FX Tampa

( 1.7 )
10 reviews
Suspicious
This company shows several warning signs of potential fraud.
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Key Highlights Critical Insights
Pros|Cons Details FAQ Reviews Broker Profile
Pros
The broker promises several ways to deposit funds.
Cons
Leverage is very high.
No information about licensing.
Registration in Estonia is not confirmed.
Short operational history.

Company Background

For more than five years, the broker FX Tampa has been offering services in the financial markets, although online reviews are almost non-existent on the internet, which raises some doubts about such work experience. The firm indicates the legal entity Cloudview OU, registered in Estonia, but completely ignores licenses, so it is logical to assume their absence. However, the user agreement mentions a completely different organization, from Lithuania, Integrito Globalis UAB. So where is the truth?

Overview of Services and Trading Terms

FX Tampa offers to open a brokerage account and start trading CFDs. The account opening process involves first a check by managers, and then activation. All these processes last up to 24 hours. Available asset classes include forex, metals, indices, stocks, commodities, and cryptocurrencies.

Clients can use daily market analysis and recommendations, exclusive updates, 24-hour technical support, assistance from a manager, and leverage up to 1:100. For more favorable conditions and access to a wide range of services, an enhanced tariff can be activated. There are 5 options in total at FX Tampa, with the first requiring a minimum deposit of $250. The higher the account type, the more favorable the conditions, but also the higher the required balance:

  • Wider leverage, up to 1:1000.
  • VIP support.
  • Personal coach and assistant.
The exact size of commissions at FX Tampa is not specified; they are only marked as “low”. Additionally, the size and type of spreads also remain a mystery. The firm offers to trade on a standard WebTrader, which is additionally adapted for mobile phones.

Referral and Bonus Schemes

FX Tampa tries to attract new users and encourage existing ones with bonus promotions. The company offers a 50% bonus on deposit replenishment, but one should not forget about the conditions and rules that are also imposed on the trader when receiving bonuses. Unfortunately, the company does not disclose the exact details of these incentives.

Apparently, there is no affiliate program in FX Tampa. Although it could be an excellent tool for attracting new clients.

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FAQ

Is there any income guarantee when trading with fxtampa.com?

The company offers to trade in financial markets, but does not promise any specific profits, let alone guarantees. Everything depends on the size of the trader's capital, their strategy, and money management, which includes risk management.

What sum is necessary to begin dealing with FX Tampa?

Considering the description of account types and the FAQ section, users need a minimum of $250 to start cooperation with the broker. This is not our recommendation; this figure is described on the website.

What deposit and withdrawal methods are available?

The organization supports all major money transfer methods, including credit/debit cards, bank wire transfers, electronic wallets, and cryptocurrencies. Regarding cryptocurrencies, we recommend being cautious and not using this method of depositing funds, as transactions cannot be returned or canceled. Moreover, the use of digital currency allows the company to remain completely anonymous.

Is fxtampa.com a legitimate website?

There is no mention of regulation on the official website, so one can confidently speak of the company's illegal activity. Also, the broker indicates two legal entities, the first based in Estonia, and the second in Lithuania. Why does the firm first claim one registration and then another? Some contradiction.

Is it like roulette with no guarantee of earning money?

Marginal trading in CFDs carries high risks. This way of making money is not suitable for everyone, which should not be forgotten. The statistics are quite sad, more than 75% of traders lose money on CFDs. However, there is another, more serious risk. FX Tampa cannot provide reliability guarantees, as there is no license, so clients' interests are not protected at all. It means that the broker can at any moment stop the withdrawal of funds and stop communicating. We also want to draw attention to the fresh domain, registered in July 2023, despite the claimed experience of more than 5 years. How did the platform operate without a website?
Michael Glaz - Author on scamroulette.com
Michael Glaz

The broker offers some very interesting withdrawal conditions. For example, if you open an account, deposit money, but then change your mind and want to withdraw your funds without trading, they won’t allow you to do so unless you have made at least one trade. Moreover, to start withdrawing, you must reach a trading volume of 100,000 USD, including leverage. If you can’t achieve this on your own, a helpful manager will assist you. Somehow, I’m convinced that after their “help,” there will be nothing left to withdraw. Well, what kind of help were you expecting? In trading, it’s all up to you.

Overall Score

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1.7/5
OVERALL

Based on 10 votes

10 reviews about FX Tampa

  • Joe Hart
    1 review
    23.02.2024 14:57
    How do people fall for that?

    Seriously, how can one trust a pseudo-broker without a license? It’s funny. A group of anonymous scammers creates one fake site after another, and people still fall for it. Don’t you regret the lost time and money?

  • Allo
    1 review
    13.02.2024 10:41
    There's no question of fraud

    Why do scammers always require a minimum deposit of 250 dollars? Are they so foolish and unthinking that they don’t understand they are exposing themselves by setting it at 250 dollars? FX Tampa is engaged in theft. That’s 100%.

  • EXOTIC
    1 review
    11.02.2024 07:37
    There are both positive and negative sides to it

    I want to express my opinion regarding FX Tampa. It looks average, more precisely, it seems there are good and positive aspects of the broker, but at the same time, there are also disadvantages. For example, the firm has been operating for over 5 years and provides its legal information – it’s a plus. But the absence of brokerage licenses is a minus. So, it’s something neutral. Regarding trading conditions, it’s also not so straightforward. The firm could at least disclose information about what commissions and spreads await traders, not just additional services, which, of course, are very luxurious and interesting, but hidden commissions do not create a desire to open an account. So, I have a neutral opinion about www.fxtampa.com, and I would probably advise not to take risks, but to find a more clear and unambiguous brokerage intermediary.

  • Wizard192
    1 review
    05.02.2024 22:51
    Not a real broker. Just a fake.

    It is very important to do fact-checking and verify a potential brokerage company for red flags. FX Tampa lies about its operating period, as its website’s domain was only registered in July 2023. Additionally, any broker is obliged to obtain a license, which they have not done. And there’s also a conflict of interest because we are facing a CFD platform that earns not from commissions and spreads, but from drained and lost deposits of traders.
    Find yourself a more verified firm, not this pathetic parody of a broker.

  • Junior Nei
    1 review
    04.02.2024 05:03
    Ignore the scam

    Another fraudulent organization that swindles naive traders for money. Absolutely nothing new the scammers have come up with. Fx tampa, just like 99% of other black scambrokers, applies fraudulent schemes and tricks to lure people with money into their fraudulent den. Fake legal data and offices, lack of a license, and a 100% b-book business model – here is a list of the most obvious “red flags” that cannot be missed.
    This scambroker will gladly accept your deposit, but will never return it. Don’t be surprised when you will be waiting for the processing of a withdrawal request, but nothing will happen. Everyone who transferred a deposit to the swindlers lost it forever. So I recommend not even trying to trade and not opening an account here. It’s pointless

  • Hector Brainfoul
    1 review
    04.02.2024 04:24
    I need some advice. Can I trust FX Tampa or not?

    Hello. I am new to the financial markets, but I really want to start earning, or at least develop in this direction. Now I am looking for a brokerage company where I could open an account and start my journey as a trader. I need training, help, and support, and I see that FX Tampa offers such opportunities and seems to be oriented not only to experienced and earning traders but also to novices.
    But I am more interested in the question of reliability and security. Can I trust it? Will it steal my money? And, of course, how profitable is it to work here, does the broker’s assistance really bring positive results? I will be glad for any feedback and all answers. I have several options for opening an account, and I have enough time to think and not rush with the choice. Thanks in advance to everyone who responds!

  • WINNER
    1 review
    01.02.2024 05:22
    Strange firm

    A very strange organization. The footer of the website lists the legal entity Cloudview OU, but in the user agreement, it’s completely different – Integrito Globalis. Besides, almost nothing is written about FX TAMPA on the internet. I don’t see anything good or positive here, do you?

  • HHADWE
    1 review
    24.01.2024 00:24
    Not processing the withdrawal request.

    I can’t even recommend this company because I haven’t been able to withdraw funds for over two weeks. The request is created, but nothing further happens. Additionally, I’m trying to get in touch with the managers of fx tampa, but it seems like they are deliberately ignoring me. Has anyone else encountered similar problems? Is there any solution? What to do at all?
    I’m sorry to lose $2,500 on this scam platform, so I want to try to get them back. The catch is also that I transferred the money using cryptocurrency. Therefore, the likelihood of a refund is almost zero.
    And I share my experience of how I lost money. So I hope that no one will invest in fx tampa anymore.

  • Smila-face
    1 review
    16.01.2024 15:13
    Scammers will steal your money

    Fx Tampa will steal your money and not even blink an eye! This is a black brokerage firm, its activity is fake, and no licenses have been obtained. A scam broker can’t even count on any licenses. The quotes are fabricated, scammers will manipulate the quotes to drain all your capital! Don’t even think about collaborating with fxtampa com!

  • Sunny
    1 review
    13.01.2024 17:40
    Terrible conditions

    The platform cannot be called convenient and profitable for intraday trading. All your profits will be eaten up by commissions and spreads, so there’s no point in trading on FX Tampa. IMHO, a bunch of brokers offer much more favorable conditions than here. I lost $250, but I didn’t mind, as I understood the risk I was taking. Here are huge commissions, equally large spreads, and poor terminal performance. As a trader who tested the service, I can say – bad, very bad. I give it 2 points, although I’d like to give 1.

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Broker Profile

Date of foundation
Since 2023
License
No
Leverage
1:1000
Demo account
No
Order Execution Model
DD
Minimum deposit
$250
Trading Platforms
Basic, Mobile compatibility
Leverage Options
High leverage (e.g., 1:500)
Range of Instruments
Moderate range
Customer Support
Limited hours support
Regulatory Status
Not regulated
Account Types
Variety of account types (retail, professional, Islamic)

Why you can trust reviews about FX Tampa

  • Our report includes a comprehensive look at the company and information on its background.
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