Before beginning to trade with a new fx broker or any other trading platform, an investor has to be aware of their broker. You should read this in-depth FXGiants review if you intend to trade with FXGiants. The Scam Help Center Team believes that Fxgiants.com.au is a dishonest broker. Read the details here.
Website – https://www.fxgiants.com.au/
Website Availability – Yes
Address – Australia
Blacklisted Status – Not Recommended By Review Website Like Scam Help Center
Domain Age Information –
- Domain Name: fxgiants.com.au
- Registry Domain ID: be80c842bdab4416b09cf5e9f23fd274-AU
- Registrar WHOIS Server: whois.auda.org.au
- Registrar URL: https://domaincentral.com.au/contact-details/
- Last Modified: 2024-10-06T12:34:55Z
- Registrar Name: Fluccs – The Australian Cloud Pty Ltd
- Registrar Abuse Contact Email: [email protected]
- Registrar Abuse Contact Phone: +61.730187566
Fraudulent Conduct by FXGiants Broker
The official FXGiants website, located at https://www.fxgiants.com.au/, is presently down. FXGiants is an online broker that was founded in 2015 and offers institutional and retail traders the ability to trade more than 200 products across a range of asset classes. Under Notesco Pty Limited, which is governed by Australian Securities and Investments Commission (ASIC) under license number 417482, FXGiants AU is operational. However, questions have been raised over the company’s validity and regulatory standing due to the possibility that this license is a clone. To reduce any dangers, traders should use caution while working with these companies.
Negative Reviews and Red Flags
The frequency of unfavorable reviews on different platforms is a crucial component in assessing FXGiants’s dependability. Problems with withdrawal, unhelpful customer support, false information, and obvious indications of romance and other fraud are frequently brought up in these reviews. Prospective investors are advised to proceed with caution and take into consideration more reliable forex trading firms from the list of legitimate forex brokers, as the many unfavorable reviews highlight the hazards associated with trading on this platform.
Looking to invest safely? Choose a licensed and regulated forex brokers and avoid these fraudulent brokers 2024.
The Role and Importance of Regulatory Warnings
The most significant indicator of potential deceit is the lack of regulatory supervision, either completely or insufficiently. Regulatory bodies such as the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, and others issue warnings against unlicensed brokers operating without recognized financial norms. Examine the regulatory warnings to confirm the legitimacy of FXGiants’s operations and the safety of investor funds.
Having a regulatory license adds another level of safety for traders by guaranteeing that the broker complies with strict guidelines including sufficient capital, transparency, and ethical conduct. It gives investors a safety net in case of disagreements or misconduct, which is lacking when working with unregulated businesses. In an FXGiants review, the importance of choosing a licensed broker is often highlighted due to these safeguards.
Why Should You Avoid Trading with Unlicensed/Unregulated Brokers?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Other possible fraudulent activities of FXGiants broker
FXGiants seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
FXGiants offers assets that are highly risky and result in huge losses for investors.
Fxgiants.com.au sales staff continues to call the investors and force them to invest more and more money.
Final Conclusion- Is FXGiants a fraudulent or legit broker?
Given the regulatory warnings and negative FXGiants reviews, this situation suggests it may be a potential scam. Investors are advised to exercise extreme caution and consider choosing forex trading platforms with proper regulatory licenses and a strong reputation in the trading community.
Concerned about potential deceit? Protect yourself from internet dating scams, romance fraud, and fraudulent brokers by getting a free consultation.
Got Scammed by FXGiants? Scam Help Center Is Your Solution for a Refund!
For victims of Fxgiants.com.au, getting help through platforms like the Scam Help Center is important. If you suspect deceit, filing a chargeback might help you get your funds back. To successfully enhance your case and speed up the recovery procedure, take immediate action and document everything thoroughly.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
Visit our Facebook page – Scam Help Center
Twitter – Scam Help Center
