FaceBooklForexTrade ltd has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
For anyone considering FaceBooklForexTrade ltd, please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Flagged by international regulators|Due diligence required
Do not be fooled by the professional-looking website. Behind the scenes, FaceBooklForexTrade ltd is disorganized and incompetent. I found them from a review site like this one and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Professional team|Fast support response
Cons: Help articles are sometimes vague|Account statements could be more detailed
I was contacted by FaceBooklForexTrade ltd through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Several red flags with FaceBooklForexTrade ltd: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Financial Markets Authority|Cannot verify credentials
After doing some research AFTER the fact (I know, I should have done this first), I discovered that FaceBooklForexTrade ltd is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
FaceBooklForexTrade ltd has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: No hidden fees|Multiple order types|Risk management tools|Multi-device support
Cons: Charting tools need more indicators|Could offer more webinars
The only good thing about FaceBooklForexTrade ltd is that they remind you why regulation matters. I found them after a trusted YouTuber reviewed them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Customizable dashboard|Intuitive for beginners
Cons: Limited demo account features|No crypto staking
I joined FaceBooklForexTrade ltd through a podcast recommendation and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Low minimum deposit|Detailed reporting|Multiple order types|Full transparency
Cons: Onboarding videos are outdated|Website design could be more modern
FaceBooklForexTrade ltd changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Demo account available|Great customer service
Cons: No live chat on mobile|Slow to add new assets
The hidden fees at FaceBooklForexTrade ltd are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Fast deposits|Demo account available
Cons: Help articles are sometimes vague|Some tools only available on higher tiers