Fivoro.com is an online trading platform that claims to offer its clients access to a wide range of financial instruments, including forex, stocks, commodities, and indices. However, the website has come under scrutiny from traders who have questioned its legitimacy and accused it of being a scam. In this article, we will review the allegations of Fivoro.com being a scam and examine the reasons why traders are skeptical about this platform.
Is Fivoro.com a Licensed Broker?
First of all, you cannot get any information from their website now. When you go to their URL you will an error page showing like the below:
We then searched with the regulatory organization, and we found this- a warning from FCA saying they are doing the suspicious activity:
Why Should You Trust an Unlicensed Broker?Unlicensed brokers like Fivoro.com have no accountability to any regulatory body, making it easier for them to engage in fraudulent activities. Additionally, unlicensed brokers do not have to comply with strict regulations, making it easier for them to offer attractive bonuses and promotions that may seem too good to be true.
Can Fivoro.com Be Trusted?After seeing all the evidence of being a scam broker, it is clear that they cannot be trusted. Their unlicensed status, warning from FCA, and lack of information makes them untrustworthy.
What Do Traders Think About Fivoro.com?Traders who have used Fivoro.com have expressed mixed opinions about the platform. Some traders claim that the platform is easy to use and that they have been able to make substantial profits. However, many others have complained that the platform is a scam and that they have lost their money due to the platform’s fraudulent activities.
Scammed By Fivoro.com- Talk To Our Experts:If you believe that you have been scammed by Fivoro.com, contact us today. We will provide you with a free consultation and service recommendations to retrieve your lost money.
If you have lost money to companies like ozmio, fx star, or star crypto, please report it today by bellow form.