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• Our Review Method

• Is FXG Invest Scam or Legit Broker?

• What is FXG Invest?

• 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 FXG Invest due to the issues we've identified.

Is FXG Invest Scam or Legit Broker? ▲

FXG Invest has been identified as a potential scam broker. This brokerage has been blacklisted by a renowned regulatory authority, signaling a significant red flag for potential traders. Owned by Grand Services LTD, FXG Invest finds its registration in the Marshall Islands. The Marshall Islands are infamously recognized for their lax regulations and practically non-existent requirements for forex trading. This has made it a haven for questionable forex brokers, including but not limited to MegaTradeFX and Finbitex.

• Registration Location: Marshall Islands

• Type of License: Offshore License

• Trading Safety: No, FXG Invest is not considered safe for trading.

• Recommended Licenses: It is advised to choose brokers regulated by reputable authorities such as the FCA in the UK or ASIC in Australia.

What is FXG Invest? ▲

FXG Invest operates as a Forex and CFD broker, with Grand Services LTD holding ownership and Nordic Pearl Limited handling operations. Despite claims of being registered in Bulgaria, FXG Invest lacks regulation from the Bulgarian Financial Supervision Commission or any relevant financial authority. Adding to the suspicion is the provision of a Swiss contact number, which raises questions about the broker's legitimacy.

Furthermore, a deeper investigation into Nordic Pearl Limited reveals its association with forexgrand.com, a platform that has been banned by various regulators for fraudulent activities. Notably, Italy's CONSOB and Canada's BCSC have both blacklisted Nordic Pearl Limited, citing unauthorized investment services through forexgrand.com.

Conclusion ▲

After a comprehensive analysis, our recommendation is to steer clear of FXG Invest. The broker's non-regulation and offshore licensing are pivotal concerns, as these attributes are commonly associated with scam operations. We strongly advocate for trading with brokers that are regulated by esteemed global authorities, ensuring compliance with rigorous rules and maintaining a reputable operational history.

Pros:

• None identified.

Cons:

• Blacklisted by a well-known regulatory authority.

• Registered in the Marshall Islands, known for lax regulations.

• Lack of regulation by any reputable financial authority.

• Associated with a company previously involved in scam operations.

• Inactive website, indicating a ceased operation yet potential for resurgence.

Given the outlined concerns, it is evident that engaging with FXG Invest poses significant risks. For those seeking to trade forex and CFDs, it is imperative to choose brokers regulated by respected entities such as the FCA in the UK or ASIC in Australia. Trading with well-regulated brokers not only provides a safeguarded trading environment but also ensures adherence to stringent regulatory standards, contributing to a more secure trading experience.