FXCess is a purportedly cutting-edge, expert broker that provides segregated client accounts, competitive spreads, and MetaTrader platforms. However, beneath this contemporary exterior is a history of deceit, false regulatory cover claims, and user annoyance on a global scale.
Website: https://www.fxcess.com/
Website Availability: Yes
Address: The Valley, AI2640, Cosely Drive, 1338, AI.
Warning Notices: Not recommended by the review website like Lycan Retrieve
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Unregulated and Misleading
Although the broker claims to be licensed by Notesco Limited of Bermuda (licence number 51491), neither company is listed in the database maintained by the Bermuda Monetary Authority. This immediately raises concerns because it implies that FXCess is operating without regulatory oversight, leaving investors without legal protection or other options.
Significant Red Flags Revealed
- False Regulation Claims: FXCess is not owned by the BMA, as their website indicates.
- Lack of Verified Trading Software: Users struggle to access working platforms even though MT4 and MT5 are promoted.
- Fake Reviews: A large number of positive online reviews are questionable or fraudulent.
- Unnecessary “transfer taxes” or withdrawal fees are often paid by users.
- Poor Customer Support: It is very difficult to contact FXCess using the contact information they have supplied.
Real Trader Experiences
Many traders have experienced login problems, lost money, and unexpected account blocking. Support stops reacting once deposits are complete, and gains are suddenly unbound. The platform’s unreliability is confirmed by the large number of FXCess complaints on websites such as Reddit.
Commonly Asked Questions (FAQs)
Q1: Is FXCess subject to regulations?
A: Not at all. Despite not being registered with the Bermuda Monetary Authority, FXCess falsely claims to be regulated by the BMA.
Q2: Am I able to trust the FXCess platform or app?
A: No. Users experience unreliable access and suspicious trading.
Q3: Is FXCess a scam?
A: On the basis of regulatory misinformation and customer complaints, FXCess seems to be a scam broker.
Conclusion:
Stay away from FXCess and select a regulated, transparent broker to save your money.
Take Informed Action
Are you scammed by FXCess or another scam broker? At Lycan Retrieve, we help you explore your options to recover your losses and get started with a free consultation! Our team is committed to restoring your trust and recovering your losses! We can help you financially recover and get back what is yours! Contact us today! Lycan Retrieve is here to help at every step!
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