FXC Markets Review | Why We Think It's a Scam? A Complete Analysis of Regulatory Truth and Financial Risks

1. Brand Background and FCA Clone Warning

• Brand Name : FXC Markets

• FCA Warning : The UK Financial Conduct Authority (FCA) has clearly stated that FXC Markets is not an authorized firm, but rather a "clone firm" posing as a legitimate brokerage firm ( FCA , Financial and Business News | Finance Magnates ).

• The legitimate company it impersonated is Stratos Markets Limited, FCA number 217689, and its actual address is in London, UK, while FXC Markets uses an address in the Marshall Islands ( FCA ).

• Industry Background : Clone companies using similar names to mislead investors are a common and high-risk scam in the forex industry ( brokersview.com ).

2. Account Type and Marketing Strategy

• Risk Warning : The leverage of 1:500 far exceeds the regulatory limits of FCA and other regions (≈1:30), and the potential risk of margin calls is extremely high.

• The spread promotion has not been verified by a third party and may be misleading.

III. Actual Regulatory Status and Industry Warnings

• FXC Markets does not appear on the FCA’s authorisation list and has been placed on a “clone warning” ( FCA , FCA ).

• Foreign media reports indicate that the platform used a strategy with similar names to mislead British traders, and its actions are suspected of serious violations of UK financial laws ( Finance and Business News | Finance Magnates ).

• The FCA continues to issue warnings about "unauthorized platforms" and "clone scams", emphasizing that investors should verify the platform's compliance through official FCA channels ( brokersview.com ).

IV. Product and Market Coverage

FXC Markets claims to offer trading products including:

• Forex currency pairs (40+)

• Precious metals/commodities (gold, crude oil)

• Index CFDs and Crypto CFDs (BTC, ETH)

Compared with legitimate platforms such as IC Markets and Exness, FXC Markets has no liquidity and risk management disclosures at all, and its credibility is extremely low.

5. Platform Execution, Slippage, and Technical Issues

• The platform claims to support MT4/MT5, but the software download path is from an unknown source, which may pose a security risk.

• User complaints are widespread, covering issues such as severe slippage, inability to execute profitable trades, and account bans.

6. Funding Channels and User Experience

• Deposit channels include credit cards, USDT, Bitcoin, etc., and the funds arrive quickly;

• Withdrawals are extremely difficult, with funds frequently not arriving or being rejected, a typical "easy to deposit, difficult to withdraw" model.

7. Lack of customer service and educational resources

• Customer service is limited to email or web forms, and feedback often goes unanswered;

• No research reports, market analysis or educational content is provided to investors.

8. User reputation and external inclusion

• Many investors reported withdrawal failures, unresponsive customer service, and tampering with profitable orders.

• Several reliable institutions have listed it as a high-risk or scam platform.

9. Summary of the Criteria for Judging a “Scam”

1. Cloning behavior confirmed : The FCA has warned and made it clear that it is an unauthorized "cloning platform".

2. The safety of funds cannot be guaranteed : there is no regulation and no coverage by the FCA or UK compensation mechanism.

3. Marketing and technology confusion : false leverage propaganda and questionable platform execution.

4. Very poor transparency : lack of legal entity information, regulatory information and company footprint.

5. Seriously negative reputation : a large number of complaints and strong refusal to deposit funds.

10. Radar score (out of 10)

• Regulatory compliance : 1/10

• Cost transparency : 4/10

• Trade Execution : 2/10

• Fund security : 1/10

• Service support : 3/10

Overall rating: 2.2/10 — This platform is clearly classified as high-risk and even highly likely to be a scam.

11. Risk Warning

• Investors are strictly advised to stay away from FXC Markets;

• If you have already deposited funds, please keep all transaction screenshots and communication records in a timely manner, and seek legal assistance as soon as possible;

• It is recommended to use platforms with clear supervision such as FCA, ASIC, and CySEC for trading and investment.