Is FXTradePlus 247 a Legitimate or Scam Broker? Find out!
FXTradePlus 247 insists that it is a “legal” (sic) company filled with “professional traders.” Although it says its traders are professional, the web copy is quite amateurish. A “legal” company means the legal profession, whereas FXTradePlus 247 is a broker. The rest of the website is also poorly written, which does not inspire confidence. There are guaranteed returns which are unrealistic and FXTradePlus 247 has no license.
What Is the Problem with FXTradePlus 247? Read the Following: Not having a license is a serious problem. If a broker is unregulated, there is little recourse for clients. FXTradePlus 247 makes impossible guarantees, from a 180% return for a deposit of $1,000 to 400% on a deposit of $50,000. Why should a greater deposit improve the chances of a winning trade? Perhaps there is no real trading going on.
Is FXTradePlus 247 a Scam Broker? Here Are Some Red Flags
The following are the main red flags with FXTradePlus 247:
- Not regulated
- Impossible guarantees
- Demands high deposit
- Poor web copy
- No transparency about how is behind it.
These are enough reasons to stay away from FXTradePlus 247. We do not recommend that you open an account with this broker.
If You Have an Account with FXTradePlus 247
Close your account and ask for your money back. If you can’t get a withdrawal contact ReportScamOnline experts right away. We will consult with you and will guide you on the road to fund recovery. The ReportScamOnline team has combined decades of experience dealing with hundreds of financial institutions.