Groupe Free has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Loan Fee Fraud
Groupe Free/ Free Bank Groupe
Str. Coriolan Brediceanu, nr. 1 Lugoj
Romania
Telephone: +40759585795
E-mail: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.freeblank-groupe.com.
The only good thing about Groupe Free is that they remind you why regulation matters. I found them after reading several online reviews. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Regular platform improvements|Wide product range
Cons: Limited demo account features|Inactivity fee applies after 12 months
I signed up with Groupe Free after my brother mentioned them 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: Fast execution|Transparent fees|Competitive fees|Automated trading options
Cons: Some tools only available on higher tiers