registered in July 2020, although the actual website has only recently started functioning. This explains why there are no reviews of this pseudo-broker yet.

However, its managing company has already gained notoriety. Allegedly, FXCore is owned by Lollygag Partners LTD, registered in Dominica under number 2020/IBC00079. There are numerous negative reviews about this company online, as it has been implicated in financial scams.

It turns out these fraudsters are producing fake intermediaries one after another. In 2020, they launched several at once: Finocapital, FXActive. Reviews about these financial villains are entirely negative. The fraudulent intermediaries fail to fulfill their agreements, engage in extortion, and deplete deposits.

It is already possible to understand that Lollygag Partners LTD is not to be trusted basing on their legal documents. The company is registered in Dominica, which is an offshore jurisdiction known to attract financial fraudsters. Not a word is mentioned about having a license for fxcore.trade, as no reputable regulator would permit operations of an offshore back-alley operation.

During the review preparation, it was observed that FXCore does not provide information about its management. Who founded this project and who will be held accountable for any financial losses?

Review of Contacts: How to Reach FXCore Support

Other contact details provided, in addition to the legal address in Dominica, identical for FXCore and other deception ventures from Lollygag Partners LTD, include:

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