ForexPixel claims to be the most valued forex investment trading platform. Investors are called upon to sign up and invest in commodities, forex, indices, and shares. However, there are a few issues with Forex Pixel that stand out. One of the glaring issues is that forexpixel.com is not a registered online trading platform. And this may as well scream a high-risk investment platform. Here’s our clear FOREXPIXEL REVIEW.
On their about us page, they claim ForexPixel is a well-respected brokerage house. But, unfortunately, there’s no respect from a platform that puts your funds at risk. Overall, their website appeal does not come close to the risks they put investors in.
Such platforms are seen as a hindrance to the forex investment world. Once you start investing with the platform, there’s no way you will withdraw in peace. Most of the new members are facing withdrawal issues.
If a platform delays your withdrawal, it means there’s no point in investing with them. ForexPixel has already faced several complaints from investors. On the other hand, regulators are set to release a press statement in regards to the platform.
When you need a reliable investment strategy, go for Coin staking, DeFi, and Masternoding. These are some of the best ways of investing with experts fully backing them. Make the right decision and invest with trustworthy platforms with a proven track record.
Forexpixel.com, on the other hand, only provides a few positive aspects. For example, the platform offers MT4 trading platforms and Islamic accounts. That said, even an expert trader might not rip the benefits of such features.
It would be best if you were extra careful when selecting your investment platforms. We recommend that you do a little digging when it comes to investing. Make sure to read reviews and see what others are saying about a particular platform.
Aside from the Islamic accounts, ForexPixel offers three other account packages. These include Classic, Pro, and VIP. All three come with different features and a minimum deposit amount. Here’s a closer look at the three normal accounts on offer.
Classic
There’s a minimum deposit of $100 with a maximum leverage of 500:1. Unfortunately, leverage is another risky aspect of the platform. It means you will end up losing a large volume in the event of a losing trade.
Pro
With the pro account, investors must deposit $1,000 to start trading. However, it has the same features as the classic account. The only difference includes spread, which starts at 0.0 pips with all strategies included.
VIP
It’s the most exclusive account and comes with a staggering deposit of $100,000. We believe the platform is targeting institutional clients. The commission per lot is set at 1 per 100,000, with members getting all strategies.
If you choose to go with Islamic accounts, the platform offers two Islamic account types. These include standard and raw. The minimum deposit with each account is set at $100 and maximum leverage of 500:1.
It seems having an Islamic account is the better option as they offer more features. Members get EAs with VPS. The type of execution available is ECN Pricing with over 60 trading instruments available.
You can decide to earn passive income with their affiliate program. The only dispute we have with their affiliate partnership is disclosure. Members don’t know whether they get paid through commission, discounts, or rates.
We haven’t heard of anyone participating in their affiliate account. However, you should be aware of the consequences that come with such platforms. If a member ends up not withdrawing funds, they will point the finger at you.
Names of the people running the platform remain hidden from members. In fact, we can only confirm that this is an offshore platform. However, based on the address, the platform registration is in St. Vincent and the Grenadines.
It would be best if you stayed away from offshore and unregulated platforms. What we have is an anonymous website which is a risk factor. You will be depositing funds to an unknown person whose credibility is wanting.
On their contact page, they list UK phone numbers,s and yet, they register in SVG. We believe the platform is hiring the services of a virtual phone provider. The platform does so, hoping to target European investors.
Although they have a chat platform, the waiting time is more than two minutes. We also believe that the platform is using bot services to act as agents. There’s no direct contact with staff members, which is unfair to members.
One of the few interesting features of the platform is the demo aspect. You can test your skills with their demo account. In addition, the demo account comes fully equipped with an MT4 trading platform. With this, you can learn how to trade and use a world-class investment platform.
Despite claiming to be regulated by the FSA, there are no documents to prove it. All we have is their word that they comply with regulations. Even if it’s so, the FSA does not offer strict regulatory policies.
Most platforms wishing to escape regulatory compliance go for such licenses. Even so, we don’t have a copy of their license certificate issued by the FSA. It means they are taking investors for a ride with their registration claims.
Without regulation, it means the platform is free to operate as they please. That’s why they have maximum leverage at 500:1. There’s no sane regulator that would allow for such practice. So regulators have put a cap on leverage with the maximum set at 1:100.
When selecting which platform to use, go for those regulated by reputable regulators. These include ASIC, BaFIN, CNMV, CONSOB, CySEC, and the FCA. Other reliable regulators include FINMA, NFA, and the SEC.
The platform has availed several depository options making it simple to deposit. These options include Bank transfer, Bitcoin, MasterCard, Neteller, Skrill, and more. Depositing funds takes less than five minutes.
After depositing funds, the amount will reflect on your account in 24 hours. After that, you can trade and start seeing your profits. The moment of truth comes when you decide to withdraw funds from the platform.
No member has made it this far in the last couple of weeks. But, unfortunately, despite sending emails, the platform does not respond to withdrawal requests. And this is one of the reasons why we have to flag them down.
There’s a world-class trading platform that offers investors a perfect playing field. MT4 is seen by most as the best trading platform to use. The platform offers technical indicators, tools, and more.
Your funds are far from safe with a platform that blocks withdrawals. The platform does not comply with regulations which means the security of funds is unavailable. You will also not get to withdraw funds in time or at all.
These are the main reasons why we have to flag Forex Pixel
Now you know the risks that come when you invest with forexpixel.com
Get to trade with the best platforms and earn passive income. Go for reliable investment platforms with a proven track record.
Feel free to leave a comment or email us with any queries.
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