FXGT Scam Warning 2025 | High-Risk Broker Exposed: Withdrawal Fraud, Fake Fees & Frozen Accounts

1. Platform Background and Operation Overview: From a "Global Broker" to a Focus of Complaints

FXGT , which calls itself "a leading global multi-asset forex trading platform," was founded in 2018 and is operated by 360 Degrees Markets Ltd. Headquartered in Seychelles, it operates through several subsidiaries in Africa, Asia, and Europe. The platform officially boasts:

• 🌐 Covering 100+ countries around the world

• 📊 Supports 500+ products including foreign exchange, indices, cryptocurrencies, commodities, etc.

• 📈 Offer up to 1:1000 leverage and zero spread accounts

• 🏆 Provide 24/7 multilingual customer service and fast deposit and withdrawal services

However, since the second half of 2024 , FXGT's reputation in Japan, Taiwan and Southeast Asia has begun to deteriorate sharply. A large number of users have exposed problems such as " withdrawals being delayed indefinitely, accounts being frozen for no reason after making profits, and customer service not responding " on social platforms. Some cases even involved suspected fraud investigations .

II. Regulatory Structure and Compliance Analysis: Licenses Are Real, But Protection Is Extremely Weak

FXGT officially claims to hold regulatory licenses in multiple jurisdictions, including:

📉Compliance risk points :

• It has not been regulated by the Financial Services Agency of Japan (FSA Japan) , the UK FCA , or the Australian ASIC ;

• Offshore regulators bear no actual responsibility for user complaints and fund security;

• The client funds isolation and protection mechanisms are not clearly stated in regulatory documents.

👉 In other words, even if FXGT freezes funds or refuses withdrawals, Japanese investors cannot seek redress through local regulatory channels . This is the fundamental reason why a large number of user complaints remain unresolved.

3. Withdrawal test records: Profits are frozen, and some accounts are completely locked

We conducted three withdrawal tests on the FXGT platform (January to May 2025):

📉Summary of core issues:

• Small withdrawals are usually accepted, but once profits exceed 20% or the amount is large, the withdrawal failure rate rises sharply;

• Customer service replies often use templates such as "system under review" or "suspected abnormal transactions" to delay or refuse payments;

• Many investors reported that their accounts were directly frozen and they were unable to log in , and their funds were permanently locked.

IV. Inventory of the latest complaints in 2025: Social media explosion

As of September 2025 , FXGT has a large amount of negative feedback on major complaint platforms in Japan, Southeast Asia, and Europe:

📢 Twitter / X Top complaints:

" 2ヶ月経っても出金が综合されない. サポートは "Under investigation" と言うだけ. "
— @fxloss_jp (May 2025)

" The profit is out and the "exception is attracted" by the "exception" is frozen. The evidence is explained by the explanation. "
— @cryptotradedead (July 2025)

📢 5ch & Yahoo Dashboard:

• Increased “liquidation tax” requirements – Multiple investors reported being required to pay an “account risk margin” before they could withdraw their funds;

• "Forced account clearing" — some account balances were reset to zero, euphemistically called "risk control adjustments";

• "Customer service is out of touch" - the official support email no longer responds, and the online chat function is offline.

📢 Trustpilot user rating (October 2025):

• ⭐ 1 star: 74%

• ⭐ 2 stars: 15%

• ⭐ 3 stars and above: only 11%

User comments focus on three major issues: " Withdrawals are always under review ", " Accounts are blocked if profits are made ", and " Customer service always pushes the blame ".

5. Hidden fraud schemes: "fund interception" structures disguised as legal

The problem with FXGT is not just delayed withdrawals, but a systemic fraudulent business logic :

1. Profit triggers blockage : When the account profit reaches a certain threshold, the system automatically triggers "abnormal transaction detection" to freeze the account;

2. Delays under the pretext of compliance : Withdrawals are indefinitely delayed under the pretext of "anti-money laundering investigations" or "security audits";

3. Margin call trap : users are required to pay additional "margin" or "compliance fees" to unlock withdrawals;

4. Banned account cancellation : Even after the user cooperates, the account is still unable to withdraw funds, the account is banned and the balance is reset.

📊 This model is essentially the same as a "Ponzi scheme under a legal guise," especially using real regulatory licenses to create the illusion of "credibility," and then legitimizing the refusal to pay through technical terms and customer service procedures.

VI. Potential Legal and Criminal Risks: Regulatory Trends in 2025

• 🇯🇵The Japanese Financial Services Agency has added FXGT to its warning list for July 2025, stating that it is “ operating without a license and suspected of violating Article 29 of the Financial Instruments Exchange Act ”;

• 🇪🇺An internal notification from the European Commission's European Securities and Markets Authority (ESMA) pointed out that FXGT is suspected of preventing the repatriation of user funds through "technical barriers" and may be involved in an " investment fraud" investigation;

• 🇹🇼Taiwan 's Financial Supervisory Commission warned investors that the platform "has not obtained any local licenses and the investment risk is extremely high."

📉 Once the regulatory authorities formally file a case, FXGT's relevant operators and agents may face criminal risks such as " misappropriation of funds, illegal fundraising, and fraudulent operations ."

VII. Risk Scoring and Investment Recommendations (10-point scale)

📊Overall Rating: 1.8/10 (Very High Risk)

8. Summary and Risk Warning (Updated as of October 2025)

In just two years, FXGT went from a popular forex platform to a major source of withdrawal complaints. The reason behind this was that it used offshore regulatory licenses to disguise compliance while using systematic risk control and technical means to legally freeze funds. Complaint data and social media sentiment from 2025 clearly indicate that FXGT's risks are fully exposed.

• ❌ Withdrawal is not guaranteed

• ❌ Customer service loss of contact and evasion

• ❌ Frequent freezing of profitable accounts

• ❌ The "backpayment" scam is getting worse

📊 Why we finally included FXGT in our 2025 "Suspected Scam" list

After multi-dimensional investigations, field comparisons, and complaint tracking, we have come to a clear conclusion: FXGT is no longer a "high-risk platform," but rather a suspicious broker with typical characteristics of a scam . Its behavior is highly consistent with multiple previously shut down cross-border Ponzi schemes, and user losses are spreading rapidly. The main reasons are as follows:

1. Profits are frozen, and redemption refusal is the norm.
   Once an account shows significant profits, it is locked by the platform under the pretext of "risk control review" or "abnormal trading," making withdrawal impossible. This "direct interception of investor profits" violates international financial regulatory practices and is a typical fund seizure operation.

2. ⚠️Fictitious “liquidation tax”, “margin” and other charging links for secondary harvesting
   FXGT has been repeatedly exposed for requiring users to pay additional fees before withdrawing funds. These charges do not exist in any regulated financial institution and are common scam tactics, showing that the essence of the platform is to "extract additional funds."

3. 🪪Offshore shell regulations offer no financial security .
   The Seychelles and Vanuatu licenses held by the platform have minimal regulatory oversight and are not responsible for freezing accounts or refusing withdrawals. This "pseudo-compliance" merely provides cover for fraud and offers no protection for investors.

4. 📉Social media complaints surge, with negative public opinion overwhelmingly accounting for the majority
   Since 2025, the number of complaints against FXGT on platforms such as Twitter, 5ch, and Trustpilot has skyrocketed. More than 90% of the complaints are related to failed withdrawals, disappeared customer service, frozen accounts, and even class action lawsuits, indicating that the problem is systemic.

5. 🧠The fraud model is exactly the same as the historical Ponzi scheme
   From "making small withdrawals first to build trust" to "blocking the account as soon as it makes a profit", and then to "still unable to withdraw cash after paying taxes", FXGT's operating methods almost copied the routines of multiple fraud platforms that were closed down between 2023 and 2024, and it is suspected that the same team is operating.

🛑 Final Conclusion (2025 Latest Qualitative Analysis)

Based on all the investigation data and victim cases, we believe that FXGT no longer has the nature of a "high-risk foreign exchange platform", but is instead a suspected fraud platform with systematic fraud characteristics .

• ❌ Profitable funds cannot be withdrawn

• ❌ The platform fabricated fees to defraud additional funds

• ❌ Offshore regulation offers no protection

• ❌ User complaints continue to explode

• ❌ The behavior logic is exactly the same as that of the closed fraud platform

👉Investors should immediately stop any deposits or transactions, retain evidence and report to financial regulators or law enforcement agencies.