FWISolutions: reviews on trading with a broker, legal framework analysis

FWISolutions: Company Deep Dive

We call on you to achieve incredible success. Approach the earnings opportunities with transparency – this is how the company FWISolutions welcomes its future clients. This enterprise aims to showcase its best image, but in the process of compiling reviews, we often found that it’s not wise to believe blindly. Additionally, it should be noted that FWISolutions has already received negative reviews, in which traders accuse the firm of fraud and disclosing deposit information. Let’s try to determine how valid these accusations are.

FWISolutions.com Site Inspection

The design of the fwisolutions.com website is done in black and red tones, which introduce a pessimistic note. However, it’s not the design that repels, but the lack of information. There’s little specificity here, but an abundance of advertising slogans.

FWISolutions doesn’t disclose its experience in financial markets, but according to whois data, it can be concluded that this is a new project launched on 05.06.2021. Reviews about the company are just beginning to appear, as most users have not yet been able to express their opinions about it.

There’s no information about the leadership of FWISolutions, preferring to remain anonymous. This doesn’t work in favor of the broker. It’s unclear who will take responsibility for financial commitments and who to turn to in case of an emergency.

For support communication, only an email and a phone with a British code are available. The company has not yet registered on social media, preferring to avoid constructive interaction with users and discussion of their opinions in reviews.

Control and Licensing

According to information, FWISolutions is managed by Amvikta Limited from Saint Vincent and the Grenadines. The legal address is indicated as Beachmont Business Centre, 178, Kingstown, St. Vincent and the Grenadines. This information is fictitious and is used by many financial scammers.

It’s also important to note that cooperation with offshore companies always involves a high risk, as there are no guarantees of profit return. The Central Bank of the Russian Federation has repeatedly warned that it has no ability to influence illegitimate companies. Reviews on specialized forums confirm that in case of problems, traders have to deal with them on their own.

Standard licensing checks of companies in Saint Vincent and the Grenadines are not conducted. The local regulator has stopped issuing licenses to intermediaries:

For Russian traders, it’s essential to be cautious. FWISolutions provides a Russian-language interface to attract residents of the CIS countries (including Russia). However, the company does not comply with local legislation (460-FZ) and is not listed among the licensed brokers of the Bank of Russia.

Proposals from FWISolutions

FWISolutions platform guarantees the best trading conditions and advantageous partnerships for both professionals and beginners. For novice traders, the company offers support and quality education. However, when you go to the Education section, you will encounter a 404 error (page not found). As for consultations, according to user reviews, broker staff recommendations are aimed at withdrawing funds from user accounts.

Scammers fully realize that a flood of negative reviews will eventually destroy their creation. Therefore, there is no demo account on the platform. You will have to invest money right from the start to gain access to over 200 instruments (including major Forex currencies, metals, futures, energy resources, stock indices).

Let’s look at the available trading accounts:

• Bronze. Initial deposit – 250 USD. Leverage 100:1, advanced charts, protection from negative balance, education,
• Silver. Minimum top-up – 2,000 USD. Additionally: leverage 200:1, personal manager,
• Gold. Deposit from 10,000 USD. Leverage 300:1, exclusive webinars and individual events,
• “Platinum”. Minimum deposit – 50,000 USD. Leverage is 400:1,
• “VIP”. To open an account, a minimum of 100,000 USD is required. The main difference from the previous account type is that the leverage here is 500:1.

As confirmed by real client reviews, the financial platform lacks solvency and is solely focused on capital attraction.

FWISolutions Company Reviews

Reviews of FWISolutions have already surfaced online. They all carry a negative tone:

FWISolutions Pitfalls

The fraudulent broker actively promotes its program through referral schemes. Generous rewards are promised for attracting new customers. Novices are promised the world, but in reality, the task of the staff is to attract investments. Scammers have a pseudo-program that allows them to simulate trading and withdraw traders’ deposits to their own accounts.

Independent Analysis Findings

FWISolutions embodies all the signs of underground activity. This company operates from an offshore zone, and its activities are not subject to control. According to online reviews, engaging with them is dangerous! If you need a reliable intermediary, not just a gathering of scammers, it’s better to steer clear of FWISolutions.