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Showing posts from May, 2022

Cresen Review: 5 red flags about cresenltd.com

 If the claims on the Cresen website are to be believed, this is an established forex broker based in a leading financial centre. But if you believe these claims without verifying them and entrusting your money to Cresen, you will end up getting scammed. This website is actually yet another online scam disguised as a financial services provider. In this review, we will show you how to differentiate the scams from the trustworthy brokers, using the Cresen as an example. Cresen Regulation Guaranteed Funds Segregated Accounts Negative balance protection Cresen ❌ ❌ ❌ UK regulated brokers £85 000 Yes Yes EU regulated brokers €20 000 Yes Yes AU regulated brokers No Yes Yes US regulted brokers Yes Yes No The first thing to look for in a forex broker’s website is which legal entity runs it, where it is based and what regulatory oversight it is subject to. Licensed companies are also required to provide a comprehensive set of legal documentation. Cresen is anonymous. Judging by the domain a...