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FizmoFXMarkets Scam Review: A Suspect and Risky Broker

FizmoFXMarkets is a fairly new brokerage that appears to provide forex and crypto trading services. However, several red flags have been raised regarding the validity of this platform, suggesting that it may be a scam. From being hosted on the same server as some low-rated websites to several reports of scams, FizmoFXMarkets is a huge red flag. This review highlights the major issues of this broker, including its risky financial services, bad customer reviews, and low credibility.

Website- https://fizmofxmarkets.com/

Red Flags Indicating FizmoFXMarkets Scam

1. Lack of Regulation

As pointed out earlier, Fizmo FX Markets has no oversight by any serious financial regulator. This is probably the biggest red flag. Regulator bodies are designed to make sure that brokers abide by strict regulations in a bid to protect traders from scamming. A regulated broker was required to follow clear financial guidelines, offer clients compensation plans, and maintain client cash in distinct accounts.

2. No Withdrawal Options

One of the most prevalent scam methods is to make withdrawal not possible or very hard. Numerous traders have complained that they were unable to withdraw their money when they needed it, despite being able to put funds into their Fizmo FX Markets accounts. Some were asked for extra, unnecessary documentation, while others claimed their withdrawal orders were simply not responded to. This is an absolute sign that Fizmo FX Markets is a scam.

Negative Customer Reviews

Scam Deposit Strategies

According to a review shared on a forum for online trading, a trader described how he lost funds to the scamming activities of FizmoFXMarkets:

“A client lodged a complaint of sending money in USDT and supplying the transaction ID along with a screenshot as evidence. However, the broker never verified the payment nor deposited the money to their trading account. The trader complained of being scammed and advised other traders not to use FizmoFXMarkets.”

This implies that FizmoFXMarkets will accept deposits but refuses to deposit trading accounts, essentially stealing clients’ funds.

Fake Trading Platform

“One investor described how they attempted to enter trades, but the site would freeze up on them. They eventually realized that price action was manipulated and that their orders were getting filled at terrible rate swings against them. They assumed that the broker was manipulating orders to maximize customer losses.”

FAQs

1. Is FizmoFXMarkets regulated?

No, FizmoFXMarkets is not regulated by any approved financial agency, and it is therefore an extremely dangerous broker.

2. Am I able to withdraw my funds from FizmoFXMarkets?

The majority of users have reported that their withdrawal requests are denied or are simply ignored, which indicates that the site is a scam.

Take Action Today!

Do not hesitate to contact the professionals if you believe that brokers such as FizmoFXMarkets have defrauded you. CryptoScam offers investigations and recovery services for victims of scams and crypto fraud. To get your money back, go to cryptoscams.com.au right now.

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