FOREX FXCL goes out of business, leaving 50,000 clients high and dry LeapRate – SCAMMERS! (FXCL) Markets Ltd. – Forex SCAMM Company! Be carefull!
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.

Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Base information about Forex SCAM company:

Real adress in Philipines and company name is:

Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
639776459387 / 639155292409

Lea Jean Belleza
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines

James Tulabot
Team Leader

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines

Virgilito Dada
Account Manager

Elton Danao
Sale Manager
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

The FOREX FXCL’s primary mission is to provide their clients with the safe trading, offering high-quality service. The FOREX FXCL team is doing everything possible to make trading on Forex market simple and efficient. At this moment the website of FOREX FXCL is still live, including an open forum which has various testimonials regarding the management of the broker FXCL age. Less than a fortnight later, the broker FXCL conceded that withdrawals had to be frozen as there was no money left, with Mr. Komysa placing the blame firmly at the door of online payment operator Dengi Online. Earlier today, the website of troubled FX broker FXCL appeared with much lighter content than during its period of operation, containing solely an announcement by said company President, Roman Komysa.
FOREX FXCL — Forex Broker
The borrower of the shares would then hopefully to be able to buy an equivalent number of shares to what they borrowed later, but at a cheaper price, repaying the loan and pocketing the difference as profit. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not forex money that you cannot afford forex lose. The company has not expected such an increase in withdrawal requests within a short period of time. We should be done processing the requests by the end of February. Clients will not be able to file more than one withdrawal request per week, forex ukraine, while the management of the firm works on accelerating the verification process necessary to process withdrawals of out clients.

FOREX FXCL — Forex Broker

A swap free account is an account which does not charge or pay any overnight interest on positions kept open over 5pm New York time, which is a common practice in Forex trading. These swap free accounts can remove the riba element from Forex trading, making them suitable for Islamic Forex traders. This is done not only with market indices, but of course also ETFs. There is a large number of Shariah-compliant ETFs and these can be another option for Muslims who want to be exposed to a broad range of shariah-compliant stocks. Clients of the company forex ukraine demanding an explanation from management and contemplating to organize a conference about the current issues. One of the participants in the forum says that the payment system OnlyMoney had not been operating since December. The original text of this article was published on Forex Magnates Russia by Vadim Sviderski, the article was translated to English by Victor Golovtchenko. Both companies have been major competitors on the Ukrainian market, suing aggressive advertising strategies and dedicating substantial budgets for active involvement of several popular figures in their commercials. As current experience shows, a crisis scenario is in place only after the payment systems of the broker FXCL age stop handling the tasks at hand. After the companies shut them down, all withdrawals will be suspended.
FOREX FXCL group (Closed)
This is unlikely to be the case, unless the index is from the stock market of an Islamic country which imposes Islamic law upon its stock market. We can start by saying that Islam recognizes that nearly all adult human beings strive to improve their financial positions, and that life involves a large element of uncertainty. In life we are confronted with many choices, the outcome of which is unclear, and we strive to use intelligence and skill in choosing the available option that will produce the superior outcome. However, we then must go on to say that gambling is strictly forbidden by Islamic law, even as a form of recreation or entertainment when undertaken with small monies which the gambler might be said to be able to afford to lose. Having reduced the issue to one of trading spot Forex and assuming there is no interest element deemed to be involved, we move onto the next issue. It would seem to be permissible only “so long as it is hand to hand”.

Forex FXCL — Forex Broker Rating, Reviews 2022

Traditional-style short selling, where stocks or shares are borrowed at interest to be sold, is widely agreed to be haram. Fortunately, this is not a problem in Forex trading, as currencies are paired, so “going short” in Forex does not necessarily have to involve borrowing any asset or any interest element. Trading is not haram, provided that there is 1) no interest element, 2) trades are conducted “hand to hand”, and 3) the stocks, commodities, or currencies purchased do not offend against the tenets of Islam. Therefore, the question as to whether trading such indices is halal is an important one. In the olden days, there were of course no computers or telephones, so the aspect of making a deal face to face wasn’t much of a question.
fxcl scammers fxcl scammers
Before investing in foreign exchange, carefully consider your level of experience and risk appetite. CFDs are complex instruments and bring high risk of losing money because of the leverage they provide. No information or opinion contained on this site should be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. Past performance should not be considered evidence or guarantee for future performance. Between 74 and 89% of retail investors accounts lose money. Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch. It therefore seems clear that the key issue in Islamic law regarding the trading of stocks or shares is whether owning part of the company itself is haram.

What Qualifies as “Hand to Hand”?

The announcement stated that FOREX FXCL has gone out of business due to its insolvency, citing that the funds have been stolen by third parties, Dengi Online in particular. In his final address to clients, the President of the ill-fated FX broker FXCL FOREX FXCL has announced that the company is forced to terminate all operations due to lack of funds. Beste gratis forex robot 2020 The free download is available at the bottom of the post. In forums trying to convince noobs how great their robot is. lol. Please make sure your comments are appropriate and that they do not forex scam promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. As long as there is no interest element and deals are concluded immediately with some logical reasoning to expect a likelihood of resulting financial gain, there is no clear reason why Islam must prohibit online Forex trading. In Forex, “short selling” refers only to a making a trade where it is hoped the price of a currency pair or cross goes down.

Wednesday, forex, March 9, First read very well their contract and then!!!!! Dar wong forex DAR Wong has 25 years of trading experiences in global Derivatives and FOREX markets. Whether Forex is gambling depends upon the intention of the Forex trader. If a trader uses a method of analysis which has proven profitable in the past, it is risky, but cannot be called gambling as the term is usually understood.

All reviews represent only their author’s opinion, which is not necessarily based on the real facts. Personal manager and increased interest rate on funds for accounts with $100,000+. The FOREX FXCL Group has proved to be a reliable partner for more than 100,000 registered traders around the world. If your first deposit is close to $1,000 you receive 50% bonus for it. VIP program- Personal manager and increased interest rate on funds for accounts with $100,000+. According to one of the rules of company Forex FXCL Group communication with representatives of the security services of this company is possible only by e-mail. The investment products offered by Liquid Markets UK are covered by the Financial Services Compensat…

  • FOREX FXCL has been featuring in numerous blacklists for quite some time, including the blacklist of CRFIN, Russia’s FX self-regulatory organization.
  • In fact, before the 1970s, the exchange rates between almost all major currencies were fixed.
  • As evidenced in the research presented here, there are certainly many people who believe that in the right circumstances, Islamic Forex trading is permissible.
  • Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds.
  • Personal manager and increased interest rate on funds for accounts with $100,000+.

The heart of the Islamic problem over CFDs lies more in the fact that the instrument is typically a leveraged derivative. Of course, no trader is required to use leverage in trading. The potential problem with CFDs lies in the fact that one does not directly own the underlying asset. However, in most cases, the trader never takes ownership of the shares, and is really only taking a position on whether the price of the shares rises or falls. However, “regular” spot Forex trading offered by Forex broker FXCL s, with no overnight interest payments or charges, could clear the hurdle of riba.

Creating a Muslim Forex Account

Of course, the underlying asset would have to be halal for this case to be made convincingly. Remember that CFD is just legal wrapping, not really an asset class itself. A CFD based on the S&P 500 stock market index could not be halal in any case, because there are several stocks within the S&P 500 index representing companies whose business is clearly haram. In stock trading, “short selling” refers to the practice of trying to profit from the decline in value in stocks. As it is impossible to sell something that one does not own, stock traders would borrow shares that they wanted to sell short, sell them, and pay interest to the lender while hoping that the value would decrease. This riba element of course made the practice clearly haram.

  • Fortunately, this is not a problem in Forex trading, as currencies are paired, so “going short” in Forex does not necessarily have to involve borrowing any asset or any interest element.
  • However, “regular” spot Forex trading offered by Forex broker FXCL s, with no overnight interest payments or charges, could clear the hurdle of riba.
  • This broker FXCL SCAM, I won one in the contest, but not the money I can use for trading and withdrawal.
  • As we have seen, there are certain grey areas within this qualification that must be investigated deeply in good faith and conscience by anyone wishing to begin halal Forex trading with a Muslim Forex account.

Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
A substantial amount of client funds went missing due to the actions of the unnamed head of finance of the firm. You must understand that Forex trading, while potentially profitable, can make you lose your money. Equity indices are representative baskets of all the shares trading on a particular stock market. For example, the FTSE 100 index is calculated based upon the prices of shares in the 100 largest publicly quoted companies in the U.K., weighted by market capitalization. This means that if the value of all the shares in company X are worth 10% of all the companies traded on the exchange, the fluctuations in its price will account for 10% of the calculation of the index’s value.

Eventually, most Forex broker FXCL s responded to market forces by becoming “Islamic Forex Brokers” and offering “Muslim Forex Accounts” which operate without standard interest payments. You might ask how they did so and maintained the profitability of their operations. This was achieved by charging increased commissions in spot Forex trades, and this practice has become the hallmark of nearly all Islamic Forex broker FXCL s. Arguably, this in itself is just a camouflaged interest component, and if this view is taken, it makes Forex trading problematic according to Islamic law. The latter broker FXCL age, forex ukraine, Panteon Finance, has shocked its clients with the release of a statement revealing the details behind an alleged wrongdoing by an employee of the company.

Fortunately, this can often be easy to determine by consulting approved Islamic listings of stocks and shares which are deemed to be halal stocks or haram stocks. Most Forex / CFD broker FXCL s offering trading in stocks and shares tend to offer trading in mostly the largest, most well-known publicly traded companies on the stock exchanges of wealthy developed countries. As we have moved into the area of stock trading, it is important to mention that there are important requirements of Islamic law in this area also. More and more Forex / CFD broker FXCL s are offering trading in individual stocks and shares, so Forex traders may find themselves trading stocks for the first time without really thoroughly considering the implications of these trades. Join the iFX EXPO Asia and discover your gateway to the Asian Markets, forex ukraine. A couple of days ago, Panteon began accepting client withdrawal requests of clients whose accounts were already audited. In the meantime, all of the clients who passed the process had forex ukraine resend their withdrawal requests. The statement issued by the legal department of the company Forex Trend yesterday, closely resembles one issued last year by FXCL. On a minimal basis, Islamic Forex broker FXCL s can be used to trade, which should at least remove arguably all of the riba challenges. As we have seen, there are certain grey areas within this qualification that must be investigated deeply in good faith and conscience by anyone wishing to begin halal Forex trading with a Muslim Forex account.

For those who like this business, but don’t have enough time or experience, FOREX FXCL offers the Asset Management. It is a great opportunity to entrust your capital management to a Forex specialist for increasing. The contract of company Forex FXCL Group with clients does not contain a provision indicating the term of consideration of documents for the purposes of identification of clients and verify their accounts. At FXCL the dialogue with clients was led by appointed anti-crisis director Roman Komysa, while at Panteon it was Ivan Rumyantsev, presented as Head of Customer Relations. If the abovementioned Kondakov had withdrawn his support for FXCL early on, the company Arts Trend would have immediately highlighted its independence from Panteon Finance. The shares of our company have been offered through the platform of Panteon Finance. During the past month all clients of FOREX FXCL were busy filing applications for withdrawals and attempting to conduct credit card chargebacks. The number of investors affected only in Russia is estimated to be 50,000.

We have some information about owner of (FXCL) SCAM company and its may be resident of USA: Alex Teplitsky

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