In this review, we will describe why your funds are not safe with PortfolioFX.
Is PortfolioFX Legit ?
PortfolioFX is an offshore broker. Problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why your funds are not safe with PortfolioFX.
Are Funds Safe with PortfolioFX ?
With such lack of information and PortfolioFX being offshore, funds are not safe. Security of funds is a huge problem with offshore brokers. A red flag that we noticed is PortfolioFX is withholding vital information to users.
PortfolioFX could go bankrupt from one day to another since there are no banking information about this broker.
PortfolioFX Review: our Conclusion!
PortfolioFX is an offshore broker. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.
I was scammed by PortfolioFX. I could not withdraw and they asked for a CySec fee in bitcoin. They’ve gotten smart. The trading manager Patrick Dupont who worked at wavestrade,another scammer work for this company too.