Fret Forex Trading has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Do not use Fret Forex Trading for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Transparent fees|Automated trading options|Wide product range|Reliable uptime
Cons: Limited cryptocurrency options|Wait times can be long during peak hours
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Flagged by international regulators|Due diligence required
I want to warn everyone about Fret Forex Trading. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Lost entire investment|Reported to authorities|Unresponsive
After spending for about three months trying to make Fret Forex Trading work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Market news feed|Transparent fees
Cons: Mobile app could be improved|No phone support on weekends
The platform itself is okay, but the customer service at Fret Forex Trading is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Great customer service|Personal attention|Two-factor authentication|Clean UI
Cons: Help articles are sometimes vague|Search feature is basic
Fret Forex Trading changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Multiple order types|Competitive fees|Dividend tracking|Risk management tools
Cons: Limited demo account features
I was about to invest with Fret Forex Trading but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Fret Forex Trading said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Economic calendar|Two-factor authentication|Easy to use platform|Responsive team
Cons: Minor UI glitches occasionally|Slow to add new assets
Do not be fooled by the professional-looking website. Behind the scenes, Fret Forex Trading is disorganized and incompetent. I found them after a family member had a good experience and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Professional team|Segregated accounts
Cons: Mobile app could be improved|Cannot customize dashboard fully
I joined Fret Forex Trading after attending a webinar they hosted and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Fast execution|Dividend tracking|No hidden fees
Cons: No live chat on mobile|Could offer more webinars