Fraud Reports Online recommends you read the Fewatrade review and avoid trading with this broker.
Broker Website – https://fewatrade.com/
Address – 100 William St New York, NY 10038 USA
Warned By – Not Recommended By Review Website Like Fraud Reports Online
Regardless of acting like a regulated and genuine broker, Fewatrade is simply one more scammer who is taking advantage of innocent traders.
Fewatrade’s business is altogether founded on lies, which include misleading data about their licenses, trading conditions, actual location, and more.
Fewatrade Review: Introduction
Fewatrade is an online trading and investment platform that deals in forex, cryptocurrencies, CFDs, and stocks. The broker offers more than 100 resources, and you have an assortment to browse and, subsequently, more possibilities, expanding your benefits. Their leverage ultimately depends on 100 contingent upon your perspective, this is a blade that cuts both ways. It can undoubtedly bring you extraordinary benefits, but more often, it prompts huge losses.
In this Fewatrade review, we will feature the warnings to assist you in making the right choice.
Is Fewatrade Regulated?
Fewatrade is not regulated by any authority and does not hold any licenses. They showed a phony certificate on their site so they can without much of a stretch procure trust from investors. This is truly a false broker that isn’t enlisted and managed.
Not having regulation is one of the significant warnings that you should not ignore. They are simply in the market to charm investors by offering unreasonable profits from their investments. If you deposit your money there, they persuade you to add your deposit to the most extreme, after which they vanish with it. Never invest with an unregulated broker for the safety of your money.
Fewatrade Trading Condition
Fewatrade does not share much information about their account type.
They offer to trade a few cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc. Mostly, genuine brokers share broad data about the account choices they give to guarantee that every client will pursue the one that suits their necessities, experience, and information.
Choosing an unregulated broker for trading might end up being a terrible decision in your life, as you might end up losing your money to them.
Fewatrade Withdrawal Method
Here comes one more red flag that makes you think again about picking this broker for your investment. The broker only accepts payments with pre-paid credits. A genuine broker generally acknowledges different installment techniques, including Visa, credit/check cards, wire transfers, and e-wallets.
These installment strategies permit clients to petition for a chargeback within 540 days.
How can I avoid getting scammed by Fewatrade?
The best way to keep yourself away from such scammers is to do proper research about whether Fewatrade is a legit broker. There are various negative Fewatrade reviews available on the web. However, some scam brokers have already posted fake positive reviews about them, but a sharp eye can separate phony from certified reviews.
Scammers utilize this lie for getting more investors. Being authorized and managed is an unquestionable necessity, yet most organizations are not. If you see a broker who isn’t regulated, don’t squander your funds with them. That must be a scammer!
Fewatrade Review: Conclusion
Fewatrade is a potential scam. It cannot be trusted as it is not regulated by any regulator. If you are a victim of the Fewatrade scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here. The Fraud Reports Online team will help you in fund recovery and also provide a free consultation to get your funds back.
Also, check out our list of scam brokers 2022 to read more reviews about such scam brokers.
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