The company asserts that it offers both Forex trading and signal services, with a primary focus on providing signals to its clients. They depend on their expert team to deliver signals to investors and promise to continue offering legitimate signals in the future.
However, it is essential to note that these claims lack official certification. Additionally, they claim to have a considerable number of students, numbering over 250. Their services encompass various aspects of the Forex industry, including mentorship programs, signals, and analyses designed to guide your trading journey
Website – https://www.platinumforexsignals.com/
Website Availability – No
Official Address – NA
Warned by standard regulating authority – Financial Conduct Authority (United Kingdom)
Regulation Status – Unregulated, Blacklisted
Domain Status
| Domain Name | platinumforexsignals.com |
|---|---|
| Date Registered | December 31, 2021 |
| Domain Age | 1 year, 7 months, 6 days, 21 hours, 29 minutes, 43 seconds |
Regulation
Platinum Forex Signals is operating unlawfully, as evidenced by the warning issued by the FCA against engaging with them. Despite claiming to originate from the UK, the company lacks the proper documentation to promote or collect funds from citizens legally.
The platform supposedly offers 24/7 customer support through email; however, they only assert their UK connection without specifying an actual location, raising concerns about the use of this tactic as a drawdown similar to a Ponzi scheme. Instead of providing a direct email address, they require users to fill out a contact form on their website.
Furthermore, the company lacks the necessary authorization to conduct its business activities. While they offer a telephone number for contact purposes (07748195640), their lack of transparency could imply the possibility of changing their contact details or phone numbers in the future.
Investment Plans
The company presents four investment plans available to clients. Additionally, they provide analyses for each signal they offer. Clients have the option to receive trading signals either through email or Telegram. Moreover, a sound alert is provided whenever a favorable trading opportunity is identified.
Signing up with their brokerage platform grants users access to free signals, but those who wish to trade with different companies must pay for an investment plan. However, it’s important to note that the company lacks trading results, and it would be unwise to proceed with such a dubious Avenger.
Is it safe to trade with Platinum Forex Signals?
The company refrains from disclosing the frequency at which they send signals to their clients, nor do they provide information about the specific currency pairs they trade. Regrettably, this lack of transparency leaves much to be desired for the public. The only available data concerning their signals is that they utilize the Stop Loss (SL) and Take Profit (TP) strategy.
Moreover, Platinum Forex Signals lacks a reputable standing in the market, and their choice of a similar name to a well-known Forex company raises concerns about their legitimacy.
Negative Reviews and Complaints
Platinum Forex Signals has elicited a mixed reaction from those who have interacted with their services. While some accuse the company of fraudulent practices, others praise it as the best platform they’ve encountered.
Investors have reported making profits using this platform, as the trading signals provided are deemed highly profitable. Many clients consider Platinum Forex Signals to be a reliable website worth exploring.
However, there are also concerns that this entity might resemble another Ponzi scheme in the market. To address issues, the company attempts to contact those who leave negative feedback.
Conclusion
Platinum Forex Signals operates as a Ponzi scheme, signaling a precarious future for the company. Its eventual failure is almost inevitable, and the best way to safeguard yourself is to steer clear and avoid any involvement with them.
If you find yourself caught in the Platinum Forex Signals scam or any other deceitful scheme, know that help and resolution are within your reach. By completing a complaint form on our website, you will be granted a free consultation with our dedicated team of experts. Our main objective is to support you in effectively addressing your situation and finding a practical solution to overcome your predicament.
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