✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the broker Financial Reserves (also called financereserves.com), is a Forex, Cryptocurrency and CFD broker. Is Finance Reserves really recommended to make an investment? Or is it better not to invest with this company? ⛔ Is it a safe broker? Is a gotcha? We will help you determine it. ✅
You may be wondering why we are reviewing Finance Reserves. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
✅ The broker mentions being part of: Plus500UK Ltd.
✅ Regarding its location, broker mentions being based in: UK.
✅ If we analyze the regulation of the broker, we see that it claims to be regulated by FCA, but this data is completely false.
📌 Remember: the best (and safest) option are regulated brokersas they must meet very strict requirements. Work with an unregulated brokerit's very risky, don't take that risk. 📌
If now we go on to analyze account types offered by Finance Reserves, we note that it offers 5 different types of account / plans: Silver Account, Gold Account, Platinum Account, Diamond Account and VIP Account. We will leave you an image with a little information about each type of account.
Silver Account: minimum initial deposit of €10.000, Leverage up to 1:20, Senior Account Manager, Charges on Profits 10%, Maximum Pending Trade Bonus $ 5.000, Trade Signals, Welcome Bonus up to 20%.
Gold Account: minimum initial deposit of €25.000, Leverage up to 1:40, Senior Account Manager, Monthly Cash Back, Charges on Profits 10%, Maximum Outstanding Trade Bonus $ 10.000, Trade Signals, Money Management Plan, Welcome Bonus up to 40%, daily market reviews.
Platinum Account: minimum initial deposit of €100.000, leverage up to 1:60, Expert account manager, monthly cash back, 9% profit charges, maximum pending trading bonus $ 60.000, trading signals, money management plan, welcome bonus up to 60%, daily market reviews.
Diamond account: minimum initial deposit of €250.000, leverage up to 1: 100, Top account manager, monthly cash back, 7% profit charges, maximum pending trading bonus $ 200.000, trading signals, money management plan, welcome bonus up to 80%, daily market reviews.
VIP account: minimum initial deposit of €500.000, Leverage up to 1: 150, Account Manager (Special Equipment), Monthly Cash Back, Charges on Profits 5%, Maximum Outstanding $ 600.000 Trading Bonus, Trading Signals, Money Management Plan, Welcome Bonus up to 120%, daily market reviews.
In the following image you can have more information about the types of account. Click here to see the image in full size.
La platform to operate that Finance Reserves offers is: platform Financial Reserves.
We will now analyze the different resources and aids for traders that Finance Reserves provides on its website. We believe that the resources and help provided on the website can be a great point in favor of the broker.
Finance Reserves provides the following aids or resources to traders or stakeholders: explanation of basics, education section, FAQ section, really not much more than this.
| Other information about Financial Reserves |
Some more information in case you want to contact the company, or see its website for yourself.
Website: financereserves.com
Telephone: +34930301442 (Spain) | +44124390006 (UK) | +61242032460 (Australia) | +6436695890 (New Zealand) | +31850271715 (Netherlands) | +41224246500 (Switzerland) | +43720360795 (Austria)
Email: [email protected]
>>> Assessment on Financial Reserves <<
Ending with this section, in our opinion Do we believe that the company Financial Reserves is trustworthy? Should you invest your money with the company?
After analyzing a bit, we recommend to exercise caution, because: it is a completely illegitimate broker that manipulates data to impersonate a regulated one, it mentions being based in the UK but does not disclose the registration number. We also saw that it belongs to Plus500UK, a firm that has been fined by the Financial Services Authority for suspicious maneuvers. We suggest using caution.
⛔ Attention ⛔ : in December 2020 FCA (England) added Financial Reserves to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to FCA's December 2020 advertencia️ warning⛔ Attention ⛔ : in January 2021 FCA added Financial Reserves to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the A️ FCA January 2021 warning⛔ Attention ⛔ : in January 2021 FSMA (Belgium) added Financial Reserves to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to FSMA January 2021 warning ⚠️We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”755 ″]
I have an acquaintance investing, but I don't want them to steal my money or scam me. Can you help me? Blessings.
Hi Liam, thanks for writing about Finance Reserves. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.