compass fx scam

CompassFX Reviews – Scam!!!

According to reviews of the traders CompassFX is another Internet scam that deceives naive traders.

CompassFX official website

Initially, CompassFX promises free trading tips every time they are published on the site in exchange for an email and as a bonus a free seven-day FOREX training course. In fact, this is a common trap.

CompassFX scam

But it was not enough for scammers. In the section “Exclusive Resources” they offer trading tools at attractive prices. But in practice it isn’t true since people are left without their money.

CompassFX scam

CompassFX is active in social media

CompassFX is trying by all means to keep up with other forex brokers and promoting its illegal activities on social media.

– facebook com / compassfx

CompassFX scam

This is how the broker’s website looks like on  YouTube 

CompassFX scam

As for the license for the provision of services by CompassFX the document itself with all the seals is not presented on the website. We remind traders that a broker needs a license from the local regulator to provide financial services.On the official website there is no information about the leaders of Compass FX who really is behind all this business. At this point a question arises whether an open and honest organization needs to hide its leader because this information is necessary for every client.

On the official website of the broker Compass FX, in the section “Contact Form”  you will not be able to find addresses or e-mails, or even telephone numbers for communication in case of urgent problems. Instead, you are asked to fill out a feedback form, and employees will contact you, but that is unlikely to happen.

CompassFX scam

Bad reputation of the broker CompassFX

This broker has a bad reputation on the Internet and this is evidenced by numerous negative reviews.

Refusal to withdraw funds to a client at CompassFX

CompassFX reviews

Another complaint of a deceived client about the loss of funds

CompassFX reviews

Negative feedback from the client about CompassFX 

CompassFX reviews


Based on all the above, we do not recommend this broker. We assume that if you are reading this article, you are looking for reliable brokers – we have a list of trusted brokers for you. So, if you have faced the fraud, our team of lawyers is ready to help you return the money.