Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Monday, 19 October 19:40 (GMT -05:00)



Foreign exchange market

How Scams Exploit FxPro Reputation


Financial markets are not pure figures, reports, and charts. Any market implies human players in the first place. Unfortunately, not all of those people are kind and honest. Forex and its participants - traders, investors, and brokers - have always been subject to various kinds of manipulations and fraud. With that being said, a market participant can fall pray to scams an all kind of unfair play in the industry surrounding the international currency market.

It's not a secret that FxPro has been one of the world's leading forex broker. Fair brokers are always sensitive about their reputation, which is why they have to monitor the situation and report about all kinds of offline and online fraud related to their brands in order to warn their existing and potential clients against dealing with these scams trying to exploit the brand to trick unsuspecting people.

 

The other day, FxPro officially warned the community about another way of scamming forex folks online.

 

FxPro: Forewarned is Forearmed.

 

There nothing new about pretending to be a major brand and scamming people for money this way. Those scams can sell you fake products and services while claiming high quality. However, the cases of fake forex brands operating on the web are not that frequent compared to other industries.

 

Still, these days you can find more and more fake sites claiming they represent FxPro, a major forex brand, which has been in the game since 2006 and can boast 5 major licenses, including those issued by the FCA, MIFID, and the CySEC. It has proven to be a reliable FX partner for thousands and thousands of traders in more than 100 countries of the world.

 

The FxPro press service reported to Masterforex-V about numerous cases of such fake websites currently operating online. In particular, all of those sites exploit the FxPro brand name, but slightly changed this time - having number 24 at the end of the domain name: fxpro24.ru, crypto.fxpro24.top, and so much more. So, we would like to inform you that FxPro has nothing to do with those sites, whatever those fakes claim.

 

Also FxPro draws your attention to the fact that  fxpro.com (English) and fxpro.ru.com (Russian) are the only 2 official websites of the forex brand. This is something any existing or potential FxPro client should keep in mind when considering any transactions or other activities.

 

The thing is that many FxPRo clients, both inexperienced and seasoned traders and investors, have already fallen prey to those scams due to being unattentive or driven by the promises of huge profits. The fake sites promote some trading robot that is claimed to make you tons of money in no time. They also promise you access to cryptocurrency markets. Obviously, that's a lie!

 

The client feedback related to fxpro24 is purely negative - people keep losing money, with no chance of stopping the trading process or getting their money back.

 

FxPro would appreciate it if you could really careful and attentive when navigating to the company's website. These are the only 2 valid domains: fxpro.com and fxpro.ru.com.

 

If you come across another fake website like fxpro24 on the web, or pretty much any other website claiming to be related to the FxPro brand, please don't hesitate to report this case to FxPro's rech support.

 

Please, always keep in mind that you can win big in the long run only by working with a trusted and reliable forex broker!


 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Tape Patterns Indicator

Traders often use various kinds of technical indicators these days. The list can be rather long, from popular ones like RIS, MACD etc. to less popular ones like Tape Patterns.
Publication date: 30 September 08:52 AM

Bitcoin's Getting Ready For a Strong Rally

While Bitcoin could have been more volatile over the recent weeks, the king of cryptocurrencies stoped in the range between 10K and 11K dollars per coin. Do BTC miners know in which way the coin is going in the near future?

Publication date: 30 September 04:07 AM

Bloomberg: Crypto Is Better Than Gold In 2020

According to the recent Bloomberg report, cryptocurrencies are way better than gold in terms of investments in 2020. Which is interesting, most cryptocurrencies have been growing much faster than gold this year. It's not a secret that gold is considered a safe-haven asset amid crises. Bloomberg Galaxy Crypto Index (BGCI) has gained 66% this year,while gold has gained only 20% over the same period.
Publication date: 29 September 01:07 PM

Gold Prices Drop Below $1860/oz, Seeing A Major Downtrend

On Thursday morning, the spot price of gold dropped roughly down to $1850/oz withing the scope of a strong downtrend started earlier this week, with a strong gap from the consolidation level. The key factors contributing to the price drop was the sudden strengthening of the U.S. Dollar.

Publication date: 25 September 07:39 AM

Texas Authorities Spot New Crypto Scams

The TSSB, which is the financial regulator of Texas, is reported to have revealed a couple of potential scams in the international market of cryptocurrencies. These are named Forex Birds and PEK Universe. From now on, both of these projects cannot work in Texas anymore. These projects were banned on September, 3rd.

Publication date: 18 September 01:07 PM

Cryptocurrencies On Sale: ChainLink and TRON Go Down, Bitcoin Is Stable

Wednesday's session is bringing a retracement in the market of digital assets, which is affecting the entire crypto market cap. Chainlink (LINK), TRON (TRX), and Tezos (XTZ) have been the biggest losers over the last 24 hours. They lost 9,7%, 8,7%, and 5,5% respectively. Bitcoins remains stable and one of the very few tokens among the top 20 that are still showing some gains, though modest ones.

Publication date: 16 September 12:04 PM

What's Next For Bitcoin?

Some analysts argue the future of Bitcoin, also known as the digital gold. Last week, the Winkelvoss brothers stated that the BTC price may skyrocket all the way up to 500.000 dollars per coin in the near future. This opinion is shared by Bloomberg analysts. But on the other hand, Bitcoin may see the opposite scenario, which is a major crash to make it as cheap as dirt.

Publication date: 10 September 03:00 AM

How To Get Ready For Bitcoin Boom 2020?

Cryptocurrencies keep on growing in value. If you are going to buy your first coins, this is what you should do first.
Publication date: 30 August 11:27 AM

U.S. Tech Companies Increase Stock Buyback

Publication date: 20 August 06:10 AM

Altcoin Mining Account For Over 30% Of Overall Crypto Mining Consumption

Scientists for the University of Munich urge the regulators to go beyond the BTC scope when it comes to crypto mining affecting the environment. They say that Bitcoin accounts for over 66% of the entire energy consumed by crypto mining, based on the basic algorithms, the current hashing speed, and the mining equipment used, while altcoins account for the rest of it. Consequently, altcoins add almost 50% on top of Bitcoin's energy demand, which in itself may result in considerable damage to the environment.

Publication date: 09 August 11:06 AM