Think of trading with Freedstock.com platform? Is this broker a reliable broker to trust? You seem to be uncertain about the broker let’s read FreedStock 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.
About FreedStock FX
FreedStock FX otherwise known as Freedstock.com is an offshore brokerage with a lot of promises for forex traders. The forex company is based in London.
The broker offers different account types such as —
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
FreedStock Minimum Deposit
FreedStock deposit is indicated $250 according to the account type. In 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, Freed stock does not provide information on available payment methods and transaction fees. The deposit menu is not available if the account is not approved.
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:
FreedStock withdrawal may take between 2 to 5 business days on any withdrawal request. The broker says “withdrawals are only available to clients who have uploaded their identification documents and approved their trading accounts”.
FreedStock Platform:
Freed Stock FX claims to offer both MT 4 and its web trader. Unfortunately, after registering an account we did not get access to any trading software. The link to the supposed web-based trading platform on the Freed stock dashboard is not active.
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.
FreedStock FX leverage can get up to 1:400. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
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
What We Discovered about Freedstock.com Broker
First of, FreedStock presented its contact address in London. Every broker claiming a registered address in the UK should have the regulation and license of the UK Financial Conduct Authority (FCA). A check of the UK’s Financial Conduct Authority (FCA) database confirms that there is no licensed broker using the Freedstock trade name and domain.
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.
Freedstock 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
Concluding Thoughts:
FreedStock FX located at Freedstock.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 unlicensed forex 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.
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