Beware! Financial-Agent.com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Financial-Agent.com’s ambiguous name can be interpreted in two ways, one of which is to fully trust this brokerage and dedicate your time and money to it. However, the alternative is to doubt the legitimacy of this company because, really, who would name his/her brokerage company thusly and not expect some kind of ridicule? We stick with the latter, for the site is filled with signs to support it. The first obvious one is the copy-paste nature of the website, a very reminiscent source for a ton of other shady brokerages. There is more where that came from. Read the review to discover more.
We encountered a major problem that we were not too surprised by, in that we could not create an account. The issue was simple: the broker never sent us the much-needed verification code that is the one thing between us and the user area. Without it we were doomed to an unregistered user experience.
It greatly upset our flow, due to the fact that now we have no choice but to take all the trading and payment info from the site.
With that said, we found out that there is no value given to spreads, while the leverage is apparently capped at 1:1000. This is a dangerous value and must be carefully considered before using it. As for the tradeable assets, they are forex currency pairs, metals, oil, and indices. There are quite a few missing.
The website is available in English and Chinese.
FINANCIAL-AGENT.COM REGULATION AND SAFETY OF FUNDS
After going into some deep research, we found out that this here broker is one of those that aim to keep it on the downside as much as possible. In other words, there is nothing on the entire website of the broker to suggest a license or an address.
Financial-Agent.com is completely anonymous, and it seems that the only way to find it, is if it wants to be found. This is usually turned on its head because the only way this can happen is if Financial-Agent.com finds you.
There is nothing more to it: Financial-Agent.com is UNREGULATED and a risk to all that invest in it!
The short legal documents that don’t contain important info are another sign of the firm’s lack of a license. With short legal docs, companies have much more freedom as to their handling of customers.
Investing in unregulated brokers is kissing your money goodbye. Always look for a license before investing into a brokerage, most preferably from either the FCA or CySEC, but also from other renowned agencies. These regulators have strict rules and prerequisites that all brokers must follow, or otherwise, penalties or foreclosure may follow! What’s special about the FCA and CySE said that they offer reimbursement schemes to all users of brokers that they regulate, covering their losses if the broker becomes insolvent. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.
FINANCIAL-AGENT.COM TRADING SOFTWARE
Today’s broker claims to be offering an alleged MT5. This would have been a superb addition, one that, nevertheless, would not have redeemed the company’s lack of a license.
Here we encounter something that is typical of scammer brokers. The name of the company providing the MT5, and thus its servers, is irrelevant to Financial-Agent.com. Both companies have nothing in common or at least nothing in common that we could find. This is why we think that Financial-Agent.com does not provide the MT5, but probably a simple and boring web trader of some sort.
FINANCIAL-AGENT.COM DEPOSIT/WITHDRAW METHODS AND FEES
Here’s the other big problem we had with this sloppy brokerage: it offers no deposit or withdrawal insight. There is nothing to give potential users any further info about the broker’s payment methods and fees. There was even no mention of a minimum deposit!
Usually, the minimum requirement to open an account is around $250, while the payment methods most popular with unlicensed brokers are those confined to cards or cryptocurrencies. As for any fees, most illegally operating brokers do have some sort of fee structure attached almost always, even if they don’t tell you.
Overall, we cannot in any way recommend this broker to anyone. It’s a disaster, and one to completely avoid. Do not invest in Financial-Agent.com!
How does the scam work?
Online ads that seem extravagant, promising impossible returns, are the entry point into an investment scam.
When a user clicks on the ad, he or she will be redirected to one of the following: a scammer broker site or an intermediary website. The user will then be asked to provide a phone number or a phone number.
Giving in to these ads will lead to a deposit, initiated by the first level of fraudsters, whose skill as negotiators should not be underestimated. Once an initial deposit is made, the user has entered the scam.
The core fraudsters, a.k.a “account managers”, will try to keep users invested in the scam until the user does not realize he/she is being scammed. Usually, it takes around 2 to 3 deposits to realize something is off. The fraudsters might pay some profits, just to keep the client invested.
Once the client realizes she is being scammed, the broker would have either closed her account, shut down the entire website, or simply will not allow for a withdrawal.
What to do if scammed?
A credit or debit card scam is one in which users can most easily get their money back, through a chargeback procedure. MasterCard and VISA have a chargeback period of 540 days.
If the user has given the scammers money through a bank transfer then they must ASAP change bank account username and password and only then proceed to contact the bank, asking them for direct help.
Money invested through a crypto wallet is gone for good, because crypto transactions are untraceable!
Users might stumble upon these so-called recovery agents or agencies. They will say that they can recover lost funds in return for a hefty service fee. Needless to say, after the user falls for this, these agents will never be heard of ever again!
Rich Snippet Data