Networkfsi Review: Find Out Why This Broker Is a Scam

As a forex trader, you must thoroughly evaluate every online financial trading company before depositing your money. A recommended course of action includes verifying the broker’s trading credentials and regulations, inspecting if there are official warnings against it, and assessing its trading conditions.

So, let’s start with a quick overview of the Networkfsi broker. First and foremost, Networkfsi is not licensed nor authorized to operate anywhere. Then, two major financial authorities, CNMV and CONSOB, put it on a warning list.

Without any further ado, let’s dive into this Networkfsi broker review, where we will shine light on this offshore investment scam.

Security and Compliance for Networkfsi

As introduced, Networkfsi doesn’t hold any broker’s license. Not only that it is an unauthorized business but is an exposed scam. All of this means that you can expect nothing but to be defrauded and lose your money to this unscrupulous broker. In addition, pay no attention to positive Networkfsi reviews on the web since they are fabricated to lure you into trading.

Networkfsi is an unlicensed and unregulated broker that is blacklisted by Spanish CNMV and Italian CONSOB. Other than that, it renders disadvantageous trading services based on deception. So, it’s best to stay away from them or other scam brokers alike.

Website’s Trading Platform Overview

When it comes to trading platforms, every trader knows that synonyms for the best and safe trading are MetaTrader 4, MetaTrader 5, cTrader, and Sirix, among others.

And in regards to the Networkfsi and their big promise of an amazing and innovative trading platform, they only offer a basic web trader.

Now, there is nothing wrong with a webtrader but it offers basic things and it doesn’t provide you with the best trading experience. Make sure to work with a broker that offers any of the industry standard trading platforms.

Account Types at Networkfsi

To start trading at Networkfsi, you must deposit a minimum of $250. When it is compared to the offer of legitimate brokers, it is several times higher. For instance, with some of the best brokerage companies, you can open a live trading account for as low as $5.

These are the account types Networkfsi offers:

• Green account- From $5,000
• Premium account- $25,000
• Platinum account- $50,000
• Executive account- $100,000
• Presidential account- $250,000

They allegedly also offer a demo account to potential clients to try out their services for 30 days. Unfortunately, we weren’t able to access and see how it works.

Deposit and Withdrawal for Networkfsi

This investment scam has actually taken a major step in trying to provide all the same deposit methods that regulated brokers offer. They offer account funding via the following methods:

• Visa or Master credit or debit card
• Wire transfer
• Skrill
• Neteller
• Fasa Pay

We really have to give it to them, they did manage to copy all the major deposit methods used by real brokers. The only thing they are missing is a regulation so be sure to stay away from them.

How Did This Brokerage Perpetrate Fraud?

People sometimes become careless and leave personal information on the internet, and once these investment scams get a hold of them the harassment will likely start.

You will soon be overwhelmed with an enormous number of calls and even emails just so you will at least make a minimum deposit to this fraudulent broker. Be prepared to hear many made-up stories so they would appear more legit in your eyes. And of course, the more you invest the more you will make.

Remember that the agents working are trained to be very persuasive and will do anything in their power to get you on board. That’s why it’s important to think twice before taking any risks while investing money and always read the reviews.

Networkfsi Summary

While we were conducting this Networkfsi review, we were not surprised they are just another offshore broker who is claiming to be something else. This fraudulent broker is not only missing a real regulation and license but they also have an official warning from CNMV and CONSOB.

Investing with Networkfsi is going to put both you and your funds at risk. Don’t fall victim to this illicit broker’s cheap tricks and always do the needed diligence and research the broker before investing your money. And always remember that getting your money back is possible and you should always think twice before investing your money anywhere.

FAQs About Networkfsi Broker