Fx Farms touts itself as a legit Forex trading platform with great financial benefits for investors. However, dozens of complaints by users of Fx Farms lodged complaints which have prompted a thorough investigation into the Forex trading platform.
Therefore in this article, you’ll find out genuine information about Fx Farms, how to make withdrawal and hopefully, you’ll be able to deduce whether it’s a legit or bogus Forex trading platform.
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How Fx Farms Works
Fx Farms works as a bogus Forex trading platform offering investors the chance to choose from any of five plans. The profit realizable (as claimed by the platform) depends on the chosen plan and ranges between 1.5% and 2.45% of the investment fee. Investing in the lowest plan comes at a fee of $25 while investing in the highest plan costs $55,000. Notably, the investment plans on Fx Farms range from President (which is described as the highest plan) down to Eagle, Lead, Trader and lastly Base.
Is Fx Farms Legit?
There’s no need stressing whether Fx Farms is legit or not since we have a handful of facts to substantiate that Fx Farms is far from being a legit Forex trading scheme. So, below are the Proven Reasons Why Fx Farms Is a Scam
Uncertainty of Security for Deposited Funds
Fx Farms has no security software (such as a DDoS protection) for any funds deposited with the platform. In reality, this does not only imply that members/investors on Fx Farms are vulnerable to third-party invasion but also clarifies that any funds deposited on Fx Farms aren’t safe.
Uncertainty of Fund Withdrawal
The scammers behind Fx Farms readily have Skrill, e-wallets and similar depository channels just to lure investors into depositing funds with them. However, there is no chance of getting paid trading bonuses earned through any of Fx Farms’ five investment plans.
Frankly, there hasn’t been any real proof of fund withdrawal from Fx Farms by any of the people using it. While this is a clear indication that Fx Farms is a deceptive platform targeting novices and probably unsuspicious investors, it would be very risky to deposit any amount of money with the platform.
Fx Farms Is Unregulated
If Fx Farms were truly a licensed and duly registered company, it would be regulated by the UK’s Financial Conduct Authority since its website information claims the Forex trading company is located in the United Kingdom.
For the fact that the Financial Conduct Authority isn’t licensing any product or service under the title “Fx Farms”, it’s beyond doubt that Fx Farms (which claims to be a UK-located Forex trading company) is a blatant scam.
Unknown Company Location
One of the reasons to establish that Fx Farms is a deceptive Forex trading company is that the company doesn’t have a true specific location. Although there’s a statement on the company’s website implying that Fx Farms is located in the United Kingdom, scrutiny into this has revealed that the company is using a fake UK address.
Instances of Deceptive Customer Feedback
A lot of Fx Farms customers have lodged complaints regarding Fx Farms’ gimmicks. As a response to these complaints, Fx Farms has hired people to act as real members and counter the negative claims made by real members.
So, it’s possible for prospective investors to come across written claims and even promotional videos by some members implying how they have succeeded with the Forex platform. In reality, these are claims by people hired in order to trick investors into believing that Fx Farms is a legit Forex trading platform.
If you’re reading some positive customer feedback about Fx Farms, be well informed that such feedback is unreal and primarily intended to fool unsuspicious investors.
You can withdraw every day, so long as you have a minimum of 5$. However, you can’t touch your capital until 140 days.
You; Won’t Fx Farm’s collapse soon like others in the past?;
Me; No! It won’t collapse due to its good sustainability plan which involves diversification in the financial market by engaging in trading several commodities where they get more than enough funds to pay the investors.
You; I once joined a company and after some time, the company’s site collapsed after upgrade of the site was unsuccessful, and many people lost their funds. how am I sure that such won’t repeat in Fx Farms?
Me; 😁 You see, based on their technical expertise, Fx Farms’ website has no server downtime. It also has strong security features that secure the site and the investors’ funds.
You; How do one make payment in Fx Farms?
Me; Check the Fx Farms’ very quick and efficient methods of deposit and withdrawal below:
You; How do I pay to activate my account?
Me; Send me the naira equivalent of $25, $100, $300, etc. So as to enable me to activate your account or do it by yourself if you have a bitcoin wallet. I’d send you the link if you’re ready.
FXFarms Network Income
OnFXFarms, there are 4 ways to earn when you sign up for any of the plans.
The ways include:
- Referral Income
- Binary Earnings
- Royalty Income
- Career progression
I am going to explain how each works below.
This is earned when you refer another member to invest using your sponsor ID.
You(as the Sponsor) will receive 5% – 7% of your referrals investment as bonus.
This will be credited to your network wallet instantly and you can make withdrawals anytime.
Your income depends on the investment of your referral and the business plan you signed up for(Check the Business Plans table above).
This process continues for unlimited levels and is only applicable to your direct referrals.
To earn here, you must invite a minimum of 2 members who will be registered under your ID.
That is, 1 member on the left hand side(LHS) and another on the right hand side(RHS).
How this works is that whatever you make from your team(LHS and RHS), you will be paid 10% of the lesser leg.
By lesser leg, it means the side with lesser earnings.
For example: If your LHS made 4000USD and RHS made 1000USD, you will receive 400USD as your binary. This is because the LHS is the weaker leg.
Binary starts the day you qualify and can be earned for unlimited levels.
It is credited to your account at the end of the day.
Another way you can earn is from the Royalty Income.
This is available for members who signed up for Plans 3, 4, and 5.
You get to earn 0.5% – 1% of whatever your team does.
You get to earn Royalty Income for unlimited levels and it is credited to your wallet immediately.
The fourth way to earn is when you progress in your career from Leader to VIP.
Find details about this in the table below.
Now that we have seen how to earn, let’s check out the supported countries and modes of fund transfer.
Supported Countries and Modes of Payment on FXFarms
FXFarms supports all countries; none is restricted.
Modes of Payment
You can deposit and withdraw with:
- Perfect Money
Next, you will find details about the fees, limits, and the verification requirements.
Let’s check it out.
Fees, Limits, and Verification Requirements on FXFarms
Withdrawal fees – 9% (Admin charges)
- Deposit – $25
- Withdrawal – $5
- Government issued photo ID
- Proof of residential or business address
- Corporate documentation
- Business registration information
- Any other applicable documents
We will see the ways to contact the team at FXFarms next.
Just keep reading.
FXFarms Customer Support
You can reach FXFarms via the following channels:
- Email – firstname.lastname@example.org
- 447480619460 – Sales Support
- 447481347262 – Technical Support
- 447446896591 – CEO
- 447480533921 – Finance
- Physical Addresses
- UK – 10th Floor 3 Hardman St. Manchester M3 3HF (+447480619460)
- USA – PNC Building 300 Delaware Ave. Wilmington, DE 19801 (+12512207738)
- Spain – Camino Fuente de la Mora 9 Madrid Hortaleza 28004 (+34518880207)
- Greece – Spaces Green Plaza Ag. Konstantinou 59 – 61 Marousi Athens 115 24 (+302111988505)
- Hong Kong – 13A South Tower, World Finance Centre, Harbour City, 17 Canton Road, Tsin Sha Tsui, Kowloon
We hope that this review article has convinced you enough that Fx Farms is one of the bogus Forex trading platforms you should desist from.