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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

FXPEE

United Kingdom United Kingdom | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.fxpfe.com/

Website

Rating Index

Contact

http://www.fxpfe.com/

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Company Profile 4
5-10 years
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk
Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
United Kingdom
Operating Period
5-10 years
Company Name
Power Foreign Exchange & Money Transfers Ltd
Abbreviation
FXPEE
Employees
--
Email
info@powermoneytransfer.com
Company Website
QQ
1402797577
About Us
Wiki Q&A
Comment

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Official Website

Company Profile

Company Profile

Review summary

Note:FXPEE's official website:http://www.fxpfe.com/ is currently inaccessible normally.

AspectInformation
Company NameFXPEE
Registered Country/AreaUnited Kingdom
Founded Year2012
RegulationFCA(Suspicious Clone)
Customer SupportEmail:info@powermoneytransfer.comQQ:1402797577

FXPEE Information

Founded in 2012 and with offices in the United Kingdom, FXPEE purports to be under FCA oversight but functions under a dubious clone regulation. The company provides email at info@powermoneytransfer.com and customer assistance by QQ at 14027975. Given its unsure legal posture, potential traders should use caution.

FXPEE Information

Is FXPEE Legit or a Scam?

Is FXPEE Legit or a Scam?
Financial Conduct Authority(FCA)
Current StatusSuspicious clone
Regulated byFCA
License TypePayment License
License No.503127
Licensed InstitutionPOWER TRANSFER LIMITED

Downsides of FXPEE

Although FXPEE claims to be under control of the FCA,but this control is considered to be a clone, so compromising the validity and regulatory compliance of the broker.

The broker flags high potential risk because of her doubtful regulatory position and recorded issues including not having a physical office, which could undermine faith in the company's activities.

Running with minimal transparency and without comprehensive and verifiable company information, FXPEE makes it difficult for traders to assess the broker's dependability and honesty.

Conclusion

Based in the United Kingdom, FXPEE is an unregulated broker with great risk because of its dubious clone control and high possibility of fraud. Further erasing confidence in the broker is the absence of a physical office and restricted openness. Choosing registered brokers that provide clear, verifiable information can help to guarantee openness and security in their operations, therefore enhancing the trading experience.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is FXPEE safe and reliable?

According to WikiFX data, FXPEE cannot be considered safe or reliable for mainstream retail forex trading. The broker's WikiFX Score is critically low at 1.62, indicating severe deficiencies across all assessed categories including regulation and risk control. Operating without any recognized forex trading licenses, this entity presents a fundamental absence of investor protection mechanisms. User funds are placed entirely outside regulated financial systems, representing a significant and unmitigated risk profile. Comprehensive due diligence is essential before any engagement.

04-09
United States

Is FXPEE regulated?

No, FXPEE is not a regulated forex broker. According to WikiFX data, its regulatory status is classified as 'No Regulation.' The entity, Power Foreign Exchange & Money Transfers Ltd, holds a Payment Service Provider (PSP) registration in the United Kingdom, which is an unverified license that does not authorize forex trading or provide client fund protections typical of brokers overseen by authorities like the FCA or ASIC. There are no records of it holding valid licenses from any major financial market regulator.

04-09
United States

What is the minimum deposit of FXPEE?

Information regarding the specific minimum deposit required by FXPEE is not currently available in the public domain. Typically, brokers outline such terms clearly on their website or in account opening documentation. The absence of this readily available data, coupled with the broker's unregulated status, suggests potential opacity in its operational terms. Prospective clients are advised to seek explicit clarification directly from the broker before committing any funds.

04-09
United States

Does FXPEE support MT4 or MT5?

WikiFX data indicates that FXPEE does not support the industry-standard MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. The broker's software index score is assessed at 4.0 out of a possible 100, reflecting a significant lack of mainstream, reliable trading infrastructure. The use of proprietary or less common platforms can pose challenges related to execution transparency, tool availability, and overall trading experience when compared to established solutions like MT4/MT5.

04-09
United States
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