Evidence of systematic violations - CySEC must revoke FXCC's license immediately
FXCC: A Pattern of Violations
Comprehensive analysis reveals serious regulatory violations, expired licenses, unauthorized account transfers, and systematic customer fund mismanagement under FXCC's operations.
Documented Violations
Investigation Findings
Based on extensive review of Trustpilot testimonials and customer complaints, FXCC has demonstrated a disturbing pattern of behavior that threatens customer funds and violates basic regulatory principles.
Expired License Fraud: Multiple users report FXCC operating under an expired Vanuatu VFSC license (expired 2018) while continuing to accept customer deposits and misleading clients about regulatory status.
Unauthorized Account Transfers: Customers report their accounts were transferred from Cyprus (EU-regulated) to Vanuatu (less regulated) without their consent or notification, potentially to avoid CySEC oversight and EU customer protections.
Systematic Withdrawal Blocks: The most serious violation involves blocking customer withdrawals for extended periods (11+ months documented), with users reporting their funds are essentially being held hostage through endless "security checks" and verification requests.
FXCC claims to be regulated by CySEC and VFSC, but customer reports indicate:
- Vanuatu license expired in 2018
- Transferring accounts without consent
- Multiple CySEC complaints filed
Serious concerns about segregated accounts and fund protection. Users report inability to access their money, with FXCC ignoring withdrawal requests and customer support emails for 6+ months.
Documented Customer Violations
Evidence from real Trustpilot users shows systematic patterns of fraud and customer harm.
Withdrawal Fraud
$38,718 withheld for 11+ months. Users report "FXCC is stealing money" with no response to withdrawal requests or support emails.
Hidden Fees
2% crypto withdrawal fees, unauthorized commissions, $9/night swap fees not disclosed upfront - designed to trap customer funds.
License Fraud
Operating with expired Vanuatu license (2018), misleading customers about regulatory status and protections.
Account Manipulation
Removing bonuses without notice to trigger margin calls, closing positions without authorization, freezing accounts during "checks".
Jurisdictional Escape
Transferring customer accounts from Cyprus to Vanuatu without consent to escape EU regulations and oversight.
Fake Reviews
Suspected manipulation of online reviews with fabricated positive testimonials while 93% of real Trustpilot reviews are negative.
CySEC Must Act to Protect Investors
The Cyprus Securities and Exchange Commission has a legal duty to protect EU investors from fraudulent brokers. The evidence is overwhelming and publicly documented.
Do NOT Invest with FXCC
Protect your money. The evidence shows FXCC cannot be trusted with customer funds. Read all reviews and consider safer alternatives.