Is FXHours Ltd a Good Broker or a Scam?
One major type of trading scam is clone broker fraud. This happens when a fraudulent party takes on a name that is similar to a legitimate and regulated financial service. FXHours Ltd has a name similar to FXHours, an app sold on GooglePlay that allows forex traders to have access to automated trading while they sleep. It isn’t certain whether this app is legitimate, but FXHours Ltd seems to be fooling people into thinking it is associated with the app.
We Have Some Concerns with FXHours Ltd
Unlike the app, FXHours Ltd is a broker that has no license. FXHours Ltd guarantees returns. It should be noted that no broker can guarantee returns from investments. It is also apparent that there are man positive reviews that seem fake and were probably written by people in the company. There is also no licensing information and therefore, no reason to trade with FXHours Ltd.
FXHours Ltd Red Flags
- No license
- False claims about licensing
- No transparency
- Fake reviews
- Probably a clone scam
Lost Money to FXHours Ltd? Talk to Us!
Our experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid FXHours Ltd and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will help you locate your funds.