FundedFolk Review: A Closer Look at a Potential Trading Scam
Trading with FundedFolk –
FundedFolk bills itself as a contemporary trading prop company that offers traders 100% profit retention and capital support to assist them in being successful. Though this may sound like a great chance for up-and-coming traders, the situation is different in reality
fundedfolk Broker Overview
- Website: https://fundedfolk.com/
- Website Availability: YES
- Address: Kyrgyz Republic, Bishkek, ABDYMOMUNOVA, 257,/(Fact.) Kyrgyz Republic, 720071, Bishkek, Kyrgyzstan
- Warning Notices: Not Recommended By Review Website Like Lycan Retrieve
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Red Flags: Ponzi-Like Structure
FundedFolk operates suspiciously like a Ponzi Scheme, enticing users with promises of quick returns while settling current members using funds from new ones. Such schemes can collapse, and the majority of investors are left with significant losses.
Lack of Regulation
One of the key issues in this FundedFolk review is the lack of regulatory protection. The site is not registered with any legitimate financial authority, which leaves investors exposed and without any official protection or recourse in the event of disputes or fraud.
New Domain and Low Trust Score
The site is given a trust score of only 1 out of 100, indicating a high-risk business. Also, recently registered domains tend to be associated with financial scam activity.
User Concerns and Scam Warnings
Investors logged new complaints alleging unethical practices like being disqualified upon meeting your goals. One user stated, “I made it to Target and they then told me I cheated – still under minimum trading days.
Total scam: Final Thoughts
This FundedFolk review confirms very serious credibility issues. With a rising number of user complaints, a regulatory catch-22, and an abominably low trust score. Investors are advised to refrain from using this scam.
Take Action Today
Don’t wait if you’ve been scammed. To discuss your options and begin your recovery process, contact us for a free consultation. Your financial security is important, and being proactive can help protect it.
At Lycan Retrieve, we work to restore your losses and deliver results. Contact us now to regain management of your finances.
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