In November 2022, Aihui Cha published an article exposing a fraudulent platform that counterfeit Fuhui ("Fake Fuhui FXCM has countless individuals, and there are various reasons for not giving money"). Unexpectedly, in the past few months, the real Fuhui FXCM will be exposed this time.
Complaints from users: difficulty in cash disbursement, indiscriminate warehouse cutting
Let's take a look at the description of exposed netizens:
I have opened an account for investment on the Fuhui FXCM platform and recently applied for a deposit. However, more than ten days have passed and the principal I invested in the Fuhui FXCM platform has not yet reached my bank card account. I have already applied for account cancellation on the Fuhui FXCM platform and there is currently no progress. What is the situation
What is this situation? Is exposing the experiences of netizens at Fuhui FXCM an isolated case or a common phenomenon? In order to answer this question, the editor checked the user reputation of Fuhui FXCM Aihuicha in recent months and also reviewed the reviews of other online platforms on Tianwang Cha. The results are as follows:
In Aihuicha, the reputation of Fuhui FXCM in recent months has mainly been "1 point", with issues including difficulty in paying, inability to pay, restrictions on entry and exit, and slow customer service response.
Other online reviews are also not optimistic, "If the account has been deducted from the deposit bank card for several days but has not been credited, the money will not be refunded"; Always refusing orders and not getting deals done; Fuhui is increasingly chopping its positions indiscriminately, with a stop loss point of 1658. It has actually cut to 1712, and the highest point during this time period is only 1661. It's like stealing money! There must be some ghost operation in the backend
Leaving aside other issues for now, Fuhui FXCM cannot guarantee even the most basic deposit and withdrawal on the trading platform in a timely manner, which is unacceptable to investors.
Can Fuhui still work?
There are generally three possible reasons for delays on legitimate platforms:
1. The withdrawal account information is filled in incorrectly. At this point, remitters need to check if the bound bank account information and deposit/withdrawal account are the same;
2. Violated the platform's trading rules and the platform refused to pay;
3. During some holidays, the platform or its third-party payment platform may not be able to make timely payments due to limitations such as payment limits and time constraints.
Regardless of the circumstances that prevent timely payment of funds, the platform is obligated to inform investors in a timely manner. Obviously, Fuhui FXCM did not fully explain its business in the exposure event. Moreover, the delay lasted for more than ten days, and this delay was too long. It's no wonder some users exclaimed that "Fuhui has long been out of service, customer service attitude is poor, and there are still many problems".
Fuhui FXCM is a very established dealer and also holds licenses from multiple countries such as FCA. We hope that he can handle these negative events in recent months properly and provide trading services for a longer period of time.
However, it is also important to remind users of Fuhui FXCM that it has been permanently banned by the US NFA before, indicating that it has always been adept at small moves and playing edge kicks. Therefore, users of Fuhui FXCM should be cautious when choosing to trade with it.
