Fiat Visions Broker Review, who is he?Paul Roberts 30 / March / 22 Visitors: 788
Online broker FiatVisions, which operates in the UK, is considered a fraudster with a bad reputation.
When we go to the official FiatVisions website - fiatvisions.com , then we read that this organization provides brokerage services for operations on the Forex market in the UK. FiatVisions also offers software for trading operations.
Our specialists analyzed the FiatVisions website, got acquainted with the conditions of actions, tried to get at least test access to the programs, investigated the existence of papers, the place of residence of the company.
With the help of the information we have received, we will find out: is FiatVisions a scam or not?
In addition, we will explain to you how not to fall for the crooks' hook, about their ways of acting. We will tell you the necessary information in order to keep your money safe.
FiatVisions is located in an offshore zone
The first call saying that fiatvisions.com these are bandits – the country of registration. The company is documented in the Republic of the Marshall Islands, which is already suspicious, since FiatVisions operates in the UK. Offshore countries attract the attention of criminals due to the lack of need to comply with the law and control.
In addition, this state does not have the authority to operate in the Forex financial market.
Moreover, when we tried to find the address, references to the owners and directors of FiatVisions, we could not find anything.
This suggests that FiatVisions is a fake online broker, working with which can result in serious monetary losses.
No information found about the FiatVisions manual
After examining the site, we were unable to identify plausible information about the company's management fiatvisions.com . No physical or legal address, no telephone number or other ways to get in touch.
Basically, this means that the current directors are trying to hide their identities in order to avoid responsibility for crimes. Even if it is possible to find someone from the managers of FiatVisions, then everything will end with this, and the real organizers of the fraudulent organization will remain at large.
FiatVisions, the official website - FiatVisions, has been working for less than thirty days
The FiatVisions website tells about significant experience in the Forex market.
The main method of checking a site is to obtain data about its domain. Basically, they record the period of operation of the domain name, the contact information of its owner.
In our case, the domain name fiatvisions.com it is valid for less than one month, and all data about the legal entity or individual who owns it is hidden. Another evidence that the management of FiatVisions is trying to preserve incognito.
Such a desire can be accepted, but not in cases where we are talking about a company acting as an intermediary between the client and Forex.
In addition to this, you yourself fiatvisions.com they assure their users that they have been working effectively on Forex for many years.
Fiatvisions.com there is no test period
For online brokers, it is a common practice to give traders a demo version of the software so that they can get acquainted with the interface, try their hand at trading on the Forex financial market with fake money.
Unfortunately, on the official website fiatvisions.com , we could not find information about the test period, the ability to test the software.
We assume that the management of the firm FiatVisions, simply does not plan to provide traders with demo access to the paid service, because someone is able to suspect something is wrong.
Online Broker fiatvisions.com conducts activities with a negative balance
Registered companies that operate in the Forex financial market do not apply a negative balance in their work. In accordance with the laws, the user of the online broker is not able to spend more now is in his account. In those rare situations when the balance goes into negative, it is not the user who is obliged to repay the debt, but the organization that offered the services.
Therefore, legal online brokers do not use a negative account in their work.
However, FiatVisions gives its traders Forex operations with a negative balance, that is, in debt.
Why is this necessary?
To drive a trader into a loan and start extorting debt. This is one of the most common methods of fraud used by criminals.
If this happens, you need to know that fraudsters have no way to recover finances in accordance with the laws of the UK. All methods of pressure on you are criminal. The most that criminals are able to do is to call, send messages with demands.
You cannot work with FiatVisions, because attempts to negotiate will turn into losses.
FiatVisions work with a credit ratio of one to four hundred or more
Already now, it is clear that FiatVisions are scammers. Nevertheless, we will point out one more nuance, namely the existence of too high leverage.
The credit ratio is the ratio of funds of users and Internet brokers when making a transaction. The leverage allows traders who do not have access to large amounts of money to make significant trading transactions.
In order to protect users of the Forex market, in civilized countries, the current laws provide for the use of leverage with a maximum ratio of one to 30, in rare cases 50.
At the same time, FiatVisions uses a credit ratio of 1 to four hundred for operations on the Forex financial market.
This ratio is allowed in Switzerland, as firms registered in this country enjoy high confidence. However, FiatVisions is not registered in this state.
In fact, FiatVisions cannot operate in the Forex market with such a credit ratio, due to the high risk for users. So, this is used to force the client not only to give as much personal money as possible, but also to drive into loans.
Local divisions of FiatVisions
It is considered important for every financial company to have local divisions in developed regions, even if the activity is conducted only in the UK. So FiatVisions informs that in addition to an impressive number of awards, they have regional offices in England, Australia and other civilized countries, and in addition about a lot of experienced employees.
It is very easy to check the reality of these branches. Since there are specialized structures that monitor the activities of online brokers. In Britain it is FCA, in Australia it is ASIC.
Because of this, a law-abiding firm must have authorization papers from these or other organizations that will confirm their authorized right to provide services for trading on the Forex financial market, determine the level of responsibility.
However, after studying the specialized official websites, our experts did not find them. Which once again confirms the fears.
For registration on fiatvisions.com we need to transfer confidential data
As we reported earlier, FiatVisions does not have a trial period and because of this, in order to gain access, you must immediately pay the minimum payment to the FiatVisions scammers. In addition, access to your personal account fiatvisions.com, really only upon successful completion of identity verification.
This means that FiatVisions requires its customers to transfer such data as:
- Data on an individual (passport, driver's license, etc.);
- Data on permanent residence (receipt for communal services);
- Information about the place of work, qualifications, experience.
In addition, at the first payment, bandits can get access to bank card data.
Together, this information can allow scammers to hang a loan on a gullible trader, or carry out other illegal operations.
Since for registration on the website fiatvisions.com , you need to transfer your confidential data, our experts have not received access to the FiatVisions personal account as well as applications for transactions on the Forex market.
Real reviews about FiatVisions
An extremely important stage in exposing FiatVisions is the analysis of customer reviews.
The analysis of the search results in search engines allowed us to obtain the following information:
- The main part of the mentions and reviews of FiatVisions on the web is false. These are template positive reviews and comments of a custom nature;
- All true mentions of FiatVisions are negative. We have not been able to identify plausible reviews and comments from customers fiatvisions.com, which report a good profit, successful trading.
- Bad reviews and mentions are caused by illegal actions, theft of deposits, creation of debt.
Therefore, real reviews about FiatVisions indicate that the Internet broker in question is a scam artist.
FiatVisions Contact Information and Documents
Having studied the information on fiatvisions.com our experts have found a lot of dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official companies, which means they cannot be trusted.
If an online broker is not affiliated with regulatory firms, then its clients simply have nowhere to turn for help.
On the "Contacts" page, our experts identified a phone number. It turned out that it had already been used by an illegal Internet broker. There are also many reviews on the web about fraudulent activities related to the phone number indicated on fiatvisions.com .
Withdrawal of money from fiatvisions.com
Are you going to make money with the help of an online Forex financial broker? Make sure that investments can be taken away from him.
After analyzing the user agreement on the FiatVisions website, our experts did not find any available information about withdrawal methods. At the same time, our employees found a mention of punishments for prolonged account inactivity, while they did not find information about the size. Since the bandits do not work in the official field, it is impossible to cancel these levies.
Therefore, if a trader has finished working with FiatVisions, they may start to alarm with calls and write messages demanding to pay a fine.
How does FiatVisions work?
The method of searching for new users, which uses FiatVisions, also raises suspicions.
Fake accounts on social networks are used for promotion, in which fake bloggers spread information about how they instantly managed to make a profit by working on the Forex financial market through FiatVisions. Non-existent people put on display expensive cars and real estate, holidays at resorts, as well as other indicators of a rich life.
Non-existent people guarantee instant earnings, for which it is not necessary to study or make a lot of effort.
When a trader gets in touch with scammers, FiatVisions employees confirm the possibility of instant earnings, and in addition about some unique features of their software that allow you to quickly get serious income.
Next, all sorts of tricks are used to make it possible to get as much money from the user as possible. For example, a user can draw a small profit in order to provoke him to invest even more money.
If Forex trading becomes unprofitable, the manager will recommend investing more in order to compensate for the debt.
Managers of FiatVisions, operate according to algorithms that were developed by professional scammers. Scammers study information about the client in order to influence vulnerabilities, get even more money.
In any case, everything will lead to one of two ends:
- If you want to get money before you find yourself in debt, you will be fined, the account will be closed, and everything will be done to force you to transfer more;
- When you allow the bandits to drive the account into the negative, threats will begin, criminals will demand to repay a nonexistent debt.
Another way to make a profit for FiatVisions is to transfer your confidential information to third-party companies. We assume that, after that, it will be possible to get information about you for a small amount on some anonymous service on the shadow Internet.
Most likely, after that, various scammers, sellers, etc. will start spamming you. You should also wait for calls from colleagues fiatvisions.com which will offer to "receive" the lost finances, of course, for payment.
Since FiatVisions does not operate in a legal field and protects incognito, then fiatvisions.com it will not be possible to force to answer according to the current legislation in the UK. The bosses of the fraudulent company diligently disguise themselves and in the best case, police officers will be able to catch one of the "employees".
Can I trust FiatVisions?
If you plan to transfer money to scammers, then it's better to give it to charity.
We will briefly announce the evidence that indicates that FiatVisions are criminals:
- Lack of official registration;
- No trial period;
- Lack of data on the owners of the organization;
- Phone number identified in criminal schemes;
- Negative balance;
- Leverage of more than 1 in fifty;
- Bad reviews;
- False data on the website.
A detailed review of FiatVisions is finished. It is clear that FiatVisions are scammers.
Paul Roberts 51 years old Born in Edinburgh. Married. Studied at University of Oxford, Department of Public Policy and Social Work. Graduated in 1997. Works at Standard Life Aberdeen plc.