FlareGain operates in several jurisdictions: the United Kingdom, Austria, and Singapore. At least, these are the countries listed in the contacts, but there are no registration documents or other confirmations. The firm operates under the control of the unknown regulator Crypto Service Authority, which also raises suspicions. Meanwhile, the company promises to upgrade your trading skills, provide professional assistance and help to its clients, offer flexible funding, and a secure environment. However, all these are just words, without evidence. So can the platform be trusted? Online reviews do not answer this question.
How to Trade
Trading can begin with a minimum deposit of $250, while there is no demo account here. Traders can increase volumes through leverage, but no more than 1:200.
The company has developed 7 types of accounts, which differ in the required deposit, conditions, and the set of additional services. FlareGain provides users with a personal trainer, introductory materials, bonuses and insured deals, and the development of plans and strategies, including investment ones.
Leverage up to 1:200 and huge spreads indicate the absence of regulation by a strict and state financial supervisory authority. After all, such regulators prohibit such leverage and bonuses.
FlareGain Vital Info
The exact founding date of the firm is not specified. The attached link to the CSA regulator indicates the date of license acquisition in 2023. Additionally, FlareGain’s short operation period is confirmed by the absence of reviews on the internet and a young domain, which only appeared on September 22, 2023. Incidentally, how did the platform get a license in April if the website only appeared in September?
NewsIn July 2024, this broker operates on the domain flaregain.io. Beware!
Despite the indicated offices in the United Kingdom, Austria, and Singapore, the project lacks licenses from state financial commissions. However, they should have them, as brokerage activities in these jurisdictions are under serious supervision.
Regarding regulation by the Crypto Service Authority, this is a suspicious financial commission, with no information available on the internet. FlareGain also has a young domain, and the contact information is entirely fake.
FAQ
What are the key facts about FlareGain?
The broker shares addresses of offices in three countries, but at the same time, it is not regulated in any of the stated jurisdictions, although this is a mandatory condition for conducting legal activities. On the official website, there is a link to a license from the unknown regulator Crypto Service Authority, which apparently is fake. In addition, the founding date is not disclosed, but the domain is young, meaning the platform was launched recently. The business model is also unknown, but it is quite logical to assume that it is a dealing desk with a conflict of interest.
What's the risk to my wallet when working with this broker?
FlareGain operates illegally, so the most fundamental risk for traders is the loss of money. The platform can manipulate quotes, as they are artificial, since client transactions are not routed to interbank liquidity. However, the main problem lies in the impossibility of withdrawing funds. This includes blocking or freezing accounts, or simply ignoring the user when requesting a money withdrawal.
How can I give my thoughts about flaregain.io?
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The Goods & The Bads
Not found.
Illegal activity, as there are no licenses.
The indicated office addresses in several countries are highly questionable.
It started operating quite recently.
Inadequate and partially hidden trading conditions.
Conflict of interest, because the firm operates on a dealing desk business model.
I wish I hadn’t gotten into the FlareGain scam, as the fraudsters left me without money. I gave them $1200, and now I can't get anything back. I thought I could trade profitably in the financial markets, but no, the platform turned out to be fake and artificial, so any movements on it are absolutely meaningless. Charts are rigged in such a way that traders only lose their deposit, without any possibility of earning something. You can't withdraw money from the platform, such an option is closed. The scammers ignore customers, including me, not answering questions and not providing information about what's happening and whether withdrawal requests will be processed successfully.
I agree with the negative reviews about Flaregain. I can also confirm that the company's activities are illegal, and the creators deliberately remain anonymous because they are engaged in criminal activity. Moreover, I want to say that this is a serial fraudulent project. That is, there is not just one flaregain.com site, but several, but with different names. However, the essence is the same - everywhere there are scams. So remember what this fraudulent resource looks like, and don't even think about investing in similar ones.
Ah, if I could permanently delete a website from the internet, www.flaregain.com would have been gone long ago. These are just ordinary scammers who created an artificial brokerage platform to deceive people. Experienced traders don't fall for it, but beginners very easily do.
Depositing funds works, but withdrawing does not, so there's no point in trading. Even if you earn 100000%, you still won't be able to withdraw your money.
A gathering of fraudsters and swindlers who stole $5000 from my mother. They duped a woman out of money! They promised her huge income, claiming she could build capital for her retirement, supposedly they would provide a professional trader from the company who would teach her to trade in the financial markets and give signals that would bring millions of dollars in profit. In the end, there are no signals, no experienced traders, and no money. Mom kept this secret, but I found out because she started feeling bad. These scoundrels don't care whom they swindle, so you should know the truth about FlareGain. PATHETIC SCAM, SWINDLING PEOPLE OUT OF MONEY. PEOPLE, DON'T FALL FOR THIS NONSENSE!!!
Trading here is just terrible. FlareGain has huge spreads, and you also have to pay a commission. The trading platform is primitive, I haven't seen a more primitive terminal. Why not add the standard and popular MetaTrader? Some kind of junk, not a terminal. The conditions are unfavorable for trading, technical support is absent, and the stated advantages are not provided. They lied to me that I would get help from a personal manager, educational materials, and much more. In reality, none of this exists.
I do not advise trusting companies without a license... such brokers deceive more often... and here there is no license... their paper from some CSA is only good for wiping...
Can anyone help me? I gave $3,500 to scammers from flaregain.com, but I want to get my funds back, and the company does nothing. I filed a request, but it's not being processed. How do I get my money back?
Is the withdrawal not working for everyone? Five days have passed, but there has been no response from technical support. The money is still in the balance as it was. The withdrawal somehow doesn’t work.
I give them 1 point, because there is no adequate service here, and there are no guarantees of reliability. Firstly, where is the demo account type? Why can't I register a demo and try out how the platform works with virtual funds? Any popular and adequate platform allows this. Secondly, where is the regulation? I checked the FCA and MAS registries, and found nothing. Is it normal that you don't have a license? I hope the representatives of Flaregain will read my review and provide answers, as well as improve the situation for the better.
So far, I don’t see why you should open a brokerage account here. What's the point? What is the unique advantage over other firms? Which, by the way, are more well-known and popular. And about this organization, there are only a few reviews on the internet.
The broker showed itself to be average, so I can’t praise it, but I can't criticize it either. A quite standard and typical trading platform is available here, without any extravagances and super-features. It has everything necessary, for example, technical analysis, pending orders, indicators, and so on. Order execution is good and of high quality. The size of commissions and spreads is not big but not small either, rather average, like the company as a whole.
I have put off trading through FlareGain for now because there are more advantageous firms. But it might be good for someone else, so as an option to try your hand in the financial market - okay. If I were the broker, I would update the platform, add more assets for trading, and also lower the minimum deposit, because $250 is a lot.
Do you want to get a sad and negative experience? Then welcome to FlareGain. You won't be able to withdraw money because such an option doesn’t work here. You also won’t be able to earn a profit, as the platform is set against traders. The trading conditions are so unfavorable that even the most experienced trader will be unprofitable. The best thing you can do is find a real brokerage company where you can safely trade and not worry about the safety of your deposit.
I am just speechless. The fraudsters turned out to be smarter than me because I gave them $1K, thinking of profitable cooperation and earning on CFDs. But after transferring the money, FlareGain stopped contacting me, and the money never appeared in the balance. Cool scam, but very upsetting. You can't even go to the police because the transfer was made using cryptocurrency.
It's a pity that FlareGain does not disclose detailed details regarding conditions. They have many additional services, but they are not as significant as spreads and commissions, which are not discussed. Also, I would like to add about regulation. Their regulator is strange because I am seeing it for the first time, and the domain was created in 2023, and the email I wanted to write to turned out to be fake. This is a very negative factor. I'll give 2 points for interesting opportunities, but I can't recommend opening an account here.
I wish I hadn’t gotten into the FlareGain scam, as the fraudsters left me without money. I gave them $1200, and now I can't get anything back. I thought I could trade profitably in the financial markets, but no, the platform turned out to be fake and artificial, so any movements on it are absolutely meaningless. Charts are rigged in such a way that traders only lose their deposit, without any possibility of earning something. You can't withdraw money from the platform, such an option is closed. The scammers ignore customers, including me, not answering questions and not providing information about what's happening and whether withdrawal requests will be processed successfully.
I agree with the negative reviews about Flaregain. I can also confirm that the company's activities are illegal, and the creators deliberately remain anonymous because they are engaged in criminal activity. Moreover, I want to say that this is a serial fraudulent project. That is, there is not just one flaregain.com site, but several, but with different names. However, the essence is the same - everywhere there are scams. So remember what this fraudulent resource looks like, and don't even think about investing in similar ones.
Ah, if I could permanently delete a website from the internet, www.flaregain.com would have been gone long ago. These are just ordinary scammers who created an artificial brokerage platform to deceive people. Experienced traders don't fall for it, but beginners very easily do.
Depositing funds works, but withdrawing does not, so there's no point in trading. Even if you earn 100000%, you still won't be able to withdraw your money.
A gathering of fraudsters and swindlers who stole $5000 from my mother. They duped a woman out of money! They promised her huge income, claiming she could build capital for her retirement, supposedly they would provide a professional trader from the company who would teach her to trade in the financial markets and give signals that would bring millions of dollars in profit. In the end, there are no signals, no experienced traders, and no money. Mom kept this secret, but I found out because she started feeling bad. These scoundrels don't care whom they swindle, so you should know the truth about FlareGain. PATHETIC SCAM, SWINDLING PEOPLE OUT OF MONEY. PEOPLE, DON'T FALL FOR THIS NONSENSE!!!
Trading here is just terrible. FlareGain has huge spreads, and you also have to pay a commission. The trading platform is primitive, I haven't seen a more primitive terminal. Why not add the standard and popular MetaTrader? Some kind of junk, not a terminal. The conditions are unfavorable for trading, technical support is absent, and the stated advantages are not provided. They lied to me that I would get help from a personal manager, educational materials, and much more. In reality, none of this exists.
I do not advise trusting companies without a license... such brokers deceive more often... and here there is no license... their paper from some CSA is only good for wiping...
Can anyone help me? I gave $3,500 to scammers from flaregain.com, but I want to get my funds back, and the company does nothing. I filed a request, but it's not being processed. How do I get my money back?
Is the withdrawal not working for everyone? Five days have passed, but there has been no response from technical support. The money is still in the balance as it was. The withdrawal somehow doesn’t work.
I give them 1 point, because there is no adequate service here, and there are no guarantees of reliability. Firstly, where is the demo account type? Why can't I register a demo and try out how the platform works with virtual funds? Any popular and adequate platform allows this. Secondly, where is the regulation? I checked the FCA and MAS registries, and found nothing. Is it normal that you don't have a license? I hope the representatives of Flaregain will read my review and provide answers, as well as improve the situation for the better.
So far, I don’t see why you should open a brokerage account here. What's the point? What is the unique advantage over other firms? Which, by the way, are more well-known and popular. And about this organization, there are only a few reviews on the internet.
The broker showed itself to be average, so I can’t praise it, but I can't criticize it either. A quite standard and typical trading platform is available here, without any extravagances and super-features. It has everything necessary, for example, technical analysis, pending orders, indicators, and so on. Order execution is good and of high quality. The size of commissions and spreads is not big but not small either, rather average, like the company as a whole.
I have put off trading through FlareGain for now because there are more advantageous firms. But it might be good for someone else, so as an option to try your hand in the financial market - okay. If I were the broker, I would update the platform, add more assets for trading, and also lower the minimum deposit, because $250 is a lot.
Do you want to get a sad and negative experience? Then welcome to FlareGain. You won't be able to withdraw money because such an option doesn’t work here. You also won’t be able to earn a profit, as the platform is set against traders. The trading conditions are so unfavorable that even the most experienced trader will be unprofitable. The best thing you can do is find a real brokerage company where you can safely trade and not worry about the safety of your deposit.
I am just speechless. The fraudsters turned out to be smarter than me because I gave them $1K, thinking of profitable cooperation and earning on CFDs. But after transferring the money, FlareGain stopped contacting me, and the money never appeared in the balance. Cool scam, but very upsetting. You can't even go to the police because the transfer was made using cryptocurrency.
It's a pity that FlareGain does not disclose detailed details regarding conditions. They have many additional services, but they are not as significant as spreads and commissions, which are not discussed. Also, I would like to add about regulation. Their regulator is strange because I am seeing it for the first time, and the domain was created in 2023, and the email I wanted to write to turned out to be fake. This is a very negative factor. I'll give 2 points for interesting opportunities, but I can't recommend opening an account here.