Score

1.44 /10
Danger

Freyr

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.45

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Freyr Group Limited

Company Abbreviation

Freyr

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Freyr · Company summary

General Information & Regulation

Freyr is a derivatives trading platform offering leveraged investment services in indexes, crude oil, precious metals and contracts for difference (CFD) to international investors. The brand “Freyr” is owned and operated by Freyr Group Limited, a company registered in United Kingdom. Freyr Group Limited is not subject to any regulation at this stage. Please be aware of the risks.

Market Instruments

With Freyr, trader can get access to trading assets include forex currency pairs (more than 30 currency pairs), metals, oil and indices. Overall, financial instruments offered by Freyr is pretty average.

Minimum Deposit

In terms of minimum initial deposit, Freyr doesn‘t make this clear. However, traders should keep in mind that regular and legit brokers won’t ask too high account-opening amount, just around $100 to $200.

Leverage

Trading leverage is not mentioned, when it comes to this part. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It is essential that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissions

Freyr doesnt announce its spread and commission conditions on its website. It always seems that unregulated broker like to hide their real trading fees to scam traders.

Trading Platform Available

Freyr offers clients the opportunity to trade on MetaTrader 4, an award-winning trading platform. There is no doubt that MT4 has become the most popular trading platform for currency traders due to its ease of use, with a rich trading environment and automated trading capabilities. Freyr MT4 trading platform is available for Pc and Mobile devices.

Deposit & Withdrawal

There are some payment logos on the Freyr website, including Maestro, Paypal, Union Pay, Visa, JCB. As Freyr doesnt make it clear, we are unsure whether these payment methods can be used to deposit and withdraw funds from their accounts.

User Reviews

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User comment

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Comments

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金融狂人
more than one year
Frequently, I cannot log into my MT4 trading account, and they said it was due to my computer. I was exhausted and left this broker soon. Before I withdraw my account balance, they still shamefully asked me for additional exit fees.
Frequently, I cannot log into my MT4 trading account, and they said it was due to my computer. I was exhausted and left this broker soon. Before I withdraw my account balance, they still shamefully asked me for additional exit fees.
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2023-03-07 09:54
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