PredictionAI is a forex and CFD broker that claims to offer a variety of trading services, including copy trading, social trading, and algorithmic trading. However, there are a number of red flags that suggest that PredictionAI is a scam broker.
Company Overview
PredictionAI is a relatively new broker, having been founded in 2022. The company is not registered with any financial regulator, and its website does not provide any information about its management team or trading infrastructure.
Team
The PredictionAI website does not list any information about its management team. This is a red flag, as legitimate brokers should always disclose this information.
Services or Products
PredictionAI claims to offer a variety of trading services, including copy trading, social trading, and algorithmic trading. However, there is no evidence to support these claims. The company’s website does not provide any information about how these services work, and there are no testimonials from real traders who have used them.
License and Regulations
PredictionAI is not licensed by any financial regulator. This is a major red flag, as it means that the company is not subject to any oversight or regulation. Unregulated brokers are more likely to engage in fraudulent activities, such as refusing to pay withdrawals or running off with client funds.
License Status
PredictionAI is not licensed by any financial regulator. This means that the company is not subject to any oversight or regulation. Unregulated brokers are more likely to engage in fraudulent activities, such as refusing to pay withdrawals or running off with client funds.
Regulation Status
PredictionAI is not regulated by any financial regulator. This means that the company is not subject to any oversight or regulation. Unregulated brokers are more likely to engage in fraudulent activities, such as refusing to pay withdrawals or running off with client funds.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of reasons why it is risky to deal with an unlicensed broker. First, unlicensed brokers are not subject to any oversight or regulation. This means that they are more likely to engage in fraudulent activities, such as refusing to pay withdrawals or running off with client funds. Second, unlicensed brokers often use high-pressure sales tactics to convince traders to deposit money. These tactics can be very persuasive, and they can lead traders to make bad investment decisions. Third, unlicensed brokers often have poor customer service. This can make it difficult for traders to get help if they have a problem with their account.
Legal Warning Against PredictionAI
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a warning against PredictionAI. The FCA warns that PredictionAI is not authorized to provide financial services in the UK. This means that it is illegal for UK residents to trade with PredictionAI.
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.
Client Feedback
There are a number of negative reviews about PredictionAI online. These reviews allege that the company is a scam and that they have refused to pay withdrawals or provide customer service.
Feedback About Their Trading
The few reviews that mention PredictionAI’s trading platform are negative. Traders complain that the platform is slow and unreliable and that it is difficult to place trades.
Feedback About Their Customer Service
The customer service at PredictionAI is reportedly very poor. Traders complain that they have been unable to get in touch with customer service representatives and that the representatives whom they have spoken to have been unhelpful.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by PredictionAI or another unregulated broker, there are a few things you can do. First, you should try to contact the broker and demand your money back. If the broker refuses to cooperate, you can file a complaint with the financial regulator in your jurisdiction. You can also try to get your money back through a chargeback if you used a credit card to deposit funds.
If you want a quick solution and proper guidance, you should contact us. When you submit your case to us, you will get a free consultation call schedule. During the call, you will get some guidance and recovery service recommendations to help you in recovering the lost funds.
Final Thought
PredictionAI is a scam broker that should be avoided. If you are considering trading with PredictionAI, we advice you to reconsider. There are many legitimate brokers available, and you should choose one that is regulated and has a good reputation.
