FXC Markets
fxcmarkets.com
🚫 Confirmed ScamActive Warning
Risk Summary
FXC Markets is an FCA-identified clone firm impersonating FXCM (Forex Capital Markets Ltd), a legitimate FCA-authorised broker. The FCA first published its warning on 5 April 2018, with a subsequent update in October 2022. The firm uses fraudulently copied credentials to solicit funds from retail traders, with victims reporting withdrawal refusals and complete loss of deposited funds.
Regulatory status: No FCA authorisation. FCA-confirmed clone firm impersonating FXCM (Forex Capital Markets Ltd). Warning first published April 2018.
Last verified: 15 January 2025 by BrokerDir Editorial Team
Official Regulatory Warnings
FCA (Financial Conduct Authority)2018-04-05
The FCA first published a warning on 5 April 2018 (last updated 19 October 2022) identifying FXC Markets as a clone of FCA-authorised firm FXCM. Consumers are warned not to send money or personal data to the firm.
Red Flags
- FCA-confirmed clone firm impersonating FXCM (Forex Capital Markets Ltd)
- FCA warning first published 5 April 2018, updated October 2022
- Uses fraudulent regulatory credentials copied from the real FCA-authorised FXCM
- No FCA authorisation or equivalent regulatory licence
- Victims report systematic withdrawal refusals after deposits are made
- Deceptive website designed to mimic the legitimate FXCM broker
What to Do If You've Been Affected
Stop all engagement with FXC Markets and do not send any further money. Report the firm to the FCA via their online scam reporting tool and to Action Fraud at actionfraud.police.uk. Contact your bank or card provider immediately to request a chargeback - act as soon as possible as time limits apply. Preserve all evidence including emails, account screenshots, and payment records. Avoid unsolicited 'recovery agents' who may contact you after the scam - these are frequently secondary fraud operations.
Safer Alternatives
These regulated brokers are reviewed by our editorial team and available as safer alternatives.
Frequently Asked Questions
Use the official FCA Register at register.fca.org.uk. Search by firm name and verify that the company's address, website, phone number, and FCA Firm Reference Number all match exactly. If any details differ from what the broker is presenting to you, you may be dealing with a clone firm.
Cease all further deposits immediately and do not pay any 'release fee' or 'verification charge'. Report the firm to the FCA and to Action Fraud at actionfraud.police.uk. Contact your bank to initiate a chargeback as quickly as possible.