PlatiniumFund Review: Investing your money in the foreign exchange market is a risky but profitable venture. It is risky because of the number of scammers in the market. It can be amazingly profitable if you have the right information, the right tools and if you know what you are doing. How much do you know about PlatiniumFund? Is Platiniumfund.com a scam? Is it Legit? Read our review to find out the result of our investigation.
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What is PlatiniumFund?
Platiniumfund.com is the website of CFD brokerage that claims to have assets such as commodities, crude oil, indices and stocks. According to the website, its location is in Austria but we discovered something strange. This platform’s contact code is +800. It is common knowledge that +800 is North American code. Why would they claim to be based in Austria when their contact number code is that of North America? Something smells fishy…
What PlatiniumFund Say They Offer
- They claim to offer various types of Liquidity Providers
- A leverage of 1:500
- Measures to ensure the security of users funds
- 0.01 Minimum Trade Lots
- EUR/USD spread of 3 pips
- Provision of Forex Signals
- Provision of dedicated account managers and experts to give you advice for maximum profit.
Platiniumfund Trading Software
Platiniumfund provides a web-based MetaTrader 4 trading platform. To further our search, we tried registering a demo account but, we were unable to. This is disappointing because it would have helped us get more information on this brokerage. It would have gone a little way to assure traders of your transparency and the safety of their investment.
Platiniumfund Withdrawal and Deposit Methods & Fees
According to Platiniumfund.com, there are only two withdrawal methods. They are Credit Cards and Wire Transfer. The withdrawal process ranges from 5-10 days. Although legal documents does confirm the presence of withdrawal fee, it was not stated.
Despite this brokerage’s claim to offer several methods of depositing like MasterCard, Visa and E-wallets like Skrill, PaySafecard and Webmoney . The only supported methods are Cashier and WorldVoucher. The minimum deposit amount is $500.
Is PlatiniumFund Licensed?
This brokerage’s claim to be registered in Austria and owned by Platiniumfund Ltd. We checked the data base Financial Market Authority (FMA) who regulates the Forex market in Austria and guess what… Platiniumfund was not found! Nothing in the form of a license either was given to this brokerage.
Phone: +800 123 45 67
We are not convinced that Platiniumfund is legit because they are unlicensed! Potential traders and all who have an interest in Forex trading should be wary of scammers like Platiniumfund.
- High minimum deposit
- Virtual phone number
- Unnecessary difficulties in withdrawing
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website