31FX Review is 31 FX a Scam or Legit Broker

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31FX Review: is 31 FX a Scam or Legit Broker?

31FX Review: 31 FX is a forex and cfd broker that offers trading in a huge range of assets spanning commodities, indices, stocks and currencies. They have their address at The Leadenhall Building, 122 Leadenhall St, London EC3V 4AB, UK and they are owned and operated by JRV Market Ltd.

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31FX TRADING PLATFORM

This broker uses the cTrader trading platform for CFD and Forex trading.

DEPOSIT AND WITHDRAWAL METHODS

The available methods are Bank Wire transfer, MasterCard, Visa, bitcoin.

Is 31-FX LICENSED?

NO! 31 FX broker is not licensed. Therefore, no regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.

SUPPORT

This broker offers support to its traders, they could be reached through phone calls or emails, whichever you prefer.

CONCLUSION

31FX is an unregulated broker, this is a source of major concern. When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.

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Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe. They accept traders worldwide.. visit their official website

31FX is nothing but a big fraud. Just try to withdraw money from your account and find out yourself – you will never see a penny. My “trader” is Josh Wellner (if that’s his real name), he was lying to me from the beginning.

Hi Lars, I actually have an account with 31FX as well and my broker is Josh as well.
I was able to withdrawal funds in the past but from what you are saying now i think i should try to withdrawal all of my funds.

I have a combined account with 31fx and I’m unable to see the happenings of trade market on the app…all I get is updates on my profits via email from him and frequent calls…i have not tried to withdraw any monies yet….i am concerned since they are not a registered business.

be carefull if they sent you funds back it is to convince you to put in more they will scam you eventualy

yes he is a scammer got me too if there is any one else reading this say away you will not see your funds back

hi I have opened a thread on forex peace army community forum it would be good if I could get more people who have had dealings with josh wellner to post there I am going to wrap his knuckles

1st I spoke to a paul khalid the broker…. then when I actually did say I dont feel comfortable to invest more then 500 euro Josh Welner the director gave me a call. I also think something is fishy.

very fishy I traded my account to 4k asked for a withdrawal along came mr wellner and put on 20 loosing trades in 20 mins to close the account don’t put cash with these scammers you will never see it again

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31FX Review

Reason to avoid: Offshore license

Listed Date: October 7, 2020

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Beware 31FX is a Non-Regulated broker. It is NOT SAFE to trade.

  • Company name: JRV Market Ltd.
  • Registration/license: British Virgin Islands
  • Registration/license requirement: USD 2,000

31FX is a Forex and CFD. The company is owned and operated by JRV Market Ltd. with registered address in the British Virgin Islands and does not have a license to operate as a forex and CFD broker. In its terms and conditions the firm states to be a registered financial services company in the United Kingdom, although we didn’t find any records of the company in the Register of the UK’s regulator FCA (Financial Conduct Authority). Despite this fact, 31FX provides British registration address and contact phone number.
It is creal that 31FX is not regulated by any of the reputable authorities and is probably function from the offshore zone. Offshore-based unregulated brokers are not obliged to follow any rules and most often than not are involved in scam.

We highly recommend to trade with the brokers holding a license from respected financial institutions such as the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus and the Australian Securities and Investment Commission (ASIC) as they are obliged to follow strict financial and ethical rules. Here you can check our list of brokers, licensed by the FCA.

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