Firedexen Review – Can Expectations Match The Reality?

The first inconvenience about this company is the lack of ownership information. Not to mention that every part of the Firedexen website requires registration. Therefore, many of the conditions, legal documents and support features remain locked.

Yet, the company expects newbies to blindly trust them and register with them. Not the best way to start the business. In any case, our honest Firedexen review will show you why you should forget about this investment firm.

Legal info: Is Firedexen Legit or a Scam?

The company has a section showing regulatory license. Yet, the page doesn’t contain even a single detail about regulations. Since they don’t reveal the headquarters address either, it’s hard to choose where to start.

Nevertheless, experienced investors mainly look for top-tier licenses, such as FCA, BaFin or ASIC. This is primarily because of the highest security standards and funds protection measures. However, Firedexen company is not listed in any of those. Not even in any Digital Asset Service Provider register.

Who are Firedexen victims?

Research in who.is about the company’s domain reveals they only exist since May 2023. Not something that represents credibility. Of course, nothing would be questionable if they were properly regulated. Since they are not, it’s not surprising they are mainly scamming traders from:

• Turkiye
• Azerbaijan
• Ukraine

We encourage you to share your opinion with us as well. Ultimately, our refund experts can advise you about the options for getting your money back.

Traders Reviews

So far, Trustpilot reviews are not promising. Nearly 50% of the comments reveal scam signs. Even though, you can see only 6 comments, that’s not a good start. Of course, everything is questionable without regulations. Even those reviews, regardless of the rating.

The main issue with this broker is freezing customers’ accounts and funds. But what’s your experience with the exchange? Feel free to contact us for a free consultation.

Leverage, Commissions, Spreads, Fees and Taxes

Important to realize is that fees and commissions are hidden from the public. Instead, you have to register and there’s no option of a demo account. 

As for the leverage, the company promotes 1:5 leverage for experienced traders. But without any funds protection measure, it can be extremely risky.       

Firedexen Trading Features

All trading options are related to cryptocurrencies. But also, there are few innovative options. Still not reliable due to a lack of regulations. 

Some of the most attractive features are instant swap and P2P trading, but also DeFi staking and Firedexen Visa card. Of course, other standard crypto exchange features are available.

Trading Platforms Available

As for the software, the company offers a proprietary platform. Sadly, it is web-based.  Besides standard exchange platform, you can also use copy trading and bots.

However, without transparency, it’s hard to determine if the platform is reliable or not. Just be aware of platform manipulations and contact us immediately if you experience any problems.

Available Trading Assets

Of course, the company advertises the most attractive crypto assets. Yet, without an adequate license, the reliability of the data becomes questionable. Anyway, some of the options are:

• Bitcoin
• Ethereum
• Binance
• Tether
• Solana

Account Types

In fact, Firedexen firm doesn’t have specific account types. Yet, they offer fixed returns for staking, which depends on the investment period and amount. In general, not something you can trust without a license.

Mobile Trading App

Even though the company offers a wallet option, there are no dedicated mobile apps. That’s one more reason not to trust this investment firm. 

Instead, you should opt for a Tier 1 licensed company that offers reliable and widely present mobile apps. To understand the main benefits, read our Neo Omatic review.

Demo Account

Without transparent access to the platform, nobody can test any of their advertised services. Generally speaking, a demo account is a significant benefit for newbies.  Yet, with this company that’s not a part of the offer.

Education

Important to realize is that the company doesn’t have any educational program. Therefore, you are on your own. Whether to analyze the platform or learn about crypto. Instead, you can choose other brokerages with live sessions and webinars.

Firedexen Withdrawal

One of the biggest mysteries is the Firedexen withdrawal policy. The company doesn’t reveal any important details about withdrawals. Very often it’s a sign you can forget about withdrawals. Primarily because the broker can manipulate customers with fake requirements. Similar to activities seen in the SPMarket24 review.

For instance, to withdraw profits with certain methods, non-existent fees or verification issues. After all, accounts get frozen and they vanish from your life.

Customer Support

Even support and contact options are hidden. Everything leads to registration where you leave the contact details to this company. The only lead to their contact features is visible in the Newsletter section where the company promotes the Telegram app. Yet, none of the other options or working hours are revealed.

Key Information To Consider About Firedexen?

Everything about this company is questionable. In the first place because of missing regulations. Therefore, you can expect a whole lot of manipulation from their side. Starting with their unknown platform, trading conditions and withdrawals.

Generally speaking, you can’t expect anything positive from such an anonymous company. We would like to hear your opinion about this firm. But also to assist you with refund options if you were having any issues with them. Most importantly, once you contact us you don’t have any obligations. On top of that, the first meeting is free of charge. So, get in touch already today and book your meeting.

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