Many offshore brokers tend to present themselves as legitimate trading firms. They do that by presenting us with fake regulations and funds protection measures. In reality, once you start trading with those brokers, none of those measures truly exist.
The situation is the same here. That’s why we have this honest SeguroFX review to present you with key disadvantages this broker has, the ones they use to present as advantages.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings from: | N/A |
| Registered in: | Marshall Islands |
| Operating since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptocurrencies, forex, indices, commodities, shares, bonds, ETFs |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | After multiple warnings and zero transparency from this broker, it’s hard to believe any withdrawals can be completed. In case you experience any withdrawal problems, reach our refund experts for detailed advice on how to recover your funds. |
Legal info: Is SeguroFX Legit or A Scam?
In the first place, SeguroFX claims to be regulated by the RMI under the Banking Act in the Marshall Islands. If such regulation existed, all brokers there would have it. In any case, whether they have it or not, it can’t be trusted. Compared to FCA, BaFin, or ASIC, such regulations don’t include any features for protecting trusted funds.
Another reason why we can’t trust what this company says is multiple warnings against them. If the AMF, CONSOB, and A-TVP are wrong, then we are wrong. In most cases, they are not.
Who are SeguroFX’s Victims?
Since 2023 when this trading brand was established, we can see their services offered worldwide. Even though they thought Italian and French authorities wouldn’t recognize their scam activities, they were wrong. It’s not a smart move to target countries like:
- Italy
- France
- Brazil
- Canada
- Argentina
After traders reported issues with the SeguroFX broker, warnings started piling up very quickly. All we need is your experience in our comments section about any of these firms. Ultimately, our team can advise you on refund steps and help regulators expose these frauds.
Traders Reviews
Even though the company has been around only for a few months, negative reviews have already been posted about it. It seems this firm is not very comfortable providing withdrawals for its customers. But what else can you expect from an unregulated broker?
Leverage, Commissions, Spreads, Fees and Taxes
One of the biggest problems with SeguroFX brokers is a lack of transparency about trading conditions. Not even the leverage is transparently published. In any case, anything above 1:50 should be a warning sign.
When it comes to fees, spreads, and commissions, prepare yourself for surprises. This broker doesn’t reveal any of those.
Bonuses
Indeed, it appears some of the SeguroFX account offers include bonus deals. Thus, the company’s T&Cs don’t reveal transparent bonus conditions. Consequently, traders can expect problems withdrawing any of the bonus funds or funds generated with it. A perfect example of such a scam is the OroTrader broker.
SeguroFX Trading Features
The only feature that can be considered advanced with this trading firm is trading signals. Thus, without regulations, it’s hard to believe any of those.
In general, everything else on the company’s platform is highly speculative. But to learn how to diversify trusted features from fake features, check our IV Markets review.
Trading Platforms Available
One of the key aspects of any brokerage is the trading platform. If there’s no trusted option available, there’s nothing you should hope for with that broker.
Sadly, that’s exactly the case once you open the SeguroFX account. With their web-based software, traders can only expect manipulations. Instead, we suggest all traders stick to cTrader or MetaTrader with a top-tier licensed firm.
Available Trading Assets
Whatever you want to trade with this brokerage, you’ve got it. The key question is if you can trust the data presented about those assets. It’s widely known scam brokers use fictive platforms to present traders with fictive data and results. Therefore, how can you trust them?
In any case, if you still opt to do so, you can trade:
- Forex – USD/JPY, EUR/SEK
- CFDs – gold, CAC40, Amazon
- Cryptos – ETH, LTC
Account Types
When you look at the accounts offered by SeguroFX Forex broker, you will realize it’s all delusional. They don’t reveal minimum trading requirements, and they will certainly require you to deposit more money for their fictional services and features, such as 1-on-1 sessions, spread reduction, VIP Trading support, individual training, and many more. In reality, none of those features truly exist.
Mobile Trading App
If you still choose to trade with this broker, completing the SeguroFX login process won’t give you access to trusted apps. Be sure to check it since their platform is completely web-based.
Instead of trusted apps, traders have to use their browsers to access their trading accounts. Certainly, that’s not the safest method around.
Demo Account
One of the significant disadvantages of the web-based SeguroFX app is the lack of a demo account feature. We have all realized trading conditions are mysterious. At least they could’ve given us a chance to test them via demo. Sadly, that’s not the case.
Education
Of course, the education with this broker can be expected only in a live session with their so-called “experts.” But we strongly advise all traders not to fall for it.
All those programs will certainly lead you to deposit more money. However, you won’t be able to withdraw any.
SeguroFX Withdrawal
Considering the company’s bonus policy, lack of regulations, and multiple warnings, it’s not reasonable to expect withdrawals from them. Not to mention, the company doesn’t reveal processing time or fees for withdrawal requests.
Ultimately, that will give them an advantage over traders and allow them to make rushed decisions. In most cases, the ones will cost them everything they have.
Customer Support
Contact options with the SeguroFX scam broker are a clear sign that you should not trust them. There are only e-mail and web contact forms available. Of course, there are no transparent working hours during which traders can expect answers.
Key Information To Consider About SeguroFX
In the first place, traders need to realize this company is not regulated. After all, multiple warnings were not issued without a reason. Secondly, they have non-transparent conditions, and the trading platform is absolutely untrusted. With all this in mind, there’s only one thing expected – manipulation.
If that happens, we urge traders to talk to our refund experts about options to recover their funds. Ultimately, it could be too late if they don’t do it on time. At least our first consultation is free of charge. So, there’s nothing to worry about when you book it. Do it today if you don’t want to lose all of your funds forever.
FAQ Section
What is SeguroFX?
SeguroFX is a scam broker that has been operating since 2023 from the Marshall Islands.
Is SeguroFX Legit?
No. The company is not licensed by any top-tier authority. Instead, they appear on a warning list of the AMF, CONSOB, and A-TVP.
How to Get Money Out of My SeguroFX Account?
To withdraw any of your finds you might need our experts’ professional assistance with CipherTrace. Get in touch now and find out more details about the fund’s recovery options.
Source:
https%3A%2F%2Fscambrokersreviews.com%2Fcrypto-scams%2Fsegurofx-review%2F
