Name of Broker – Fantex
Website – fantex.co
Address – 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica Roseau Valley, DO 00152
Owned by the – Felicity Group Ltd
Warning Issued By – Financial Markets Authority (Austria), National Securities Market Commission (Spain), Federal Financial Supervisory Authority (Germany), Commissione Nazionale per le Società e la Borsa (Italy)
If you are thinking of investing with Fantex but avoid the scams, read the Fantex review and get to know about the scam activities of brokers in detail.
Fantex isn’t the one that it tries to look like. The site is normal, and there is a propensity for all the subpages to be extremely shallow, in contrast with the landing page, wherein the broker attempts to add as much data as possible. In this Fantex review, we will discuss why we consider this broker a scam. Read a complete Fantex review for more.
Fantex Review: Introduction
Fantex is located in the Commonwealth of Dominica, an area that is famous for increasing the number of scammers in its region. Dominica is without a forex regulator, so all the forex brokers situated there don’t have a permit to offer trading and investment services.
Their signup page is extremely basic and quick to finish, which makes anyone simply create an account. Out of the over-burden of data in the footer, just one sentence was helpful to us, and that was the location.
Fantex Review: Regulation
Regulation is very important for the broker who provides trading and investment service. A broker, no matter which nation and from where they are offering to trade, should have a regulated license. Every nation has its own guidelines that every financial service provider has to follow. Fantex does not hold any regulated license while offering trading and investment services to different nations. This indicates that the broker is involved in the scam.
Fantex Review: Domain Information
The domain of Fantex is one more point that makes it a suspect of a scam. Fantex has a 5-year-old domain name. But the reason for concern is that, even after having a new domain, Fantex claims to be a leader in the financial market. This is the first sign that guides us to a trick.
Fantex Review: Warnings
Another main thing for a financial service provider is to have at least one license managed by the nation in which they offer their services. But in the case of Fantex, it doesn’t have any license and consequently doesn’t have permission to offer trading and investment services.
Many major regulators like the CNMV, FMA, BaFIN, and CONSOB issued a warning against this broker and asked the public to avoid this broker.
Check our scam brokers 2022 list to read more reviews about scam brokers.
Fantex Review: Conclusion
There are many risks involved in online trading and investment. You may be a victim of a forex scam, cryptocurrency scam, binary scam, pet scam, etc. You should do a good search before choosing a broker.
We can affirm that Fantex is a potential scam that doesn’t hold any regulated license and is not reliable for your investment. If you search on the internet for this broker, you will find many negative Fantex reviews.
If you are a victim of the Fantex scam, fill out a complaint form or get a free consultation for fund recovery. We will review your case on the basis of a few things, like installment history, a technique for installment, etc. Each case is unique, yet All Scam Reports knows every system to accelerate your documents. To find out more, contact us here.
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