FXall

The company was founded in 2000 by a group of leading global financial organizations:

• CSFB, Bank of America; 
• Goldman Sachs Group Inc; 
• J.P. Morgan & Co; 
• HSBC Holdings Plc; 
• UBS Warburg LLC; 
• Morgan Stanley Dean Witter & Co. 

This alliance of major banks and financial institutions has created a powerful electronic trading platform, offering institutional clients worldwide the ability to conduct spot, options, forward and swap transactions, as well as portfolio trading.

A very loud statement that is absolutely not supported by real documents. The listed brands are used by scammers solely to gain the loyalty of the target audience to FXall official website a supposedly prestigious broker is more reminiscent of another fly-by-night garbage dump that will disappear after the first difficulties.

Since its founding, sharaga has allegedly been actively developing, attracting more and more clients and expanding the range of services offered. In 2012, the company was acquired by Thomson Reuters, one of the world leaders in information technology and e-commerce. This step allowed the office to strengthen its position in the market and expand opportunities for its clients using the resources and technologies of Thomson Reuters.

The scammers chose not to specify what exactly business scaling involves. They rely on empty statements because they make it much easier to manipulate the opinions of gullible users.

Regarding legal registration and financial regulation, FXall registered in the USA and regulated by the Commodity Futures Trading Commission (CFTC), which confirms its transparency and reliability as a financial intermediary. The company also follows the EU Markets in Financial Instruments Directive (MiFID), ensuring a high level of investor protection and financial market integration.

At the same time, the scammers themselves hide the certificate of incorporation and financial regulation license, which raises a lot of doubts about the legitimacy of the project. The office poses as a reputable broker, but conducts business in the style of a cheap Forex kitchen.

FXall trading conditions

The scam promises high-quality electronic trading services, providing access to a wide range of financial instruments in international foreign exchange markets. Thanks to collaboration with Thomson Reuters, FXall uses advanced technologies and trading platforms, which allows traders to implement their strategies at a high level.

There is no specific list of declared innovations. Scammers simply made up loud promises and now want everyone to take their word for it.

Sharaga provides access to several trading platforms, including MetaTrader4, one of the most popular platforms in the world. MT4 is known for its reliability, ease of use, and extensive analytical capabilities. Clients can take advantage of all the advantages of the terminal, including a variety of indicators, graphical tools and the possibility of automated trading with the help of advisors. The scammers prudently hid information about liquidity providers because they prefer to manage quotes themselves.

The online scam offers different types of trading accounts, tailored to the needs of different categories of traders. Clients can choose accounts with different trading conditions, including different leverage levels, spreads and minimum deposits. This allows both beginners and experienced traders to find optimal conditions for implementing their trading strategies.

Trading options:

• minimum deposit: you can start with a capital of $100, but the entry threshold will vary depending on the selected account type;
• leverage: 1:100, which is a violation of the requirements of reputable regulators. This calls into question cooperation with American auditors;
• spreads: 2-3 points, which is noticeably higher than the market average. In addition, the sharaga retains additional commissions;
• instruments for trading: currency pairs, metals, indices and other assets, providing traders with ample opportunities for portfolio diversification;
• support: 24/7 support and access to educational resources, which helps improve your skills and trading efficiency. In reality, everything is more prosaic. Technical support managers often ignore user requests.

On RuNet, traders complain about the terms of service FXall personal account the investor very quickly turns into a suitcase without a handle, which is difficult to carry, but also a pity to throw away because of the money invested in trading. The commercial proposal of the project is very superficial. It has no competitive advantage.

Bringing the fake FXall broker to light

The founders of the scam lied. They can be easily caught in lies. The scammers are not going to stick to their own guarantees. The office is allergic to responsibility to clients. Main signs of fraud:

• unrealistic promises of high returns with minimal risks. Any experienced trader knows that in financial markets, high returns are always associated with enormous risks. If a company promises guaranteed large profits without risks, this should raise red flags;
• lack of a license from the regulator. The Forex kitchen is hiding behind a non-existent license. There is no documented evidence of cooperation with the CFTC auditor;
• problems with withdrawal of funds. One of the most obvious signs of fraud is the difficulty or complete impossibility of withdrawing funds from the account. A fake broker comes up with various excuses, demands additional commissions, or completely ignores clients’ requests;
• non-transparent trading conditions and hidden commissions. Fraudsters use terms of cooperation that are difficult to understand, which hide additional commissions and restrictions for traders;
• aggressive marketing methods and pressure on potential customers. A fake broker actively pushes its services using spam, calls from unknown numbers and other annoying promotion methods;
• reviews and complaints on the Internet. Traders negatively assess the prospects for working with the platform. Investors suffer losses, and the sharaga tries to hide any responsibility;
• low-quality website and lack of contact information. The scam site objectively needs improvement; some important data is missing.

Traders should avoid dealing with FXall investments in the drain scam will end in losses. Experienced scammers leave no chance for their clients.