Flourisi Group Limited Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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Unable to withdraw profit 448,935.26 USD.!!! (total capital 7,006 USD) Because the broker has closed the website. )
Flourisi Group Limited has garnered significant attention in the forex trading community, but the consensus from various reviews paints a concerning picture. This broker, established in 2022, operates without regulatory oversight and has been flagged for numerous issues, particularly regarding customer support and transparency.
Note: It is crucial to recognize that Flourisi Group Limited operates under different entities across various jurisdictions, which may impact the level of protection available to traders. This review utilizes multiple sources to ensure fairness and accuracy in presenting the broker's profile.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Experience | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
We score brokers based on user feedback, expert opinions, and factual data from reliable sources.
Flourisi Group Limited, also known as Flourisiltd.com, is an unregulated forex broker based in China. It primarily offers trading through the MetaTrader 5 (MT5) platform, which is known for its advanced features suitable for traders of all levels. The broker claims to provide access to a diverse range of assets, including commodities like gold and silver, major indexes, and various forex pairs. However, the lack of regulatory oversight raises significant concerns regarding investor protection.
Flourisi Group Limited operates as an unregulated entity, which is a major red flag for potential investors. According to multiple sources, including WikiFX, the broker has no valid regulatory licenses, making it a high-risk option for traders. The absence of regulatory oversight means that traders have limited recourse in the event of disputes or issues with withdrawals.
While specific information regarding deposit and withdrawal methods is scarce, it is common for unregulated brokers like Flourisi Group Limited to prefer cryptocurrencies due to their anonymity. This can pose a risk, as transactions made through cryptocurrencies are irreversible, making fund recovery difficult if issues arise. Furthermore, there are no clear guidelines on withdrawal fees or processing times, which adds to the uncertainty.
Flourisi Group Limited does not provide explicit information about its minimum deposit requirements. This lack of transparency is concerning, especially when compared to regulated brokers that typically outline clear deposit structures.
The broker has not disclosed any promotional offers or bonuses on its platform. This lack of information could indicate a potential strategy to attract traders without providing them with the usual incentives seen in the industry.
Flourisi Group Limited claims to offer a variety of tradable assets, including commodities, indices, and forex pairs. However, the quality and reliability of these offerings are questionable due to the broker's unregulated status.
Information regarding trading costs such as spreads and commissions is not readily available. This lack of clarity is a common tactic among unregulated brokers, which can lead to unexpected costs for traders.
The broker does not specify the leverage it offers, which is another concerning aspect. High leverage can amplify both profits and losses, and without clear information, traders may find themselves at a disadvantage.
Flourisi Group Limited offers the MetaTrader 5 platform, which is widely recognized for its user-friendly interface and comprehensive trading tools. However, concerns about the broker's reliability and customer support overshadow the advantages of using a reputable trading platform.
The broker does not provide explicit information regarding restricted regions, which can lead to complications for traders in certain jurisdictions. Without clear guidelines, traders may inadvertently violate local regulations.
Flourisi Group Limited's customer support is reportedly lacking, with many users citing slow response times and inadequate issue resolution. The primary language for customer support appears to be English, but the overall quality of service has been criticized.
| Category | Detailed Explanation |
|---|---|
| Account Conditions | With no clear minimum deposit or withdrawal guidelines, the account conditions are concerning. |
| Tools and Resources | MT5 is a robust platform, but the lack of additional resources diminishes its value. |
| Customer Service and Support | Significant issues with response times and support quality have been reported. |
| Trading Experience | While the platform is user-friendly, the overall experience is tainted by the broker's lack of regulation. |
| Trustworthiness | The absence of regulatory oversight and numerous complaints contribute to a low trust rating. |
| User Experience | Overall user experience is negative, with many users expressing dissatisfaction with the broker's services. |
In conclusion, the Flourisi Group Limited review reveals a broker that lacks the necessary regulatory oversight and customer support that traders expect. The concerns raised by users and the absence of transparency in critical areas suggest that potential investors should exercise caution and consider alternative, regulated options for their trading activities.
