FXBullion review: Scam or Legitimate Broker?

FXBullion review

FXBullion is a shady broker associated with other fraudulent companies. It’s not worth your time or money, but if you need more proof, I’ll show you now.

Broker Status:Offshore Broker
Regulated by:Unlicensed Brokerage
Scammers Websites:FXBullion.com
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:N/A
Broker Owner:Tsatsa Limited
Headquarters Country:Saint Vincent and the Grenadines
Foundation Year:2020
Online Trading Platforms:MT5, WebTrader
Mobile Trading:Yes
Minimum Deposit:$100
Crypto Assets:BTC, XRP, ETH (total 5 cryptos)
Available Trading Assets:Forex (FX), Stocks, Indices, Cryptocurrencies
Maximum Leverage:1:1000 (sign of a scam)
Islamic Account:Available
Free Demo Account:No
Accepts US Clients:US traders are not accepted

Is FXBullion legal? 

No, the broker is registered in an offshore zone – St. Vincent and the Grenadines and is not licensed to provide online trading services.

Moreover, one authoritative website did a review on broker FXBullion and they found on their website that FXBullion is the trading name of Tsatsa limited, a company registered in St. Vincent and the Grenadines (SVG). At the same time, the broker’s Terms and Conditions clearly state that the broker is owned and operated by Trim Investment LTD. After the review was published, the broker FXBullion gave this information on its website.

Trim Investment LTD, operates a brand such as brx-capital.com This broker has been noticed as a scammer and official regulators such as CONSOB have published a warning that this broker is a scammer. 

Consob warning brx-capital broker

I also checked https://brx-capital.com/ and saw that the websites are very similar and the same service pages, only the company name changes.  You can check it yourself.

These facts tell us that trading with the broker FXBullion is not safe! There is no reason to invest in a broker with an unclear reputation when there are thousands of other regulated brokers with a great history and a good reputation.

I personally trade with FXPM.

I am not trying to push you to choose this broker, but I recommend you to research their website and see if they are right for your requirements.  Always make your own decision. Do not invest if you think the broker is not legitimate.

What platform does FXBullion use?

The broker supports MetaTrader5 and I even registered an account. However, if you want to trade on the latest MetaQuotes software, it is better to choose a legit MT5 broker

What leverage does FXBullion offer?

FXBullion offers leverage up to 1:1000. Offshore brokers and scammers usually offer such levels to attract more people to deposits. But you should know that trading with high leverage is too risky for beginner investors. 

What is the minimum deposit at FXBullion?

The broker accepts any minimum payment, even $10. This is a low entry investment – but I have to warn you that traders usually lose a lot more than just the initial deposit. Because scammers like FXBullion or others, for example NovaTechFX or OpoForex, have their way of gaining your trust and can be quite convincing.

What payment methods does FXBullion accepted?

After registering, I saw that the broker offers some pretty strange payment methods. You can see them here: 

What payment methods does FXBullion use

When starting out as an investor, always fund your trading account with bank cards like Visa and MasterCard, regardless of the broker. Most legitimate brokers accept these basic cards, which allow for a refund within 540 days of the transaction. This is very important, because if you got scammed by a broker, you will be able to request a refund from the bank. 

What should you do if you are scammed by FXBullion broker? 

If you have already funded your trading account and can not withdraw your money – consult an expert. I recommend you the company MyChargeback. It is the best in the market for getting your money back from online scammers. You can get a free consultation from them.

Video review of broker FXBullion, on my YouTube channel:

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