Fiat Visions broker is a fraud, that's why we think so30 / 03 / 22 Visitors: 507
FiatVisions, an online broker operating in the UK, is a fraudster with a spoiled reputation.
If we go to the official FiatVisions website - fiatvisions.com then we will find out that this firm offers intermediary services for trading on the Forex market in the UK. FiatVisions also offers programs for financial actions.
Our specialists investigated the FiatVisions website, got acquainted with the working conditions, made a trip to get at least test access to the software, studied the availability of official documents, the place of registration of the organization.
With the help of the data obtained, we will figure out: FiatVisions - deception or not?
Additionally, we will explain to you how not to fall for the bait of criminals, about their methods of action. We will provide the necessary information to keep the money safe.
The FiatVisions organization is located in an offshore country
The first sign that indicates that FiatVisions are criminals is the region of registration. The company is documented in the Marshall Islands, which is already suspicious, since the company operates in the UK. Offshore countries attract the attention of fraudsters due to the absence of the need to comply with the law and regulation.
Moreover, this country does not have the authority to operate in the Forex financial market.
In addition, when our employees tried to identify the legal address, mentions of owners and directors fiatvisions.com , then they could not reveal anything.
Such a struct that fiatvisions.com - a shadow broker, working with which can result in large financial losses.
I couldn't find any information about the manual fiatvisions.com
Having examined the official website, we have not been able to identify plausible information about the owners of the company fiatvisions.com . No address, no phone number or other methods to get in touch.
Basically, this means that the current owners are trying to hide information about themselves in order to hide from punishment for crimes. Even if it turns out to identify someone from the employees of FiatVisions, then everything will end there, and the actual owners of the criminal firm will remain at large.
At FiatVisions, the official website - fiatvisions.com, works less than thirty days
On the website fiatvisions.com it is said about the serious experience of operations in the Forex market.
The main method of site analysis is considered to be obtaining information about the domain name. Basically, they indicate the age of the existence of the domain name, data for the communication of its owner.
In this case, the domain fiatvisions.com it has been working for less than thirty days, and all information about the person who owns it is hidden. Another evidence that the organizers of FiatVisions are trying to preserve anonymity.
This aspiration can be accepted, but not when it comes to a financial organization acting as an intermediary between the user and Forex.
In addition to this, fiatvisions.com they assure their users that they have been working effectively on the Forex market for quite a long time.
FiatVisions has no test period
It is a common practice for brokers to provide users with a test version of the services in order for them to familiarize themselves with the interface, test their skills in trading on the Forex market with fake money.
Unfortunately, on the website fiatvisions.com , we did not find information about the trial period, the possibility to try out the rograms.
We assume that the organizers of the company fiatvisions.com most likely, he does not plan to provide customers with demo access to a paid service, since someone is able to suspect something is wrong.
Broker fiatvisions.com conducts activities with a negative account
Legal firms that operate in the Forex market do not use a negative balance in their activities. According to the legislation, the client of an online broker cannot spend more than is currently in the account. In cases where the balance goes into negative, it is not the client who is obliged to pay off his debts, but the company that provided the services.
Because of this, official brokers do not use a negative account in their activities.
However, fiatvisions.com he offers his traders to work with a negative account, that is, on credit.
Why is this necessary?
In order to drive the client into debt and start paying off the debt. This is one of the most common methods of fraud used by financial criminals.
If this happens, you need to know that criminals have no way to recover money under UK law. Absolutely all methods of influencing you are illegal. The most that bandits are capable of is to disturb with calls, send messages with demands.
With fiatvisions.com it is impossible to cooperate, because any attempts to negotiate will result in new expenses.
fiatvisions.com they work with a leverage of 1 to four hundred or more
At this point, it becomes obvious that FiatVisions are scammers. However, we will point out another fact, namely the existence of an excessively large credit ratio.
Leverage is the ratio of funds of clients and Internet brokers at the conclusion of a transaction. It allows you to make significant transactions for traders who do not have large finances with them.
In order to protect traders in the Forex financial market, in civilized countries, the current laws provide for the use of leverage with the highest ratio of 1 to 30, sometimes 50.
At the same time, FiatVisions applies a leverage of 1 to four hundred for trading activities in the Forex financial market.
This ratio is allowed in Switzerland, as firms registered in this country enjoy high confidence. But FiatVisions is not registered in this state.
In fact, FiatVisions does not have the right to conduct operations on the Forex market with such a credit ratio, due to the high risk to customers. Actually, this is done only to force the client to give more of his own finances, but also to drive into loans.
Local branches of FiatVisions
It is considered solid for an organization to have regional offices in developed countries, even if the activity is carried out only in the UK. Therefore, FiatVisions reports that in addition to a large number of awards, there are regional offices in England, Australia and other developed regions, as well as a large number of competent employees.
It is easy to check the existence of these offices. Since there are specialized organizations that are engaged in monitoring the work of online brokers. In England it is FCA, in Australia it is ASIC.
Therefore, a legal organization is obliged to have permits from these or other organizations that will confirm their right to provide services for trading on the Forex market, determine the level of responsibility.
However, after studying the profile official sites, our specialists did not find them. Which once again reinforces our fears.
For registration on fiatvisions.com need to transfer personal data
As we mentioned earlier, FiatVisions does not have a demo period, and because of this, in order to gain access, you must immediately transfer the minimum payment to the FiatVisions scammers. In addition, create a personal account fiatvisions.com , possible only if the user's verification is successful.
This means that FiatVisions requires 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, with the initial payment, criminals can get access to personal account data.
As a result, this information may allow bandits to issue a loan to a client, or to implement other criminal operations.
Since for registration on the site fiatvisions.com , it is necessary to transfer confidential data, our experts have not been able to get access to the FiatVisions personal account and applications for Forex transactions.
Real reviews about FiatVisions
An extremely important stage in exposing FiatVisions is the study of trader reviews.
Analysis of search engine results gave us the following data:
- Most of the mentions and reviews of FiatVisions on the Internet are lies. These are template positive reviews and comments of a custom type;
- All real reviews about FiatVisions are bad. Our experts failed to find reliable reviews and comments from customers fiatvisions.com, which mention a large income, effective trading.
- Negative reviews are caused by illegal actions, theft of funds, artificial creation of credit.
In accordance with this, reviews of FiatVisions indicate that the broker in question is a scammer.
FiatVisions contact details and Papers
After analyzing the mentions on fiatvisions.com our experts have identified many dubious digital official papers that can be easily made using a graphic editor. They are not confirmed by official companies, which means they cannot be trusted.
If a broker is not affiliated with regulatory organizations, then its traders simply have nowhere to turn for help.
On the "Contacts" page, our employees identified a phone number. It turned out that it had already been used by an illegal 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 using an online Forex broker? Make sure that you can take money from him.
After analyzing the trading agreement on the FiatVisions website, our employees did not find specific information about withdrawal methods. In addition, our employees found a description of the penalties for prolonged inactivity of the personal account, but there was no information about their amounts. Since the bandits do not work in the legal field, it will not be possible to challenge these fines.
That is, if the user has finished cooperation with FiatVisions, they can start calling and writing messages demanding to repay the fine.
How does FiatVisions work?
The method of searching for users, which uses FiatVisions, also raises concerns.
False profiles on social networks are used for advertising, in which non-existent bloggers spread information about how they instantly managed to get rich by earning on Forex with the help of FiatVisions. Non-existent people demonstrate expensive cars and jewelry, travel to resorts and other manifestations of a prosperous life.
Fakes promise rapid income growth, for which you do not need to study or put a lot of effort.
If a potential user comes into contact with criminals, FiatVisions employees confirm the reality of instant profit, and in addition about some unique features of their services that allow you to quickly get a lot of income.
After that, all sorts of manipulations are used, which make it possible to get the maximum amount of money from the trader. For example, a client may draw a fake profit to provoke him to invest more money.
If trading on the Forex market turns out to be negative, a personal manager will recommend transferring more in order to cover losses.
Employees of FiatVisions, act according to the manuals created by qualified scammers. Scammers analyze information about the user in order to influence vulnerabilities, pull out more money.
Anyway, everything will come down to one of two ends:
- When you want to get money before you find yourself in the red, you will be fined, the account will be closed, and everything will be done to force you to pay more;
- When you allow the bandits to drive the balance into debt, threats will arise, the bandits will start extorting to repay the fake debt.
Another way to earn money for FiatVisions can be the transfer of your personal information to third parties. Probably, after that, it will be possible to purchase detailed information about you for a moderate amount on an anonymous service on the shadow Internet.
It is likely that because of this, all sorts of bandits, managers, etc. will start writing to you more often. In addition, it is worth waiting for messages from accomplices of FiatVisions, who will offer a "refund" of the lost money, of course for payment.
Since FiatVisions does not operate in a regulated field and maintains anonymity, then fiatvisions.com it will not be possible to force to answer according to the current legislation in the UK. The owners of a shadowy company are artfully hiding, and at best, police officers will be able to figure out one of the "managers".
Should I believe FiatVisions?
Only if you are going to transfer finances to bandits, it is better to transfer them to charity.
Let's briefly state the facts that say that FiatVisions are criminals:
- Absence of an official residence permit;
- No trial period;
- There is no information about the owners of the company;
- Phone number detected in shadow schemes;
- Negative score;
- Leverage greater than 1 in fifty;
- Negative reviews;
- False information on the official website.
Our review of FiatVisions is over. Obviously, FiatVisions are scammers.