[Crypto Killer]

Please can somebody in the DayTrading.com team tell me whether AffluenceFX can be trusted?

https://www.affluencefxl.com/

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[James Barra]

Hi Crypto Killer,

AffluenceFX isn’t a brand we’ve assessed fully, but I have done some digging into the company and I found several things that would make me avoid it:

• The Financial Conduct Authority (FCA) has issued a warning against the firm because it may be targeting British traders without authorization. I can’t find anything to confirm it’s regulated anywhere else that’s reputable either.
• It provides very limited information about trading conditions, from its order execution policy to pricing, platforms and account requirements. This lack of transparency is concerning, especially when you compare it to highly trusted brokers.
• “It is regarded as one of the best, most beneficial, brilliantly successful companies in the industry of forex trading and investing.” No it isn’t based on my years working in the industry and evaluating dozens of online brokers.
• “Profitable investments when you invest and trade with us.” I would be very wary of any trading firm that claims you’ll make profits. Online trading is extremely risky – there’s no getting around it, and the best firms are upfront about the risks.

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[Jonny got all the money]

Depositing cash with dis broker looks about as safe as dousing your cash in gasoline, setting it on fire, and then firing a clip from an AR 15 at it.

Where do u even find dodgy companies like dis

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[Christian Harris]

A major red flag is the ‘HEAR FROM OUR CLIENTS’ section, which uses stock headshots that can be found on many other sites.

So, they’re not genuine client quotes.

Also, the site’s design template/awards/certificates, etc, are identical to other sites that also look dodgy.

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[Crypto Killer]

Alright, thanks all. I thought it looked a bit suspect so I will swerve them.

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