Is FXCess compliant? Is it a scam?

FXCess is Top 10 retail foreign exchange brokers in the worlda Bermuda-based forex broker founded in 2018. The platform claims to provide investors with financial trading services including forex, metals, indices, commodities, futures, and stocks. In addition, FXCess offers an MT4 trading platform with a minimum deposit of $10 and a leverage of up to 1:1000. However, the platform does not provide educational resources and multilingual support. FXCess operates three social media accounts: Facebook, Twitter, and Instagram.

FXCess Company Background and Regulatory Information | Is it Reliable?

FXCess Website Registration Time

According to the information displayed by whois, its domain name was registered on September 20, 2018. Compared with those reputable platforms, FXCess's registration time is relatively short.

FXCess Company Background and Regulatory Information

The background of FXCess is mysterious. Their registered entity is Notesco Limited, located in Bermuda at Nineteen, Second Floor #19 Queen Street, Hamilton HM 11, with a corporate registration number of 51491. Although it sounds official, it has been verified that the company has no effective supervision at all. Notesco Limited also operates a bunch of other broker websites, such as www.fxgiants.com, www.fxcess.com, www.fxcess-id.com, www.ironfx.com, www.ironfxcn.com and www.fxlift.com. They seem to be busy, but in fact, most of these websites are not clearly regulated and have high risks. Investors should be cautious.

FXCess Website Traffic

According to Ahrefs, FXCess's website had about 4,200 monthly visits last month, with the main visitors coming from France (1,800, 41.5%), the UK (1,200, 29.3%), Italy (632, 14.9%), Spain (378, 8.9%), and Australia (65, 1.5%). It seems that most of the users of FXCess are from Europe.

FXCess Employees

A search on LinkedIn shows that most of FXCess’s employees are from Nigeria.This is interesting because, according to the FXCess website traffic data we discussed earlier, FXCess’s main customer base is concentrated in Europe. This regional difference in employees and customer base is really curious. It may be that the company does not know much about its main market, or there may be a mismatch between employee configuration and customer needs. This situation may lead to some strange problems, such as poor service quality, because employees and customers have different cultural backgrounds and language needs, which may make communication difficult and ultimately affect the customer experience.

FXCess Education Resources

FXCess provides some free educational resources. In short, there is a basic introduction to each trading product on the Markets interface. In addition, FXCess also provides a blog page. FXCess claims to help customers make smarter trading decisions. The content includes risk management knowledge, in-depth analysis of various trading concepts, and discussions on market trends and hot topics. The blog will be updated every few days. In addition, FXCess will also post some interactive questions on social media such as Twitter to increase user participation.

FXCess User Reviews

According to the feedback from users on TraderKnows, FXCess's performance does not seem to meet expectations. Some users expressed dissatisfaction with FXCess's trading services and even felt that the company knew nothing about trading. Some mentioned that during the 9-month trading process, the platform continued to make unfavorable buying and selling decisions, resulting in losses in account funds.

Conclusion

In general, FXCess looks like a lively financial platform and it does have some attractive features, including various trading products and educational resources, and even a well-organized social media. However, in the case of unclear information, it is recommended that you spend more time to understand it before making a decision. Investing is a cautious matter. Do more research and find platforms with good reputation and credibility to better protect the safety of funds.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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