Caution Investors FIATVISIONS – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Overview:
FIATVISIONS is a brand name of FV Marketing Ltd, a company registered in St. Vincent and the Grenadines, a notorious offshore jurisdiction that does not regulate forex and CFD brokers. The broker claims to have offices in London, Dubai, and Hong Kong, but these are likely fake addresses. The broker also claims to be licensed by the Financial Conduct Authority (FCA) in the UK, but this is a blatant lie. The FCA has issued a warning against FIATVISIONS, stating that the broker is not authorized to provide financial services in the UK and is likely involved in a scam.
Regulation and Compliance:
As mentioned above, FIATVISIONS is not regulated by any reputable authority and is operating illegally in many jurisdictions. The broker has been blacklisted by several regulators, such as the Australian Securities and Investments Commission (ASIC), the Ontario Securities Commission (OSC), the Alberta Securities Commission (ASC), and the FCA. These regulators have warned investors that FIATVISIONS is not authorized to offer its services in their territories and may be involved in fraudulent or manipulative practices, such as insider dealing, market manipulation, misrepresentation of material information, etc. Trading with an unregulated broker exposes you to a high risk of losing your money and having no recourse in case of any dispute or complaint.
Customer Reviews:
The customer reviews of FIATVISIONS are overwhelmingly negative and reveal many red flags about the broker. Many customers have reported that FIATVISIONS is a scam that uses aggressive sales tactics, false promises, and pressure to lure them into depositing money. The customers have also complained that FIATVISIONS does not allow them to withdraw their funds and blocks their access to their accounts. Some customers have even claimed that FIATVISIONS has stolen their identity and personal information and used it for fraudulent purposes.
Products and Services:
FIATVISIONS claims to offer trading on various assets, such as currencies, commodities, indices, stocks, and cryptocurrencies. However, the broker does not provide any information about its trading conditions, such as spreads, leverage, commissions, fees, etc. The broker also does not disclose its trading platform or software. The broker’s website is poorly designed and full of grammatical errors and misleading information. The broker’s terms and conditions are vague and unfair and give the broker the right to change them at any time without notice. The broker also imposes various restrictions and limitations on withdrawals, such as high minimum amounts, long processing times, excessive fees, etc.
Location:
FIATVISIONS claims to have offices in London, Dubai, and Hong Kong, but these are likely fake addresses. The broker’s actual location is unknown and may be changing frequently to avoid detection by the authorities. The broker’s phone numbers and email addresses are also unreliable and may not work or respond. The broker’s website does not have any security features or encryption to protect the customers’ data and transactions.
Customer Service:
FIATVISIONS claims to have a professional and friendly customer service team that is available 24/7 via phone, email, live chat, or social media. However, this is another lie. The broker’s customer service is nonexistent or very poor. Many customers have reported that FIATVISIONS does not answer their calls or emails or provides them with false or irrelevant information. The broker’s customer service agents are rude and unprofessional and often hang up on the customers or block them from contacting them.
Is Your Money Safe with an Unregulated Broker?
The answer is no. Trading with an unregulated broker like FIATVISIONS exposes you to a high risk of losing your money and having no recourse in case of any dispute or complaint. Unregulated brokers do not follow any rules or standards of conduct and can manipulate the market prices, execute your orders against you, cancel your profits, charge you hidden fees, etc. Unregulated brokers also do not segregate your funds from their own funds and can use them for their own purposes or disappear with them at any time. Unregulated brokers also do not participate in any compensation schemes or insurance programs that can protect your money in case of bankruptcy or insolvency.
Defensive Measures Against Fraudulent Brokers:
If you want to avoid falling victim to fraudulent brokers like FIATVISIONS, you should follow these defensive measures:
– Do your research before choosing a broker. Check the broker’s reputation, regulation, customer reviews, trading conditions, etc.
– Verify the broker’s license and registration with the relevant authorities. Do not trust the broker’s claims or certificates without verifying them independently.
– Avoid brokers that offer unrealistic or too-good-to-be-true offers, such as high returns, low risks, bonuses, guarantees, etc.
– Read the broker’s terms and conditions carefully and understand your rights and obligations. Do not sign or agree to anything that you do not understand or that seems unfair or suspicious.
– Test the broker’s platform and customer service before depositing any money. Use a demo account or a small amount of money to check the broker’s performance, functionality, reliability, etc.
– Keep a record of all your communications and transactions with the broker. Save your emails, chats, phone calls, receipts, statements, etc.
– Be careful with your personal and financial information. Do not share your passwords, PINs, verification codes, etc. with anyone. Use a secure device and network to access your account. Do not click on any links or attachments that you receive from unknown or suspicious sources.
– Withdraw your money as soon as possible and do not reinvest it with the same broker. Do not accept any offers or incentives that may delay or prevent your withdrawal.
– Report any suspicious or fraudulent activity to the relevant authorities and seek legal advice if necessary.
Conclusion:
FIATVISIONS is an unregulated and fraudulent broker that has been blacklisted by several regulators. The broker is not authorized to provide financial services in many jurisdictions and may be involved in fraudulent or manipulative practices. The broker’s products and services are unclear and unreliable. The broker’s customer reviews are negative and reveal many red flags. The broker’s location and customer service are unknown and untrustworthy. Trading with FIATVISIONS exposes you to a high risk of losing your money and having no recourse in case of any dispute or complaint. Therefore, we advise you to stay away from FIATVISIONS and choose a regulated and reputable broker instead.
