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Freserves

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Operating status: SCAM

Website: https://freserves.com/

Broker violations and abnormal records
  • 2021-01-07 CySEC added Freserves into its blacklist
    On 8 January 2021, the Cyprus Securities and Exchange Commission (CySEC) informed investor that the website financereserve.com do not belong to an entity which has been granted an authorization for the provision of investment services: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=ed7489b7-e51a-433c-ba64-906736b2dfd9
    On 8 January 2021, the Cyprus Securities and Exchange Commission (CySEC) informed investor that the website financereserve.com do not belong to an entity which has been granted an authorization for the provision of investment services: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=ed7489b7-e51a-433c-ba64-906736b2dfd9
  • 2020-12-17 The UK regulator FCA added Finance Reserves (Clone) into its blacklist
    The UK regulator FCA warned public that Finance Reserves (Freserves) has cloned the information of FCA-regulated firms Henyep Capital Markets (UK) Limited and Plus500UK Ltd: https://www.fca.org.uk/news/warnings/frcm-mangement-finance-reserves-clone-fca-authorised-firms.
    The UK regulator FCA warned public that Finance Reserves (Freserves) has cloned the information of FCA-regulated firms Henyep Capital Markets (UK) Limited and Plus500UK Ltd: https://www.fca.org.uk/news/warnings/frcm-mangement-finance-reserves-clone-fca-authorised-firms.
  • 2021-08-29 BrokersView has reviewed that Freserves is an unregulated forex broker
    Freserves claims to be headquartered in the UK, however, it is currently not regulated or overseen by any regulator when we checked on the UK’s Financial Conduct Authority (FCA). That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    Freserves claims to be headquartered in the UK, however, it is currently not regulated or overseen by any regulator when we checked on the UK’s Financial Conduct Authority (FCA). That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Related Complaints

Q&A

Does anyone know about Freserves? Is it safe?

Chandra Polaggari
Mexico
2022-07-27
ANSWER Freserves is not a licensed or regulated broker even though it states offers that look good to be true. Freserves claims to be headquartered in the United Kingdom, however, we did not find any match results to Freserves in the registry of the UK regulator Financial Conduct Authority (FCA).More importantly, both the Cyprus Securities and Exchange Commission (CySEC) and FCA issued warnings against Freserves for being a broker to provide financial services and products without authorization and regulation. You can check full warnings from CySEC and FCA.The truth is, Freserves is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Freserves and trade with licensed brokers.
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I want to know the regulation of Freserves. Please check.

Mollliiiiiiiieeeee
Philippines
2021-11-20
ANSWER Freserves is NOT a legitimate broker and should be avoided at all events. Freserves claims to be headquartered in the UK, however, it is currently not regulated or overseen by any regulator when we checked on the UK's Financial Conduct Authority (FCA). That means investors' funds in this broker is unsafe and cannot be protected by any laws. What's worse, the Cyprus regulator CySEC and the UK's regulator FCA have successively added Freserves to the blacklist to warn the public that this firm has cloned the information of regulated entities. You can check full alert or warning from CySEC and FCA on Freserves respectively. As per the evidences above, our final conclusion is that Freserves is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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