Score
FOGEE
United Kingdom|2-5 years| https://www.fogee.vip/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
fogee.vip
Server Location
Hong Kong
Website Domain Name
fogee.vip
Server IP
124.156.188.36
Company Summary
Note: FOGEE's official website: https://www.fogee.vip/ is currently inaccessible normally.
FOGEE Information
FOGEE is a brokerage company registered in the UNITED Kingdom at 275 NEW NORTH ROAD LONDON UNITED LINGDOM N1 7AA, the date of incorporation is unknown.
The brokerage provided email support@smartcontractlimited.com, wechat, WhatsApp and social media platforms including Facebook, Twitter, Instagram and YouTube to resolve customer issues.
However, more importantly, the US NFA regulation (regulatory number: 0539541) claimed by the brokerage is suspected to be a set of cards, so the brokerage has no effective supervision at present. Recently, the brokerage received more complaints, please traders to guard against risks, beware of fraud.
Is FOGEE Legit？
FOGEE is said to be regulated by the US NFA (regulatory number: 0539541), but it is suspected to be a card scheme, so the brokerage is not under any effective supervision.
It is recommended that consumers stay away from the brokerage, choose a brokerage with more sound supervision and a higher degree of safety to trade, and pay attention to personal trading safety.
 | NFA |
| Current Status | Suspicious Clone |
| Regulated by | United States |
| License Type | General finance licence |
| License No. | 0539541 |
| Licensed Institution | FOGEE LIMITED |
Account Types
FOGEE offers two types of accounts for consumers: Prime Account and Std Account. The two accounts have different levels of maximum leverage, minimum deposit, and minimum spread.
| Account types | Prime Account | Std Account |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | 1000 | 100 |
| Minimum Spreads | 0.1 | 1.3 |
| Commission | $7 | free |
The maximum leverage offered by FOGEE is 1:500, which is relatively high.
In terms of minimum deposits, the minimum initial deposit is $1,000 for the Prime Account and $100 for the Std Account.
Spreads & Commission
Spreads and commissionsvary from account to account, with spreads starting at 0.1 on a Prime Account and a commission of $7. Std Account spreads start at 0.1 and there is no commission.
Trading Platform
FOGEE offers its traders the mt5 trading platform. The metatrader platform is chosen by most brokers and traders in the world. More time frames and technical indicators than mt4, equipped with all the positive features of the mt4 trading platform.
Deposit & Withdrawal
In terms of minimum deposits, the minimum initial deposit is $1,000 for the Prime Account and $100 for the Std Account.
FOGEE enables traders to fund their accounts via visa, mastercard debit/credit cards, UnionPay, skrill, neteller and bank transfers. And FOGEE claims there are no fees for deposits or withdrawals.
Downsides of FOGEE
FOGEE has the following shortcomings that make it unable to qualify as a brokerage.
First, the official website of the brokerage, consumers can not normally open for browsing, can not get the overall information of the brokerage.
Second, the non-disclosure of information leads to the extreme lack of transparency of the brokerage, and it is difficult to obtain the trust of consumers.
Third, although there is supervision, it is suspected of fraud.
Finally, the company was exposed to more than 20 pieces of information, and the wind was very poor. Among them, there are a number of exposures that mention the problem of being unable to withdraw money, which proves that brokerage has serious problems in actual operation.
It is recommended that consumers view the brokerage rationally and conduct scientific evaluation when choosing brokerage transactions.
Negative FOGEE Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are 24 pieces of FOGEE exposure in total. I will introduce 2 of them.
Exposure 1. Unable to withdraw
| Classification | Unable to withdraw money and fraud |
| Date | 2021-12-08 |
| Post Country | Romania |
Exposure 2. Inducement of fraud
| Classification | Financial fraud problem |
| Date | 2022-01-25 |
| Post Country | Switzerland |
Conclusion
To sum up, FOGEE can't be considered a qualified broker because it exposes too many shortcomings.
Its website's inaccessibility, lack of transparency and lack of effective regulation could turn off potential consumers.
In addition, because of the high exposure of brokerage, the problems involved are serious, and there are types of problems such as inability to withdraw money and induction of fraud, so that traders' rights and interests are seriously damaged.
Therefore, the actions of broker should make all traders vigilant and ensure the safety of personal rights and interests.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 26
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Review 26
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FX3314734251
Switzerland
This woman used fake ID and deceived me for 40 thousands dollars on Fogee, a platform for trading forex. Up to now, my account of $220,000 has disappeared. I cannot log in to the website. Her name is Han Xue on Telegram. The phone number is from Hong Kong: 85254857428. Damn it.
Exposure
2022-01-25
FX4061184466
Romania
I met a person on social media, and was introduced as a trading person which guided me to access the FOGEE LTD platform and invested the amount of 119.300 USD since 11.Aug.2021. Since then, I`ve made several transactions with this person via ZALO and the https://www.fogee.vip/index.html. The first incident was happened when this ZALO "customer service" asked me to unfreeze my account for a amount of 33.000 USD payment in 2 separate payments ( 20.000 USD and 13.000 USD). After this transaction was completed , This ZALO "customer service" requested me to pay another 20.000 USD to withdrawal the amount. After the payment was done, this ZALO "customer service" requested me again to pay 20.100 USD for the taxes. At that time, I did a research and I realize did is a scam. All the transactions was done in Viet Nam. I have all the evidences, proofs and information of conversations between me, FOGEE LTD and the person.
Exposure
2021-12-08
FX4566143212
India
I have an account with Fogee Limited. I come to contact with One broker name-Lisa, after trading i have make good profit with advise of Lisa of $ 2500, When i asked to refund they asked me to pay 40 % of tax and Comission, I paid 935 USD as Comission but yet he is no refunding money informing that you involved in financing and borrowing from our analyst. I request many times but yet are telling that you deposit 2000$ USD as security and we will release all amount. They have seased my acount for trading and harrasing mentaly to me.,Kindly help. [D83D][DE2D]
Exposure
2021-12-04
Flower
Malaysia
Unable to withdraw. It asked for 15% tax and control the data. Please help me get my money back.
Exposure
2021-11-14
Manish Kumar Rai
India
few days back I received unknown WhatsApp and being well wealthy she told me to help in commodity trading open account with fogee on mt5 and in few days make profit approx 37000usd when I request for withdraw some amount she given customer service manager no and that Manager ask me for tax 30% of total withdraw after some negotiation I change my plan and ask for withdraw only 200usd and paid 62 usdt as tax after some time he denied that fund not received and your account freeze
Exposure
2021-11-10
FX3899225192
Taiwan
I just invested NT $500000 at about 10 a.m. on October 29. Mr. Hong Tianfeng, an investment stock group, recommended foreign exchange trading and intelligent quantitative trading. Assistant Chen manling Winny told me to remit money in 30 minutes. I transferred in to confirm receipt of the payment. MT5 also began trading foreign exchange, and one transaction also left the market (making profits). In the evening, the assistant informed me that there was a problem with the acceptor of fogee platform and did not receive the payment. Every Tuesday, Thursday and Sunday, there will be voice teaching at 8 p.m. There will be another teacher on Monday, Wednesday and Friday. The teacher also told me that the platform has been inspected (I have no problem with the fund in and out again, and a company will be established at the end of November to win trust). As a result, I transferred the money into NT $500000 and didn't receive the money. He has so many students that I don't believe his reputation will be damaged. I am also an old student. I also joined the vipotor foreign exchange. As a result, my account was stolen in less than a week, and then it was cancelled. Two investments, intelligent quantification and foreign exchange, I have encountered fraud. Return the 500000 as soon as possible. I don't believe that the 500000 will not damage Mr. Hong's reputation. After that, I didn't need to promote it. I was told to report directly and block the account. Teacher Hong Tianfeng (assistants are of fake photos, including manling, Lina and Yufei) was likely to belong to a fraud group. It's very strange. I hope no one will be cheated again.
Exposure
2021-11-04
FX1943080577
India
I am going for withdraw money but they say me you cant able to withdraw money because your account balance is less than 1000usd & account opening time they say me you need only 500usd in your account
Exposure
2021-10-27
FX8337832652
Thailand
It required 20% tax and membership fee of $2300 before withdrawal. If your account was at risk, you had to pay 25% further.
Exposure
2021-10-10
FX1870630964
Nigeria
IF YOU WANT INVEST TRY TO DEEPLY INVESTIGATE THE BROKER YOU ARE TRYING TO INVEST WITH BECAUSE SCAMMERS ARE EVERY WHERE BELOW ARE THE SCREENSHOT
Exposure
2021-09-13
FX3720644366
India
They are saying to pay 10% Tax to them for withdrawal, I have invested 3000$ by paying through biance Tether Tethet on address given by them,they convert 3000$ to 8000$ after that they says I have to pay 2000$ commission,i also agreed,but they said I have to pay before withdrawal else they will freeze my account, I have to pay through biance, I pay 940$ and ask for withdrawal,they said I can withdraw but I have to pay 10% tax which will 800$+ Now I confirmed that I get scammed
Exposure
2021-09-12
FX6680524992
Vietnam
It was a scam. I could not withdraw for 5 months. Its email was support@smartcontractlimited.com.
Exposure
2021-09-03
FotoArtist Studio
Thailand
I can’t withdraw my money from broker and customer service is no longer respond to me messages. Beware scammer
Exposure
2021-08-17
FX6680524992
Vietnam
They asked me to pay 20% tax and took my money away. The website was Smartcontractlimited.com. Its email address was support@smartcontractlimited.com. It changed name to FOGEE. They blocked all the past users.
Exposure
2021-08-16
FX1252193570
Vietnam
I created 2 order for withdrawl, they just see not reply. The women has reconmended me to go to this platform has blocked me after I found out this platform is a scam
Exposure
2021-08-13
FX1273698387
Indonesia
i can't believe it, it so difficult to only withdraw funds. and finally i can't withdrawal
Exposure
2021-08-12
FX3446689057
Thailand
They say that 10% tax on all income must be paid before withdrawal, which is clearly a 100% scam, no tax is collected. There is no prepayment in any case with other brokers.
Exposure
2021-08-03
Jade碧玉
Vietnam
The license they sent me was of no stamp or edit mark.
Exposure
2021-07-31
Jade碧玉
Vietnam
You had to pay 20% personal tax before withdrawing. If you disagreed, the tax would be taken from the funds. It was obviously a scam. And you had to pay 30% risk management fee ($3,800).
Exposure
2021-07-31
Jade碧玉
Vietnam
On July 23, 2021, I traded GU at 0.8 lot/trading volume. The slippage was severe and I spent $10,000. I made a complaint and they compensated me $4,400.
Exposure
2021-07-31
Jade碧玉
Vietnam
I could withdraw when the trading volume was small or at loss. But when I make profits, they refused my withdrawal and asked for 20% personal tax and 30% risk management fine.
Exposure
2021-07-31