Frontier Finance Pro is a broker suspected of fraudulent activities. Its official website domain www.frontierfinancepro.com was registered on March 29, 2024. The platform claims to offer investors a variety of Contract for Difference (CFD) trading services, including forex, indices, precious metals, energy, commodities, and cryptocurrencies.
Company Background and Regulatory Status
According to Frontier Finance Pro's official website, the broker is authorized and regulated in multiple jurisdictions. Detailed information is as follows:
- Frontier Finance Pro (SC) Ltd.: Registered in Seychelles, with registration number 8423606-1, regulated by the Seychelles Financial Services Authority (FSA), license number SD025.
- Frontier Finance Pro B.V.: Registered in Curaçao, registration number 148698(0), regulated by the Central Bank of Curaçao and St. Maarten (CBCS), license number 0003LSI.
- Frontier Finance Pro (VG) Ltd.: Authorized by the British Virgin Islands Financial Services Commission (FSC), registration number 2032226, license number SIBA/L/20/1133.
- Frontier Finance Pro ZA (PTY) Ltd.: Registered in South Africa, authorized by the Financial Sector Conduct Authority (FSCA), registration number 2020/234138/07, FSP number 51024.
Additionally, Frontier Finance Pro claims to have registered companies in the UK and Australia, with the UK registered company being Frontier Finance Holdings, LLC. The Australian registered company name has not been disclosed, both having registration number 2018AD947.
Upon further investigation, neither the UK Companies House nor the Australian company registry has a record of a company with registration number 2018AD947. Furthermore, there is no registered company named Frontier Finance Holdings, LLC. The regulatory information mentioned on Frontier Finance Pro's website actually belongs to another broker, Exness.
Therefore, Frontier Finance Pro (www.frontierfinancepro.com) is actually a scam website impersonating other brokers' regulatory information, lacking a real company entity and proper regulation.
Trading Products
Frontier Finance Pro claims to offer a variety of financial derivative trading services, including forex, indices, precious metals, energy, commodities, and cryptocurrencies.
- Forex: Provides major currency pair trading, such as EUR/USD, USD/JPY, etc. The forex market is influenced by global economic factors and central bank policies.
- Indices: Includes indices like the S&P 500 and NASDAQ, reflecting the overall market performance of a group of stocks.
- Precious Metals: Safe-haven assets like gold and silver, typically used for inflation hedging.
- Energy: Such as oil and natural gas, influenced by global supply and demand and geopolitical events.
- Commodities: Includes agricultural products and industrial metals, which are highly volatile.
- Cryptocurrencies: Emerging market with high volatility, including assets like Bitcoin and Ethereum.
Account Opening Process
The steps to open an account with Frontier Finance Pro are as follows:
- Visit www.frontierfinancepro.com and click "START LIVE TRADING" or the "SIGNUP" button in the top right corner to access the account application page.
- Fill in your name, email address, and set a login password on the account application form. After submitting the form, the account will be successfully created.
- After logging into the account, users must complete the KYC verification process before they can start trading.
Trading Account Information
Frontier Finance Pro claims to offer four different investment plans: Basic, Silver, Premium, and VIP.
Basic:
- Investment Amount: $1,000—$10,000
- Expected Return on Investment (ROI): 15.2% within 24 hours
- Offers the option to copy junior traders
Silver:
- Investment Amount: $10,000—$50,000
- Expected ROI: 18.5% within 24 hours
- Offers the option to copy professional traders
Premium:
- Investment Amount: $50,000—$150,000
- Expected ROI: 25.5% within 24 hours
- Offers the option to copy expert traders
VIP:
- Investment Amount: Starting from $150,000
- Expected ROI: 35.2% within 24 hours
- Offers the option to copy expert traders
In addition, the trading periods are divided into short-term (monthly) and long-term (annual).
Trading Platform and Deposits/Withdrawals
Frontier Finance Pro claims to offer the MT4/MT5 trading platforms, but upon investigation, this broker is not listed on the official MT4/MT5 platforms. Additionally, the broker only supports deposits and withdrawals via cryptocurrencies.
Conclusion
Traderknows reminds investors that Frontier Finance Pro (www.frontierfinancepro.com) is an unregulated scam website with a fictitious company entity. Investors should avoid using such platforms and prioritize choosing legal, regulated trading platforms to ensure the safety of their funds.
