Aug 5, Working with this broker will therefore rob you of a peace of mind because their operations are suspicious, plus their license was revoked long ago. Any serious investor would avoid them at all cost until matters are sorted out. But chances that this broker will reconcile with regulators is almost zero. No investor in their sane mind can do business with this broker because of the reasons stated above. And if you defy this warning, you will have yourself to blame since this broker will most likely employ monkey business tactics with your hard-earned investment dollar.
The website clearly welcomes everyone who wants to trade binary options. Every broker promotes their business by saying that they have the most intuitive platform that delivers instant execution. Nothing special about that, plus it does not guarantee that indeed you will enjoy those benefits. One has to test them first to find out whether or not those claims hold water.
This French broker caught our attention because they were still running shop despite getting into loggerheads with regulators. Therefore, we could not risk real money in a live account because the fearsome thing would happen.
Instead, we committed our testing to their demo account. We run several trades with 4 minutes expiry time on the demo interface. Out of the 10 trades, we did not incur one single loss. Of course this is not usual. In my opinion, this demo account is manipulated to give false results. Their support staff can only be reached through email, no phone or chat support. The support was responsive to the usual questions.
However, when we asked them about whether or not 4u groups was regulated, they never gave as a credible answer. The support staff replied that 4U Groups was regulated, although they never mentioned which organization was in charge. Of course they denied the fact that they have been blacklisted by the AMF. In addition to this, 4U groups claims that clients who open live accounts are entitled to elite training on how to trade and actually make money. Rest assured that the moment you fund an account with this broker, you will record one loss after the other.
Also, those features mean nothing if 4U Group has already been blacklisted for not fulfilling industry requirements. Not only is our research telling us that this broker is unlicensed, but we also learned that the face behind this company is unknown.
It has very low trust ratings, which suggests that this could be a fly-by-night operation as opposed to a serious broker who is into this business for a long term. They may be operational today but not tomorrow since such brokers are prone to disappearing with investors money. We do not have confidence in a broker whose domain name was updated last month.
The bottom line is that this company prefers to conduct its operations anonymously. Trading with such a company is not our cup of tea. What do you make of this? It is mostly a scam operated from a residential place as opposed to a commercial building where real offices can be rented for this kind of business. From the word go, we knew that 4U Groups was a shoddy broker with no real office or phone contact.
This suggests that 4U groups is very new in this business. However, their approach is making it clear that they are out to scam investors. Last but not least, the red flags are too overwhelming. An unregulated broker does not deserve your time. A one-man army that operates in a residential place while masquerading as a reputable binary options broker does not deserve your time as well. We have absolutely nothing to recommend in favor of 4U groups, especially after seeing that irrefutable evidence has been given against this broker.
It takes a little bit of research to pick the good ones. Meanwhile, make sure that this broker 4U groups is not in your cards. Your email address will not be published. Yes, add me to your mailing list. Notify me of follow-up comments by email. Notify me of new posts by email. Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big.
Some social media users have been blasting and trolling Meir Barak of Tradenet because he said in one of his Is Forex School Online going to really teach you the right skills needed to make money from the markets? The word ''Forex'' is an intriguing phrase for most people.
That alone makes the Forex market a healthy breeding ground The Forex market is a lucrative place to be. However, it is also a conducive environment where scams like Super Both Forex and Binary options involve high-risk and are not suitable for all investors.
Either Forex or Binary options may not be legal in your jurisdiction. Contents 1 4U Groups broker: Is this account a true reflection of what will happen when you do business with 4uGroups?
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