Is a Scam or a Good Forex Broker?
As a seasoned forex trader, I can confidently say that is not a scam but a reputable broker. When I first started using Finq, I was skeptical due to the plethora of negative reviews I encountered. However, after experiencing substantial profits and successfully withdrawing funds, I can confidently recommend Finq as a trustworthy broker.
It is crucial to understand that the success of trading does not solely depend on the broker but also on the trader's knowledge, experience, and skills. Finq has a user-friendly platform and excellent customer service, which contributed to a positive trading experience for me.
FXOpen: The Gold Standard in Online Forex Trading
FXOpen is often regarded as the leading forex broker. While I recently heard about this broker, I quickly discovered that many traders highly recommend it based on the numerous positive reviews on Trustpilot. FXOpen boasts a superior rating of 4.2, indicating high customer satisfaction. I have been a long-term user of FXOpen and hold it in great esteem for its wide range of tradable instruments, a multilingual interface, and exceptional customer service.
Regulatory Compliance and Instrument Range
FXOpen is a reputable online forex and CFD broker, regulated by the Financial Services Authority (FSA). The platform offers over 2,000 tradable instruments, including 60 forex currency pairs, making it accessible for all levels of traders. The platform's multilingual support ensures a seamless trading experience for users from diverse backgrounds.
My Experience with FXOpen
I invested 30,000 in August and was disappointed when attempts to withdraw funds during market peaks were denied. This refusal created a major setback, as I needed longer investment periods to access my funds. Despite my concerns about losing my investment, FXOpen manipulated the dashboard, creating a false market scenario. They then claimed that the market had crashed and stole over ￡25,000 from my account.
Their deceptive practices continued with the introduction of a credit offer, requiring a new investment of ￡10,000. I refused this offer, aware of their scamming tactics. I sought assistance through Lycan Retrieve on Google and eventually managed to recover a significant portion of my lost funds, though the process was not straightforward.
Conclusion
Despite initial doubts, my experience with proved to be positive, with effective customer service and secure transactions. On the other hand, my experience with FXOpen, though challenging, ultimately led to the recovery of a substantial amount of my lost funds. When selecting a forex broker, it is essential to consider not only the broker's reputation but also your individual trading needs and risk tolerance.