Before Trading with Folgory Exchange, See if Folgory Exchange is the Right Broker in this Folgory Exchange review and Why It’s on Our Broker Alert List
This blog post provides a detailed Folgory Exchange Review, uncovering why it’s flagged as a scam and blacklisted by the Securities Commission (SC) in Malaysia.
Website: https://folgory-ex.cc/
Website Availability: YES
Official Address: NA
Regulation: Unregulated
Warned By: Securities Commission (Malaysia)
Domain Status:
Name: FOLGORY-EX.CC
Registry Domain ID: 202541587_DOMAIN_CC-VRSN
Registered On: 2024-09-20T05:29:53Z
Expires On: 2025-09-20T05:29:53Z
Updated On: 2024-09-20T05:29:53Z
Overview of Folgory Exchange
Folgory Exchange advertises itself as a global cryptocurrency trading platform. It claims to offer a wide range of digital asset trading services with cutting-edge technology and high-security standards. However, upon deeper investigation, Folgory Exchange Review reveals significant red flags that potential users must know before investing their funds.
Why Is Folgory Exchange Flagged as a Scam?
- Blacklisted by SC Malaysia: The Securities Commission (SC) of Malaysia has blacklisted Folgory Exchange. This designation is a significant warning sign for investors, as the SC regulates and monitors the financial landscape to protect the public. Any platform on this list is deemed unsafe and unauthorized to operate in Malaysia.
- Fake Regulatory Claims: During our Folgory Exchange Review, it became evident that the platform falsely claims to be regulated by financial authorities. However, these claims cannot be verified. Trusted brokers typically display their regulatory credentials transparently, but Folgory lacks this transparency.
- Customer Complaints and Fund Recovery Issues: A common theme in reviews of Folgory Exchange is the inability of users to withdraw funds. Numerous people have complained about delays, arbitrary account suspensions, or outright denials of money delivery. Such practices indicate the platform’s fraudulent intent.
Folgory Exchange Review: Conclusion
In summary, this Folgory Exchange Review exposes the platform as a scam blacklisted by the Securities Commission of Malaysia. The platform’s lack of regulation, numerous customer complaints, and fraudulent activities make it a high-risk choice for investors.
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Be aware of other potential schemes in the trading world, such as Forex Trading Scams, Cryptocurrency Scams, Pump and pump-and-dump tactics, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Binary Options Deceptions, and more. If you have fallen victim to any fraudulent schemes, including those related to Folgory Exchange, take action immediately to protect your funds.
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Note: The Folgory Exchange review is influenced by some existing Folgory Exchange reviews online and we have created an original Folgory Exchange review based on known facts. We are not responsible for any legal actions taken by any entity favoring Folgory Exchange company.