Forexcells Markets Ltd. has been flagged by Commodity Futures Trading Commission for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal request from Forexcells Markets Ltd. has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Responsive team|No hidden fees|Excellent charting|Comprehensive tools
Cons: Live chat only during business hours
My card was charged twice by Forexcells Markets Ltd. on the same day. I had to dispute it with my bank. Forexcells Markets Ltd. then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Customizable dashboard|Good mobile app
Cons: Wait times can be long during peak hours|Spreads widen during volatile periods
Forexcells Markets Ltd. has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Good mobile app|Transparent fees|Market news feed|Great customer service
Cons: No dark mode on mobile|Limited ETF selection
The onboarding at Forexcells Markets Ltd. was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Automated trading options|Easy to use platform|Demo account available|Clear documentation
Cons: Onboarding videos are outdated|Limited demo account features
I was contacted by Forexcells Markets 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.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Forexcells Markets Ltd. had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Segregated accounts|Good analytical tools
Cons: Slow to add new assets|No integrated tax optimization
I lost a significant amount because Forexcells Markets Ltd. did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Transparent fees|Economic calendar
Cons: Wish they had more educational resources|Research section could be deeper
Do not use Forexcells Markets Ltd. for anything serious. I used them since the beginning of the year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Easy withdrawals|High security standards|Good mobile app|Reliable uptime
Cons: Slow to add new assets
I looked into Forexcells Markets Ltd. and found they appear in the regulatory warnings database. Commodity Futures Trading Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
Several red flags with Forexcells Markets Ltd.: (1) They promise unrealistically high returns, (2) They're not registered with Commodity Futures Trading Commission, (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: Unauthorized firm|Found in IOSCO warnings database