Looking for Flexo Markets reviews to know either is Flexo Markets broker scam or genuine? If so, then you are in the right place. Through this review, you will know why Flexomarketasia.com is not a legit trading site and why it is a scam that will disappear with your money.
- 1 About Flexo Markets
- 2 Should you trust FlexoMarketAsia?
- 3 Is Flexo Markets Safe?
- 4 How Flexomarketasia works?
- 5 Conclusion
- 6 Flexo Markets
- 7 Pros
- 8 Cons
About Flexo Markets
Flexo claims to be a global and trusted Forex and CFD broker with offices across the world. They promise safety of funds, advanced tools, over 5 million clients and worldwide coverage.
Flexo Markets claims to have over 40 thousand trading assets available to trade. Minimum deposit required to start trading is $200 on their Flexo trading platform.
Flexomarketasia claims to be a multi award broker with over 10 years industry experience.
Should you trust FlexoMarketAsia?
Unfortunately, Flexo Markets is a fraudulent broker that will disappear with your money. It has the following drawbacks:
Low trust score
Flexo Markets claims to be a trusted global broker with offices in UK and across the world. But, it is not true.
Running a financial firm like Flexo Markets is an activity that requires a license in every country they want to have clients in. But the platform does not have any license, which makes it an illegal and untrustworthy trading site.
They provided an address in the UK but bears no licence from the British financial authority. Flexo Markets Ltd is supposed to be licensed by the UK Financial Conduct Authority (FCA) in order to legally conduct business in the British soil. This means that the broker’s investment offers in UK is completely illegal.
The broker is lying and breaking laws in atleast the United Kingdom. You have to stay away from them.
- Flexo Markets is unregulated as they should be regulated if they want to target customers on regulated markets like the European Union, including the UK.
- Unlicensed brokers like Flexo Markets do not have to report to a governing body. This means that if they scam you in any way, whether it be “glitches” or “malfunctions” causing server slippage in their system, or you go to make a withdrawal and they don’t process it (steal your money), you are out of luck. Beyond posting a bad review online, there is little you can do because these brokers have no legal authority to answer to.
- Bear in mind that unregulated brokers in general are completely uncountable for the way they handle your money, which makes any dealings with such entities extremely risky. Basically that is how people usually get scammed.
Is Flexo Markets Safe?
Flexo Markets is considered not safe, as it is not regulated and licensed by top-tier financial authorities, like the CySEC in Europe, UK FCA, the Australian ASIC, FSC in South Africa and the US CFTC.
The easiest way to check if a broker is licensed is by looking it up in the registry of the respective financial regulator – be it the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission, the Financial Sector Conduct Authority (FSCA). All of them keep such registers and they are publicly available.
Flexomarketasia is an unauthorized and illegal broker. Deposits with this broker are not protected, the company can’t legally offer its services in almost any country. It is a total scam.
How Flexomarketasia works?
It is risky trading with an unregulated broker like Flexo Markets, as most of them turn out to be scams. Problem starts immediately you make a deposit to a scam platform. They will use many tactics to make you deposit more.
Scammers will take deposits from you but never let you withdraw anything, because these brokers often present silly legal documents and conditions that is out of the question as far as legit brokers are concerned. But it will just be a lie to get more money from you.
Flexo Markets will request that you send them more money while declining all your efforts to withdraw your deposits.
At this point, most people will realize that they have fallen victim to a classical Forex trading scam.
Flexo Markets is not a legit company or trustworthy broker. It is a scam that does not have even the minimum requirement.
It is going to disappear and never process withdrawal for anybody deposited. That is why you should stay away from them.
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