Do You Want to Know If NET-TradersFX Is Legitimate or a Scam Broker?
Would you get into a taxi if the driver doesn’t have a license? Why, then, would you trust an unlicensed broker? This may seem eminently logical, however, the number of unlicensed brokers continues to skyrocket.
The newest on the list of brokers the Financial Conduct Authority in the UK is issuing a complaint against is NET-TradersFX. This broker claims to be licensed to sign up clients in the United Kingdom, when in fact it has no license. It is just another broker that claims to offer double or triple digit percentage returns in a matter of days or weeks. In addition, it has a very high minimum of $300 and uses its proprietary software.
There is nothing wrong if brokers create their own trading software, but only if they are experts and licensed. Too often, scam brokers create apps and software designed to steal sensitive information from customers while no actual trading takes place.
There Are Some Problems with NET-TradersFX
You can read customer reviews, but be careful! Many of these review sites are hotbeds of misinformation. Scam brokers get their employees to write sham positive reviews and negative reviews about competitors. It’s best to rely on independent reviews and warnings from regulators. If a broker claims to have a license, check out every detail, including the name, location and other details on the regulator’s website to ensure it’s legitimate.
Red Flags that NET-TradersFX Could Be a Scam Broker
- No license
- No transparency
- False claims
- Bad reviews
If You Need Fund Recovery from NET-TradersFX ,Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with NET-TradersFX, close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.
