How safe is it to cooperate with FXBlind: review of account types, reviews

• Categories: CFD-Brokers

FXBlind Company Review: Analysis and Expert Opinion

FXBlind is a representative of frivolous “brokers” who don’t even try to defend their reputation. Researching reviews on the Internet confirms: it’s typical fraud that has nothing to do with brokerage services and working in the CFD currency market. Despite this, it makes sense to verify all the information, so we conducted an analysis. In our review, we will take a closer look at the company’s business conditions and the honesty of its operations.

Information about FXBlind: Detailed Analysis and Facts

According to the company’s representation, the CFD broker FXBlind has been operating for 5 years and serves over 350,000 traders. The organization promises expert support, a high level of security, and favorable trading conditions. Additionally, the firm offers a bonus of up to 100% of the deposit.

Although FXBlind’s conditions sound appealing, how well do they correspond to reality? In traders’ opinion, the project creators are clearly lying! The first confirmation of this fact was the domain registration date. It turns out that the FXBlind site was launched not in 2015, as claimed, but in March 2020, coinciding with the first reviews.

The managing offshore structure of FXBlind is the company FXBlind Inc. LTD, registered in Belize under number 78935647. However, no such organization is found in the taxpayers’ registry, indicating the company’s fictitious nature. The legal address is incomplete, only mentioning the street and city, emphasizing the mystery of the creators.

As stated, FXBlind operates in accordance with the law and is supervised by the New Zealand regulator FSCL. However, the broker does not provide a copy of the document and does not indicate a certificate number. FXBlind is also not listed in the regulator’s register.

Contacts with FXBlind Customer Support

The suspicious broker lacks sufficient contact information. The company shows no willingness to interact with traders or help solve problems. Among the contacts are:

• online feedback form,
• email: info@fxblind.com,
• phone: +79843330710 (why does a broker from Belize have a Russian area code, it’s a mystery).

Registration Process on the FXBlind Website

Registration on FXBlind is quick and simple, which is not surprising, as scammers are interested in swiftly registering victims and funding accounts. To create an account, you need to fill out a form, providing:

• email,
• first and last name,
• login password (twice),
• country of residence,
• phone number,
• partner code.

After agreeing to FXBlind’s terms, you can choose a tariff plan and top up your balance, but after studying the legal documentation, it is advisable to refrain from making a final decision. Reviews about the deceitful conditions of the fake broker are justified.

FXBlind Offering Conditions: Review of Account Types

FXBlind offers over 150 trading instruments. With a higher account value, more assets are available. The minimum losses in the project are $200, but traders claim to lose much more. A huge leverage (up to 1:2000) dooms beginners to financial problems.

Under the pretext of complying with KYC and AML, clients are asked to undergo verification by sending scans of a bank card, passport, and utility bills. Trusting such a company as FXBlind with this information is dangerous!

Let’s look at the account types:

• Micro. Minimum deposit – $200. Huge leverage up to 2000 times, indicating FXBlind’s fraud and trade falsification. Available 28 currency pairs, commodities, and metals, spread from 1.3 points,
• Standard. Requires a minimum of $1,000 to open an account. Trading with 22 currency pairs, as well as commodities, metals, and CFD. Leverage up to 1:1000, spread from 0.9 points,
• Pro. Starting deposit $10,000. Promise leverage up to 1:500, spread from 0 points, no commissions. Available 33 currency pairs, indices, stocks, commodities, metals, and contracts for price differences.

Reviews about FXBlind

Reviews about FXBlind are fairly easy to find, and many compromising users complain about financial losses and extracting profits from the problematic company. We recommend examining the opinions and drawing your own conclusions:

Positive reviews are minimal, and even a novice can see their artificiality.

Analysis of FXBlind Deception Scheme

FXBlind scammers use standard deception schemes. They target inexperienced investors who are not knowledgeable about finance. Behind the enticing conditions and bonuses lies complete unreliability. Fraudsters will urge to increase investments until the client realizes they are being deceived. No matter how much money you invest, you won’t get a single cent back.

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Final Verdict on FXBlind: Evaluation and Recommendations

Negative reviews about FXBlind are justified because this company does not deserve trust. Everything stated on the site is simply a lie. Trusting an offshore company without proper legal grounds can leave you without funds. Be vigilant and exercise maximum caution!