Warning: Is FXGM a Scam?

Investigation: FXGM (fxgm.com)

Our analysts strongly urge you to avoid FXGM (fxgm.com).

We found that the company name is Depaho Ltd, it is located at Cyprus, the phone number is '+35722030082, and the support email is info@fxgm.com.

FXGM claims to be a trading firm, but it is currently not authorized by any top-tier commission, like the ASIC or CySEC.

Victim of FXGM?

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Safety Analysis: FXGM

FXGM operates without oversight.

Trading with unlicensed entities is highly unsafe. Trusted firms are always licensed with bodies like the SEC, ASIC, or FCA to ensure consumer safety.

FXGM operates without this protection. As a result, there is no safety net if they withhold your money. Most online scams involve unlicensed actors, and recovering funds from them is hard without professional help.

For instance, in Europe, unlicensed firms are not covered by the Financial Ombudsman. In America, they are not part of regulatory bodies, meaning your money is at risk.

Common Scam Tactics

Investment fraud is evolving. Scammers use manipulation to steal wealth. Here are common methods seen in brokers like FXGM (fxgm.com).

Dating App Scams

"Pig Butchering" is a brutal method where scammers groom victims over months. They build a friendship on social media. Eventually, they mention a secret crypto opportunity. It's a trap to lure you onto a scam site like FXGM.

Rigged Platforms

Fraudsters create websites that look exactly like legit trading apps. You see graphs and profits that go up. But it is a fake. The broker controls the prices to convince you so you invest more. If you ask for a payout, the "profits" disappear.

Red Flags

• Cold Calling: They call you from "brokers" out of the blue.
• Unregulated: The company lacks legal registration.
• Guaranteed Profits: They promise huge profits or risk-free trades.
• Withdrawal Issues: You cannot get your money out. They ask for "tax fees" before releasing funds.
• Pressure Tactics: Agents push you to deposit more.

Ignore positive ratings. Fraudulent brokers frequently post their own 5-star reviews to appear real.

Verdict

Our verdict is to block FXGM. It is likely a fraud. Save your funds and find a licensed broker. Avoid fxgm.com at all costs.