EagleFX Review – Is EagleFX Legit or a Scam?
Website – https://www.eaglefx.com/
Contact Information – No Information
Address – Dominic
Regulatory Warning – Ontario Securities Commission (Ontario)
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
EagleFX Review – A Risky Offshore Broker
Unregulated Operations in an Offshore Zone
CFDs on a range of assets are available from EagleFX, an STP forex and cryptocurrency broker. Still, the broker is based in Dominica, one of the countries deemed an offshore zone due to relaxed financial regulations. Since EagleFX is not regulated by any financial authority, investor funds are unprotected and thus susceptible.
Regulatory Warning from the Ontario Securities Commission (OSC)
When it comes to the Ontario Securities Commission, it has actually indicated that EagleFX is not authorized to deal in securities trading in Ontario. This, undoubtedly, raises serious doubts about the broker’s legal status and credibility in such a market because operating without proper authorization is a main sign of the dubious platform.
Negative Reviews and Withdrawal Issues
Users have expressed some alarming views about EagleFX on ForexPeaceArmy. Some complaints are:
- Trades get frozen for up to 30 minutes, potentially causing financial losses.
- Users complain about pending withdrawals with funds held since April 2022.
- Customer support is poor, giving responses very unhelpful to the existential problems.
EagleFX is unregulated with official warnings against it and serious complaints by its users. These facts indicate a high-risk trading environment where funds cannot be secured. Traders should maintain high caution and rather invest in regulated brokers for safety.
How Online Scams Work?
- Scammers often use fake celebrity endorsements to make their offers seem real.
- Unrealistic profits are promised, such as making hundreds of dollars within just a few days.
- Urgency is another trick, where you feel that you have to do it immediately or else miss the opportunity.
- They frequently make it difficult to get your money back by making excuses or delays all the time.
- Usually, there is no accurate data provided about the business or its location.
- Fake testimonials are used, sometimes with pictures that aren’t even real customers.
Steps to Follow After Being Scammed:
If you fall victim to scams, then you must act fast. The steps to follow are as follows:
Contact Your Bank: If you used a credit card to make the purchase, request a chargeback.
Collect Evidence: Save emails, receipts, and chat logs related to the scam.
Report the Scam:
- U.S. residents: Report to IC3 or FTC.
- International: Report to your national financial authority and law enforcement.
Seek Expert Help: Cyber professionals are able to locate stolen money and assist in its recovery. Lycan Retrieve is one of those professionals who can assist you.
Take Action Today
Don’t wait if you’ve been deceived by EagleFX. To discuss your options and begin your recovery process, contact us for a free consultation. Your financial security is important, and being proactive can help protect it.
At Lycan Retrieve, we work to restore your losses and deliver results. Contact us now to regain management of your finances.
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