FMFW Review – Pumped Up Numbers, Offshore Laws, and More Revealed

One of the key details missing from the FMFW crypto exchange is their headquarters and legal information. However, the T&Cs reveal the governing law for any disputes is the one of the Bahamas. By accepting their agreement, traders waive the right to sue the company in court or have a jury involved.

This tells you how trustworthy they are. However, we will cover many other irregularities in this FMFW review.

Broker status:	Unregulated
Regulated by:	No regulations
Operating Status:	Active crypto trading company
Known Websites:	https://FMFW.io
Blacklisted by:	N/A
Owner:	FMFW Ltd
Headquarters Country:	N/A
Foundation Year:	2023
Online Trading Platforms:	Proprietary app
Mobile Trading:	Available
Minimum Deposit:	N/A
Deposit Bonus:	Not available
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes – BTC, ETH, DOGE
Available Trading Instruments:	Cryptos
Maximum Leverage:	1:12
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	With too many irregularities about this company that is most likely offshore-based, nobody with common sense should deposit there. But if you did, our refund team is available for consultation because it’s obvious you will need it.

Is FMFW Legit?

The FMFW exchange claims to be trusted by more than 1 million users all over the world. Yet, the download rate of their wallet is just above 1,000 on PlayStore. Obviously, they are pumping up numbers to appear legit.

Another key fact is that the company doesn’t have a digital asset service provider license. Not from any regulator, not to mention top-tier ones. For example, FCA, BaFin, or CFTC. Therefore, all the security they are promising is hardly believable.

Traders Experience

If you think that’s all from their lies, hold on. Isn’t that weird that the company has more than 1 million clients and has only 5 comments on Trustpilot? Not to mention, all of those are negative. All comments point out that FMFW.io company is a scam.

Also, some traders reported this company rebranding recently. All in all, zero trust score. Therefore, if you know something that we don’t, feel free to share it with us. After all, we can offer you refund advice and assistance to get the funds back if we know your case.

How Does the FMFW Scam Scheme Work?

As can be seen, the company is trying to mislead traders into believing they are trusted. However, once traders join and start depositing money, they are caught by numerous traps. Primarily verification and withdrawal issues. Thus, with zero reliable contact options, traders are not even able to reach the company and find a solution.

But that’s exactly why our refund specialists are there. To give you detailed guidance on refund methods, chargebacks, and tracking crypto. Feel free to contact us for a free first meeting. Meanwhile, you can check our TresorFX review and see what other trading tricks you should avoid.

Who Are FMFW Victims?

It appears this trading brand was registered in 2019. Since then, they have been targeting a wide range of countries. Some of them are financially strictly regulated. For instance:

• United States
• France
• Brazil
• India

Yet, regardless of your country, you deserve to get your money back. Let us know in the comment section what’s your experience, and we’ll see if there is a solution for you.

What Are Trading Platforms Available?

One of the positive sides of this exchange is that they have developed their own wallet. Even though desktop users have to log in on a web-based platform, it’s still solid.

However, after reading reviews and checking their regulatory status, we found that this app quickly became questionable.

Is the FMFW Mobile Trading App Available?

Indeed, the company offers a dedicated mobile app, FMFW Wallet. But only for Android users. However, the AppStore has far more rigorous requirements for placing an app. That might be exactly the problem and reason why this exchange doesn’t have it listed there. To see how it should be done, check our NBX review.

What Financial Instruments Does The Platform Include?

Fairly, the FMFW crypto exchange has quite a solid instrument availability. There are 155 coins available and many different crypto pairs for margin trading. Some of the available options are:

• Tether
• Bitcoin
• Monero
• VeChain
• Chainlink
• XLM/USDT
• QTUM/USDT and more

Account Types Offered by FMFW

Unfortunately, no specified details about account types are available. Thus, there are individual and individual pro accounts. But none of the requirements for those are revealed. Anyway, the only visible difference between those two is the daily and overall withdrawal limit. Yet, some traders report this as complete nonsense because they will block withdrawal anyway.

Can a Trader Use an FMFW Demo Account?

Sadly, no. Even though that’s rarely seen with crypto exchanges, it would be a nice option. Otherwise, traders don’t have a chance to test the app or any of its features.

FMFW Fees, Leverage, and Commission

To be fair, the only way to get favorable fees is when you have a 30-day trading volume higher than $5 million. The starting maker and taker fee schedule is 0.5%. This is way higher than that of their competitors. Especially licensed ones.

Also, there are fixed and transparent margin trading fees. But, the company reserves the right to change these at its sole discretion without the traders’ knowledge. And voila, you are getting tricked.

Is FMFW Withdrawal Possible?

Considering the lack of regulations, non-transparent withdrawal fees, and negative reviews, you can definitely expect issues. Not to mention, the company is preparing soil for KYC-related problems because that’s the easiest way to prolong the withdrawal process.

In any case, you have far more transparent companies offering much better services, security, and transparency.

What Should I Do If I Have FMFW Problem?

Overall, if you see any irregularities, you can report them to local regulatory authorities. If they don’t know the solution, they will guide you to authorities that can do something about it. But in the end, every client who can’t withdraw the funds has only one wish. To get the funds out anyhow.

For that reason, we offer you a free first consultation where you can get full refund guidance. Get in touch today and book yours!