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FlawlessTradeFX Broker Review

FlawlessTradeFX meets the definition of a “fraudulent internet broker” if you’ve ever heard of the phrase. When we reviewed their website, we discovered a ton of misleading information, making it difficult to know where to begin to address it all. Here is our FlawlessTradeFX review, nevertheless.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: BaFin, IFSC, FSC Mauritius, FSC Granada
Owned by: Flawlessfx LTD
Headquarters Country: California, USA
Foundation year: N/A
Supported Platforms: Web trader
Minimum Deposit: $1,000
Cryptocurrencies: Available
Types of Assets: FX, commodities, cryptocurrencies
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: Yes

FlawlessTradeFX Regulations and Security

We must admit that confirming FlawlessTradeFX regulation was one of the most difficult tasks. The broker claims to be governed, among others, by the FCA, CySEC, FSCA, and FSC Mauritius. However, we discovered under the “Regulation” button that the company had a license from UFSA, a nonexistent regulatory agency purportedly from the USA. Despite searching through all of the aforementioned registrations, we were unable to locate any indication of the FlawlessTradeFX license.

There is also no formal proof that the brand is held by Flawlessfx Ltd, a company based in California, United States. The evidence we have so far suggests that there are so many warning signs about this trading company that you shouldn’t even consider it.

FlawlessTradeFX Warnings From Financial Regulators

We hardly ever see companies succeed in getting placed on the blacklist of many offshore regulators. The company’s purported regulator, FSC Mauritius, was the first to issue a formal warning.

In addition, we have the German BaFin warning. The other comes from Belize’s IFSC. And last, the last word from FSC Grenada.

The message in all of these cautions is the same: FlawlessTradeFX is a fraud; go away!

Fund Withdrawal Issues

All things considered, we were disappointed by but not surprised to observe withdrawal issues. No matter how much money they put, every investor who fell for the FlawlessTradeFX scam had the same experience: their withdrawal request was never executed, and they never received a penny back.

Because they have compensation funds, it is crucial to invest with regulated brokers.

Traders About FlawlessTradeFX Scam

The FlawlessTradeFX trading scam has generated a lot of feedback from traders. In addition to the previously noted withdrawal problems, the minimum deposit is too high. The spread begins at 1.9 pips, which is more than double the industry average. Nobody is available to help investors with their problems.

Reviews of FlawlessTradeFX claim that when a broker decides they can no longer extort money from a client, their workers disappear.

So, you should avoid FlawlessTradeFX broker and similar scammers.

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