Is Fred Trading Legit or a Scam?
No, Fred Trading is not legit. The person Fred claims he is a qualified personal finance adviser with a good finance degree from a good university, but we did not get the name of that university or degree even though he does not show his license or registration as a personal financial adviser.
The Fred Trading scam poses a continuously increasing risk, prompting us to caution our loyal audience. Gaining popularity on the internet, this uninformed and arrogant imposter, posing as a financial advisor, seeks to profit by luring followers into investment pitfalls.
This Fred Trading scam broker review delves into his tactics, unraveling the secret behind how he persuades people to subscribe to his fraudulent service.
What is Fred Trading?
Frederik Frost, sometimes known as Fred Frost, is a purportedly youthful Danish entrepreneur who poses as an experienced Forex trader and informed financial advisor. The way he utilizes people’s good intentions and enthusiasm to trick them with false information is, at the very least, illegal regardless of his true identity or name.
Fred Trading has defrauded people in the United Kingdom, Denmark, the Netherlands, Australia, and Canada via deceptive techniques.
He does not provide any personal trading platform or assets. His earnings source is actually from several affiliate platforms where he diverts his followers to invest.
Fred Trading Details
| Regulated by | None |
| Is This Company Safe? | No. It has no legitimate information. |
| Known Websites: | fred-frost.com |
| Have Warnings from: | N/A |
| Registered in: | N/A |
| Operating since: | 2022 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | No |
| Trading Assets: | Forex |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Since its inception, we have not found any withdrawal or true profit history. If you want to withdraw from this company and face any issues, you can contact us for professional solutions and guidance. |
Deposits and Withdrawals
As he is a personal financial adviser, he did not directly take any deposit from his investors. He guides them to invest in other platforms. In reality, there is no minimum deposit or withdrawal amount for his website.
Account Types
As he does not offer any direct platform for trading, you cannot find any account option to start with. You can take his guidance, tips, and suggested platforms to open a trading account.
Red Flags and Warning Signs
The main red flag is that this company does not hold any regulation or license from any authority. There is nothing to show to prove that Fred Trading is safe.
Fintech Media Advertising SA, a Romanian corporation, is purportedly the owner and operator of the website. This company is an advertising firm; financial services are not its business. And why would the company decide to operate in a less restrictive EU nation if it is so legitimate?
The homepage’s bottom lists FFINVEST LLC as an additional business. There is no information available about this entity, making it essentially anonymous. To put it mildly, the schemers behind this endeavor are a group of incognito crooks.
Customer Complaints and Negative Reviews
You may find many clients’ positive reviews on his website. But, not everything you see is true. Here are some glimpses of the Fred Trading Trustpilot reviews about this platform.
Fred Trading Alternative Brokers
If you have some money and you want to invest in forex or any other online financial investment platform, you have plenty of legitimate options to engage with. After reviewing this shady financial adviser, we are now suggesting you check the below alternatives of Fred Trading.
- IGM– Best for forex trading
- eToro– Best for crypto trading
- True Forex Funds– Best for Prop Trading
Got Scammed by Fred Trading? We Help Victims!
Seems like it’s become common for people to want to become internet celebrities and social media influencers.
This gentleman has undoubtedly fulfilled his life’s ambition, as evidenced by the lavish items he displays in one upscale setting after another. Social networks give different criminals the ability to connect with a wide audience and trick them into falling into a trap from which it is hard to escape.
Please do not hesitate to get in touch with our legal professionals if you have been scammed by him or any other platform. Fill out the form and we will reach you with some professional guidance. If you have lost funds with him, we will refer you to some good recovery services to help you in recovering the funds.
