Score

1.20 /10
Danger

FLAREGAIN

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index4.62

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

open now

Regulatory disclosure

Broker Information

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Company Name

FLAREGAIN

Company Abbreviation

FLAREGAIN

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FLAREGAIN · Company summary
FLAREGAIN Basic Information
Founded in 2023
Registered Country United Kingdom
Regulation Not Regulated
Min. Deposit $250
Tradable Assets currency pairs, indices, commodities, cryptocurrencies, and stocks
Trading Platform N/A
Payment Methods N/A
Customer Support Phone: +44 2080979145Email: support@flaregain.comAddress: Euston road, NW1 3DP London, UKv

Overview of FLAREGAIN

FLAREGAIN is a recently established brokerage firm that was founded in 2023 and is registered in the United Kingdom. The broker offers various tradable assets, including currency pairs, indices, commodities, cryptocurrencies, and stocks. FLAREGAIN requires a minimum deposit of $250 to open a trading account, which may be considered a relatively high barrier for some traders.

Overview of FLAREGAIN

Regulation

FLAREGAIN operates as an online broker under no regulatory oversight from financial authorities. As an unregulated broker, client funds and transactions are not protected by any investor compensation schemes or regulatory safeguards. This lack of regulation raises concerns about the broker's adherence to industry standards and best practices, potentially exposing traders to higher risks.

Regulation

Pros & Cons

FLAREGAIN offer popular products, but the lack of regulation could be a risk factor. The high minimum deposit amount makes it difficult for beginners to start small and test the waters. Additionally, the young age of the company might raise concerns about their experience and stability compared to more established brokers.

Pros Cons
  • Popular products provided
  • Not Regulated
  • $250 minimum deposit, unfriendly to beginners
  • An extremly young broker

Market Instruments

FLAREGAIN provides access to currency pairs, enabling traders to speculate on the forex currencies. Additionally, FLAREGAIN allows trading in global indices, providing exposure to the performance of major stock markets. Traders can also gain exposure to the commodities market, including precious metals and energy resources. Furthermore, the broker offers opportunities to trade in the rapidly growing cryptocurrency market, as well as traditional stocks from various exchanges.

Account Types

FLAREGAIN recognizes the diverse needs and preferences of traders by offering 7 distinct account types. These account types are differentiated by the required deposit amount, trading conditions, and the availability of additional services. While specific details are not provided, the broker sets a minimum deposit requirement of $250 across all account types, catering to both beginner and experienced traders.

Account Types

Customer Support

FLAREGAIN provides multiple channels for traders to access customer support. Traders can reach out to the support team via phone at +44 2080979145, allowing for direct communication and prompt assistance. Additionally, the broker offers an email support channel at support@flaregain.com, enabling traders to submit inquiries and receive written responses. For those seeking in-person assistance, FLAREGAIN has a physical address at Euston road, NW1 3DP London, UK.

Customer Support

Phone: +44 2080979145

Email: support@flaregain.com

Address: Euston road, NW1 3DP London, UKv

Conclusion

FLAREGAIN presents itself as a brokerage firm offering a diverse range of tradable instruments, including currencies, indices, commodities, cryptocurrencies, and stocks. While the broker boasts a comprehensive product offering and multiple account types, the lack of regulation raises significant concerns about the safety and security of client funds and the overall integrity of the firm's operations. Additionally, the minimum deposit requirement of $250 may be considered relatively high for some traders. Anyway, traders should think twice before trading with this broker

FAQs

Q: Is FLAREGAIN a regulated broker?

A: No, FLAREGAIN operates without any regulatory oversight, according to the provided information.

Q: What tradable assets does FLAREGAIN offer?

A: FLAREGAIN provides access to currency pairs, indices, commodities, cryptocurrencies, and stocks.

Q: How many account types does FLAREGAIN offer?

A: FLAREGAIN has set up seven different account types with varying deposit requirements, conditions, and additional services.

Q: What is the minimum deposit requirement for FLAREGAIN?

A: The minimum deposit requirement for FLAREGAIN is $250.

Q: How can I contact FLAREGAIN's customer support?

A: You can contact FLAREGAIN's customer support via phone at +44 2080979145, email at support@flaregain.com, or visit their physical address at Euston road, NW1 3DP London, UK.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

News

ExposureWikiFX Broker Assessment Series | FLAREGAIN: Is It Trustworthy?

In this article, we will conduct a comprehensive examination of FLAREGAIN. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

WikiFX
2024-03-06 17:39
WikiFX Broker Assessment Series | FLAREGAIN: Is It Trustworthy?

ExposureFlaregain Alert: No License, No Withdrawals, Big Problems

Flaregain exposed: An unregulated Forex broker failing to honor withdrawals, a stark warning for traders about the dangers of unlicensed platforms.

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2024-02-23 16:27
Flaregain Alert: No License, No Withdrawals, Big Problems

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