With the vast amount of brokerages available, choosing the right one can be a daunting task. One particular platform that has been the subject of discussion online is fedxohn.com. In this review, we’ll dive into the facts and evaluate whether fedxohn.com is a reliable online trading platform or a potential scam.
Overview
Fedxohn.com is a forex and CFD broker that offers trading in a wide range of assets, including currency pairs, commodities, shares, and cryptocurrencies. The platform offers a user-friendly website and promises to provide traders with innovative solutions to help them stay ahead in the fast-paced world of online trading.
Is fedxohn.com Regulated?
Unfortunately, fedxohn.com is an unregulated platform that automatically raises red flags and concerns for potential investors. Traders already complained about their unlicensed status and several financial warning regulatory issue. We also tried to find the license information about them, but we did not find any information.
Warnings From Financial Regulators
Furthermore, several financial regulators across the globe have issued warnings against fedxohn.com, indicating that the platform’s unregulated status and poor practices create a risk for customers and prospective investors. FCA from the UK and FINMA from Switzerland provide warning against them that they are not licensed and people should avoid them in regard to investment.
What Currency Pairs Do They Offer?
Many brokers offer a variety of currency pairs for their traders. Like others, fedxohn.com provides a broad range of tradable currency pairs, including majors, minors, and exotics. The website lists 37 forex pairs, including EUR/USD, USD/JPY, GBP/USD, and other popular pairs for trading.
Customer Support
One of the significant factors to consider in a broker is customer support. With traders located worldwide, it’s crucial to have support available 24/7 accessible worldwide. According to Fedxohn.com’s website, they offer support 24 hours a day, five days a week via phone, email, and chat. However, a few users lamented that customer service was difficult to work with and did not address their concerns effectively.
Trading Platform
Fedxohn.com uses MetaTrader 5 as its platform for trading. The platform is known for its robust analytical tools, extensive charting capabilities, and automated trading capabilities. But, it is not mandatory thing that using MT5 makes a broker legitimate. We did not find out whether they are actually using it or not.
What Do Traders Think About fedxohn.com?
Traders have mixed opinions regarding fedxohn.com. Some claim that the platform is operating without incident, while others have reported issues with the withdrawal process, poor customer service, and price manipulation. In some instances, traders have reported not receiving the money they invested in the platform. Negative reviews from traders are usually concerning if ignored by prospective traders. This shows signs of a poor track record and a broker that doesn’t care about client satisfaction and transparency.
What To Do If You Get Scammed?
Suppose you believe that you have been scammed by fedxohn.com or any broker that you suspect to be fraudulent. First, you should stop trading with the broker. Second, you can reach out to relevant authorities for assistance. Then, you should also contact us. We will provide you with a free consultation and service recommendations to help you in recovering the money.
File A Complaint Against Trends Turbo & Get Free Consultation
Final Thought
After our investigation, we have concluded that the forex and CFD trading platform Fedxohn.com is a scam broker. They have serious warning signs and customer complaints that cannot be safely ignored. They lack proper regulation, transparency, and adequate customer support. The negative fedxohn.com scam broker review should make it obvious that fedxohn.com is not a recommended platform for traders to consider investing. Traders should do their due diligence when considering a broker and prioritize those that are regulated by trusted and reliable financial authorities.
