At first glance, the fxtrategy.com website presents itself as a reputable forex broker. However, upon closer examination, it’s what’s missing that raises concerns. This company lacks proper licensing and regulation, coupled with numerous unfounded claims and deceptive advertising.
Prioritize your safety! Explore the rest of our FXTrategy review to discover how to identify potential deception.
Operating Illegally
FXTrategy, a brokerage firm claiming its headquarters in Mexico City, Mexico, raises immediate concerns due to its significant lack of corporate information necessary to establish its legal standing.
Upon verification with the jurisdictional regulator, CNBV, it becomes evident that FXTrategy lacks the necessary license to operate even within the jurisdiction it claims to be registered in. Furthermore, this broker holds no licenses from the Forex industry whatsoever.
The unmistakable conclusion is that FXTrategy conducts its operations unlawfully and is far from a safe option for investments. Its lack of transparency is deeply concerning, and there are no assurances of fund security, similar to other illicit entities like IPO Markets.
Targeting Latin American Countries
The fxtrategy.com website was established in 2021 with a primary focus on attracting customers from Mexico and several neighboring countries, including Peru, Colombia, Chile, and Brazil.
Despite the alleged restriction, international clients can still create accounts with only a phone number as a requirement, allowing FXTrategy to target investors and countries beyond the disclaimer’s scope.
Furthermore, FXTrategy engages in the practice of employing boiler room agents who scour social network profiles in search of contact details. Once they obtain your phone number, email, or other information, they engage in relentless solicitation, all with the intent of pressuring you into making deposits.
Conclusion
In conclusion, FXTrategy operates on questionable grounds, with a severe lack of transparency and proper corporate information. Despite claiming to be headquartered in Mexico City, Mexico, this brokerage lacks the necessary licensing and regulation, even within the jurisdiction it alleges to be registered in. Furthermore, FXTrategy holds no licenses from the Forex industry, which raises significant concerns about its legality and safety for investments.
The absence of transparency and regulatory oversight makes FXTrategy a risky choice for investors, with no guarantees of fund security. This situation is reminiscent of other illicit entities like Exobit.
FXTrategy primarily targets Latin American countries, including Mexico, Peru, Colombia, Chile, and Brazil. However, it also allows international clients to create accounts, utilizing phone numbers as the sole requirement, thus expanding its reach beyond its stated restrictions.
Additionally, FXTrategy engages in the concerning practice of employing boiler room agents who actively seek contact details from social network profiles. Once they obtain this information, they engage in persistent solicitation, pressuring individuals into making deposits.
Given these findings, it is strongly advised to exercise caution and avoid engaging with FXTrategy to protect your investments and personal information.
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