Is FalasonMarket.com Legit or A Scam Broker?

There are several reasons to be cautious about FalasonMarket, and it raises many red flags commonly associated with scam brokers. Here are some of the concerning signs:

• Negative online reviews: FalasonMarket has a history of negative customer reviews across various platforms. These reviews mention issues like non-delivery of goods, receiving counterfeit or low-quality products, and difficulties obtaining refunds or resolving disputes.
• New domain: A red flag for online businesses is a very recent domain registration. FalasonMarket’s domain was created in January 2024, raising questions about its legitimacy and track record.
• Suspicious phone number: The listed phone number for FalasonMarket has an Australian country code (+61) despite being registered in St. Vincent and the Grenadines. This inconsistency makes it difficult to verify the company’s location and legitimacy.
• Lack of transparency: FalasonMarket’s website offers little information about the company’s background, ownership, or regulatory oversight. This lack of transparency is a major concern for potential customers.

If you suspect you’ve been scammed by an online broker, there are resources available to help. Broker Complaint Alert ([Broker Complaint Alert website]) is a non-profit organization that provides free consultation and can recommend recovery services.

What is FalasonMarket.com?

FalasonMarket presents itself as an online marketplace. However, based on online reviews and the warning signs mentioned earlier, it appears FalasonMarket’s practices may be more akin to a scam broker than a legitimate marketplace.

FalasonMarket.com Details

Deposits and Withdrawals

There is limited information available about FalasonMarket’s deposit and withdrawal methods. This lack of transparency is another red flag, as reputable brokers clearly outline their supported payment options and any associated fees.

If you have lost money to companies like Emirex-e; or DeversiFi; please report it to us on our Report a Scam form.

Account Types

FalasonMarket doesn’t disclose any details about account types or features on its website. This is a significant omission, as legitimate brokers offer various account options to suit different trading styles and experience levels.

Red Flags and Warning Signs

Here’s a summary of the red flags associated with FalasonMarket:

• Negative customer reviews highlighting non-delivery, low-quality goods, and refund issues.
• Very recent domain registration (January 2024).
• Inconsistent phone number (Australian country code for a company registered elsewhere).
• Lack of transparency regarding company background, ownership, and regulation.
• Unclear information on deposits, withdrawals, and account types.

Considering these red flags, it’s strongly recommended to avoid FalasonMarket and look for reputable brokers with established track records and user-friendly platforms.

Customer Complaints and Negative Reviews Online

A quick search online reveals concerning customer experiences with FalasonMarket. Reviews on platforms like Reddit’s Broker Complaint Alert subreddit mention issues like:

• Ordered products never arrived.
• Receiving poor-quality or counterfeit items instead of what was advertised.
• Difficulty contacting customer support to resolve problems.
• Challenges in obtaining refunds or resolving disputes.

These negative experiences raise serious doubts about FalasonMarket’s legitimacy and its commitment to customer satisfaction.

FalasonMarket.com Alternative Brokers

There are numerous reputable and established online brokers available. Look for brokers with a long history, positive customer reviews, clear regulations, and robust security measures. Consider factors like the variety of tradable assets, platform features, fees, and customer support options when choosing a broker.

Got Scammed by FalasonMarket.com? We Help Victims!

If you’ve had a negative experience with FalasonMarket and suspect you’ve been scammed, don’t hesitate to seek help. Broker Complaint Alert ([Broker Complaint Alert website]) offers free consultations and can recommend recovery service providers. They can guide you through the process of reporting the scam and potentially recovering your losses or You Can report to us today using the form below.

Remember, conducting thorough research before investing with any online broker is crucial. By being aware of the red flags and utilizing resources like Broker Complaint Alert, you can protect yourself from potential scams and ensure a safe and secure trading experience.