Financial Signal Review Is Financial-signal.com A Scam Broker

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Financial-Signal Review – is it scam or safe?

Financial-Signal is a forex and CFD broker that says to have offices in the Czech Republic, UK, Sweden and Australia. And they says to be “authorized to offer trading of Contracts of Difference (Cfd) on crypto currencies, commodities, stocks, currencies and indices”.

Account type Min. deposit Max. leverage Spread s
Standard Account $500 1:200 n/a
Bronze Account $2500 1:200 n/a
Silver Account $10 000 1:200 n/a
Gold Account $25 000 1:200 n/a
VIP Account $100 000 1:200 n/a

When we investigated their regulatory status however, it turned out they have no license whatsoever and what is worse, they have already been blacklisted by the regulatory authorities in the Czech Republic. Here are some details.

Financial-Signal Advantages:

45 currency pairs and nearly 200 crypto coins

The selection of trading instruments offered by Financial-Signal is comprehensive – 45 forex pairs, some of which exotic or minor like USDRUB, USDSGD, USDTRY, USDPLN, USDNOK, USDMXN, USDHUF, USDHKD, USDZAR, USDDKK and USDSEK, as well as a number of CFDs on stocks, gold, silver, oil, 8 indices and nearly 200 crypto coins among which Bitcoin, Ethereum, Litecoin, Dash and Ripple. Our advise however is better to trade bitcoin CFDs with a regulated broker. Here is our list:

Falsely claims to be regulated, blacklisted by CNB

As we noted Financial-Signal claims to have offices all over Europe and even in Australia. In their presentation however we are given just one address – in Praha, the Czech Republic, so probably this is where the broker is supposed to be headquartered.

Bear in mind that all brokers operating in the Czech Republic should be regulated by the local Czech National Bank (CNB) or by another official regulator in the European Union such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC), but even so they still will have to be registered with CNB.

So we diligently checked the CNB registers, but were unable to find neither Financial-Signal nor BFXNA Inc. or BFXWW Inc. – the two companies that are said to operate the broker – there.

What is worse, as it turned out CNB has blacklisted Financial-Signal as a potential scam broker and this is yet another reason to avoid such virtually anonymous, unregulated websites like them.

So once again here we will repeat our usual advise to trade only with properly regulated brokers, licensed and authorized by well known financial institutions like the FCA in the UK, CySEC in Cyprus or way not the Australian Securities and Investments Commission (ASIC) – all of which will guarantee the safety of your funds.

And besides, if you chose to trade with a FCA broker you will even get a trading insurance of up to 85 000 GBP, which will be payed back to you in the event you broker files for bankruptcy. So here you may also check our list of brokers regulated in the UK:

Depending on your account type Financial-Signal says to be offering a trading bonuses of between 30% and 150%, but you should not be carried away by such promotions. In fact the practice of offering trading bonuses is highly controversial as too often bonuses are used by scammers as a pretext to cancel your withdraw requests.

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Whenever you see a trading bonus you should know that there are strings attached. So we were not surprised when trading bonus were banned on many regulated markets like for example the European Union, including UK, and Australia.

MetaTrader4 not supported

The online trading platform offered by Financial-Signal can not be compared to market leaders like the MetaTrader4.

MT4 has over 50 in build market indicators and trading robots, known as Expert Advisros, with the help of which one can easily run automated trading sessions. And the platform is equipped with an excellent set of advanced charting tools. So here you may also check our list of brokers, offering their clients MetaTrader4:

Financial-Signal has been blacklisted by the regulatory authorities in the Czech republic for targeting EU customers without proper authorization. So most probably here we are dealing with a scam broker, which we strongly advise you to avoid.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Financial Signal Review: Is Financial-signal.com A Scam Broker?

Financial-signal.com Review: this is the name of a Forex and CFD broker that claims to be located in Czech. Is Financial-Signal a legit Forex broker or scam?

The website of the broker claims that there are millions waiting for new traders on the platform. They mention that they make use of a Q-nix method. However, since the broker claims to have an office in the UK, we checked the UK list of regulated brokers. We do not find them there.

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It also falsely claims to be regulated in Czech but a search for Financial-Signal with Czech authorities resulted in a negative news. The broker had been blacklisted by the financial commission there.

They promise traders a personal bookkeeper for assistance on strategies. We also find that they claim to have clients, identities secured. Trading solutions along with charting tools are also proffered for traders’ benefit.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Financial-Signal Trading Platform

The trading platform operated on by the Financial-Signal software is not mentioned.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are Forex currencies, CFD assets and cryptocurrencies. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages offered is 1:200 and while this may be generous, it can pose danger as well. High leverages can lead to huge loss of funds as well. Spreads are not also stipulated despite the mention of multiple accounts.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Financial-Signal

The means of making payments and withdrawals are only Visa and MasterCard. We find that of e-Wallets are likely to be missing, which is discouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is $500 which is not within the obtainable average of $100 – $250 among brokers. Withdrawal charges are not stated for this broker. Sometimes it is better to mention if they apply or not. We do not even find any terms and conditions; this is a shady thing. Traders are expected to sign up for something with unclear conditions.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

We find the presence of trading bonuses a disadvantage. Scam Forex brokers use this tactic to attach impossible withdrawal conditions to the account of clients.

Is Financial-Signal Licensed?

No. Financial-Signal is not a licensed company and has no registration worth anything with the CNB. It is unwise to trade with unlicensed brokers because they do not have any obligation to be fair to their clients. Misappropriated funds may prove difficult to be recovered.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with the customer service team, call the following numbers: +420234290674 (UK), +442038079219 (UK), +46812112938 (Sweden) or +61290539531 (Australia). Send an email as well to [email protected]

Conclusion

The forex broker is not a legit one as it does not hold a license. Its minimum deposit is high and not competitive enough. We find no information spread offered. Payment methods are limited and this is a discouraging find. Trading bonuses are also offered.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Financial Signal Review: Is Financial-signal.com A Scam Broker?

After doing some research, we found out that a lot of traders are reporting Financial-Signal and writting bad reviews about it.
It seems like they are not happy about it and they warn others not to trade with them.

It’s always important to know what other traders are thiking about a broker before using it and we can say that they are not saying good things about Financial-Signal.

What do regulators say about Financial-Signal ?

This is the most important thing you need to know about a broker before using it. Is Financial-Signal regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complaint about it unless they are licensed by a serious regulator such as the CySEC (Cyprus Securities and Exchange Commission).

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

Financial-Signal is an unregulated broker owned by Signal Invention s.r.o.

They can be contacted by phone at this number : +420234290674 / +442038079219 / +442039660333 / +41435082223 or you can send an email to [email protected]

You should definitely avoid any unregulated or offshore broker and Financial-Signal is one of them.

Have you been Scammed by Financial-Signal ?

Have you been victim of this company ? Did you lose money with them ? Everyone does mistakes. Don’t worry, you are not alone, and we are here to help you.

Our team of experts is available 24/7 in order to help you recovering your hard-earned money.
After asking you some questions, they will be able to build a chargeback case to fight the broker and get your money back as soon as possible.

Chargeback is the solution

As we said before, the good news is that there is a solution and it’s called a Chargeback.
But what is a Chargeback ?
A Chargeback is the retroactive cancellation and refund of a charge made using your credit card.

Not a lot of people know that, but there is a high probability of getting your money back when you build a Chargeback case as long as it is built correctly from the beginning to the end.

Using a chargeback service like MyChargeBack may be the only way to build a correct Chargeback case in order to get your money back as fast as possible.

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