FxtradingFirm is a CFD broker with the official domain registered on June 28, 2021. This broker primarily offers investment services in trading markets such as Forex, digital currencies, precious metals, commodities, funds, etc., to retail and institutional clients. It does not provide services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the FxtradingFirm (fxtradingfirm.com) website shows that the broker's corporate entity is registered in the UK with the company registration number 08300345. Additionally, the terms of service page states that “Any litigation arising from the terms of this website shall be litigated in the UK and US courts, and only in the UK and US courts.”
Upon investigation, no registration information for a company named "FxtradingFirm" was found with US financial regulatory agencies like the National Futures Association (NFA) and the Financial Industry Regulatory Authority (FINRA). Additionally, the UK Companies House website shows that the company registered with the number 08300345 is FX TRADING LTD, not FxtradingFirm, and FX TRADING LTD is not authorized or regulated by the Financial Conduct Authority (FCA).
Therefore, FxtradingFirm (fxtradingfirm.com) is actually a fraudulent broker website with neither a corporate entity nor any regulation.
Account Opening Process
The account opening process for an FxtradingFirm trading account involves opening the broker's official website, clicking “REGISTER NOW” on the homepage or “Join Now” on the top right corner to enter the account registration page, filling in personal information such as name and email, setting a login password, and submitting the form. Once the account is verified, the registration is successful.
Investment Plans
FxtradingFirm offers four types of investment plans: FUTURES CC01, FUTURE CC02, FUTURE CC03, PROMO PLAN.
FUTURES CC01:
- Trading cycle: 7 days
- Minimum deposit: $100
- Maximum deposit: $9,999
- Enhanced security
- 24/7 dedicated support service
- Daily return rate: 6%
FUTURE CC02:
- Trading cycle: 10 days
- Minimum deposit: $10,000
- Maximum deposit: $100,000
- Enhanced security
- 24/7 dedicated support service
- Daily return rate: 10%
FUTURE CC03:
- Trading cycle: 60 days
- Minimum deposit: $50,000
- Maximum deposit: $10,000,000
- Enhanced security
- 24/7 dedicated support service
- Daily return rate: 12%
PROMO PLAN:
- Trading cycle: 20 days
- Minimum deposit: $5,000
- Maximum deposit: $5,000,000
- Enhanced security
- 24/7 dedicated support service
- Daily return rate: 5%
Trading Platform
FxtradingFirm offers a self-developed trading platform to users, but no detailed introduction is provided, and it is only available on the web.
Deposit and Withdrawal
FxtradingFirm supports deposits and withdrawals through various cryptocurrencies.
Conclusion
Traderknows reminds investors that FxtradingFirm is a fraudulent broker luring investors with promises of high returns, but in reality, it lacks any regulatory oversight. 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 a "Scam" on Traderknows.
