1. General Information About FxMatrix broker
FxMatrix broker (fxmatrix.net) claims to offer forex, crypto and stock trading. They claim UK registration at 20 Churchill Place, London. Yet public records show no valid trading license. Scamadviser rates this site with slightly low trust score. Their domain is very new, created October 9, 2024. Gridinsoft labels fxmatrix.net as suspicious and risky.
2. Claimed Licenses and Regulation
FxMatrix broker states legal operation in UK. No FCA registration record exists for this broker. It offers no regulatory documentation or license details. BrokersView declares it likely fraudulent and unauthorized.
3. Trading Conditions
They advertise high leverage, low spreads, and fast execution. However precise spreads and fees remain undisclosed. No clear info on minimum deposit or account tiers. Their withdrawal policies appear vague and burdensome.
4. Trading Platform and Technology
FxMatrix uses proprietary or third-party trading software. No independent audit or technical validation is public.
Gridinsoft flagged fake social media links and AI‑generated text usage. That reduces transparency substantially.
5. Client Reviews and Feedback
No user testimonials exist on major review platforms. Lycan Retrieve warns of withdrawal delays and unresponsiveness. WikiFX gives a 1.11/10 rating and labels it dangerous. Gridinsoft and brokers analysis report no real trading evidence.
6. Potential Scam Strategies
The platform may lure clients with fake initial successes. Then it delays or denies larger withdrawal requests.
It may pressure users to deposit more funds. No credible transparency or regulation supports fund safety.
7. Expert Opinion
BrokersView identifies FxMatrix as a scam operation. BrokerChooser and other services confirm missing regulation. Gridinsoft highlights suspicious content and low trust score. These indicators mark FxMatrix broker as high risk.
8. Conclusion
FxMatrix broker shows multiple scam warning signs. It lacks reputable licenses, legitimate software, and user support. Low trust scores and expert sources raise alarm. We strongly advise avoiding this broker entirely.
Choose companies regulated by FCA, ASIC, or CySEC instead.
