Note: FX Trading Corp's official site - https://fxtradingcorp.trade/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is FX Trading Corp？
FX Trading Corp is a broker based in South Korea, operating without any regulatory oversight. The absence of regulation poses multiple risks to investors, making it important for clients to evaluate the broker carefully before investing. Without an accessible website, it's harder for users to gain information.
Pros & Cons
Pros:
Cons:
Dead Website: The platform doesn't have an active website, hampering customers' ability to access key information about the company's services, terms, and conditions.
Lack of Regulation: The platform is not regulated by any recognized financial regulatory authority, posing serious credibility and fund safety concerns.
Limited Market Instruments: The platform mainly deals with cryptocurrencies, limiting the investment options for those looking to diversify their trading portfolio.
Is FX Trading Corp Safe or Scam？
Regulatory Sight: FX Trading Corp is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
FX Trading Corp primarily deals with cryptocurrencies as their main market instrument. This includes digital currencies like Bitcoin, Ethereum, and other altcoins. Cryptocurrencies are volatile assets that can present distinct opportunities and risks for traders. This feature is very suitable for traders who prefer trading cryptocurrencies.
Customer Support
FX Trading Corp offers a couple of methods for customer support. Clients can reach out to them via email at support@fxtradingcorp.com for written inquiries and support. Furthermore, they maintain a presence on social media platforms like Facebook, which can be used for quick updates, announcements, and direct messaging.
Conclusion
Though requiring a relatively low minimum deposit, FX Trading Corp presents a lack of regulation, an inactive website, and limited market instruments, which raise significant concerns about its credibility and safety for investors. Traders should be more cautious about this broker. And we do not recommend users to try this one.
Frequently Asked Questions (FAQs)
Q: What is the minimum deposit of FX Trading Corp？
A: The minimum deposit is $100.
Q: Is FX Trading Corp regulated？
A: No, it is not regulated.
Q: Is FX Trading Corp a good choice for beginners or not？
A: No, it is not. Due to a lack of regulation, an inaccessible official website, and limited market instruments, FX Trading Corp is not recommended for beginner users.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
