Is Financial Aims LTD Dependable for Trading? The Revealed Truth
A company registered in the United Kingdom under the same name is allegedly the owner of Financial Aims LTD. The company was established in 2002 and is currently registered with Companies House. Moreover, there is a discrepancy between the address listed on the website and the address registered with Companies House. In other words, they simply looked for a financial institution that had been in operation long enough to seem reputable and imitated their name. We refer to it as a clone company.
Moreover, our broker is unlicensed since the FCA database contains no records of financialaimsltd.com.
Our last piece of evidence is the leverage that this trading company offers. In particular, all brokers in Europe and the UK follow the 1:30 leverage limit set by ESMA for retail traders. Financial Aims LTD breaks the regulatory environment directly by offering odds ranging from 1:100 to 1:500.
An FCA license is not held by Financial Aims LTD, a broker that appears to be based in the UK. Investors are prevented from taking advantage of financial benefits or taking their money out of the company by unpleasant provisions and demands.
In conclusion, Financial Aims LTD should be avoided at all costs.
Where Do Financial Aims LTD Scam Victims Live?
The United Kingdom and Lithuania are the countries where Financial Aims LTD trading fraud is most common.
Additionally, an online platform’s results indicate that in January 2023, there were over 10,000 visits, the majority of which originated in Bulgaria and Russia. Investor assets are at risk since the broker operates all over the place without a valid license.
What Trading Platforms Are Available?
Now let’s examine yet another scam, the trading platform Financial Aims LTD. The business offers a simple, in-house app bearing its trademark. There are no cutting-edge tools or features other than trading history. Naturally, the range of charts and indicators matches TradingView, a free charting program.
The other third-party platforms provide the greatest number of TAs, including social trading and trading bots, in contrast to this mediocre software. Thankfully, MetaQuotes Ltd lets you compare it to the Financial Aims LTD platform by offering a testing account straight through their website. You’ll notice the difference right away and cut ties with this dubious broker.
Spreads and fees
Starting at 0.6 pips for the EUR/USD benchmark, the spread is quite large. Some fees lack details but are advertised as low.Conversely, con artists often offer what looks like a great deal in order to entice investors. You will find out after depositing that your entire deposit was pilfered.
Let’s examine the distinctions between the four Financial Aims LTD account types.
Bronze – 1,000 EUR
Silver – 5,000 EUR
Gold – 20,000 EUR
Black VIP – 100,000 EUR
More tradable assets, webinars, and reduced commissions are generated by each account. It is important to keep in mind, though, that legitimate brokers frequently offer Micro accounts with a $10 minimum. The minimum deposit required by Financial Aims LTD is high in comparison to that.
What Trading Assets Does Financial Aims LTD Offer?
The company provides access to the following five significant asset groups:
- Pairs of currencies: AUD/SEK, GBP/NOK, and EUR/USD
- Commodities: palladium, silver, and gold
- DJIA, FTSE100, and S&P 500 indexes
- Tesla, Intel, and BMW shares
- Cryptocoins: USDT, LTC, and BTC.
There are numerous virtual currencies available on the market, and new ones are always being created, despite the fact that Bitcoin and Ether are two of the most well-known examples. These cryptocurrencies are characterized by their digital nature, function on decentralized networks, and offer unique features and applications in the domains of technology and finance.
Is there a Financial Aims LTD demo account?
The business only offers authentic accounts. Put simply, you have to pay to try their proprietary technology. It also won’t be a small amount depending on the account types.
The Financial Aims LTD Demo account is unavailable for good reason. The business doesn’t want you to test the system and find out that everything they tried to sell you over the phone and in their advertisements was a big, fat lie meant to trick you into committing fraud.
Fake DMCA Case
Financial Aims LTD has cunningly disguised their fraudulent activities by employing deceptive Digital Millennium Copyright Act (DMCA) claims. This manipulation of legal mechanisms allows them to hide their true identity, leaving unsuspecting individuals vulnerable to financial deceit. Caution is advised in any dealings with this entity to avoid potential scams and financial harm.
When is a DMCA case faked?
I have come across notifications that utilize the “back-dated article” method. A “fake original” article—a copy of the real original—is created when the wrong notice sender (or copier) creates a copy of a “true original” article and backdates it. At first glance, the fake original article appears to have been published before the true original.
Then, claiming that the copied article is the “original” and that the true original is the one that has been copied or is “infringing,” the copiers send a DMCA to the appropriate online service providers, demanding that the original be removed. The person who gave the false notice takes down the fake original URL in response to the DMCA request, probably to make sure the article is taken down completely. The information that is most likely free speech will be taken down from the internet if the takedown notice is successful.
Please take note of the following information before continuing, as it may be useful when you read the remainder of the investigation by scrolling down:
The original piece appeared on a website in a legitimate manner.
According to the Google Transparency Reports, the Lumen Database records (listed above) clearly show that the DMCAs were filed by a forger.
Let’s see what people say about Financial Aims LTD
Customers who have dealt with Financial Aims LTD do not recommend going for this broker as they were unsatisfied with Financial Aims LTD’s service and people say that the deposit required to open an account with Financial Aims LTD is pretty high compared to other legit brokers, this reason is enough to believe that Financial Aims LTD is not a legit broker.
Conclusion
- If your broker does not answer, it could be a sign that they are not looking out for your best interests.
- Do your research, check for complaints, and read through all the fine print on the paperwork to avoid getting misled by a dodgy broker.
- Before attempting a withdrawal, start a micro account with a tiny amount and trade for a month.
- Your broker may be churning if you observe buy and sell activities for assets that do not match your objectives.
- If you’re trapped with a terrible broker, go over all of your documentation and talk about your options before taking more serious measures.
While traders may blame brokers for their losses, brokers are not always to blame. Before opening an account, a trader should be thorough and research the broker. If the research turns up positive for the broker, a small deposit should be made, followed by a few trades, and then a withdrawal. If all goes well, a greater deposit can be made.
If you are already in a bad situation, you should confirm that the broker is engaging in illegal activity (such as churning), try to get your questions answered, and/or report the person to the SEC, FINRA, or another regulatory body that can take action against them.