Fxdivine is a contract-for-difference broker, with its domain registered on February 7, 2023. This broker mainly offers numerous trading markets through its self-developed trading platform, including forex, options, CFDs, and more. It does not provide services to countries and regions where it might violate local laws or regulations.
Corporate Registration Information and Regulatory Status
Public information on the Fxdivine website shows that its registered entity in the United States is Fxdivine LTD, with the company’s headquarters located in New York. This broker claims to be regulated by the U.S. Commodity Futures Trading Commission (CFTC), the Belize International Financial Services Commission (IFSC), and the Cyprus Securities and Exchange Commission (CySEC).
After verification, no entities named Fxdivine were found in the registries of the U.S. National Futures Association (NFA), the Belize International Financial Services Commission (IFSC), or the Cyprus Securities and Exchange Commission (CySEC). (The registration and review of intermediary institutions are carried out by the NFA on behalf of the CFTC under the supervision of the CFTC.)
Therefore, Fxdivine appears to be falsely advertising its credentials and is, in fact, an unregulated fraudulent website.
Account Opening Process
The account opening process for an Fxdivine trading account is as follows: Open the broker's website, click "Sign Up" in the top right corner of the page to enter the account registration page, fill in personal information such as name, email address, and phone number as required, set a login password, and submit the form. After verification, the account can be successfully registered.
Investment Plans
Fxdivine offers four different types of investment plans: Bronze, Silver, Gold, and Premium.
Bronze:
- Minimum investment amount: $2,500
- 24x7 customer support
- Professional charting features
- Trade alert services
- Basic trading center
Silver:
- Minimum investment amount: $3,500
- 24x7 customer support
- Professional charting features
- Trade alert services
- Intermediate trading center
- Bonus: $1,000
Gold:
- Minimum investment amount: $4,500
- 24x7 customer support
- Professional charting features
- Trade alert services
- Professional trading center
- Live trading with experts
- Bonus: $2,000
Premium:
- Minimum investment amount: $4,500
- 24x7 customer support
- Professional charting features
- Trade alert services
- Advanced trading center
- Live trading with experts
- SMS and email alerts
- Bonus: $4,000
Trading Platform
Fxdivine provides a self-developed trading platform for its users, but the functionalities are not detailed and it is only available as a web application.
Deposits and Withdrawals
Fxdivine does not clearly state on its website the supported deposit and withdrawal methods, associated fees, or minimum deposit and withdrawal amounts.
Summary
Traderknows warns investors that Fxdivine is a scam broker that lures investors with promises of high returns but is actually unregulated. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Scam" on Traderknows.
