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Our research team find this broker as illegal broker with no regulatory authority

FXcast

Admin July 14, 2024

Summary

FXcast is a worldwide financial services corporation that is specialized in offering currency traders of various levels and experience with excellent quality online trading services. FXcast has remained in the market since 2005. FX cast is registered on Antigua and Barbuda and an accredited member of GDCA. Within this period FXcast has been able to establish itself to be reliable in an industry that has remained very dynamic.

Not regulted

Payment Methods Used

Wire Transfer, Webmoney, e-gold, credit/debit card, Liberty Reserve, Bank Card for Chinese Customers, e-bullion, e-dinar and c-gold.

Meta Trading Softwares Used

MetaTrader 4

Overall Rating

2/5

Reviews

PDamar
1/5

Don't trade on news and you'll save your account. Too many complaints regarding commissions and re-quotes during important events on market. People don't realize that if broker can't provide commission size in acceptable range then it means a fraud or scam. No, it's not necessarily so. First, stay away from the volatile market. Each broker has weak sides when price moves to fast. Fxcast is not an exception. Second, company claims that they have no commissions. It means you have to read all terms and conditions agreements before start trading. There is some cases and you have to know about them. Broker is fine. Most problems come from traders. My advice is to know what you are doing first, and then criticize the broker.

Leshyne
1.2/5

why has there been no comments in a long time, don't know much about Fxcast

Mark
3.3/5

Good company! Recommend!

sugab
2.1/5

FXcast had been making money withdrawal problems for the last two years prior to its closure. My applications were rejected several times. And even when the withdrawal requests were approved, the money was still credited to the account for a very long time. But I still managed to withdraw some of the money. Although FXcast is scammers anyway!

Sadeep
1/5

Opened an account with FXcast in December 2012, transferred $ 5,000 there. But in June 2013, I could not log into my trading account. I wrote to the technical support service, no one answered me. After a while, the FXcast.com website stopped working. The scammers have stolen my money!

Anank
2.3/5

At one time, FXcast advertised "cool" trading conditions. In fact, as noted by many clients, the trading conditions were terrible. Quotations jumped up / down at an even place and differed from the quotes of normal brokers by 20-30 points.

Sonu
1.1/5

I am still trying to get money back from this broker. I have contacted them many times and still no help. It was only 2,000 but I just want to warn all of you to be very careful with this broker. I don't even know how they still are in business!

Fdehay
2.5/5

This broker must have closed down. Took away my balance with other people's as well. Please stay away. A pure example of dodgy broker that bites you, one should stay with properly regulated brokers. Too bad for moneybookers.

AISIA ERIC
1.4/5

I just request someone to tell me what is happening with fxcast,i opened up account with them 2012 december,it came on but before i could even make any trade it went off to date,the worst part is that no one is giving any explanation.i am scared for the worst.

Hendrikx Philippe
1/5

Hi everybody, Same case of Mr. Eric onoruyi. I´ve open an account with fx cast since 2010, my balance is positive and what a surprise that 5 weeks ago they put down the platform without any reasons and prior advice. After communicated with them, they answered me some strange justification : *I´m not a verified customer (2 years that I´m a verified customer) FXcast Support 2013-01-17 13:13:53 Dear Customer, Trading is allowed to verified customers only. Please provide us with ID documents which are verified by notary public with apostil. Your FXcast Team *After to sent one more time the papers that they asked me, they said me that they received thousand of paper and that take many days to verified. FXcast Support 2013-01-21 11:56:47 Dear Customer, the compliance office will get in contact with you. Your FXcast Team FXcast Support 2013-01-25 13:39:22 Dear Customer, There are thousands of documents waiting for approval, can take few days. Your FXcast Team *Two week ago they said me that they put on the platform on Monday ( what Monday, I don´t know) FXcast Support 2013-02-08 14:04:14 Dear Customer, Your account will be connected on Monday. Your FXcast Team Today it´s the same : no account, no trade, no coherent answer. Where is my money? Why the platform is down? Be very careful with fx cast!!!!!

Eric Omoruyi
3/5

Good day. i want to know the position of fxcast.com,they have been out close to 4 weeks.i cannot reach them,they refuse to update their status. Is there anyone who know what is happening to fxcast? Is their anyone out there who is a client to fxcast? speak out!

Dwi Forex
1.8/5

Withdrawal Problem. I have Been waiting for more than ONE MONTH and I still have not received the money yet. I'll be happy to mark it as Resolved if and only if my money arrives.

Danniel
2.6/5

Dear Marvy, We do not allow any scalping style, if by hand or with an Expert Advisor. Scalping style means that a customer closes his positions always within 10 minutes. Trades in loss can be closed at any time. Profitable trades should be longer than 10 minutes in the market. . Trading news is ok for FXcast if the position follows the 10 minutes rule. Your FXcast Eam

Jonathan
3.2/5

I almost had my heart broker with some other brokers trying to get my money out. This is not the case here. I've done some testing with a few thousand to deposit and withdraw, it is rather quick. Besides this, the platform performs well under all conditions. The spreads are fixed, execution is very good considering I am trading 1-4 lots at a time.

Reynan
3/5

Fx cast is the best broker to deal with.. I like their service and the mt4 is stable..

Oasy
1/5

i intend to withdraw i search my membership area for almost 8weeks now that have sent my document for verification. in some parts it stated document verified and at the top it states NOT VERIFY no payment possible. i av logged complaint several times cos i need to withdraw from my account and now they are not replying i cant say they are good in terms of withdrawal and maybe we are just trading for them.since withdrawal is not possible.....

Fosters
2/5

FXCast was silent about the issue of regulation. Protection is necessary in this present state of uncertainty everywhere, so we need to know the steps being taken now and the nearest future directions on regulation.

Garry
1/5

Unfortunately, FXcast doesn't accept US accounts. Too bad!

Babajide
1.1/5

I was tryin to chat with a representative of this broker and i was linked to a Nigerian-one Okechukwu. I dont know I am confused Is this not scam...

Daryl
4/5

I have been very pleased so far with FX Cast. The account opening procedure was easy, and they have everything I am looking for - Eur account, MT4 platform, multiple funding options, and micro lots. Communication has been good, no problems at all here so far. :)