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FXRage Review

Table Of Contents

Table Of Contents

FXRage Logo
🌐 Website fxrage.com
🏠 Company FXRage
📌 Address Wedal Rd,South Glamorgan, United Kingdom
☎️ Phone N/A
📧 Email tellus@fxrage.com
⚖️ Regulation  Unregulated, Blacklisted, Scam

Introduction

In the highly competitive world of online trading, finding a broker that offers both reliability and security is paramount. As more and more trading platforms emerge, the line between legitimate brokers and fraudulent entities becomes increasingly blurred.

FXRage is one such platform that claims to offer a variety of trading services but raises serious concerns regarding its legitimacy.

This comprehensive review will delve into the key aspects of FXRage, uncovering truths and revealing red flags that every potential investor should be aware of.

FXRage Details

FXRage_contact

FXRage, an online trading broker, has been labeled as fraudulent. The company claims to have its location at Wedal Rd, South Glamorgan, United Kingdom, but this information may be untrustworthy.

For those wishing to contact FXRage, their support team can be reached through email at tellus@fxrage.com.

FXRage’s website is accessible at fxrage.com.

Given the suspicious nature of FXRage, it’s crucial to exercise great caution and conduct thorough investigation before considering engagement with this or similar online trading platforms.

To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: Condor Capital Markets and Marketbrokeage.

Company Background and Legitimacy Concerns

An Anonymous Entity

FXRage presents itself as a broker operating out of the United Kingdom, offering an address and contact details on its website. However, the broker’s true identity remains concealed, as no information about the company’s legal entity or regulation number is provided.

This lack of transparency is the first alarming sign for any potential investor, as it points to a possible deliberate effort to remain untraceable.

Regulatory Claims and Reality

For any broker to legally offer trading services from the United Kingdom, it must be licensed and regulated by The Financial Conduct Authority (FCA).

FXRage claims to hold such a license, even extending this assertion to include regulation by The Australian Securities and Investments Commission (ASIC) and The Financial Sector Conduct Authority (FSCA).

FXRage_false_claims

A careful examination of these regulatory bodies reveals a stark contradiction – none of them have any record of FXRage.

This blatant lie is not just a marketing exaggeration; it’s a fraudulent claim that confirms FXRage’s status as an unregulated scam broker.

The FCA, in fact, has issued a formal warning against FXRage, further strengthening the case against this deceptive broker. Such warnings are clear indicators for potential investors to steer clear of the platform, as they represent authoritative disapproval from a leading financial regulator.

FXRage_FCA_warnings

Trading Opportunities and Account Types

Asset Range

FXRage offers its clients access to a variety of trading assets, including:

  • Forex: Currency pairs from major to exotic.
  • Indices: Trading on leading global stock indices.
  • Metals: Including gold, silver, and other precious metals.
  • Energies: Such as oil and natural gas.
  • Stocks: Shares from international companies.
  • Cryptocurrency: Popular digital currencies like Bitcoin.

Account Options

FXRage provides four distinct account types, catering to different investment levels:

FXRage_accounts

  • Starter: Minimum Deposit $600
  • Premium: Minimum Deposit $1500
  • VIP Membership: Minimum Deposit $5,000
  • Forex Signal Subscription: Minimum Deposit $20,000

While these account options may seem attractive, the absence of transparent information about spreads, leverage, and other trading conditions creates an environment of uncertainty and mistrust.

Conclusion

FXRage, with its hidden identity, false regulatory claims, and a warning issued by the FCA, is a broker that raises serious concerns regarding its legitimacy.

Its enticing offers and diverse asset range might appeal to some, but the underlying deception and risks overshadow any potential benefits.

Investors looking for a secure and transparent trading experience would do well to consider other alternatives, as engaging with FXRage presents a risk that far outweighs any potential rewards. Exercise caution and thorough research to avoid falling into the traps laid by such unscrupulous entities.

Got Scammed by FXRage?

If you have lost money with FXRage, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.

The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you.

5 Simple Steps To Get A Chargeback From FXRage

Follow our straightforward guide to efficiently reclaim your lost funds from FXRage with minimal hassle.

  1. Complete the Form: Begin by completing the form above, providing necessary details about your case. This allows the team to understand your situation with FXRage and prepare for the consultation.
  2. Get A Free Consultation: Schedule a free consultation with MyChargeBack team of experts. During this consultation, they will assess your case and offer guidance on the best course of action to recover your lost funds from FXRage.
  3. In-Depth Case Analysis: As you proceed with MyChargeBack, their expert team conducts an in-depth analysis of your case, identifying the optimal chargeback strategy for fund recovery based on your unique circumstances.
  4. Recovery Process: Their team of specialists scrutinizes your case, collects evidence, and negotiates with the involved parties to expedite the recovery of your funds. MyChargeBack team will consistently communicate with you and your bank or card issuer during the chargeback process.
  5. Fee Payment: Upon successful recovery of your funds lost to FXRage, MyChargeBack charges a fee as a percentage of the reclaimed amount. If fund recovery is unsuccessful, no fees apply, except in exceptionally complex cases.

Through these five straightforward steps, MyChargeBack simplifies the fund recovery process, enabling you to reclaim your money from FXRage with minimal inconvenience.

FAQs

Is FXRage a regulated broker?

No, FXRage falsely claims to be regulated by the FCA, ASIC, and the FSCA. A search in their registers reveals no evidence of regulation, and the FCA has even issued a warning against FXRage.

What types of assets can I trade with FXRage?

FXRage offers Forex, Indices, Metals, Energies, Stocks, and Cryptocurrency trading.

What is the minimum deposit required to open an account with FXRage?

The minimum deposit ranges from $600 for a Starter account to $20,000 for a Forex Signal Subscription account.

Has any regulatory body issued a warning against FXRage?

Yes, the Financial Conduct Authority (FCA) in the United Kingdom has issued a warning against FXRage.

Should I trade with FXRage?

Given the numerous red flags, including lack of regulation, false claims, and official warnings, it is advisable to avoid trading with FXRage and seek reputable and regulated alternatives instead.

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