WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com

您当前语言与浏览器默认语言不一致，是否切换？

切换

Global Broker Regulation & Inquiry App

Broker Search

English

简体中文繁體中文 English Pусский 日本語 ภาษาไทย Tiếng Việt Bahasa Indonesia Español हिन्दी Filippiiniläinen Français Deutsch Português Türkçe 한국어 العربية

Download

Home -

Broker -

FUDA -

Scam Brokers

Score

0123456789

/10

FUDA

Item: FUDA
Rating: 1.58

Hong Kong|5-10 years|

Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.fuda668.cn/

Website

Open Account Time Machine

Rating Index

Contact

852 56194021

cs@fuda668.com

http://www.fuda668.cn/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Check whenever you want

Download App for complete information

Download on the

WikiFX (Global)

Download on the

WikiFX (China)

Download Apk

WikiFX Pro

This platform is a Ponzi Scheme. Please stay away! 3

Previous Detection : 2024-11-27

This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!

The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

FUDA · WikiFX Survey

Users who viewed FUDA also viewed..

XM

9.05

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

Decode Global

8.64

Score

5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

MiTRADE

8.49

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)

Details

Official website

EC Markets

9.05

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

FUDA · Company Summary

General Information & Regulation

FUDA is an investment registered in Hong Kong China, offering forex currencies, indices and commodities through MT4 trading platform. However, FUDA is not subject to any regulation.

Risk Warning

It has been verified that FUDA is an illegal platform, so it is unsafe to trade with this broker.

Markets Instruments

FUDA offers the following trading instruments: forex, Index as well as commodities.

Minimum Deposit

Clients can choose the account type that best suits their individual trading objectives from a choice of two live trading accounts: the Standard Account (with a minimum deposit of $200) and the ECN Account (with a minimum deposit of $2,000).

Spreads & Commissions

FUDA advertises that it offers low spreads for its traders, but does not specify detailed spreads on particular instrument.

Trading Platform Available

What FUDA gives traders is the counterfeit MT4 trading platform, so it is definitely unsafe to trade on this platform.

Deposit& Withdrawal

In terms of payments methods available, FUDA does not make this part clear. In most cases, most brokers would support traders to fund their accounts through Credt/Debit Card (Visa, MasterCard, Maestro), Bank Transfer, as well as some online processors like Skrill and Neteller.