Falcon Trade Options foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://falcontradeoptions.com/user/register, about the company's legal and temporary regulatory information, the company's address Palms Refenet Limited 324 Sument Drive Park Ave S NY 3176..
Falcon Trade Options is a forex brokerage firm that has been operational for approximately 2 to 5 years. The company is registered in the United States, with its primary office located at Palms Refenet Limited, 324 Sument Drive, Park Ave S, NY 3176. It operates as a private entity and primarily serves retail clients seeking to engage in forex, stock, and cryptocurrency trading.
The firm claims to have a robust trading platform aimed at providing a seamless trading experience, although detailed information regarding its history and significant milestones remains sparse. A notable aspect of Falcon Trade Options is its focus on offering various trading instruments to a diverse clientele, including both novice and experienced traders.
The business model of Falcon Trade Options centers around retail forex trading, aiming to provide competitive spreads and leverage options to its clients. The firm's approach emphasizes customer support and the provision of trading tools necessary for successful trading.
Falcon Trade Options currently operates without any effective regulatory oversight. There is no valid regulatory information available, leading to a regulatory index of 0.00. This absence of regulation raises significant concerns regarding the safety and security of client funds.
The company has not disclosed any specific regulatory licenses or numbers, and it appears to lack compliance with the necessary financial regulations. Furthermore, it does not participate in any investor compensation schemes, which heightens the risk for potential investors.
In terms of compliance measures, there is no clear information regarding the implementation of Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. This lack of transparency further complicates the trustworthiness of the Falcon Trade Options broker.
Falcon Trade Options offers a range of trading products, although specific details about the number of forex currency pairs and the types of Contracts for Difference (CFDs) available are not explicitly stated. The broker claims to provide access to various asset classes, including:
The frequency of product updates and new offerings has not been specified, which may affect traders looking for a dynamic trading environment. The broker appears to focus primarily on retail trading services, although there is no mention of institutional client services or white-label solutions.
Falcon Trade Options does not provide comprehensive details regarding its trading platform. However, it is suggested that the broker may support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are popular among forex traders. The lack of specific information regarding proprietary platforms or web-based solutions indicates limited technological infrastructure.
Mobile trading applications for iOS and Android are not explicitly mentioned, which could limit accessibility for traders who prefer to trade on-the-go. The execution model is unclear, with no definitive information on whether the broker operates under ECN, STP, or Market Making models.
The absence of details about server locations and technological infrastructure raises concerns about the broker's operational capabilities. Additionally, there is no mention of API access or support for automated trading, which are critical features for many traders.
Falcon Trade Options provides several account types, although specific details regarding the conditions for each account remain vague. Key aspects typically expected in account offerings include:
The leverage ratios available to clients and the minimum trade sizes are not disclosed, which could pose challenges for traders looking to understand their risk exposure. Additionally, policies regarding overnight fees are not specified.
The broker supports various deposit methods, although specific details on the types of deposits accepted are limited. Common methods may include:
The minimum deposit requirements for different account types are not disclosed, which may affect potential clients' decisions. Furthermore, deposit processing times and any associated fees remain unspecified.
Withdrawal methods and limitations are also not clearly outlined. The processing times for withdrawals and any applicable fees are not provided, which could lead to uncertainty for clients regarding their ability to access funds.
Falcon Trade Options offers limited customer support channels. Clients can reach out via:
However, the availability of online chat or social media support is not confirmed. The service hours and time zone coverage are also unspecified, which may hinder effective communication for clients in different regions.
The broker does not appear to offer extensive educational resources, such as webinars, tutorials, or eBooks. Market analysis services, including daily analyses, news updates, or research reports, are also not mentioned, which could limit traders' access to valuable information.
Falcon Trade Options primarily serves clients in the United States, but the specific distribution of regional offices is not detailed. There is no mention of countries or regions where the broker does not accept clients, which could lead to potential compliance issues.
Overall, the lack of clarity regarding operational regions and any specific restrictions may create uncertainty for potential clients considering engagement with Falcon Trade Options.
In summary, the Falcon Trade Options broker presents itself as a forex and trading platform with a focus on various financial instruments. However, the absence of regulatory oversight, limited transparency regarding trading conditions, and insufficient customer support raise significant concerns for potential investors. It is crucial for traders to conduct thorough research and understand the risks involved before engaging with this broker.
FX3517856271
Philippines
Don't believe what they said, because now they have closed all businesses in the Philippines. This is a fraudulent company...now get any updates about exit from their representatives, because even if they haven't been paid for nearly 2 months. I have sent several reminders about support and back-end email IDs, but have not recovered from them, and emails have been sent to them today. Please do not conduct any transactions through this company because they will not transfer your own funds to you. Don't do business anywhere in the world... Fraud Fraud companies.
Exposure
2021-09-15
FX1236452505
United Kingdom
I haven't been verified for 2 weeks straight after I uploaded my documents for verification. and I needed to trade. so for me am seeing it as a scam like a broker if they don't see all we give in time.
37130
2023-02-21