FXVC

Overview of FXVC

FXVC was a trading platform offering forex, commodities, stocks, indices, and cryptocurrencies. Founded in 2017, they operated under a Seychelles license but are no longer regulated since relinquishing it in 2022. This means FXVC can no longer offer any trading services, including crypto. While past details suggest they supported various payment methods and customer service channels, this information is irrelevant as they are no longer operational.

Pros and Cons

Pros:

• Diverse investment options (in the past): FXVC previously allowed users to trade forex, commodities, stocks, indices, and even cryptocurrencies. This provided a one-stop shop for various investment needs.

Cons:

• Not regulated: A significant drawback was the lack of regulation after FXVC relinquished their license in 2022. This absence of oversight increases the risk of unfair trading practices, lack of transparency, and difficulty resolving disputes.
• No longer operational: The biggest con is that FXVC is no longer a viable option. They stopped offering any trading services, rendering their platform and app unusable. This eliminates any potential benefits they might have offered.

Regulatory Authority

FXVC is no longer subject to regulations as they've relinquished their license. Unregulated exchanges can be risky because they lack oversight on things like financial reserves, fair trading practices, and dispute resolution.

Security

FXVC's security details are irrelevant since they are no longer operational. Their past security measures are likely outdated and unenforceable. When choosing a new trading platform, prioritize companies that are well-regulated and prioritize security. Look for details on two-factor authentication, encryption methods, and how they handle user data.

Cryptocurrencies Available

While FXVC used to offer trading in cryptocurrencies along with other financial instruments, it's important to note that they no longer provide these services.

In 2022, FXVC voluntarily gave up its license to operate as an investment firm. This means they can no longer offer investment services or trading products, including cryptocurrencies.

Payment Methods

Since FXVC is no longer operational, any details they had about payment methods and processing times are outdated. They had various payment options like bank transfers, credit cards, or e-wallets.

FXVC APP

FXVC no longer offers trading services, so their app is likely non-functional and potentially insecure. Previously, the FXVC app might have allowed users to trade on the go, similar to their web platform, with features like viewing account balances, monitoring positions, placing trades, and accessing financial news. Since FXVC is no longer operational, any app you find might be illegitimate and a security risk. For trading, consider using a reputable platform and check their website for app details and functionalities.

Is FXVC a Good Exchange for You？

No, FXVC is not a good exchange for you. They are no longer operational and cannot offer any trading services, including cryptocurrency trading. If you're looking for a platform to trade, FXVC is not a viable option.

FAQs

Is FXVC still operational？

No, FXVC is no longer offering any trading services.

Can I trade on FXVC's platform？

Unfortunately, FXVC is no longer active, so you cannot use their platform for trading.

Can I use the FXVC app to trade？

The FXVC app likely isn't functional anymore, and using it could be risky.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.