Flowtradey Review
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An online trading broker called Flowtradey makes the claim that it offers traders financial services. There are several indicators that the platform may not be as reliable as it seems. In this Flowtradey Review, we will therefore check the broker’s credibility, and security and evaluate the possible risks for traders.
Lack of Transparency
The primary concern with the Flowtradey platform is that it lacks transparency. The owner’s identity has been concealed using a paid WHOIS protection service. Although valid companies may have WHOIS privacy for safety reasons, many fraud platforms have it. It provokes serious doubts about the legitimacy of Flowtradey.
Website Issues
Another alarming factor is that the official website, https://flowtradey.pro, is not functional. A non-working website suggests that the broker may no longer be operational or is avoiding scrutiny. Additionally, Flowtradey’s website has very few visitors, indicating that it has not gained much trust or recognition in the trading community.
Regulatory Warnings
Two prominent financial authorities, CONSOB in Italy and CNMV in Spain have flagged Flowtradey as a concerning entity. The warnings according to these regulatory authorities indicate that the broker is not conforming to some financial laws and may be involved in some fraudulent practices. Traders need to be extremely careful when handling those brokers Blacklisted by the regulatory authorities.
Newly Registered Domain
Another thing that raises suspicion is that Flowtradey’s domain was registered quite recently. Scammers often use new websites for a while and go off without being noticed. An established broker mostly has several years of history and a reputation among traders. The domain of Flowtradey has been registered quite recently, thus making it considerably suspicious.
Suspicious Registrar
This registrar is known for its links to numerous spammers and scam websites, further raising doubts about the platform’s authenticity. Most scam brokers using such registrars also take steps to avoid being traceable and held accountable.
Final Thoughts
Based on our Flowtradey Review, it is clear that this broker has many warning signs. Flowtradey is full of the warning signs of a scam from the hidden owner and a dead website to regulatory warnings and a newly registered domain. It is advisable not to trade on this platform and go for a good-regulated, legitimate broker to invest in.
If ever contemplating online trading, research thoroughly; verify the approvals, and avoid dealers such as Flowtradey whose backgrounds were questionable. Financial security must always be your priority.
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