Fraudulent educators like this one will stifle a way into the market for many Forex rookies. Excessive course costs that return only the basic internet knowledge can easily burn the investment budget, leaving you penniless in the process.
See the remainder of our Financial Markets Online review to learn more about fake education schemes.
General information | |
Name | Financial Markets Online |
Type of the company | Trading Education |
Regulation status | No regulation expected |
Warnings from Financial Regulators | No official warnings |
Website link | financialmarketsonline.com |
Active since | 2018 |
Registered in | UK (alleged) |
Contact info | 310 Harbour Yard, Chelsea Harbour, London, SW10 0XD
+44 (0) 203 982 6280 info@financialmarketsonline.com |
Trading platforms | N/A |
Majority of clients are from | United Kingdom, India, United States, Philippines, South Africa |
Customer support | Available – email, phone, WhatsApp |
Compensation fund | No |
Who Owns Financial Markets Online Brand?
The educational platform we’re reviewing today is owned by an unknown company, allegedly operating out of the UK. The only search criteria available to us is the company’s alleged UK address.
However, no active firm exists on this address, according to the UK Companies House. Only one inactive real estate business is linked to this address and it was called HAYLE HARBOUR NOMINEE COMPANY LIMITED.
As evident, the only firm ever registered on this address was dissolved in 2017. The situation isn’t any better if we search for an entity with the exact same name:
Since legal documents on the site only consist of one Privacy Policy, we couldn’t find out anything precise on where the company is actually registered and what the name of the parent firm even is. This is certainly not something you’ll see with legit firms like MarketScreener.
We did, however, manage to dig up LinkedIn pages of some of the people shown on the website as members of the leadership team. James Bentley and Samuel Fuller are the co-founders of the project.
The firm casually updates their social networks profiles (Facebook, Instagram) and invites those interested in becoming the next Forex guru to visit their meetings.
Financial Markets Online Reviews – What Users Have to Say?
It seems that the biggest success and pride of this nameless company is their Trustpilot score of 4.9 out of 5 stars. How they got to it is the real question here. Financial Markets Online reviews posted on this site are 97% percent positive which would make even a skeptic rethink their point of view.
Negative reviews make up for less than 1% but they’re surely more informative about people losing money than how the fluffy ones describe the unrealistic services.
Almost flawless rating doesn’t look like much, however, when there’s no other reviews anywhere else online. Also, doesn’t it look a bit suspicious when the company is desperately trying to rub this in our faces by even posting articles on the subject?
The only traces of customer feedback we found on other platforms include Reddit comments. Apparently, users are unified in their opinion that the Financial Markets Online course is just too expensive.
Furthermore, traders agree that free YouTube videos are just as good of a start, as they offer similar amounts of information and learning material.
How Much Does Financial Markets Online Course Cost?
Something we’ve unfortunately grown accustomed to while reviewing countless bogus educators is that they all try to hide the price tag as well as they can.
In this case, the website openly reveals only a single Financial Markets Online price, and it pertains to the Fast Track course.
This comes quite pricey with £100 per month, not including VAT. There is an alleged free trial, but it comes with a pretty nasty GOTCHA! clause that says you’ll have to actually fund your own trial account.
This may indicate that the entire education scheme is actually a marketing ploy for an unlicensed brokerage. The firm never says which software or server the trading takes place on, after all, or whether it happens in a simulated training environment or not.
The 3-day Master Class doesn’t mention any price ranges… Until you proceed to the checkout, that is.
Right off the bat, the course will set you back £3,000 (VAT excluded) – that’s a thousand quid + VAT each day! Guess there’s no Financial Markets Online free trial with this one. This is a far cry from what you’ll see with honest service providers like Block Wallet.
The final card in the fraudsters’ sleeve is the so-called Advanced Trading Course. Here, there is no mention of any pricing, and clients can’t use their Financial Markets Online login or the website to apply for participation. This is how the scheme pumps up the idea of exclusivity in order to slap some humongous cost on their faux product.
Instead, the company’s boiler room agents need to do some brainwashing first. Why else would you need to book a callback for this service, when the website features a 24/7 live chat via WhatsApp?
FAQ
What is Financial Markets Online?
The website belongs to an anonymous company allegedly operating out of the UK and selling Forex trading knowledge.
Is Financial Markets Online Free?
No, not even the so-called free trial comes without strings attached. Everything you see on the site requires one kind of payment or another.
Are There Any Financial Markets Online Complaints?
Only several negative Trustpilot reviews were posted while some Reddit users complain about the price of the products being too high.
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