FreyrFX Review: Freyrfx.com A Desperate Broker

FreyrFX Review
  • Fund Safety
  • Customer Support
  • Contact Details
  • Regulation
0.5

Summary

FreyrFX does not have a refund policy to reclaim your money if its services displease you. They also fail to avail any evidence of successful withdrawal transactions made by customers. Hence you will have a hard time trying to access money from your account.

FreyrFX is an online trading platform that aims to provide leveraged investment services. The company allows you to invest in indices, crude oil, and Forex exchange among other assets. They guarantee commitment to delivering customer satisfaction and high competitive transaction costs. Moreover, FreyrFX aims to meet the needs of every trader. Also, they guarantee a user-friendly interface. Hence you expect to conduct trading with ease on the platform.

FreyrFX Review, FreyrFX Company

Accordingly, a smart investor will consider several factors before investing even a single dime in FreyrFX. As you read this impartial review we highlight some of the murkiness they expose and why your funds may be at risk. Meanwhile, these transparent forex trading companies apply tried-and-tested strategies and you can count on them for sensible returns.

FreyrFX exposes numerous similarities to scam companies and immediately you begin to question the services they promise traders. The website barely has any important information. They claim since the company’s establishment revolves around the understanding of customers’ needs and optimization of trading terms. However, the trading world is not Child’s play and without proper strategies, you will hardly attain a pleasing investment experience.

FreyrFX claims to have more than 15 major liquidity providers including famous Banks. They also assure customers of low spreads and excellent quotes. Nothing they do or promise traders make any sense and your money is at risk. 

Freyrfx.com Review

Freyrfx.com guarantees the perfect trading experience by providing a platform for all global traders. Also declined to feature some of the most powerful tools with a multi-trading strategy. Accordingly, you should be cautious not to end up purchasing the wrong tools. Even so, automatic trading is preferable to humans since they do not mix trading with emotions. Scammers tend to take advantage of the vast competition in the market by promising sophisticated tools. 

FreyrFX not only fails to reveal transparency on how it operates. The company assures its customers of professionalism and expert-level services. Consequently, they do not avail any details of the founders or the employees. Moreover, scammers tend to hide personal data since they result in opening clone companies and robbing money from innocent traders. Also, the founder’s information is important as well as qualifications because relying on directions from anonymous people is not advisable.

FreyrFX guarantees customers transparency in pricing through ECN markets. In addition, they guarantee stability in the software they use and fast trade executions. Even so, the kind of algorithm it uses is also not known and this raises concern and the company claims.

How Freyrfx.com Operates

Freyrfx.com promises all sorts of traders an opportunity to benefit from its services. However, the company does not have any helpful educational materials to assist beginners in understanding the market. Video tutorials and webinars help novice investors in grasping more knowledge of how the market operates. Furthermore, investing without proper knowledge and understanding of the market will only yield more losses your way.

FreyrFX only focuses on the funds that you deposit. The company exposes numerous similarities to companies for you to expect them to function any differently is absurd. They operate anonymously and lying in search of profits is unheard of. Therefore you will receive alerts through various means possible. FreyrFX will persuade you into making deposits and enjoy one-time opportunities to make massive returns. Also, they will claim to make attractive profits within short periods which is hardly attainable even in well-established companies.

In addition, you may come across bonuses on the first deposit of up to 100%. First rates are illegal in some European countries. You can hardly withdraw the reward money after depositing without completing certain tasks. Nevertheless when you fall for the catch and deposit with FreyrFX. Consider any business between you and them over. They will result in denying your access to the services they render or even to your account.

The software it uses is compatible with Metatrader 4 and is the only positive factor regarding the company. You can access its services via Windows or mobile devices. Accordingly, it does not provide any trade transactions from the past. FreyrFX should at least provide three months of trade history or more to assist in determining the kind of returns to expect. Also, they might be making negative returns, and posting such data does not attract any new customers.

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FreyrFX Funds Safety

FreyrFX does not show any reasons to think that your funds are safe. Additionally, the safety of your fund should be a top priority in any entity. Moreover, relying on anonymous people not only puts your funds at risk personal information as well may end up in the wrong hands. FreyrFX does not have a demo account to test and familiarise the platform before investing real money.

Freyrfx.com Review, Freyrfx.com Broker

The company does not have any evidence of swift transactions made by traders. FreyrFX does not feature single positive feedback from any customers to consider investing any amount in the company. The company appears to be of benefit to only the anonymous people behind its services. So they might end up keeping your money impersonal account as they persuade you to wait for mysterious profits. FreyrFX does not have any bank details to affirm security funds.

Deposit and Withdrawal

FreyrFX does not reveal what is the minimum trading amount. Therefore you will have to contact them for the same information. They will lure you into making hefty deposits for no reason. Additionally, they accept various payment options such as Skrill, and Neteller among other options. You should only consider using the credit or debit option for finding your account for a chargeback of up to 540 days. Wire transfer and cryptocurrency transactions are irreversible.

FreyrFX does not have a refund policy to reclaim your money if its services displease you. They also fail to avail any evidence of successful withdrawal transactions made by customers. Hence you will have a hard time trying to access money from your account. Scammers will find ways to hold on to your money for a long. You will eventually give up on receiving funds back. Additionally, you should receive your funds instant upon request. FreyrFX does not reveal how long it takes to process withdrawal requests or any information regarding the same and you should avoid the entity at all l costs.

FreyrFX Customer Support

The company does not provide any location whereabouts address. Therefore you can hardly count on any support information they provide. Also, you can reach the company only through email. FreyrFX does not feature telephone contact or a live chat section.

Moreover working customer support helps in gaining more trust between you and the company. The company guarantees that user-friendly interface also attaining the same is impossible without proper customer relation. You should receive instant responses to your queries and if not fast. Even so, fraudulent companies will cut off any communications with you upon receiving your money.

Regulation

FreyrFX offers services to traders across the globe. However, it is illegal in most countries if not all to generate funds from the public without adhering to regulation policies. FreyrFX does not provide any regulation documents nor does it fall under any legit regulator.

Furthermore, these regulated forex trading companies operate transparently. You can easily find and verify the regulation documents with the responsible watchdogs. Unregulated companies barely revealed information of the founders and that of the employees because it risks facing criminal prosecutions. Also, scammers can barely afford regulation fees and they can easily end up facing bankruptcy.

Final Verdict

FreyrFX claimed to have won awards that are non-existent in the training world. The company does not have previous trade transactions to verify any of the claims they promise investors. You cannot determine the returns to expect from the platform either without information from other traders.

Hence you should rely on these forex brokers for transparent services and a reliable trade approach. You will enjoy a pleasant ride experience unlike relying on FreyrFX.com. 

 

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