Investor Alert: Why You Should Avoid FXopulence?

FXopulence should be avoided due to the number of complaints we are receiving from investors. There is a higher likelihood of fraudulent activities or malpractices within the platform. Investors may face challenges in seeking legal recourse or protection of their investments in case of any issues.

Recently, we got a complaint from an Indian user who's accusing the broker of being unable to withdraw. Many of the victims are blaming the broker for looting their money.

Furthermore, FXopulence has been associated with a history of poor customer service. Many users have reported difficulties in reaching out to the platform for support or assistance. This lack of responsive customer service can lead to frustration and delays in addressing any concerns or problems that investors may encounter while using the platform.

Lastly, FXopulence has faced multiple complaints regarding withdrawal issues. Some users have experienced delays or complications when trying to withdraw their funds from the platform. This can raise concerns about the platform's financial stability and reliability, making it a risky choice for investors looking to trade in the foreign exchange market.

About Fxopulence

Information written by the company

FXOpulence is a Forex/Crypto broker founded in 2018. It is based in Saint Vincent and the Grenadines and is regulated by the Financial Services Authority (FSA) and The Australian Securities and Investments Commission (ASIC). The broker offers trading services in over 28 currency pairs and commodities, indices, and cryptocurrencies. It provides its clients with the popular MetaTrader 5 trading platforms, also offering a range of account types to cater to different types of traders, including Classic and ECN accounts

Trustpilot Review

When we looked for Fxopulence reviews on Trustpilot, we discovered that just three of the 14 were good, with the remaining eleven being negative. People are criticizing the broker, and the major issue they are addressing is withdrawal.

WikiFX Review

According to the WikiFX, FXOpulence is a Ponzi Scheme. Please stay away!

• This broker has been verified to be illegal and all of its licenses have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!

• The platform is a Ponzi Scheme, which refers to the use of the “principle of value multiplication”. In the form of rolling or static fund circulation, it uses the money of the next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive, and socially harmful. By calling common person's desire for money, fraudsters on the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist for less than 3 years.

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