FXBrew Review is FX BREW Scam or Legit Read Before Investing.

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FxBrew review and ratings

Company information

FxBrew is a legally registered forex broker located in the Seychelles, but not regulated by any government agency.

Availability

FxBrew accepts clients from all over the world, excluding some countries where restrictions apply.

Distinctive features

  • Tight spreads on major currency pairs.
  • Simple registration and verification process.
  • Bitcoin funding accepted.

Trading instruments

Forex broker offers the following underlying assets for trading.

Templer FX Broker Review

Minimum deposit

Bonus

Maximum leverage

Year founded

Regulation

Trading platform

This is not a verified broker!

We do not recommend you trading with this broker. Its regulation and reputation is doubtful.

This post is meant to warn forex traders against using this broker as well as highlight the various ways such brokers manage to get away with forex scams. The Templer FX scam is also, unfortunately, very unsophisticated. I’m not saying that scams are a good thing, but I like to get that eureka moment when I realize where something is wrong. In this case, the warning signs are so obvious I found myself yawning as I kept checking off the usual checkboxes of a scam broker. Nevertheless, keep reading and perhaps you won’t ever fall into such traps ever again.

Is Templer FX legit?

At first glance, Templer FX seems to be a legitimate broker. The trademark Templer FX is used by Templer Holdings Management Limited, which is licensed to the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. The provided license number is 23395 with the FSA and FSP161410 with the Financial Service Provider Commission.

However, I was taught never to judge a book by its cover, a philosophy that works both ways. So, after I’m done looking at what they want me to see, I dig deeper to see what they are hiding.

Can Templer FX be trusted?

I had a hard time trusting Templer FX especially after looking at the Templer FX reviews on several broker review websites. Actually, I should say, a lack of reviews; the number of reviews for Templer FX can be counted in one hand. A lack of reviews does not directly translate to a scam, but you should be wary of such brokers. I understand that every company had to start from the bottom, but why risk being the Guinea pig that finally alerts the rest of us. Not when there are so many other proven brokers out there.

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Besides, ask yourself why a company that boasts of being founded back in 2004, more than a decade ago, would have so few Templer FX opinions. I know of many forex brokers who are less than 5 years old that have pages of reviews you can’t go through in one seating. One of such examples is the IQ Option, the broker was founded in 2020 and has hundreds of reviews. So, why does Templer FX have so few of them. Perhaps they haven’t been around as long as they say they have been; and that’s the first red flag.

In fact, a check of the PDF attached to the broker’s website reveals that they received their license in 2020! Isn’t it convenient that they can brag about being among the pioneers in the industry and escape decades of criticism?

What really irked me about Templer FX forex broker, though, was their financial regulator, the FSA. While the FSA is not a bad regulator itself, they are not among the top 5 in trustworthiness. I have found that many scam brokers choose these offshore regulators who turn a blind eye to their clients’ wrongdoing just so that they can receive the annual license fee and pay their staff.

Think about it, if you worked for an independent institution like the FSA, would you push away potential clients by acting tough? You would rather let them slide on minor offences because, after all, it is unlikely someone will fly to Saint Vincent just because they were scammed for $1,000. I also know this is a cynical view of the world, but it’s the reality as I’ve seen it in my years of forex trading.

Worse still, you can’t even check through the FSA website to confirm if Templer FX is actually a client of theirs. That’s one of the problems you face when dealing with such financial regulators. Such things do not happen with CySEC and FCA regulated brokers like XM Forex, whose licence number can be easily checked on the regulator’s website.

From the flimsy regulation and questionable company profile based on their own website and client reviews, I would not recommend working with Templer FX. If anyone at Templer FX would like to shed some light on their employer, the floor is open in the comments section below. This Templer FX review was not to bash anyone, but to ask the serious questions most traders ignore.

This is not a verified broker!

We do not recommend you trading with this broker. Its regulation and reputation is doubtful.

ROinvesting

Minimum deposit

Bonus

Maximum leverage

Year founded

Regulation

Trading platform

86% of retail investor accounts lose money when trading CFDs with ROinvesting.

There are scammers everywhere trying to make a quick buck by ripping off anyone who isn’t careful enough to read between the lines. Forex scams are especially common because they are based online, and it can be challenging to nail down the perpetrators. Is ROinvesting scam and an example of such a scheme? At first glance, the Forex broker seems legitimate and may even convince many people to be a very good option. However, that is just how the best scammers appear at first, before revealing their claws. After reading this, you will be able to see if ROinvesting is a reliable choice or not.

How the ROinvesting operates and is it a scam?

Anyone who is looking for a Forex broker to work with knows only to deal with licensed brokers. The scammers know this too, and so they often state that they got a license to appear more legitimate, but that doesn’t automatically make them so. ROinvesting brokers have obtained a license from CySEC with the number 269/15 after a ROinvesting website review. The license number is indeed real and could be confirmed from the CySEC website quite easily. The brand ROinvesting is actually owned by Royal Forex Ltd. based in Nicosia, Cyprus, which already shows signs of a legitimate broker, not a scam one.

That license gives them the right to offer Forex trading services to clients throughout the EU and even other countries outside the EU. What the license does not cover is the provision of services to US residents. According to US law, any broker providing Forex services must be regulated by the NFA. ROinvesting does not have this license from the NFA and when we tried to open an account as US residents, the registration process did not go on and we couldn’t get it. Self-respecting Forex broker does not accept US residents because they know how treacherous that could be. Such policy makes ROinvesting broker more reliable and shows that ROinvesting scam claims have nothing in common with real life.

During this ROinvesting review, we found out on the CySEC website, that Royal Forex Limited, which operates ROinvesting broker is located at City Home 81, 3rd floor, 128-130 Limassol Avenue, 2020 Strovolos Nicosia, Cyprus. Also, there is enough information on the company on the web. The company has been active for almost three years since 2020 and seems to be legit.

At this point, we decided to check out their actual services, and there were no scam signs here either. Unfortunately, the only method of making a deposit was through a credit/debit card. We’ve reached out to ROinvesting support and they told us that more deposit/withdrawal methods are on the way. There is also a list of instruments available for this ROinvesting review, and we have to state that it is pretty long.

Is ROinvesting legit?

So far, there are no signs of the ROinvesting scam from our point of view. The company offers pretty decent services and enough trading instruments on top of the most-used Forex trading platform. We really hope that ROinvesting will soon bring additional banking methods but even without them, it is considered to be safe to sign up!

86% of investor lose money when trading CFDs with ROinvesting.

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