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Investigating or researching brokers is one of the most important steps to protect your money from scammers. That is why we have written the Fantex Review after long research and found the broker to be a potential scam.
Many signs make this broker a scammer. Read this Fantex review to uncover everything to make yourself aware of this scam broker. We suggest you look at our routinely refreshed list of scam brokers 2022 to guarantee your money will not go into the hands of a scammer.
Broker Website – http://fantex.co/
Address – 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica Roseau Valley, DO 00152
Warned By – Financial Market Authority (Austria)
If you want to trade online, you have to be sure that your broker is legitimate and trustworthy. Not all brokers you find online are fair and legitimate. Many forex brokers, crypto brokers, and other brokers can assist you with accomplishing your investment objectives but picking the genuine one for your investment is the toughest task. If you don’t focus on the determination part, you might wind up with a scam broker. Staying away from scam brokers should be vital for individuals who trade online.
Fantex is one such broker that may offer some benefits but indiscriminately believing the offers and certifications of any broker can be a big mistake. This Fantex review will make you aware of the scam activities done by Fantex. Also, recover your funds if lost by a scammer with the help of Fraud Reports Online.
Fantex Review: Introduction
Fantex is going in a similar direction to a scam broker. The site is normal, and there is a propensity for all the subpages to be exceptionally shallow. The footer has overloaded data with no useful information. The only useful information you get there is the location of this broker, i.e., Commonwealth of Dominica. This area has a reputation for expanding the number of scammers. In this Fantex review, you will get to know more red flags about this broker.
Fantex Review: Warning Signs
Fantex is a scam broker based on a few or more factors mentioned below. These are the traits of a scam broker and you should closely watch these factors before trading with any broker.
A genuine regulation prevents market disappointment, safeguards investors, and reduces the impact of financial disappointments while trading online. Unregulated brokers don’t need to answer to authorized bodies. This intends that if they scam you in any way, you will lose your money.
Some brokers tend to lie that they are regulated, while some offer financial services without any regulation. In both cases, your money is in danger. Large numbers of brokers who are warned by some major regulators either don’t have a license or proper licensing.
If Fantex is not regulated, then the investor cannot make a move against them. That is the reason why it is necessary to pick a broker with genuine regulation.
Mostly, the brokers use a reliable platform like MetaTrader 4 or 5 for experienced and first-time traders. It doesn’t imply that any merchant who has MT 4 or 5 is essentially real. The scam brokers can make phony forms that don’t do genuine trading but rather take your funds or information.
One of the most baffling things as a trader is a withdrawal issue. The traders invest their money with the hope of gaining some profit, but the scammer holds their installments or doesn’t support the withdrawals.
If there are withdrawal issues, then you should be careful with the potential issues that may occur afterward.
A genuine and professional broker offers support at whatever point you are stuck eventually. A good broker provides reliable and supportive customer service, however, it is not always seen by scam brokers. Fraudsters lure people to invest their money and stop answering their calls and texts after fooling them.
Reading a broker review before investing with them is a good practice. But, many phony sites have Reviews loaded up with fake positive audits. They contain made-up names and photographs of individuals and replicated texts that are taken from irregular sources. We advise you to do good research on trusted brokers before trading with any broker.
Fantex Review: Conclusion
If you are a victim of a Fantex scam or any other scam broker, remember that you are not the only one. Many traders are going through the same situation. Scam brokers lure investors by different methods and techniques. But, there is always a solution. Fraud Reports Online helps investors to take immediate action against fraud brokers. We are here to provide a free consultation to make you aware of the scam brokers.
Also, if you are a victim of a forex scam, binary scam, cryptocurrency scam, romance scam, tax scam, pension scam, or any other scam, file a complaint against Fantex and tell us your case. Let us help you in fund recovery!
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Also, check New Zealand’s FMA blacklisted brokers here.