Read our Fxi Market review to see if we recommend this broker for trading. Just to clear doubts, this is a fximarket.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Fxi Market is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Fxi Market in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Fxi Market Review Conclusions
Making the Fxi Market review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Fxi Market review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Liars thieves, corrupt, scammers.
I have dealt with them deposited funds. When requesting a withdrawal of trading profits did not happen. They present forged and falsified documentation stating you have to pay a fee to “Credit Line Providers” who do not exist and use actual bonafide client ABN and ACN’s. My questions and suspicions are are they money laundering, financing illegal activity such as drugs, terrorism, child prostitution etc.
They have no Australian AFSL Licence. When you ask who the owners of the Business are this request for information is refused. They have further no staff profile or information re their traders/account Managers. They again use false, forged contracts and other Web sites to transfer funds to themselves. They have no banking SWIFT code. Persons I have been dealing their with are Heather Parker, Natasha Koss, Rafael Digani (Compliance Manager), a Daniel Smith (Floor Manager) and a Shannon Abrams stating this person is Head of Corporate Division. They have no physical address and in Australia, company registration was via a serviced office. Also they use other companies for the transfer of Funds such as TechMarket, Cuscal etc. STAY AWAY.
(1/5)
Hi.Rob.I was just wondering did you ever get some money back.l think I was scammed to.Thanks Joe Is their anything we can do about it ?
Ditto
(1/5)
Fxi.com scammed me out of over $5000AUD. Do not give these mongrels your hard earned money. Im still waiting for my bank to get back to me, hopefully they wil return my money.
(1/5)
Hi Joe, No did not get anything back. They have done a runner, closed the Web site. Do you have any further updates?
(1/5)
hi Robert.Sorry i haven”t got back to you earlier i have been a bit busy.I will contact you in the new year .Thanks. iAM STILL TRYING TO CONTACT THOSE SCUM BAGS SORRY I MET ASSHOLES.
HI. Robert how are you it has been a while. Has anyone being in contact with you lately and they have said we have recovered your funds and they would like to return them to you. Thanks Joe.
Hi Joe, Yes.
Have you been contacted also? Can I ask who they are, please let me know and reply ASAP.
Regards Rob.
Hi Rob. Yes a company called Infinity Wallet based in London . His name is Bruce Miles .He said they recovered the funds threw the FCA that I had lost and to get to my bank account I have to set up crypto wallet.Thanks
Hi… did you get your money back or where you asked again to deposit more money? Please let me know. Regards Rob
Hi Joe,
Please advise re following:
1) Where are you located? I am based in Adelaide South Australia
Orhanisations that have contacted me in last 3 weeks are:
Email from Blockchain: Lynn White
Blockchain Analyst
CA Recovery
Email from Infinity Wallet: Alex L.
Senior Support Officer
AND: Your case manager is Mark Edwards.
Can I ask who has contacted you? Please let me know urgently re my questions above.
Regards Rob.
Robert I just you a message with those details. Iam in North Queensland near Townsville.
Thanks,
Are you based in London, USA etc.
Have you set up your Crypto Wallet with them?
Question is are they “BONA FIDE”, who are they?
What fee has been put to you?
They are wanting to charge me: our fee is 5% after you receive your funds..
The word ” AFTER you receive your funds needs clarification
Alos how did they recover the funds, from where etc?
Do you know or have answers to the above?
Regards Rob
Hi Joe,
Are you going to set up the set up crypto wallet with them?
What is the fee they are charging you?
What is your amounts you have lost:
1) Deposit/ Transferred Funds.
2) Trading Profits lost?
3) I had 2 Accounts with FXI Brokers with closing trading balances of:
Account 1 USD$321,778.07
Account 2 USD$121,682.70
What has happened to these funds/monies and my deposits/transfers I am trying to find out.
Let me know re above.
Regards Rob
Hi Robert. DO YOU what my email adress then I can give you my phone number to discuss this further Thanks
hi . robert did you get my message.thanks
Hi Robert. Are my messages getting to you?
Hi Rob.I don’t think my messages sre getting to you.
Hi.Rob. What’s happening?
No