FiatVisions Review – Facts That Raise Suspicion
FiatVisions broker is one freshman in the business. With an offshore headquarters in Mauritius, you can already have some doubts. However, the owner company Green Point Technology Ltd has a valid trading license.
But if this makes this broker trusted and reliable, find it in our latest FiatVisions review.
|Execution Type||Market, Instant, Pending|
|Trading Platforms(s)||Proprietary web trader|
|US Clients Accepted?||US Traders are not accepted|
|Islamic Account||Not available|
|Customer Support||Phone, e-mail, live chat|
|Demo Account||Not available|
FiatVisions Regulation and Security of Funds
Security of funds is the highest priority for every trader nowadays. Especially knowing that there are many suspicious brokers around. Therefore, we are first taking a look at the FSC Mauritius registers. Indeed, the FiatVisions broker is on their list. Which makes it a bit more trusted.
But let’s check Tier 1 regulators. Since offshore ones are known as not so reliable. And voila. Upon checking the register of some most trusted regulators we found irregularities. In fact, we looked at FCA, BaFin, and ASIC. Generally speaking, none of them ever issued a license to this company. But FCA did issue a warning. Which led us to consecutive warnings from multiple regulators.
The same steps as FCA did Dutch AMF, Canadian CSA, and AMF. But also ASC. Here’s the FCA’s official statement:
Before you continue reading this article, it’s worth checking similar scam brokers. At least to find some other major red flags to check. Therefore, read our Finereo broker review.
FiatVisions Supported Trading Platform
Important to realize is that the broker doesn’t allow visitors to check the platform. They advertise proprietary trading software. Allegedly available on all hardware. However, to get access to it or to download it you must register first.
With confirmation that FiatVisions is an investment scam, we wouldn’t risk anything. According to some other FiatVisions broker reviews platform is nothing spectacular. The company claims it’s a next-level platform. However, some advanced features like social or copy trading are missing. Even though they advertise signals, they don’t have automated trading available.
This all combined puts it way behind third-party software like Meta Trader. Even cTrader is way better than this platform. Not only that it’s more reliable, but also has vast options for pro traders. But most importantly, both platforms are completely transparent.
FiatVisions Account Types Offered
Scam brokers tend to give certain benefits in exchange for higher deposits. However, the money traders deposit goes straight into scammers’ pockets. Important to mention is that this broker requires a minimum deposit of $5.000. If you are wondering based on what, we don’t know either. Neither do they have any Tier 1 regulation or segregated bank account for deposits.
Anyway, you can choose between 5 options:
- Beginners $5.000
- Basic $25.000
- Silver $100.000
- Gold $250.000
- VIP $1M
There are literally no technical benefits to depositing a bigger amount. The only benefit traders are getting is regarding education and professional support. Fees, spreads and commission is nowhere to be seen. That makes you wonder if there is something shady behind the scenes. There is, always.
As a regulated broker, they must provide transparent information. But here, that’s not the case. Instead of risking $5.000, you can check some other regulated brokers with a way lower minimum. Moreover, many of them have micro accounts, but also transparent demo accounts.
Deposit and Withdrawal Options
Deposits and withdrawals with this broker are shady at best. Primarily they don’t discover transparent what are funding options. Somewhere in legal documents, we dug out the information. In general, the broker accepts:
- Wire transfers
- Card transfers
- Alternative payment methods
Thus, which methods they think of it’s not disclosed. But with scam brokers like FiatVisions, you can expect anonymous methods. Such as crypto transfers. After all, they can even use some e-payment options that don’t have chargebacks.
What raises suspicion, even more, is their withdrawal policy. Processing time is up to 7 days. Allegedly there are no fees. But some FiatVisions reviews say the opposite.
In general, this is where regulation should mean protection. You can already see some irregularities. Therefore, you should feel free to file a complaint. However, regulators approach in a different way to the problem.
How the Fraud Is Conducted
Offshore brokers often offer unrealistic investment opportunities. With minimized risk of course. However, upon making the first deposit they have only one goal. To get more money from you. Because if you deposit once, why wouldn’t you do it again?
Therefore, you can expect additional bonuses or promo offers just to get more money from you. Believe it or not, calls will never stop. Before they know that they squeezed everything out of you. If you are lucky enough to see some profits, that might be manipulation. But once you want to withdraw the profits you can see the reality.
Not only that you will face difficulties, but it can even happen that your account gets frozen. Therefore, you must be extremely careful with whom you are trading. Important to know is that you have someone to reach out of this broker stole money from you. Our expert fund recovery team is waiting for you. Book your first free consultation already today!
- Offshore broker with weak regulation.
- Multiple warnings against the company.
- FiatVisions broker limits access to the platform.
- Non-transparent trading conditions.
- Suspicious funding methods.
FAQs About FiatVisions Broker
What Methods Can I Use to Deposit Funds?
Funding methods available are wire transfers, card transfers, and other unknown alternative methods.
What is The Funding Method at FiatVisions?
The funding method available is with card, wire transfer and unknown other options.
What Trading Instruments are Available at FiatVisions?
Trading instruments that this broker offers are: Forex, Commodities, Indices, Shares, and Crypto.