Have you heard of clone brokers? These brokers take on names of legitimate-sounding companies to give a false impression of credibility. FXHourLtd is is a clone broker, but instead of taking a name similar to other brokers, it has adopted a name very close to a well-known app sold on Google Play called FXHours. This app allows forex traders to use automated trading so they don’t miss opportunities in other time zones while they are asleep.
We Have Found Some Problems with FXHourLtd
So FXHourLtd isn’t FXHours. What is wrong with it? The fact that it may be deliberately trying to clone their name is one problem. The other one is that they are not registered. We don’t recommend trusting unregulated brokers, because they provide no guarantee of protection and often are scam brokers. Therefore, we don’t recommend trading with FXHourLtd under any circumstances.
Here Are Some FXHourLtdRed Flags:
No transparency
No contact information
False claims
Poorly written web content
Not regulated
Bad reviews
What Should You Do If You Have an Account with FXHourLtd?
We do not recommend opening an account with FXHourLtd. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.
