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• Our Review Method

• Is FxFixed Scam or Legit Broker?

• What is FxFixed?

• Pros and Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding FxFixed due to the issues we've identified.

Is FxFixed Scam or Legit Broker? ▲

Engaging with FxFixed for your trading activities is a decision fraught with risk due to the firm's complete lack of regulatory oversight. The entity behind FxFixed, Unigreen Korlatolt Felelossegu Tarsasag, claims Budapest, Hungary as its base of operations. Despite our thorough search, we found no evidence of FxFixed's registration with Hungary's financial regulator or any other prominent regulatory bodies worldwide.

The absence of regulatory information and contact details on FxFixed's platform raises significant transparency concerns. Legitimate and regulated companies are mandated by law to maintain openness about their operations, something FxFixed conspicuously fails to do. The absence of a regulatory body to which FxFixed is accountable underscores the high-risk nature of dealing with this broker.

What is FxFixed? ▲

FxFixed positions itself as a broker offering access to over 200 markets, including major cryptocurrencies, under highly attractive trading conditions such as low spreads and leverage up to 1:500. The broker claims to ensure the utmost security of client funds and investments through state-of-the-art data management and server technologies, alongside a promise of complete transparency.

However, a closer examination reveals significant gaps in the broker's reliability and transparency. Notably, the awards boasted on FxFixed's website have been identified as non-existent, casting doubt on the broker's credibility. Furthermore, FxFixed has faced blacklisting by the Spanish regulatory authority, CNMV, for operating without authorization to provide investment services or advice related to financial instruments, including foreign currency transactions.

This action by the CNMV, along with the general mandate of international regulatory bodies to ensure market stability, protect clients from fraud, and uphold financial service reliability standards, highlights the significant risks associated with FxFixed. The broker's lack of licensure to operate within the EU and other regulated jurisdictions has led to its being flagged and blacklisted by EU authorities.

Pros and Cons ▲

Pros:

• Claims to offer trading in over 200 markets, including major cryptocurrencies.

• Promises low spreads and high leverage up to 1:500.

• Alleges to ensure 100% protection and security of funds through advanced technology.

Cons:

• Complete lack of regulatory oversight, raising serious concerns about the safety of funds.

• No transparency regarding the broker's trading conditions, fees, or contact information.

• Credibility issues highlighted by the presence of fake awards on the website.

• Blacklisted by the Spanish regulator CNMV for unauthorized operation.

• Lack of a regulatory license severely limits the broker's reliability and trustworthiness.

Conclusion ▲

In summary, we strongly advise traders and investors to steer clear of FxFixed and to exercise caution when dealing with any unregulated brokers. The absence of vital information regarding the broker’s regulatory status, trading conditions, and contact details, combined with a proven track record of regulatory issues, points to a high likelihood of FxFixed being involved in investment scams. It is crucial for traders to engage with brokers that are well-regulated by reputable authorities, such as those in the UK or Australia, and to consider trusted brokers like Alpari and XM for their trading needs.

FxFixed Update:

It has come to our attention that the FxFixed website is currently inactive, indicating the cessation of its trading services and the impossibility of opening new accounts through the platform. Despite this development, we continue to urge traders to remain vigilant against any trading propositions that may arise from this broker or similar unregulated entities.