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Freyr

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Operating status: SCAM

Website: http://www.freyrfx.com/

Broker violations and abnormal records
  • 2021-12-20 BrokersView has reviewed that Freyr is an Unregulated Forex Broker

    Except its email address, Freyr’s contact information including phone and address is currently not available. Besides, there is no more necessary documents including “Terms and Conditions” or other legal specifications. Under these circumstances, you can’t reach the phone number, verify the locations, and can’t confirm in any other way whether the broker is authorized to sell forex goods or not, so that’s most likely a fraud.

    On the other hand, Freyr is not a reliable FX broker since it does not hold a license from any worldwide serious FX authority. Viewing its website, Freyr claims that it is regulate by NFA of the United States and the regulatory certificate number is NFA ID: 0542173. However, when we checked with the license number, we found the entity is not an NFA member. The result shows that Freyr is currently not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

    Except its email address, Freyr’s contact information including phone and address is currently not available. Besides, there is no more necessary documents including “Terms and Conditions” or other legal specifications. Under these circumstances, you can’t reach the phone number, verify the locations, and can’t confirm in any other way whether the broker is authorized to sell forex goods or not, so that’s most likely a fraud.On the other hand, Freyr is not a reliable FX broker since it does not hold a license from any worldwide serious FX authority. Viewing its website, Freyr claims that it is regulate by NFA of the United States and the regulatory certificate number is NFA ID: 0542173. However, when we checked with the license number, we found the entity is not an NFA member. The result shows that Freyr is currently not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-07-05 BrokersView has found that Freyr is not working

    On 6 Jul 2022, BrokersView found the domain http://www.freyrfx.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 6 Jul 2022, BrokersView found the domain http://www.freyrfx.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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