FCSIP has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Kaiser Invest Trade. We’ve received over 4 complaints against FCSIP.
FCSIP appears trustworthy, with a lengthy history and unique trading conditions, but a closer look reveals that it is an anonymous site, which is typical of internet scams. This review demonstrates why FCSIP fails to fulfill true broker criteria and recommends that traders look for more trustworthy options licensed in established financial centers such as the UK, EU, US, or Australia for safe trading.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is FCSIP Regulated? Do They Have a License?
FCSIP positions itself as a trustworthy organization with a lengthy history and distinctive trading circumstances. However, a deeper look reveals that it is an anonymous website, which is typical of many internet hoaxes. This review will explain why FCSIP does not match the requirements of a genuine broker and why you should look into more reputable solutions for your trading needs.
The regulatory status of a financial service provider is critical. Licensed brokers provide thorough information about their operating company, location, permitted jurisdictions, and regulatory monitoring. Unfortunately, FCSIP does not give any such information on their website.
The absence of a firm name, even in the Customer Agreement, raises serious concerns. Without knowing who is behind FCSIP, trusting this broker with your money is dangerous. The homepage includes an address in Liechtenstein, however an anonymous broker cannot legally operate in a regulated state. Furthermore, the local financial regulation does not list any licensed brokers utilizing the FCSIP brand or domain.
The Client Agreement mentions Vanuatu as an offshore jurisdiction, however this is equally false. It is unclear which business operates this broker or where it is located. Furthermore, Russia’s financial authorities have blocked the FCSIP website, calling its reliability into question.
To ensure safe trading, use brokers regulated in established financial hubs such as the United Kingdom, the European Union, the United States, or Australia. These regions have strong regulatory authorities, such as the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the United States, and the Australian Securities and Investments Commission (ASIC). These regulators assure client safety measures such as negative balance protection and separated client assets.
In the EU and the UK, brokers must participate in guarantee schemes that cover a percentage of the trader’s investment if the broker goes bankrupt. These warranties are up to €20,000 in the EU and £85,000 in the United Kingdom. Regulatory agencies also enforce stringent net capital requirements to ensure financial stability.
While FCSIP appears to provide appealing trading circumstances, the lack of transparency, regulatory monitoring, and several red flags suggest that it is not a real broker. Consider brokers regulated by recognized financial authorities in well-established financial centers such as the United Kingdom, the European Union, the United States, or Australia for secure and dependable trading. These brokers offer the necessary safeguards and transparency to ensure that your investments are safe.
The lack of regulation or the presence of poor regulation is a huge red flag. It means FCSIP might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of FCSIP, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at FCSIP
After opening an account, users receive access to a rudimentary trading platform. While it does provide order placement, it lacks the additional capabilities and customization possibilities offered in industry-standard systems like as MetaTrader 4 (MT4) and MetaTrader 5. These platforms provide numerous capabilities, such as multiple account usage, custom script design for automated trading, and backtesting trade techniques.
Despite the presence of a trading platform, it does not authenticate FCSIP’s authenticity or guarantee actual trade. Many frauds use rigged trading software to trick victims into thinking their money is being invested.
FCSIPs demand a minimum investment of $500. In contrast, reputable brokers frequently need substantially lower minimum deposits, making them more accessible. For example, FP Markets requires $100, XM requires $5, and HFM has no minimum deposit.
The FCSIP deposit menu was unavailable at the time of writing this review. The withdrawal menu provides alternatives such as bitcoins, credit cards, and bank transfers. However, experience with similar brokers indicates that only bitcoin alternatives are available in actuality. Scammers enjoy cryptocurrency transactions because they are irreversible. Legitimate brokers typically provide transparent payment options such as credit/debit cards, bank transfers, and popular e-wallets such as PayPal, Neteller, or Skrill.
FCSIP promises to provide a diverse selection of financial products, such as currencies, equities, indexes, cryptocurrencies, and commodities. However, due to the lack of governmental control, there is no guarantee that the trading on this site is legitimate. It’s best to trade with licensed brokers who operate in well-regulated environments.
FCSIP’s trading software shows a EUR/USD spread of 0.9 pips. Despite this seemingly appealing offer, the broker’s lack of clear information regarding trading parameters and the fictional nature of trades make it untrustworthy.
FCSIP advertises a high leverage of 1:50 on all assets, including cryptocurrency. However, on the trading platform, the leverage ratio is considerably higher, at 1:400. This high leverage is yet another indication that FCSIP is not a registered broker. Regulatory organizations, such as the European Securities and Markets Authority (ESMA), limit leverage to safeguard traders from large losses.
The Customer Agreement contains unusual withdrawal terms, such as an obligatory 20-day waiting time after account opening before withdrawal requests can be processed. Experience has shown that such brokers frequently apply hidden fees and other barriers to withdrawal requests.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
FCSIP Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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FCSIP Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if FCSIP might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online FCSIP reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of FCSIP, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like FCSIP enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “FCSIP reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising FCSIP.
You should always look out for consumer complaints. In the case of FCSIP, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about FCSIP? You can share your complaint in the comment section or submit an anonymous tip.
Is FCSIP Legit Or a Scam?
FCSIP is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind FCSIP can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust FCSIP?
All the evidence suggests that FCSIP might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
