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Flipstrades US Review: Is flipstrades.us a Scam?
Introduction to Flipstrades US Review ( flipstrades.us Scam)
Flipstrades US is an online trading platform that claims to offer its users the opportunity to trade in various financial markets, including forex, stocks, and cryptocurrencies. The platform promises high returns on investment and claims to have a team of experienced traders who manage users’ accounts. However, there have been concerns raised about the legitimacy of the platform, with some users claiming that it is a scam. In this article, we will review Flipstrades US and determine whether it is a legitimate trading platform or a scam.
Background
Flipstrades US was founded in 2018 and is based in the United States. The platform claims to be regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). However, upon further investigation, we found that the NFA and CFTC do not regulate Flipstrades US. This raises concerns about the legitimacy of the platform.
Home Page of Flipstrades US
Red Flags: Flipstrades US Review ( flipstrades.us Scam)
There are several red flags that suggest that Flipstrades US may be a scam. Firstly, the platform promises high returns on investment, which is a common tactic used by fraudulent trading platforms. Secondly, the platform claims to have a team of experienced traders who manage users’ accounts. However, there is no evidence to support this claim, and it is unclear who these traders are. Thirdly, the platform does not provide any information about its trading strategies or how it generates profits. This lack of transparency is a cause for concern.
User Reviews
We conducted a thorough search of user reviews of Flipstrades US and found several negative reviews. Many users reported that they had lost money on the platform and were unable to withdraw their funds. Some users also reported that they had difficulty contacting customer support and that their queries went unanswered. These reviews suggest that Flipstrades US may not be a legitimate trading platform.
Legal Action
There have been several legal actions taken against Flipstrades US. In 2019, the Securities and Exchange Commission (SEC) charged the platform with fraud, alleging that it had defrauded investors out of millions of dollars. The SEC also obtained an emergency asset freeze against the platform. This legal action further supports the claim that Flipstrades US is a scam.
Conclusion about Flipstrades US Review ( flipstrades.us Scam)
Based on our research, we believe that Flipstrades US is a scam. The platform makes unrealistic promises of high returns on investment, lacks transparency about its trading strategies, and has been the subject of legal action by the SEC. Additionally, user reviews suggest that the platform is not legitimate and that users have lost money on it. We advise anyone considering using Flipstrades US to exercise caution and to avoid the platform altogether. To be aware of other SCAM Brokers, stay with US!
Key Takeaways
- Flipstrades US is an online trading platform that claims to offer high returns on investment.
- The platform is not regulated by the NFA or CFTC, despite claiming to be.
- User reviews suggest that the platform is a scam and that users have lost money on it.
- The SEC has taken legal action against Flipstrades US, further supporting the claim that it is a scam.
- We advise anyone considering using Flipstrades US to exercise caution and to avoid the platform altogether.
Last modified: May 24, 2023
