Fundcrex Review – Is it a Legitimate Trading Platform?

Fundcrex appears to be a regulated broker. The information presented on their platform about their legality checks out and their website is very professional in their approach.

The educational outlet provided by them is above par and they even claim to offer trading signals and personalized risk management plans. Note that there is no audited reports or any other form of evidence to rate their performance over the years.

A handful of people have accused this broker of mismanagement of funds and delayed withdrawals. However, the reports are nothing more than mere allegations at this period of time and until more data pops up, we have to give both the parties the benefit of the doubt.

There are various account types offered, but the starting capital required to use this brokerage is way above the competitors. If you are planning to use their services and interface, then read the following content carefully.

We have covered important aspects of their business in order to help you make better decisions.

Preliminary checks

Fundcrex deals with trading instruments and securities and as such, it needs to have all of their data encrypted. Their website does feature a valid SSL certificate and we are happy to report that they are not blacklisted by any software, platform or browsers.

Whois search revealed that they are operational for less than a year at the time of publishing this post. Also, the details of the registrants are hidden and from a transparency point of view, it is not a good sign.

Fundcrex.com does not receive a considerable amount of web traffic. The Ahrefs tool reveals that they have no domain authority and their backlink profile is weak.

Due to the lack of sufficient data, we cannot find any popular platform or forum that links out to them.

Fundcrex Website

The Fundcrex website is without doubt user-friendly. From tabs to widgets, everything is light and works extremely well. Legality wise, they are regulated in three different regions and their license numbers can be easily traced.

However, the link between this brand name and their parent firm is not that clear and it creates room for a lot of confusion. In case you are interested in knowing the license numbers, then check out the list below this paragraph.

One of the things we liked about this platform is the quality of the educational content present. Of course, the content is not advanced in any way, but they have managed to explain the fundamentals really well.

Moreover, the range of instruments available with them is also huge and apart from the fact that they do not offer derivatives, we have nothing to complain about. This broker claims to offer tight spreads that are as low as 0.6 pips.

As they do not provide a glimpse of their platform, we cannot attest their statement. Unlike popular exchanges and brokerages, this one does not support MT4 or 5 platforms.

All of the clients have to use Fundcrex web trader interface to place the trades or exit the pre-existing positions. The main disadvantage of having a web trader is that it is hard if not impossible to use custom indicators with them.

Oddly enough, the leverage offered by them does not change regardless of which account you choose and the margin levels for different instruments are not clear. We strongly recommend you to speak with the support team before pulling the trigger.

Licenses

• The International Financial Services Commission (Belize) – IFSC license number IFSC/60/354/TS/18
• Financial Conduct Authority (UK) – Reference number: 705428
• Australian Securities and Investments Commission (ASIC) – Number 443670

Fundcrex Account Types

There are primarily three account types currently available on their platform. The base account requires a minimum trading capital of $2,500. Needless to say, the capital requirement is way too much and there are certainly a lot of regulated alternatives available.

Most of the features are available to all the account holders. However, few things like risk management plan, financial plan, trading signals, video tutorials and personal account manager gets unlocked only to premium and ultimate account holders.

There are no performance reports present on their platform. So, without seeing any first hand data, we are hesitant to trust them with our funds. Video tutorials are also not available for the public and even the Analysts details are not that reassuring.

Also, do not have high expectations about charting solutions and if you are someone that uses a lot of custom tools, then use third party services like Tradingview. Data regarding account management services and other forms of automated way of trading are limited.

To be on the safer side, we encourage people never to employ any automated ways of trading unless you are aware of both the rewards and the risks present.

If you ever get confused about any kind of concept or deals, then talk with a licensed financial planner immediately.

Remember, each and every instrument in the financial sector is different and you need to adapt to changes constantly to get the best out of the markets.

Funding, Payments and Fees

This platform supports a lot of payment methods. People can use e-wallets, wire transfer, and debit/credit cards to move money in and out of this brokerage.

Processing time for deposits and withdrawals depends upon the payment method used and it usually is instant for e-wallets and it might take up to 5 working days for wire transfers.

Note that this broker does not charge fees on any kind of transactions. The minimum withdrawal amount is not specified, but apart from that fact, everything about them is reasonable. Here’s the entire list of supported payment mechanisms.

• Neteller
• Skrill
• Bitcoin
• PayPal
• Wire Transfer
• Debit Cards
• Credit Cards
• Sofort (Germany Only)
• Giro Pay
• I Deal
• Web Money

Fundcrex Community and Feedback

Fundcrex is a broker that hasn’t received much traction from any social media platforms or forums. We did spend an hour or so to find any information about them, but regardless of which clever keywords we used, nothing came up.

As their website traffic is very negligible, the customer reviews are becoming next to impossible to find.

On scampulse, we found a serious allegation about this platform.

Take a look at the comment made by a user. Isn’t this type of testimonial scary to say the least?

On June 24, 2020, I was referred to FundCrex to invest with their company. The company stated that they were also in California where investors were in their company. Upon researching their number was alarming and location, too. After further research, I informed my contact of the possibility that this company was a scam. After such conversation, she attempted to withdraw from her account and to this day, she has not received any of her funds. She is in Australia and is contacting the authorities in her area as well. I want to alarm investors of this company.

On the BBB, we also come across this alarming comment from someone who allegedly lost $200,000 with a FundCrex related scam:

On June 24, 2020, I was referred to FundCrex to invest with their company. The company stated that they were also in California where investors were in their company. Upon researching their number was alarming and location, too. After further research, I informed my contact of the possibility that this company was a scam. After such conversation, she attempted to withdraw from her account and to this day, she has not received any of her funds. She is in Australia and is contacting the authorities in her area as well. I want to alarm investors of this company.

If you are an American, then you should definitely not invest with Fundcrex since they are not US-regulated.

Can you Trust Fundcrex?

There are quite a few unanswered things about this broker. First of all, they claim to be active from 2015. However, the domain information clearly proves otherwise. Secondly, the trading volume and web traffic does not go hand in hand.

Thirdly, the parent firm and license information is vague and that invites a lot of trouble. Lastly, the performance reports are not present and their trading history is not revealed to the public.

So, how on Earth can anyone trust them without seeing any proof? Due to the reasons listed above, it is better to avoid dealing with this broker.

Verdict

Fundcrex broker looks impressive on paper. They feature the right kind of content and their platform looks just like any other reputable regulated trading solution.

However, they do not reveal a lot of things about their whereabouts and the transparency element is not addressed properly.

Compared to the merits, the demerits are more and at least for the time being, it does not make any sense to use them as your primary broker.

As the facts are ambiguous, we recommend all of our readers to look elsewhere, but just make sure the one you are looking at is both reputable and regulated.

Fundcrex appears to be a suspicious broker. If you have any experience with them, then grace our comment section with your thoughts.