This Flow Trade 24 investigation delves deeply into the site to examine regulatory warnings, complaints, and indicators that suggest Flow Trade 24 might be a scam. Read on to learn about the risks of using this platform and the reasons why financial regulators have expressed concerns about Flow Trade 24.
Basic Details for Flow Trade 24
Website: https://flowtrade24.com/
Website Availability: NA
Official Address: 35 Berkeley Square, London W1J 5BFW 1 J 5 B F, United Kingdom
Regulation: Unregulated
Warned By: Financial Conduct Authority (United Kingdom), Comisión Nacional del Mercado de Valores (Spain)
Domain Status:
What is Flow Trade 24 (https://flowtrade24.com/)?
Flow Trade 24 markets itself as an online trading broker with a focus on CFD (Contracts for Difference), bitcoin, and forex. Their website states that they give trading chances for a range of assets and that they provide investors all around the world with first-rate financial services. The business claims to provide “advanced” trading tools, thorough market analysis, and safe financial services, and it caters to both new and seasoned traders. But despite these assertions, Flow Trade 24 has become notorious for its opaqueness, poor customer service, and complaints from a large number of users.
The company’s website is attractive and well-designed, but the content of its promises and services is dubious and contains several warning signs, such as unclear information on licensing or regulatory compliance. Both investors and regulatory agencies are suspicious of this.
FCA and CNMV Issued a Warning against Flow Trade 24
Official warnings regarding Flow Trade 24 have been issued by regulatory agencies, such as the National Securities Market Commission (CNMV) in Spain and the Financial Conduct Authority (FCA) in the United Kingdom. certain alerts suggest that Flow Trade 24 may be engaged in illicit financial operations and is not permitted to conduct business in certain nations.
In particular, the FCA’s warning emphasizes that Flow Trade 24 is not permitted to offer financial services or products in the UK and is operating without a license. Spanish investors have also been warned by the CNMV to avoid dealing with this unlicensed broker. These cautions draw attention to the potential risks for investors using Flow Trade 24 and emphasize the doubts regarding the broker’s legitimacy.
Warning Signs and Complaints
Significant delays or outright rejection of withdrawal requests are reported by numerous users. Suspicions are heightened by the platform’s customer service, which frequently fails to respond or gives evasive responses to worried customers. Flow Trade 24 has come under investigation for allegedly employing coercive methods to get investors to make larger deposits. Some users claimed that after making their first deposit, reps aggressively contacted them, pressuring them to make greater deposits despite their initial hesitation. Important facts including trading conditions, fees, and information about the platform’s crew are not provided by Flow Trade 24. In the online trading sector, this lack of openness is frequently indicative of possible fraud.
Flow Trade 24 Review – Conclusion
Based on many factors explained above we have finally concluded that Flow Trade 24 is a fraudulent broker. Do extensive research on any site before investing.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to Flow Trade 24 fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from Flow Trade 24.
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Note: The Flow Trade 24 review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring Flow Trade 24 company.