Warning: Is Fivoro a Scam?
Do not invest with Fivoro (fivoro.com) until you read this report. It lacks regulation from major authorities.
Fivoro (fivoro.com) Review
Fivoro (fivoro.com) has been flagged as a suspected scam operation.
We found that it is located at 25 North Colonnade London E14 5HD, United Kingdom, the phone number is '+442031399073, and the support email is support@fivoro.com.
Fivoro appears to be a financial provider, but it is not authorized by any major financial regulator, like the ASIC or CySEC.
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Safety Analysis: Fivoro
Our check shows that Fivoro is missing a valid license.
Investing with unregulated firms is very risky. Legitimate firms are must be licensed with agencies like the FINRA or FCA for your protection.
Fivoro lacks this supervision. As a result, there is no safety net if they keep your money. Most investment fraud involve unlicensed actors, and recovering money from them is challenging without expert assistance.
For instance, in the UK, unauthorized firms are not covered by the compensation schemes. In the US, they are not members of regulatory bodies, so your capital is completely exposed.
Common Scam Tactics
Online trading fraud is evolving. Criminals use social engineering to steal wealth. Below are typical methods seen in sites similar to Fivoro (fivoro.com).
Dating App Scams
"Pig Butchering" is a brutal method where scammers groom victims over months. They fake a romance on social media. Once trust is built, they mention a secret crypto opportunity. It is a lie to lure you onto a scam site like Fivoro.
Fake Trading Dashboards
Scammers build websites that look exactly like legit trading apps. You see graphs and balances that increase. But it is a game. The scammer controls the numbers to make you feel rich to deposit more. When you try to withdraw, the "profits" are gone.
Other Warning Signs
- Unsolicited Contact: They call you from "brokers" out of the blue.
- Unregulated: The firm lacks legal registration.
- High Returns: They promise huge profits with no risk.
- Withdrawal Issues: They refuse withdrawals. They ask for "tax fees" first.
- Aggressive Sales: Agents push you to invest bigger amounts.
Ignore positive ratings. Scammers frequently post their own 5-star reviews to look legitimate.
Verdict
We advise against Fivoro. It appears to be a scam. Save your funds and use a regulated broker. Avoid fivoro.com at all costs.
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