Is Strikingly.com a Legitimate Trading Platform or a Scam?
In the world of online trading, it is crucial to discern between legitimate platforms and potential scams. This article evaluates Strikingly.com, focusing on its legitimacy and whether it poses risks to traders.
Company Overview
- Company Name: Strikingly
- Website: strikingly.com
- Registered Country: Unknown
- Regulation Status: Unregulated; claims of regulation are misleading.
- Operating Since: 2012
- Trading Platforms: WebTrader (no MT4 or MT5 available)
- Leverage Offered: Up to 1:500
- Minimum Deposit/Deposit Bonus: Minimum deposit of $250; no deposit bonus mentioned.
- Available Assets to Trade: Forex, Crypto, Commodities, Indices
- Demo Account Availability: No free demo account offered.
- Customer Support Contact Methods: Email and live chat.
Red Flags Indicating It is a Scam
Unlicensed and Unregulated
Strikingly.com claims to be regulated but lacks licensing from any reputable financial authority. This raises significant concerns about its legitimacy.
Misleading Information
The platform may falsely assert connections with legitimate regulated entities, which can mislead potential traders.
Fake Reviews and Testimonials
There are indications that Strikingly uses paid or fabricated reviews to enhance its reputation online.
Withdrawal Issues
Numerous user complaints highlight difficulties in withdrawing funds, a common red flag for scam platforms.
Lack of Demo Account
The absence of a free demo account limits users’ ability to test the platform before committing real funds.
Trading Platform and Conditions
Strikingly offers a proprietary WebTrader platform rather than established options like MT4 or MT5. The leverage offered (up to 1:500) poses high risk for traders. Users have reported issues with spreads and commissions that are not transparent, raising concerns about the platform’s reliability.
License and Regulatory Issues
Evidence suggests that Strikingly is not licensed by any recognized regulatory body such as the FCA or CONSOB. Legal warnings have been issued regarding unregulated brokers like this one, emphasizing the risks involved in trading with them. Additionally, there are false claims regarding affiliations with legitimate brokers that further undermine trust in this platform.
User Feedback
Common complaints from users include withdrawal difficulties and poor functionality of the trading platform. Many traders report frustration over their inability to access their funds after making deposits.
Deposit and Withdrawal Methods
Strikingly offers limited deposit/withdrawal options which have been problematic for many users. Complaints often center around delayed withdrawals or outright denials when attempting to retrieve funds.
Why Unregulated Brokers Are Risky
Dealing with unlicensed brokers like Strikingly poses significant risks including loss of funds, lack of legal protection, and heightened chances of fraud. Traders should be aware that they may have no recourse if issues arise due to the absence of regulatory oversight.
How to Get Help if You Are Scammed
If you believe you have been scammed by Strikingly or similar platforms, consider services like Reportscammedfunds.com for chargeback assistance, legal support, and fraud reporting aimed at recovering lost funds.
Conclusion
In conclusion, it is advisable for traders to avoid Strikingly.com due to its unregulated status and misleading practices. Opting for properly regulated brokers ensures better security for your investments. If you’ve already fallen victim to this platform’s tactics, seek legal help immediately or report your experience through appropriate channels.
