In this Fxequity review, we noted that the broker is illegally soliciting funds from traders with the intention of defrauding them. The offending website can be found at fxandequity.com. They make promises that sound real but once you transfer funds to the broker, you will face a rough time withdrawing anything from this fraudulent trading platform.

We’re emphasizing: If you have lost your money in the Fxequity scam or another kind of Forex and Crypto scam, you can use the services of money recovery experts to get back your lost funds. This is the best and quickest way to get your lost funds because the company in question has a wide network of professionals who work with law enforcement to save victims of Forex and Cryptocurrency investing scams.

Fxequity (fxandequity.com) review and overview

This broker has been around since December 2021 but despite this fact, they’ve failed to convince us that they’re an honest and straight-forward broker.

The ‘company’ in question is known as FXandEquity Trades Limited. Unfortunately, this doesn’t seem to be a registered company or business name. The broker has even refused to disclose the country or physical address where they operate from.

It’s evident that fxandequity.com is hiding these details for a reason. They prefer to maintain this sort of anonymity in order to evade or make it difficult for victims to trace them.

Other scams use fake address to create a veneer of legitimacy. So the fact that FXequity is not making this attempt means the scammers behind this illegal scheme are naturally stubborn people.

We’ve noted that fxandequity.com is owned by anonymous people as well. If the company or business name is not registered, it can be pretty difficult to find the identities of the scammers.

And by putting your money in this platform, you’re literally saying you would like them to scam you.

Blame the sales language because these crooks are trained to use words that are pleasing to the ear. They’ll have no trouble convincing newbies into this deadly financial trap.

How FXequity is scamming traders/investors

This suspicious broker promises ‘world-class trading experience’ and also uses a demo account loaded with $100,000 to lure victims into their trap.

In the real sense, a demo account is nothing other than a rigged practice account. Fxequity will fool you with this demo account so that you can open a real trading account with them and deposit money for your ‘trading’.

The demo account will tend to make profit than losses because it’s designed to deceive and encourage you to open a live trading account.

The problem with this live account is that it doesn’t work like the demo account that Fxequity is using to trick the financially unsophisticated.

Once you start the trading with real money, most of your trades will fail to yield the kind of results that you saw on the demo account.

The reason is because this is a CFDs broker and these financial instruments are considered illegal in the United States due to their deceptive nature.

We’ve discussed how brokers like Aglo Trade, Loyal Primus and OnyxTraders are using CFDs to scam victims. Now FXequity has followed suit.

They have a platform that is configured to trade against you and no matter what you do, you will never achieve consistent wins in your trading sessions.

This is a fact that these crooks will never admit. However, the kind of results you will get will point to the fact that there’s some manipulation going on.

Even if you beat them in this game, the scammers will never give you the initial capital. If you are a consistent winner, they’ll simply block you from the trading platform.

By giving you the winnings, they’ll be losing your capital plus using money from their own pocket to pay you. This is something that no scammer wants to do as it’s the complete opposite of their agenda.

How about the trading robot that Fxequity is promising on their website?

It’s part of the grand plan to defraud you. How can you trust this broker with a ‘free’ trading robot or training if their agenda is to steal your deposit?

A market-maker like FXequity is not interested in your success as this is something that can only be achieved if you trade with a legitimate broker that routes trades to the worldwide exchange instead of trading against their clients.

The free trading robot is therefore a tool that they’re providing to facilitate your loss on the platform. Don’t think they’re being good to you.

A broker facilitating other scammers

They’re sharing this illegal platform with other scammers too. The fxandequity.com website is selling a whitelabel to scammers who would like to run an illegal trading platform like theirs.

This fraudulent broker simply charges a monthly fee to share resources with other people. They call it ‘whitelabel’ which means a trading platform that can be customized and rebranded according to the customer’s needs.

This means fxandequity.com can share this platform with thousands of other scammers who are working directly under them (but using their own branding instead of the name FXequity).

Wrapping it up

Did you notice that fxandequity.com is an unregulated or unlicensed broker?

Trading with an unregulated broker is risky because if you lose your funds under unclear circumstances, you will find yourself between a rock and a hard place.

The broker can also decide to ghost you and there’s little you can do to convince them to return your invested capital.

They’ll cause unnecessary financial heartache which you’re probably not ready to go through.

This is why we highly discourage trading or trusting this illegal broker.

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