Forex Express Robot _ bags a public notice from the British Financial Conduct Authority about the unlicensed public offering it offers via forex bots.
Currently, the website is down, with a Google waiver describing the shutdown as deliberate on Forex Express Robot’s part. It reads,
“Forexexpressrobot.com unexpectedly closed the connection.”
The issue follows closely upon the warning about the company’s attempt to thwart SEC indexing.
Forex Express Robot claims to offer algorithmic trading in the form of bots, which would help the owners trade forex, gain profits, and reinvest in a fresh cycle. It would keep cognizance of the product as a sort of micro trustee contractor.
Such business setups require due regulation from the relevant jurisdiction _ the UK SEC.
At the writing time, the company is yet to comply with the FCA requisites, prompting a clamp down.
What does this portend for Forex Express Robot clients?
It means business is closed on short notice. That implies that any subscriptions are gone with the website. As per pending withdrawals, Forex Express Robot can’t possibly put out a backlog notice since it wouldn’t have the recruitment prop to sustain the payouts.
So, the company is probably gone with the affiliates’ funds.
Read on below for details.
Table of Contents
Forex Express Robot: What It Offers
It offers a series of investment tiers as membership plans.
However, the only aspect that caught public attention is the bot forex traders that supposedly generate profits by using algorithms.
At the end of a trade cycle, members will earn up to 40% ROIs on their investments, depending on the bot-cache they bought, with the lowest being twenty percent (20%) ROIs paid per investment cycle.
Forex Express Robot embellished this high-yield program with fake awards and partnerships on the site, which brings us to the part about unproven claims of partnerships with companies like OctaFX, FXTM, and others.
It would seem that Forex Express Robot liberally manufactures any accolade that suits its PR game. So, it claims to be a partner of Exness, with awards for Happy Client, Winning Awards, and other fake titles.
None of these claims are true, of course.
The one thing true about the company though is the address of its address. It operates out of the UK at the address below.
4 Parsons Street, Banbury, England, United Kingdom, OX16 5LW
Below is what the EU has to say about the entire façade.
Here is how the Forex Express Robot login works.
How to Login to Forex Express Robot
The official website is currently down, although elite members of the company may well have access to the backend via a shelved affiliate referral code. In one instance, a drive containing digital information about investments and backend deals was confiscated by a court of law.
Also, the procedure in this post is necessarily a troubleshoot that relies on guess and pattern of abrupt closures used by many HYIP companies.
Regardless of these attempts to salvage whatever remains for the affiliates on the backend, Forex Express Robot is not likely to leave any public portal open after the FCA warning.
Moreover, the affiliates cannot seek redress since they are under the Financial Ombudsman Service. All the same, below are the sign-in steps.
- Liaise with a PR agent (or top affiliate) for the Forex Express Robot login block bypass.
- Enter your affiliate login details (email address and password) to access your dashboard.
- Check for any captcha or login blocks and disable them.
- Also, verify that the details you entered are accurate.
- Finally, click on Login.
Moreover, you can retrieve the government-registered details about the company from the official website. Preferably, call the telephone numbers below.
The FCA does not guarantee that this detail is accurate over time since companies may decide to use an updated image, especially when the existing data is only proviso info. The fca.org.uk says,
“Be aware that some firms may give out other details or change their contact details over time to new email addresses, telephone numbers, or physical addresses.”
Red Flag _ Company Racks Up an FCA Warning!
Here is a clip from the FCA site alerting the public to the unauthorized business run by the company.
“We believe this firm may be providing financial services or products in the UK without our authorization. Find out why you should be wary of dealing with this unauthorized firm and how to protect yourself.”
That is one red flag that anyone who wants to join an affiliate gig ought to check before signing up. Failing to comply with FCA rules easily provides a window For the company to bilk funds on the sly.
Everywhere else, scammers attempt to sidestep due SEC regulation by claiming to operate Defi projects, monetize internet data, or merely offer a certificate of incorporation in an irrelevant jurisdiction.
Don’t fall for the scam.