Think of trading with flourisiltd.com platform? Really want to find more details before choosing the broker? You can carefully read the Flourisi Group Limited reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is Flourisi Group Limited?
Flourisi Group Limited FX otherwise known as flourisiltd.com is an offshore brokerage with a lot of promises for forex traders. The forex company does provide any registered address, phone number and corporate background.
What is more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Flourisi Group Limited Minimum Deposit
Flourisi Group Limited doesn’t mention anything about the payment methods it accepts.
Just to put a comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, we do not find any information on the Flourisi Group Limited platform regarding available payment methods and transaction fees.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Withdrawal process:
Flourisi Group Limited withdrawal says nothing on specific information regarding withdrawal fee and processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
Flourisi Group Limited Platform
Flourisi Group Limited claims to offer the industry standard MetaTrader 4. Regrettably, we made an attempt to download the software and it turned out that the link is highly insecure. Our device did not recommend installing it.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Nothing is said on Flourisi Group Limited leverage. Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Some Findings about Flourisiltd.com Broker Regulation
First of, Flourisi Group Limited is more or less anonymous. A big claim! The broker claims to be based in Australia, but nothing more is specified, which is rather suspicious. We searched the registers of Australian Securities and Investments Commission (ASIC), but no data was to be found about Flourisi Group Limited.
As though it was not enough, Flourisi Group claims to be “licensed and regulated by the United States Financial Transactions, United States (NFA)”. After we checked, it turned out that there is an official warning stating that Flourisi Group Limited is not an NFA member and is not subject to NFA oversight.
Flourisi Group claims to offer four account types and displays a chart with some further data about them. Going through the chart, we found a bunch of unnecessary information for every trader like spread and minimum deposit requirement.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? 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, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Flourisi Group Limited Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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
Bottom Line
Flourisi Group Limited FX located at Flourisiltd.com claims to appear like a trustworthy trading broker, however, you should not take the words they say. By all appearances, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Was the post helpful? Please share with us your experience in the comment section below.
Heard of Forexstar ,Betail-capital, Forextimeprime brokers? Read Details
