While Affluence FX presents itself as a reputable online investment platform, several factors expose its deceptive nature:
- Unregulated Broker: A crucial element of any trustworthy broker is regulation by a top-tier financial authority. This broker lacks such regulation and has even landed on the Financial Conduct Authority’s (FCA) warning list. This signifies a high risk of fraud and a complete lack of oversight for investor protection.
- Unsubstantiated Profit Claims: It promises astronomical profits with minimal effort, often citing figures like “tens of thousands of dollars monthly” and “98% win rate.” These unrealistic claims are a classic hallmark of scam brokers. Legitimate brokers understand the inherent risks involved in financial markets and wouldn’t make such exaggerated guarantees.
- No Chargeback Protection: In the unfortunate event that this broker goes bankrupt or disappears with your funds, you’ll be left empty-handed. The company isn’t registered with the Financial Services Compensation Scheme (FSCS), a safety net that protects investors’ funds up to a certain limit in case a broker collapses. Similarly, you won’t be able to seek assistance from the Financial Ombudsman Service if you encounter problems with Affluence FX.
These factors, combined with the lack of transparency surrounding the company, paint a clear picture: Affluence FX is a scam broker.
What is Affluencefxl.com?
Affluence FX portrays itself as a high-end online investment platform offering forex trading and cryptocurrency investment opportunities. They claim to have advanced algorithms and expert brokers to maximize your profits, even with minimal effort on your part. However, a closer look reveals a deceptive facade designed to lure unsuspecting investors.
Affluencefxl.com Details
|
Feature |
Details |
|
Headquarters |
United Kingdom (Unverified) |
|
Company Name |
Affluence FX LTD |
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Company Address |
Unit 3a, Chestnut House, Farm Close, Shenley, Radlett, UNITED KINGDOM (Unverified) |
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Website |
https://www.affluencefxl.com/ |
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Contact |
support@affluencefxl.com |
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Regulatory Status |
Not Regulated |
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License |
No License |
Red Flags and Warning Signs
Beyond the lack of regulation and unrealistic profit claims, several other red flags scream “stay away” from Affluence FX:
- Unprofessional Website: Their website is poorly designed and lacks crucial information about the company’s background, team, and trading conditions. This lack of transparency is a telltale sign of a scam broker.
- Hidden Fees: Many scam brokers lure investors in with low initial deposits but then hit them with exorbitant hidden fees when they try to withdraw their funds. Be wary if this broker doesn’t clearly outline all potential fees associated with deposits, withdrawals, and trading activities.
- Aggressive Sales Tactics: If you encounter high-pressure sales tactics from Affluence FX representatives trying to rush you into opening an account, it’s a major red flag. Legitimate brokers understand the importance of informed decisions and won’t pressure you into investing.
If you have lost money to companies like Taurusemex; or Bstor; please report it to us on our Report a Scam form.
Customer Complaints and Negative Reviews Online
A quick search online reveals a plethora of negative reviews and complaints from Affluence FX victims. Common themes include:
- Difficulty withdrawing funds
- Unresponsive customer support
- Unrealistic trading results
These negative experiences further solidify the notion that Affluence FX is a scam broker review website to warn potential investors.
Affluencefxl.com Alternative Brokers
If you’re serious about forex trading or cryptocurrency investment, here are some reputable and regulated brokers to consider instead of Affluence FX:
- OctaFX
- HM
- IG
These established brokers offer transparent trading conditions, robust customer support, and most importantly, regulation by top-tier financial authorities.
Got Scammed by Affluencefxl.com? We Help Victims!
If you’ve unfortunately fallen victim to Affluence FX’s deceptive practices, there may still be hope. Organizations like Broker Complaint Alert offer free consultations and can recommend recovery service options. Remember, the sooner you act, the better your chances of recouping your losses or You can report to us today using the form below.
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