Introduction to FXBullion Review:
Not everyone is aware of the importance of trading with a regulated brokerage firm. Most of the newcomers are unaware of the fact that the regulated brokerage firms are closely supervised by the regulatory authorities and therefore the possibility of the firm attempting a fraud is close to nil. In today’s review, we will be reviewing a brokerage firm that goes by the name of FXBullion. Claiming to be one of the best in the industry, FXBullion turned out to be nothing more than an offshore suspicious brokerage firm. IF you are here with the intention of knowing whether FXBullion is a scam broker or a legitimate broker, read the full FXBullion review and decide for yourself.
Address: Saint Vincent and the Grenadines
Leverage Offered: 1:1000
Minimum Initial Deposit: $100
In this section of the FXBullion.com review, we will be revealing all the red flags raised against the FXBullion scam in this FXBullion review.
FXBULLION DOES NOT HAVE A LICENSE
Despite bragging about how good their company is, FXBullion lacks a basic criterion of being benign in the financial industry, that is, the possession of a license. FXBullion cleverly tried to hide the fact that they do not have a license. A little investigation by our experts’ team revealed that FXBullion is actually UNREGULATED and is based out of Saint Vincent and the Grenadines. For those who are not aware, Saint Vincent and the Grenadines is one of the offshore zones famous for the huge number of scam brokers that are based out of it. This raises a red flag that points us to the reality of the FXBullion scam in this FXBullion review.
LEVERAGE OFF THE CHARTS
Most of the regulatory authorities have set a limit on the amount of leverage that can be offered at 1:30. This is the reason why the regulated brokerage firms do not offer leverage more than 1:30. However, the scam brokers are under no rule to offer such low leverage. In our case, FXBullion offers leverage up to 1:1000 which is huge as compared to the leverage limit. It is clear that FXBullion has done this to lure more people into their scam. This is another red flag raised against the FXBullion.com scam.
A LOT OF INFORMATION NOT DISCLOSED
Another shocking fact discovered by our team of investigators is that FXBullion does not disclose a lot of information on its website. Crucial information such as the name of the founder and the team working behind the firm is hidden by FXBullion which raises suspicion and points us to the FXBullion scam.
Conclusion: Is FXBullion really a scam?
To sum up, all that has been stated above, we leave it upon you to decide whether FXBullionis a scam broker or a legitimate one. However, we must warn you from trading with us as it is a potential scam and is unregulated. If you have been scammed by FXBullion, file a complaint with us and we will assist you in money back.
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