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If you are looking for a reliable and trustworthy broker to trade forex, stocks, commodities, or cryptocurrencies, you might have come across Concretio Boost. Concretio Boost is a new online trading platform that claims to offer low spreads, fast execution, and high leverage. But are they legit? In this review, we will examine the features, advantages, and disadvantages of Concretio Boost and help you decide if they are worth your time and money.
What is Concretio Boost?
Concretio Boost is a brand name of Concretio Ltd, a company registered in St. Vincent and the Grenadines. According to their website, Concretio Boost is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines under license number 25498 BC 2019. However, this does not mean that Concretio Boost is a reputable or safe broker, as the FSA is not a well-known or respected regulator in the forex industry. In fact, many scam brokers use offshore jurisdictions like St. Vincent and the Grenadines to avoid strict oversight and compliance requirements from reputable regulators like the FCA, CySEC, or ASIC.
Concretio Boost offers over 250 trading instruments, including forex pairs, stocks, indices, commodities, and cryptocurrencies. They also provide access to various trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and MobileTrader. They claim to offer competitive trading conditions, such as low spreads starting from 0.1 pips, fast execution with no requotes or slippage, and high leverage up to 1:1000. They also claim to offer various account types, such as Standard, Pro, VIP, and ECN accounts, with different minimum deposits and benefits.
What are the advantages of Concretio Boost?
- They offer a wide range of trading instruments, which can appeal to traders who want to diversify their portfolio and access different markets.
- They support multiple trading platforms, which can give traders more flexibility and convenience in choosing their preferred trading interface and tools.
- They offer low spreads on some instruments, which can reduce the trading costs and increase the profit potential for traders.
- They offer high leverage on some instruments, which can amplify the returns for traders who have a high risk appetite and a good trading strategy.
What are the disadvantages of Concretio Boost?
- They are not regulated by a reputable or trustworthy regulator, which means that they are not subject to strict rules and standards that protect the interests and funds of traders. This also means that traders have no recourse or compensation in case of any dispute or problem with the broker.
- They have a poor online reputation, as there are many negative reviews and complaints from traders who have experienced issues with Concretio Boost, such as withdrawal delays or denials, account closure without explanation, poor customer service, hidden fees, and price manipulation.
- They have a high minimum deposit requirement for some account types, which can be a barrier for traders who have a limited budget or want to start small. For example, the VIP account requires a minimum deposit of $50,000, which is very high compared to other brokers.
- They have a lack of transparency and information on their website, as they do not provide clear details about their trading conditions, fees, policies, or terms and conditions. This can make it difficult for traders to understand what they are signing up for and what risks they are taking.
Concretio Boost is a new online trading platform that offers various trading instruments and platforms. However, they are not regulated by a reputable or trustworthy regulator and have a poor online reputation. Therefore, we do not recommend trading with Concretio Boost as they pose a high risk of scamming or defrauding traders. There are many other brokers that offer better services and security for traders who want to trade online.
What to Do If You’ve Lost Money with Concretio Boost?
If you have been scammed by Concretio Boost or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.