Fiat Visions operates as an offshore brokerage firm specializing in stocks, commodities, indices, and forex trading. They present three distinct trading account options: Beginning, Basic, and Silver. Unfortunately, our attempts to open an account with this broker were unsuccessful, which means our Fiat Visions review is solely reliant on the limited information accessible on their website.
It is strongly advised to peruse this Fiat Visions review diligently before considering any investments or sharing personal information, as there appear to be concerns regarding the broker’s overall trustworthiness
Website – https://fiatvisions.com/
Address – 132 St. Jean Rd, 5th Floor Orbis Court, Quatre Bornes, Mauritius
Warning – Ontario Securities Commission (Canada), Financial Conduct Authority (UK)
Domain Age –
|Date Registered||March 02, 2021|
|Domain Age||2 years, 7 months, 9 days, 2 hours, 56 minutes, 12 seconds|
Is Fiat Visions legit or a scam broker?
Fiat Visions asserts that it is managed by Green Point Technology Ltd, a company duly authorized and regulated by the Mauritius Financial Service Commission (Mauritius FSC). We have, indeed, confirmed the existence of Green Point Technology Ltd in the Mauritius FSC’s records.
However, Fiat Vision may be an imitative entity that erroneously appropriates the regulatory details of a Mauritius FSC-regulated firm. Notably, Fiat Visions operates without any oversight from regulatory authorities. Consequently, investors’ capital entrusted to this broker is vulnerable and lacks legal protection. As such, it should be regarded as a fraudulent operation.
Warnings issued against Fiat Visions
The UK Financial Conduct Authority (UK FCA) has issued a cautionary notice, pointing out that Fiat Visions is offering financial services or products within the United Kingdom without the necessary authorization. Additionally, the Ontario Securities Commission (OSC) has also issued a warning regarding Fiat Visions, explicitly stating that this brokerage is not registered in Ontario to conduct securities trading activities.
Fiat Visions Review: Trading Platform
The brokerage asserts that it provides proprietary trading software, yet we encountered difficulties while attempting to register for an account and assess its functionality. The presence of an error on the registration form raises concerns. In light of this, we strongly recommend considering reputable brokers who utilize advanced trading platforms such as MetaTrader 4 or MetaTrader 5.
Fiat Visions Review: Deposit and Withdrawal Methods
The specified minimum deposit of $5,000 raises significant suspicion and resembles the practices often associated with dubious brokers. This requirement strongly emphasizes FiatVision offshore characteristics, effectively altering its potential user demographic.
Piecing together information from legal documents, we discovered the available payment methods, which include wire transfers, card transfers, and undisclosed alternative options. The minimum withdrawal amount is set at $50.
In terms of the refund policy, it is evident that the brokerage does not impose any fees on financial transactions. Furthermore, the policy alludes to withdrawal processing times, indicating that they may take up to a maximum of 7 days.
Negative Reviews and Complaints
Upon investigation, we discovered that Fiat Visions has garnered unfavourable customer reviews and low trust scores across various online platforms. After a comprehensive assessment, which included both positive and negative feedback about Fiat Vision, it became evident that this broker operates without regulation and may pose the risk of being a potential scam broker. To safeguard against such fraudulent entities, we maintain a list of suspected scam brokers 2023 on our website.
Although FiatVisions appears to offer a wide array of trading instruments, robust trading platform features, and multiple account types tailored to diverse investor requirements, there are substantial apprehensions. The lack of regulatory supervision, coupled with numerous reports of withdrawal challenges and potential fraudulent activities, greatly erodes its credibility and safety.
If you’ve fallen victim to the Fiat Visions scam or other scams like forex, cryptocurrency, binary, and so forth, please take immediate action by filing a complaint with us. We are here to assist you in the process of recovering your funds by providing free consultation services. It is crucial to initiate this process promptly to mitigate the potential for further harm. Your proactive step can not only aid in your recovery but also prevent others from falling prey to deceitful brokers.
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