F2tradingcorp.com Review: this is a Forex and cryptocurrency trader that seems to be based in Thailand. Is F2Trading Corporation a legit trading company or a scam? There are lots of dishonest trading companies today, find out if this is another one by reading the review.
Like we mentioned earlier, this company is based in Thailand. We start our reviews by checking if the firm under scrutiny is properly licensed in the location where it operates. Forex and cryptocurrency trades in this country is under the jurisdiction of the Thailand Securities and Exchange Commission (SEC).
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We discovered that F2Trading Corporation is not registered under this authority neither as a Forex or digital assets broker. This is a discouraging find as it means that no authority is watching the actions of the company. Investing funds in this kind of firm makes it potentially unsafe.
Further, the company offers clients a sort of ROI (Return on Investment) that is high and likely untrue. It seems to be doubling as a Ponzi scheme firm. Traders should beware of these kinds of companies offering profit that are too-good-to-be true.
Advantages of F2Trading Corporation
Much of what seem like good things on the website are the promises that are made to clients. They claim that traders without experience can benefit from investing with the firm. Trades are carried out using an “automated arbitrage system”. Customers will then make direct profit when the company trades well.
A profit of 3% per day is offered on investments made by clients and 6% is given to those who refer new investors. Other bonuses are 8% on joining some sort of team and 2% for creating one. It all sounds like HYIP and we do not encourage our readers to take a risk in joining this service.
It is common for brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.
F2Trading Corporation Trading Platform
We are not told the kind of platform that the F2Trading Corporation uses in carrying out these trades. However, if it is not the MT4 or MT5 platform then it is not advisable. The MetaTrader platforms are commonly used because they allow the use of trading robots.
Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.
These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.
Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.
Trading instruments offered to traders are mostly major crypto currencies. It may not be of advantage to traders who are used to trading other assets. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.
Maximum leverages offered is not mentioned neither do we find anything on the spreads. This is uncharacteristic of a legit broker.
Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.
Deposit and Withdrawal methods on F2Trading Corporation
There is no mention of the means by which deposits and withdrawals are to be made for trading with this company. This is discouraging because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.
Minimum deposit required is $1000 which is much higher than the obtainable average of $100 – $250 among brokers. Withdrawal fees are not mentioned and it is stated that there are no commissions.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is F2Trading Corporation Licensed?
No. Like we pointed out there is no mention of F2Trading Corporation by the Thailand Securities and Exchange Commission (SEC). On a third-party website, we also found that the company is related to FXTrading Corporation which is a popular scam. If this is the case, traders should avoid it.
Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.
The means of getting in touch with the customer care representatives of this company are by email: firstname.lastname@example.org or WhatsApp: +5511945843965.
F2Trading Corporation is not properly licensed and most of the trading conditions are unclear. There are many signs showing that it is a Ponzi scheme firm as well and we do not advise traders to invest their fund with it. If you have anything to add to this cryptocurrency broker review, do so via the comment section.
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