Forex-explosion.com is promising investors an opportunity to make money from trading of Forex.
Forex Explosion is claiming to use the services of highly reputable pro traders from Germany and Europe in general.
It is not known who owns or runs the Forex-explosion.com website since it is registered privately.
The platform is hoping that investors will purchase their “investment packages” which start at $100.
They claim that these funds will be invested in Forex trading using automated trading systems.
Revenue is supposed to be generated throughout the week expect Sunday.
Additionally, Forex-explosion is restricting people from withdrawing their funds in the first 30 days.
This is not right at all. Every investor is entitled to their money. The reason Forex-explosion is doing this is to give ample time for other “investors” to deposit so that a part of their money can be used to pay early investors.
If you want to invest in the Forex market, you should probably consider these trading products and services as they have a strong track record.
Is Forex-explosion legit?
There is no way this website can be legitimate.
Forex Explosion is just a clever ponzi scheme hiding behind trading of Forex using MT4 platform.
They are fairly convincing and smarter than other ponzi scheme sites such as iForexOption.
The first thing to note is that this website is not transparent at all. We don’t have proof of their trading in the first place.
It is impossible to tell for sure whether these people are engaged with the Forex market in any way.
Also, they are giving a false physical address which does not coincide with their supposed European location.
Their products are not legitimate because investing services are highly regulated anywhere in the world.
Since they claim to be based in Europe, Forex Explosion should be having a license from the FCA.
This website and services they offer are illegal because no such authorization is coming from any European financial regulator.
When you look at this website closely, you’ll see that it is a scam that intends to steal your $100.
The best thing you can do with your $100 is to invest it in a proper Forex indicator for trading or perhaps buy a pair of shoes because this amount is too small to offer you any meaningful gains from the market.