FewaTRADE
We checked FewaTRADE against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
FewaTRADE claims to be a licensed and award-winning broker while not presenting any details of its regulation. Lacking regulatory information is the distinctive characteristic of an unlicensed broker, as licensed brokers will always present their certificates and licenses in a prominent position. It is a red flag here. Besides, FewaTRADE shows its company address is in the United States and provides a contact tel number which belongs to the UK. As per relevant law, brokers offering, promoting, or selling financial services or products in the above two countries have to be authorized or registered by the UK Financial Conduct Authority (FCA) and the US National Futures Association (NFA). However, we did not find any match results to this broker in FCA or NFA. The truth is, FewaTRADE is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report FewaTRADE.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.