Name of Broker – 7XFX
Website – https://7xfx.com/
Regulated By – Seems Not Regulated
Owned by the – NA
Warning Issued By – Financial Conduct Authority
7XFX Review Introduction
7XFX is an offshore merchant enrolled in St. Vincent and the Grenadines. Its site has a huge measure of deceitful cases. The British regulation body Financial Conduct Authority blacklisted 7XFX and affirms it’s nothing else except a fake plan. Genuine regulators routinely warn scam elements, so if you see a business with such warnings, then it’s a trick, and you should stay away from them.
Also, 7XFX is an unregulated broker that makes bogus cases and unlawfully targets British financial backers. These are obvious signs of fraudsters, considering that 7XFX’s site is practically mysterious, and traders do not have a chance to contact this broker.
There have been proofs of scam activities done by this broker as All Scam Reports Team has done a thorough investigation. If you want to safeguard your funds and avoid these scams, you should read 7XFX reviews to know about the scam activities of broker in detail.
Examine the below-mentioned points in 7XFX Review to know the reliability of Broker –
When you are looking for a trade, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged 7XFX Trading Review in our list of scam brokers.
Regulation Status of 7XFX –
The regulation status of a broker is one of the most critical points while choosing the right broker. According to trade.7xfx.com reviews, the broker seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that trade.7xfx.com has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with.
Complaints Against 7XFX Broker –
A number of complaints have been found regarding the 7XFX broker in the various online review sites. A low rating on several online platforms makes it clear that the broker has a negative reputation among the investors. The investors have accused them of being scam brokers and state how they have been victims of the 7XFX trading scam and lost all their money and efforts to them.
Leverages and Accounts
The genuine brokers that are operating in the market often require low deposits as high deposits are not in the favour of the regulatory bodies. Whereas, this broker tends to charge a huge deposit amount that is a major red flag to avoid moving further with your investment journey. The same criteria goes with leverage, as the leverage offered by legit firms is low and in small amounts. Whereas, the 7XFX broker tends to offer high leverage, shaping it as a scam broker.
Final Thoughts –
All Scam Reports Team advise the user to avoid investing here, as we have found that the 7XFX broker is a suspicious broker, operating without any legal license. Compiling together all the points mentioned in this 7XFX review, it can be concluded that 7XFX is a potential scam broker. Investors should always remember that the scammers don’t have any right to take away their funds with illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers. All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill a small complaint form and we will be in touch with you shortly with a Free consultation.
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