Speedy Exchange Review – Is Investing in speedyexchange.com Safe?
In this Speedy Exchange review, we look at the broker’s activities, regulation status, and general trustworthiness. While it promises a broad range of financial products such as Forex, cryptocurrencies, stocks, indices, and commodities, there are several warning signs that Speedy Exchange is not a trustworthy choice for investors. With a WikiFX rating of only 1.45/10, the broker is flagged as risky and possibly fraudulent.
About Speedy Exchange
Company Name – Speedy Exchange
Website – https://www.speedyexchange.com/
Address – 161 Marsh Wall, London E14 9SJ, UK
Regulatory Warning – It seems there is no direct mention of this domain being on a blacklist.
Domain Blacklisted Status – The domain speedyexchange.com is listed on 2 security blacklists, indicating potential malicious or fraudulent activity. This is a strong red flag and suggests the site is unsafe to use.
No Regulation and Suspicious Claims
Lacks Proper Regulation
Speedy Exchange is claimed to be domiciled in Romania but lacks a license from an acknowledged regulatory agency. Lack of regulatory certification signifies there is no regulation of its operations, thereby rendering it a high-risk entity.
Misleading Assurances
Even though Speedy Exchange claims that client money is held in separate accounts, this cannot be confirmed because of the absence of transparency and proper regulation. Such assertions are usually made by fake brokers to give the impression of safety.
Major Red Flags
- Non-functional Website: The official site https://www.speedyexchange.com is currently down, which prevents any access to services or support.
- No Trading Software: Reports confirm that Speedy Exchange has no reliable trading platform, which is essential for real trading activity.
- No Business Transparency: There’s no public information about the company’s management, office address, or customer support details.
- Unusual Products: The mention of retirement accounts like “Rich People Roths” without any documentation is highly suspicious.
Final Verdict: Is Speedy Exchange a Scam?
According to this Speedy Exchange review, the broker has numerous indicators of being a scam. The absence of regulation, unavailable trading software, weak online presence, and dubious marketing practices all suggest a possible scam. Investors are highly recommended to steer clear of Speedy Exchange and opt for brokers that are regulated by well-known financial authorities for a safe trading experience.
How Scams Report Can Assist Victims Get Their Funds Back
If Speedy Exchange Broker is scamming you then you are not alone. Contact us! Our expert team provides:
- Free Consultation: We analyze your case and advise on the best recovery strategy.
- Chargeback Services: If you paid through a credit card, we assist in initiating chargebacks to reclaim your funds.
- Crypto Recovery: We provide specialized crypto fraud recovery solutions for victims who lost money through digital assets.
About Scams Report
Scams Report is a trusted fraud reporting and fund recovery assistance company dedicated to helping victims of financial scams. It provides expert guidance, chargeback support, and legal assistance to recover lost funds. Additionally, its blog educates users by exposing fraudulent brokers and investment scams, ensuring safer financial decisions for traders worldwide.
All newly invented fraudulent schemes to fool new traders are constantly monitored by us on the Internet. For over a decade, we have been collecting scam-related data, so we do believe in knowing every UNFAIR company operating in the market. Therefore, we have gathered the information regarding the scammers from the List of SCAM Brokers for you.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
