Fxglory Review – Is Fxglory Legit or a Scam?
Website – https://fxglory.com/
Address – Saint Vincent and the Grenadines
Regulatory Warning – Not Recommended By Review Website Like Lycan Retrieve
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Fxglory Review – A Risky Offshore Broker?
Overview of Fxglory
Fxglory has been offering financial services since 2010 as an online broker that allows its clients to trade in forex, precious metals, and oil at a 1:3000 maximum leverage using MT4 and MT5 trading platforms. Despite its years of operating in this industry, Fxglory has not escaped the tag of being classified as an offshore broker, not regulated under any recognized financial authority, thus raising concerns in the areas of investor protection and fund security.
Negative Reviews and Customer Complaints
There are many traders of the Forex Peace Army who have serious complaints against Fxglory. One among them said that his request was followed up for the withdrawal of $3,100 in XRP, however, he only received $1,300, and the remaining amount was withheld. Besides, there have not been any responses from customer service and vague explanations from the higher department, which raises suspicion. Another trader stated that he had two accounts doubled yet, suddenly, Fxglory cut down on the leverage from 1:3000 to 1:50 without notice while they had open trades, resulting in considerable losses. When respondees were asked by Fxglory, they pushed the blame to their risk management department but declined clarification for further explanation.
Regulatory Risks and Fund Safety Concerns
As an unregulated offshore broker, Fxglory does not offer the same protection for investors as licensed brokers. Many traders complain about withdrawal issues and sudden changes in trading conditions, making it a high-risk choice for investors.
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 Fxglory. 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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