FRTC. Net Limited is a trading platform that claims to offer its clients an efficient, secure, and profitable trading experience. However, recent reports and feedback from clients indicate that they may not be as legitimate as it appears. In the world of online trading, a broker can be the key to your success or your downfall. Successful trades and profits depend not just on your trading strategy, but also on how well your broker performs. Unfortunately, scam brokers are aplenty, and getting lured by one can result in financial losses and heartache. Such is the situation with FRTC. Net Limited, a broker that has left several traders feeling cheated and scammed.
Company Overview
| Broker Name | FRTC. Net Limited |
| Website | https://www.frtcnet.live/ |
| Location | China |
| Regulation | Not Regulated |
| Warning | Multiple |
Team
No information about the team behind the broker is available on the website. While this may not necessarily be a red flag, a lack of transparency should be taken seriously, especially in the financial industry.
Services and Products
FRTC. Net Limited provides traders with access to a broad range of trading instruments. Clients can trade in currency pairs, commodities, and indices, including low spreads. The broker also claims to provide fast execution speed, competitive pricing, several funding options, and several trading platforms to its clients.
Trading Platform
The broker offers its clients a well-known trading platform, MetaTrader 4, which is well-known and favored by traders worldwide. Along with MT4, the broker also provides a web-based platform. The platforms are intuitive, user-friendly, and customizable. Additionally, traders can access the platforms on any device.
License and Regulation
License Status
Upon inspection of the broker’s website, there is no mention of a license or regulatory authority that has authorized the broker to provide financial services.
Regulation Status
We did not find any regulation confirmation from any such regulators. It is clear that this broker is not regulated. But, we found a warning which will be shown below.
Why Should Not You Trust An Unlicensed Broker?
If a broker is not licensed, it not only implies that it lacks the necessary qualifications to provide financial services, including online trading. Unlicensed brokers are not accountable to any regulatory authority, which may lead to fraudulent trading activities and a lack of protection for clients.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Legal Warnings Against FRTC. Net Limited
The Internation Organization of Securities Commission issues a warning against this broker.
Another regulatory organization from Ontario, Ontario Securities Commission also issued a warning against this broker.
Client Feedback About FRTC. Net Limited
About Their Trading
Some traders have reported problems with opening or closing trades, using the platform, or accessing accounts. Other complaints include irregular or delayed withdrawal requests from the broker. Such issues point towards a fraudulent brokerage that does not have its client’s best financial interest.
About Their Customer Service
Customer service should also be taken into account when choosing a broker. FRTC. Net Limited has received complaints from clients about unhelpful or even non-existent customer service. The lack of customer service reflects the brokers’ lack of integrity and goes against providing reliable trading services to their clients.
How Can Reviewsadvice Help You If You Get Scammed?
If you have been scammed by a broker, Reviewsadvice can help you in several ways. When you submit your case, you will get a free consultation. In this consultation, we will provide you with some recovery service recommendations that can help you in recovering the lost fund.
Final Thoughts
FRTC. Net Limited’s lack of transparency and regulatory oversight should raise a red flag for traders considering partnering with the broker. The broker’s past record of fraudulent activities and lack of customer service points toward a scam broker providing fraudulent trading services. Traders looking for trustworthy online trading services should opt for regulated brokers to ensure protection and avoid fraudulent activities.
