fernrise.com has been flagged by Cyprus Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: fernrise.com.
I was contacted by fernrise.com 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: Blocked my account|No legitimate license|Fake returns
I was about to invest with fernrise.com but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Cyprus Securities and Exchange Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Cyprus Securities and Exchange Commission|Cannot verify credentials
I looked into fernrise.com and found they appear in the regulatory warnings database. Cyprus Securities and Exchange Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Appears in regulatory warnings database|Uncertain regulatory status