Beware! Expert-Financial-Solutions.com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Expert-Financial-Solutions.com is o another broker that clearly does not try to hide its true face. There is zero effort put into making the website, not to mention that no finger has been lifted to authenticate the broker’s shady and scammer services. This broker immediately fell into our unregulated pile, and it will remain there until it is shut down by the relevant authorities. The following review can be considered as a warning, and also as a guide to what many scammer brokers do. Read it carefully, and next time you will know what to look out for!
We registered in less than ten seconds, revealing just how little the broker cares for who enters its domain. This approach is favored by scammer entities since they reason that the more users enter the bigger the chance of investments there will be!
Entering the user area, we were immediately surrounded by reminders that we were dealing with a scammer broker. From the design of the menus to certain templates, everything was reminiscent of previous unregulated brokers.
From the familiar web trader, we read a EUR/USD spread of 0.6 pips, while the leverage given to us is capped at 1:200. The available trading assets are forex currency pairs, shares, indexes, cryptocurrencies, and commodities.
The website of the firm is available in English.
EXPERT-FINANCIAL-SOLUTIONS.COM REGULATION AND SAFETY OF FUNDS
The first thing that we have to work with here is an address in the UK. This is a classic misleading tactic used by unregulated brokers to try and trick its users. There is no real proof that Expert-Financial-Solutions.com is registered in the UK, not to mention a UK-based license.
In fact, there are no real regulatory details to work with. There are only ambiguous details claiming the broker to be regulated in unmentioned jurisdictions while being unavailable to clients of other jurisdictions. Such uncertainties are typical of unlicensed brokers.
Moreover, we traced down an official FCA warning that concerns Expert-Financial-Solutions.com. The warning not only blacklists the company, but it also proclaims that Expert-Financial-Solutions.com is a clone firm of expertwealth.co.uk.
Last but not least, Expert-Financial-Solutions.com comes with a very messy website and interface, toped with a ton of unreliable info, and a glitchy design.
This broker is completely unregulated and a risk to all traders. It is also a scam, and a clone firm, making it a waste of net space. Leave this site alone, for it will be gone sooner rather than later.
We challenge anyone to give us a reason to invest in an unregulated broker! Joke aside, there isn’t a bigger online investment risk than this. That is why it is crucial to always check the broker for a license, Make sure that the company appears in the regulator’s database, and if so, proceed. If not, make sure no move to the next broker.
Any UK, EU, US, or Aussie regulated broker will do, and there are also a heap of offshore regulators as well as international ones that do a great job. The choices are limitless, and there is no reason to lose hope if you happen on an unlucky streak of unlicensed brokers. Regulated brokers keep their promises of safety and fairness without compromising on the excitement of trading. Furthermore, the FCA and CySEC are famous for including compensation schemes with all their regulated brokers, plans that aid users at times when their brokers cannot pay its users back. The FCA guarantees up to £85 000, while CySEC guarantees up to €20 000 per person.
EXPERT-FINANCIAL-SOLUTIONS.COM TRADING SOFTWARE
Does this web trader seem familiar? Because it does to us. We have reviewed dozens, perhaps hundreds, of unlicensed brokers that have used the exact same trading terminal. It’s the classic story of a web trader used only as bait.
Scammer brokers tend to use these trading softwares only because they seem visually pleasing, and for many novice traders the look of the web trader is where they buy into the whole scam!
EXPERT-FINANCIAL-SOLUTIONS.COM DEPOSIT/WITHDRAW METHODS AND FEES
According to the user area, clients can invest by means of credit cards and debit cards. The minimum deposit was €1, ar so we think. Once we completed the depositing procedure, the broker told us that it will contact us soon. It never did, but we wonder what happens when it does? Anyway, the broker is unregulated, and not trustworthy.
From the withdrawal section of the user area, we learn that clients can take out money by means of credit cards and a wire transfer. There is a €20 fee if users use a credit card to withdraw, and a €20 + 1% if withdrawing via a wire trasnfer.
Is there really a reason to invest in Expert-Financial-Solutions.com? Absolutely not! This broker is a fake and a scam! Stay away!
HOW DOES THE SCAM WORK
Investments schemes rely heavily on online ads to help them progress and perpetuate their scams. Online ads allow for the creation of an illusory lifestyle that seems a few clicks away, whereas is reality such forged dreams are granted to a lucky few out there.
Entering the scammer brokerage website is like entering a candy store, where the candy actually tastes bad, and it leaves you with bad gums. These scammers will take all your money- as much as you give them. This happens by them contacting the user and soliciting him or her for deposits. The charming overtones are a must and the lies are endlessly delicious. They won’t let you put the phone down until an investment has been made, and they will go through their entire arsenal of lies and deceits to do so!
Investing for the first time is a thrill, and the broker will make sure that the feeling lasts so long as the user invests at least once more. The job of the retainers- those expert scammers- is to keep the client invested in the scam, financially, as long as possible. Again, the bag of tricks is full! They might even pay you back some just to create a false impression of a professional liaison. Scammers never lose sight of their goal- draining as much cash as possible from its invested users!
The point will come when the user will want to spend all that suspiciously easy-acquired money. Of course all withdrawal attempts will be futile, but there is nonetheless an ironic appeal to the ways in which scammer brokers lie their way through every canceled withdrawal request. Some brokers even might shut the entire website down, if they have felt that their financial goals are reached.
WHAT TO DO IF SCAMMED
Chargebacks are technically the most secure way of retrieving your funds, although many scammer brokers take precautionary actions to prevent these. However, it does not hurt to try! MasterCard and VISA have a chargeback period of 540 days.
Bank transfer frauds are harder to get around, and the only advice we can give you is to contact your bank and talk to them. Oh, and don’t forget to change your bank account user name and password.
All investments made by a crypto wallet can only be recovered if the fraudsters feel generous, which has not been observed.
There are also these ambiguous figures that will promise to track and bring your money back using some undisclosed tricks and techniques. Many desperate users trust these recovery agents enough to pay them an advance fee. Then these agents dissaper with your money, leaving you even more financially hurt.