FlareGain claims to be registered in the UK and to be working with clients in Singapore and Austria, but there are no supporting certificates on its website. In addition, the firm does not disclose the history of the project or its launch date. As for the domain, it was only registered in September 2023. It’s worth noting that the broker has no license, and its activities are not regulated by official financial authorities. However, the firm promises to settle disputes with clients out of court in a private organization Crypto Service Authority.
Can you make money trading forex on this platform? Is it reliable? We will investigate the capabilities of the terminal and study the broker’s documents, after which we will make a conclusion about the safety of this service.
Trading Conditions
FlareGain provides clients with access to trading from the author’s terminal. You can work on a PC or a smartphone. The platform offers various instruments including indices, currencies, cryptocurrencies, commodities, and stocks. According to the Terms, you can trade with a minimum deposit starting from $200.
The broker has developed 7 tariff plans that include trading with leverage, but its size is not specified in terms of account opening. The tariffs are structured by the minimum deposit size. You can choose a suitable one from the following options:
- STANDARD from $250 – Personal Account Coach, Official Platform Presentation.
- BROWN from $3,500 – Personalized trading coach, Training materials for beginners, 1 Trade with insurance, Trading bonus.
- SILVER from $10,000 – Personal Financial Strategy, Training Materials, 4 Trades with Insurance, Trading Bonus.
- GOLD from $25,000 – Senior Personal Finance Coach, 8 trades with insurance, Trading Bonus.
- PLATINA from $50,000 – Extended platform financing, 16 trades with insurance, Trade alerts for orders, Signals for trading, Ordering trading contracts, Access to mutual investing.
- PRO from $100,000 – Premium Trading Bonus, Signals with daily updates, Premium Customer Support.
- VIP from $250,000 – Strategy customized for VIP clients, Personalized specialist for trading, and additional information.
FlareGain runs promotions and gives bonuses to members. You will be able to withdraw bonus funds from your account after meeting the minimum trading volume requirement, which is equal to bonus amount *7 lots.
You can use bank cards or transfers, as well as e-wallets, and change your payment method anytime. The site contains a ticker with currency pair prices, a glossary of key terms, and economic news.
FAQ
Would investing in FlareGain offer the best returns?
Cooperation with an anonymous broker is more likely to result in a loss of money for you rather than earnings. The activity of this company is illegal, as it is carried out without the control of the British regulator FCA, and its trading conditions are not specified in full. Finally, CFD trading is a risky instrument that more often leads to losses.
Does FlareGain carry out withdrawals?
This is an unregulated forex broker that can refuse to withdraw your funds and with impunity without giving a reason. Former clients of the company complain about unreasonable blocking and difficulties in withdrawing money. Please share your trading experience in the comments.
May I be scammed on flaregain.com?
The owners of the site have no license or regulator and pass off some private company Crypto Service Authority as an arbitrage organization. These are signs of a fraudulent platform, as is the cheap interface, and very fresh domain.
What's the best way to share my experience with FlareGain?
Fill out the form and we'll make sure your voice is heard.
How can I tell if flaregain.com is a fraudulent company?
Do your own research and never believe those who promise you easy money.
I'm 47 years old and I've never been scammed before. This is my story. You are attracted by the Flaregain site which offers a new way of wining good and fast money (using AI, leverage process, personalised welcome, etc.). Flaregain quickly gets you making money in passive investments and once you're baited, they offer you more profitable "active" cryptocurrency projects via the Singapore exchange. Briefly you invest in a sum and they add one to create a leverage effect.
Everything's going well so far because the profits can be up to 70% of the amount invested (in my case I put in 4,400 euros to have 12,500 euros after 2 months). You even get a personal adviser who accompanies you throughout the process (with name and e-mail address, website). It gets more complicated when you want to withdraw your money ... you already have to pay 10% of the amount earned to take the money out of the stock market and put it in a secure account. Bizarre ... in short you continue at this stage of the game. Once the money is out, of course it arrives in your Flaregain account. You ask to withdraw it but there's another complication... You have to send it to a completely anonymous crypto wallet (named Guarda). You create an account and send the whole amount to your wallet, hoping to finally get your money back. And there's another problem... you have to pay another €1,500 in ETH to be able to make the transfer of your money in USDC token to your own wallet (Bitget in my case). You start to complain, but they tell you that this is the procedure and that the money is still in "your personal 'wallet', so there's not much risk. Once the new deposit has been made (that's already 2 deposits more than expected) you have to redirect the funds in USDC and ETH to your Bitget account to withdraw euros. And this is the highlight of the show because when you transfer the money to your wallet by copying and pasting your address, it is changed to another (probably with the help of a mower-type malware) and your money is transferred to an unknown wallet. You receive a fake message from blockchain saying that you have to pay a fee of 1,500 euros to release all the funds. After contacting blockchain about this, they confirmed that they would never ask you to pay a fee to withdraw money! Now you know you've been a victim of a SCAM!!!!
A WELL-MADE SCAM THEN BECAUSE YOU PAY CONSTANTLY TO GET YOUR MONEY BACK.
I HOPE YOU WILL READ THIS MESSAGE TO AVOID THE WORST FOR YOU
Um tal chamado de Sr. Roger disse me que me devolvia o dinheiro que investi (250€)
Começou a ter desculpas e mais desculpas pra não me devolver o dinheiro.
Agora simplesmente desapareceu do mapa.
Não existe nenhum Roger e ninguém me devolve o meu dinheiro
É uma empresa claramente fraudulenta, nada séria e andam a roubar as pessoas.
Eu gostava de ter o meu dinheiro que me roubaram.
Don't fall for it like I did.
They deceived me and I invested Eur 6555. They show you big profits on the platform but when you ask them to withdraw your money you can't and they disappear with your money!
I read a post on Instagram promoting crypto coin trading via an automated trading platform called “Immediate Eurax 360 Ai”. I downloaded the iPhone application where it asked me to enter my first name, last name, telephone number and an email and, I did so, after a few minutes I was called from a number in London and they asked me what language I spoke and that I would be contacted by one of their brokers who identified himself with a personal security number and that to start I had to pay Eur 250. On the same day I was called by their Italian-speaking broker who introduced himself as Alessio Cardillo who told me that the platform it was regulated with all the authorizations and that I could have access to my funds at any time, he sent me the link to the FLAREGAIN.COM website and access to the trading platform by email (everything seemed to be done well so I trusted it). He told me that he would invest my CHF in EUR 250 in forex LTC-USD and if the results were sufficient for me we would also make other investments. In the days that followed, the platform showed good performance and Cardillo called me every day with exciting messages about the excellent performance, so he immediately proposed that I participate in a closed-number contract of ETH-USD operations with an investment of EUR 6500 and since ETH was rising in those days I accepted and from there I paid the crypto I had. The thing that had made me a little suspicious was that he made me do everything in crypto and not in FIAT via bank transfer. In 20 days the platform indicated a profit of almost Eur 3000 for which it then proposed that I make another investment for which I had to pay another Eur 10,540 and that they would advance the sum on my behalf. At this point I became more suspicious and asked to withdraw what I had already paid and earned with the previous operation i.e. Eur 10'460 and they with a series of excuses refused to give me the withdrawal so I had confirmation that this is a scam. Since then they no longer respond to my emails, the phone they call from is a number that doesn't exist and I have lost over Eur 6555