Flaebuy is a financial trading platform claiming to offer CFD trading services for forex, metals, energy, futures commodities, and indices. However, its domain registration date cannot be found through the WHOIS website. Its operational address is listed as 26a, 20 Primrose St, Broadgate, London EC2M 3AF, UK, but there is no registration information for this company on the UK government website. According to internet records, the website first appeared on April 9, 2024. Flaebuy's official website is: https://www.flaebuy.cc/
Flaebuy's Company Background:
The website's domain registration date cannot be found through the WHOIS website. The official website lists its operational address as 26a, 20 Primrose St, Broadgate, London EC2M 3AF, UK. However, no registration information for this company can be found on the UK government website. Additionally, the website first appeared on the internet on April 9, 2024.
Flaebuy's Regulatory Information:
Flaebuy's official website claims the platform is regulated by the NFA and MSB. Below is a screenshot from the official website:
Upon investigation, the platform is not regulated by the NFA. While MSB registration is a legal requirement for some financial services firms, it does not provide the same level of consumer protection or oversight as a financial regulatory license. MSB-registered firms should not be considered fully regulated or endorsed by government authorities. Currently, Flaebuy lacks valid regulation. The investigation results are shown below:
Flaebuy's Account Registration Process:
- Visit Flaebuy's official website and click the registration button
- Fill out the application form
- Submit identity verification documents
- Make a deposit and start trading
Flaebuy's Account Types:
Flaebuy offers two types of accounts:
Standard Account: This account offers ultra-fast execution speeds, low spreads, and no commission.
ECN Account: This account provides traders with superior trading conditions, with spreads as low as zero.
Flaebuy's Trading Software:
Flaebuy has not yet disclosed detailed information about its trading software.
Flaebuy's Trading Products:
Flaebuy offers a wide range of financial instruments for trading, including forex, metals, energy, futures commodities, and indices CFDs.
Flaebuy's Spreads, Leverage, and Commissions:
The Flaebuy website does not disclose details about spreads, trading leverage, commissions, minimum/maximum trading volumes, maximum holding/order quantities, margin call/stop-out levels, minimum price precision, or contract sizes.
Flaebuy's Deposit and Withdrawal Methods:
Flaebuy offers various deposit and withdrawal methods, including:
- MasterCard
- Bank Transfer
- Skrill
- Neteller
These options provide traders with flexibility, allowing them to choose a payment method that suits their individual needs.
Flaebuy's Customer Support:
Email: support@flaebuy.cc
Phone: +44 7535 697466
Conclusion:
Flaebuy has significant issues with transparency regarding its company background and regulatory information. Despite claims of regulation by the NFA and MSB, the platform is not officially regulated by these bodies. Furthermore, Flaebuy's operational address cannot be verified in official UK databases. While the platform offers two account types and multiple deposit and withdrawal options, it lacks detailed information about its trading software and specific trading conditions. Investors should exercise extreme caution and thoroughly understand the associated risks when considering using the Flaebuy platform. Flaebuy is listed as "Suspected Fraud" on TraderKnows.
