Introduction to Fiatvisions Review:
Fiatvisions purports to be the best in the industry like every other brokerage firm. However, we need to be very careful while trading in the financial market as there is a considerable number of scammers in the market. These scammers often try to contact you by cold calling and luring in people through exciting offers. If you are here with the intention of knowing whether Fiatvisions is a scam broker or a legitimate one, read the full Fiatvisions review to find out. IF you have been scammed by Fiatvisions, stay tuned till the end of the Fiatvisions review.
Minimum Deposit: $5000
Established in: 2021
In this section, we will be discussing all the red flags raised against Fiatvisions in this fiatvisions.com review.
FIATVISIONS HAS SUSPICIOUS REGULATION
On their website, Fiatvisions claims to be regulated by the regulatory authority of Mauritius. Regulation is a very important parameter that one must check before investing money with a brokerage firm. It is also necessary for the traders to not completely trust the brokerage firm. We advise our readers to conduct research outside the website to determine the legitimacy of the situation. In our case even though the license is real, Fiatvisions broadcasts several other red flags that may prove that Fiatvisions is a potential threat.
FIATVISIONS TRADING ACCOUNT
FiatVisions is an offshore broker that deals in stocks, commodities, indices, and forex. They offer Beginner, Basic, and Silver account categories. Unfortunately, we were unable to open an account with the broker, thus our evaluation is solely based on the scant information available on their website.
HIGH LEVERAGE OFFERED
Leverage is yet another threat that can put the trader at a lot of risks. Due to the same reason, the regulatory authorities usually put a limit on the leverage that can be offered at 1:50. In our case, Fiatvisions offers leverage of 1:400 to their customers. This is a huge amount as compared to the normal. Without the proper knowledge, the customer may end up losing the trade with such high leverage.
HIGH MINIMUM INITIAL DEPOSIT
Fiatvisions demands a very high minimum initial deposit from their customers. While the regulated brokerage firms demand a minimum initial deposit below $10, Fiatvisions demands $5000. This is as much as 500 times higher than the normal amount demanded by regulated brokerage firms. This raises yet another red flag against Fiatvisions in this Fiatvisions review that points us to the fiatvisions.com scam.
NO CUSTOMER SUPPORT
The customer support provided by Fiatvisions is highly unsatisfactory. On the website, they claim to have a team especially curated to provide comfort to their customers. However, upon calling on the numbers listed, they had no response. Furthermore, the mail id is given also gave us no response. This raised another red flag against Fiatvisions in this Fiatvisions review.
Conclusions: Is Fiatvisions really a scam broker or a legitimate broker?
To sum up, all that has been stated above, we leave it upon you to decide whether Fiatvisions is a scam broker or not. However, we must warn you to stay away from Fiatvisions as it is a potential threat to the people. If you have been scammed by Fiatvisions, file a complaint with us and we will help you out.
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