SquareFx is a dangerous company.
We will tell you why your money is not safe with SquareFx and how what you can do to get your money back.. All of our reviews are based on research carried out by professionals.
This is the most important point that a broker must have, a regulated license. A broker regardless of the country where he offers trading must have a regulated license. In Europe each country has its own regulations, the same for Australia (ASIC) and the United States (CFTC or SEC). SquareFx does not have any regulated licenses while offering trading to Europe,USA or Australia. This is a strong indicator that it is a scam.
SquareFx has a newly created website.
It is also a strong signal that it is a fraud. All fraudulent sites create sites that are generally 1 to 2 years old and disappear to recreate another domain name. SquareFx has a domain name that was created less than two years ago and is therefore part of this dangerous category of financial company. A good company has a site that is regulated and is on the market with over 10 years of experience.
Public warning against SquareFx.
The most important thing for a financial company is to have one or more licenses regulated according to the countries to which it offers its services. Unfortunately for SquareFx, He does not have regulated licenses and therefore does not have the right to charge you money for a financial service. The FCA (UK) has issued a public warning against SquareFx. He is on a European blacklist which confirms to us that it is a scam.
SquareFx will try to take the most money from you.
You will be harassed by this company once your money is deposited. Their money will ask you to deposit more if you want to withdraw or pay taxes. We advise you not to do this because you will lose even more money. If you refuse to give them more money, they will talk badly to you and ignore you.
How to get your money back?
If you are a victim of this broker, you must complete the file below or use the online chat if the amount lost is greater than $5,000 to be put in direct contact. Your chances will depend on several things like payment history, method of payment. Each file is different but MyChargeBack knows all the procedures to speed up your file. If you want to know more about the procedure, click here.
SquareFx is unregulated and therefore cannot offer trading. If you have deposited your money with this company it will be difficult to get it back. We can say with certainty that it is a scam and we invite you to fill out our form for a chargeback. It is free and does not commit you to anything.
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