Warning: Is Fexboom a Scam?

Investigation: Fexboom (fexboom.com)

Our team strongly urge you to steer clear of Fexboom (fexboom.com).

Fexboom appears to be a trading provider, but it is currently not authorized by any top-tier authority, like the ASIC or CySEC.

Have You Lost Funds to Fexboom?

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Can You Trust Fexboom?

The most alarming issue is that Fexboom (fexboom.com) lacks regulation to operate.

Trading with unregulated firms is highly dangerous. Trusted firms are must be licensed with bodies like the FINRA or FCA to protect investors.

Fexboom lacks this protection. As a result, there is no legal recourse if they keep your funds. Most online scams use unregulated actors, and recovering funds from them is challenging without expert assistance.

For example, in the UK, unlicensed firms are outside the jurisdiction of the compensation schemes. In America, they are not members of SIPC, meaning your capital is at risk.

Common Scam Tactics

Investment fraud is getting smarter. Fraudsters use social engineering to take your savings. Here are typical tactics used by sites similar to Fexboom (fexboom.com).

The "Romance" Trap

"Pig Butchering" is a brutal tactic where scammers build trust over weeks. They build a friendship on social media. Eventually, they introduce a "lucrative" investment. It's a trap to lure you onto a fake platform like Fexboom.

The "Bonus" Trap

Fraudsters build websites that look exactly like real trading apps. You see graphs and balances that increase. But it is a simulation. The broker manipulates the prices to make you feel rich to deposit more. When you try to withdraw, the "profits" are gone.

Red Flags

• Unsolicited Contact: They call you from "brokers" you don't know.
• No License: The company has no authorization.
• High Returns: They guarantee huge profits or risk-free trades.
• Cannot Withdraw: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Pressure Tactics: Agents push you to deposit more.

Do not trust positive ratings. Fraudulent brokers frequently post their own positive comments to appear real.

Conclusion

We do not recommend Fexboom. It appears to be a scam. Protect your money and find a regulated broker. Avoid fexboom.com at all costs.