If you have decided to sign up with Forex Birds, you should know a few things. For one thing, it lacks a proper license and protection software. However, the trading platform is fast and stable. In addition, the trading conditions are well-regulated. You should be aware of all these factors so you can invest safely.
Forex Birds lacks a legit license.
Forex Birds, the broker behind the infamous Forex Birds scam, doesn’t have a legitimate license and should not be trusted. Its platform is insecure, and the website lacks SSL encryption and DDoS protection software. Moreover, members of the scam send their funds directly to the owner’s bank account, making it impossible to recover them. As a result, it is doubtful that anyone will make a profit from Forex Birds. The company also relies on advertising campaigns and affiliate programs to convince people to sign up with Forex Birds. It’s best to mark these promotional emails as spam and delete them.
While Forex Birds claims to be regulated by a reputable organization, its lack of a legitimate license raises questions about its overall performance. While regulated brokerages like IG, FXCM, and TFXCM are known to be reliable, Forex Birds doesn’t. This makes it essential to conduct thorough due diligence before investing with them.
Forex Birds lacks proper protection software.
Forex Birds is an online trading platform lacking many essential features, including protection software. Its website doesn’t have SSL encryption or DDoS protection, which makes it highly vulnerable to hackers and scammers. It also doesn’t offer a secure method of depositing or withdrawing funds. Members must deposit their funds straight into the owner’s bank account, which means they can never get them back. Forex Birds is a scam and should not be trusted. You can easily find advertisements for Forex Birds online, but it’s best to ignore these ads. In addition, you should avoid the affiliate program.
Another essential factor to consider when choosing a broker is whether or not it holds a legitimate trading license. Without a license, a broker can’t guarantee that clients’ funds are safe and their interests are protected. Legitimate brokers are regulated by governments like CySEC, the UK’s Financial Conduct Authority, and the Australian Securities and Investments Commission. These governmental organizations apply strict rules to companies that they license. The regulations imposed on licensed companies are designed to ensure client funds’ safety and financial service entities’ reliability.
Forex Birds trading platform is stable, reliable, and quick.
Forex Birds claims to be an offshore broker, but they do not have a license from any serious forex authority. This makes them suspect of being a scam. In addition, their registration paperwork does not mention where they have their offices, which is also an issue, as offshore brokers are notorious for breaking trading regulations and are often anonymous. As a result, it is essential to research any broker thoroughly before committing funds.
Forex Birds has several communication channels, including email, phone numbers, and Whatsapp. You can use these to contact customer service if you have a question or problem. Unfortunately, emails can take time to be answered, and offshore brokers often ignore emails about withdrawing funds or requesting a hold. In addition, they may not even respond to phone calls. This means trading with Forex Birds can be a ride to hell.
Trading conditions are well-regulated
Forex Birds is an offshore brokerage that operates in the FX market. Although they do not hold a license from the Financial Conduct Authority, they are well-regulated. Several countries’ supervisory bodies also regulate them. This ensures that clients’ funds and interests are protected. Besides, they provide significant guarantees.
However, there are a few concerns. The first is the spread. The spread on majors can be as high as 2.1 pips, and the minimum balance is $25k. As a result, forex Birds’ spreads are higher than what other brokers offer. Another concern is the lack of transparency in information. While the company claims to be regulated, it doesn’t disclose the amount of leverage its customers can trade. Investing in a broker that does not disclose information is not a good idea.
The trading platform is reliable.
One of the most important things to consider when choosing a forex trading platform is whether or not the company is regulated. This is essential for a variety of reasons. For example, if a company doesn’t have a license from a serious forex authority, it cannot protect its customers’ money. Additionally, an unregulated broker isn’t liable for its actions, so you should be highly cautious when dealing with it.
One way to spot a scam broker is by reading the terms and conditions. Many companies claim they are regulated, but this isn’t always true. Some fraudulent firms may even display fake licenses and addresses. You should check all information from multiple sources before sending any money. Another way to check if a broker is trustworthy is to read customer reviews.