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• Our Review Method

• Is FXC Markets Scam or Legit Broker?

• What is FXC Markets?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding FXC Markets due to the issues we've identified.

Is FXC Markets Scam or Legit Broker? ▲

Upon thorough investigation and based on the evidence gathered, concerns have been raised about the legitimacy of FXC Markets. Operated by BT Systems LTD, this Forex and CFDs brokerage firm is located in the Marshall Islands, a known offshore haven where financial services regulation is either lax or non-existent. FXC Markets lacks any form of authorization or licensing from reputable financial regulatory bodies, which raises significant red flags regarding its operations.

Several countries have even gone as far as to restrict their residents from opening trading accounts with FXC Markets, highlighting the broker's questionable status within the global trading community. The absence of regulatory oversight from esteemed entities such as the Financial Conduct Authority (FCA) in the United Kingdom or the Australian Securities and Investments Commission (ASIC) further undermines the broker’s reliability and safety as a trading platform.

Pros:

• None identified.

Cons:

• Lack of reputable regulatory oversight.

• Registered in an offshore jurisdiction known for lax financial regulation.

• Reports and suspicions of being a scam broker.

• Restricted in many jurisdictions, indicating lack of trust.

• Absence from the list of brokers regulated by toptier authorities like the FCA or ASIC.

What is FXC Markets? ▲

FXC Markets presents itself as a Forex and Contracts for Difference (CFDs) brokerage, under the ownership and management of BT Systems LTD, with registration in the Marshall Islands. This location is notorious for its light-touch approach to financial regulation, often making it a haven for entities looking to operate with minimal oversight.

The brokerage provides scant information about its operations, offering only two contact numbers with British and Spanish country codes. This practice suggests an attempt to target residents within the European Union, despite lacking the necessary regulatory approval from relevant EU financial authorities like the UK's Financial Conduct Authority (FCA) or Spain's National Securities Market Commission (CNMV). Furthermore, FXC Markets has found itself on the receiving end of a blacklist by Italy's Commissione Nazionale per le Società e la Borsa (CONSOB), casting further doubt on its credibility and the safety of trading with them.

With a backdrop of missing crucial regulatory endorsements and insufficient transparency about its operational details, FXC Markets' appeal to potential traders is severely compromised.

Pros:

• Offers trading in Forex and CFDs.

Cons:

• Operates from an offshore jurisdiction with no stringent financial regulation.

• Lacks transparency in providing operational details.

• Not regulated by any reputable financial oversight authority.

• Blacklisted by Italy's financial regulatory body, CONSOB.

• Targets EU residents without proper authorization.

Conclusion ▲

In light of our extensive review and the concerns unearthed regarding FXC Markets, we strongly caution against engaging with this broker. The absence of regulation from reputable financial authorities and the broker's base in an offshore location known for minimal oversight are glaring indicators of potential risk. Moreover, the broker's exclusion from esteemed regulatory lists and its blacklisting by Italy's CONSOB further erode any semblance of trustworthiness or security.

Our advice to traders, both novice and experienced, is to prioritize safety and regulatory compliance when selecting a trading partner. Opting for brokers regulated by well-regarded authorities such as the UK's FCA or Australia's ASIC ensures a level of protection and peace of mind that unregulated entities like FXC Markets simply cannot offer. In our review of over 1000 brokers, we have identified numerous reliable alternatives that adhere to strict regulatory standards and offer a secure trading environment.

FXC Markets' recent inactivity and the unavailability of its website serve as the final nails in the coffin, reinforcing our recommendation to steer clear of offshore-based brokers and instead focus on those with a proven track record of transparency, reliability, and regulatory compliance.