Brainwavefortune has been flagged by The Dutch Authority for the Financial Markets for "Fraud and Other Types of Misconduct". Fake or cloned website! The AFM warns consumers against a fake website that misuses the name and address of the Dutch entity Brainwavefortune who possesses an AFM licence. The licensed entity Brainwavefortune is not involved in the fraudulent boilerroom practices and has itself no website.
See al... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: htpps://brainwavefortune.com.
I was contacted by Brainwavefortune through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I gave Brainwavefortune a fair chance. After for a couple of months now of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Multiple order types|Smooth onboarding|Clean UI|Portfolio tracking tools
Cons: Spreads widen during volatile periods|Wish they had more educational resources
My withdrawal from Brainwavefortune was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about eight months of being strung along.
Pros: Copy trading available|Helpful community forum|Clear documentation|Fast support response
Cons: Search feature is basic
I signed up with Brainwavefortune while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Economic calendar|Personal attention|Clear documentation
Cons: Live chat only during business hours
Brainwavefortune advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Responsive team|Tax reports included|Transparent fees|Educational resources
Cons: Research section could be deeper|Alert system is basic
I was about to invest with Brainwavefortune but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. The Dutch Authority for the Financial Markets has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by The Dutch Authority for the Financial Markets|Cannot verify credentials