It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:
Arincen (Arincen.com) is an Arabic-theme trading platform and faces restrictions from regulators. FINMA is the first of many regulators to issue a warning regarding the use of this firm. Those who signed up with the platform for the past few weeks rue the decision. The platform is blocking withdrawals and imposing harsh trading conditions. To protect investors, regulators have to step in. Find out more in our comprehensive ARINCEN REVIEW.
From the look of things, this was a hurriedly-created website. Navigation is not easy, with information plastered all over the place. It makes it hard to comprehend or fully understand the platform.
What we have is a platform that doesn’t have a clue of what investing is about. And this is the reason why we have to expose the numerous red flags found. Investing with such a platform is heading to financial ruin.
Arincen is claiming to offer the best trading conditions to investors. However, the website has a poor design, and even the available trading platform is a disaster. No one has come out heaping praise on the platform.
You should invest in proven platforms that enjoy the backing of experts. These platforms have been tested and found to be fully transparent. Join leading investors who use coin staking and Masternoding as part of their investment.
Arincen.com, on the other hand, will add nothing but misery to investors. Again, you get a platform that fails to offer investors a chance to enjoy their trading activities. And this is where we must draw the line with such platforms.
Your first step when deciding which platform to use is doing due diligence. Make sure to do some research and find out what others are saying about the platform. Then, try to figure out what makes the platform tick.
Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves Smard.club: 1. You get up to 5% average monthly return on your starting capital. 2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do! 3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away! 4. No upfront payments for the service. 5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget. Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!
Arincen doesn’t mention any types of accounts on their platform. You only get to open a demo or real account. And this means the account features are hidden from investors. Only do you get to know the features after signing up.
We believe the platform is taking advantage of naïve investors. A legit platform will ensure all parties know what they are signing up for. Without disclosing account features, members are signing up blind.
The platform also fails to mention the acceptable minimum deposit. What this means is that the platform may take advantage of investors’ funds. The industry has set $250 as the acceptable minimum deposit.
Avoid platforms that will ask for a higher deposit. Most of them claim, the more you deposit, the higher your chances of winning. Remember that the platform blocks withdrawals, and this is the reason for advocating more deposits.
Once you open your account with the platform, you get to trade with unfair trading conditions. The platform also fails to mention the available leverage and spreads. Any platform offering leverage higher than 1:100 is contravening set conditions.
We also have a problem with how the platform verifies these accounts. You have to send them sensitive information to verify your account. We don’t get why the platform asks for a copy of your ID, bank statements, and credit card information.
There are other ways of verifying accounts which include sending emails with verification links and SMS codes. However, a cyber-security expert warns that such anonymous platforms could be personal harvesting data from investors.
Arincen is not a licensed platform and faces a warning from FINMA. A platform without a valid license may not be your best choice. Such platforms will usually put your funds at risk. You will have to use their trading conditions which are unfair in most cases.
Ensure you use platforms that enjoy the backing of regulators. Such regulators include ASIC, BaFIN, CNMV, CONSOB, CySEC, FCA, NFA, and the SEC. Other notable regulators include CFTC, FMA, FSA, and SFC.
These regulators ensure all parties adhere to strict trading conditions. The regulators also guarantee the safety of funds. As a result, you will trade using fair trading conditions and a sense of security with regulated entities.
There are five classes of trading instruments available on the platform. These include Commodities, Crypto, Forex, Indices, and Stocks. In addition, you can trade leading commodities such as energies, gold, sugar, wheat, and more.
When it comes to Crypto trading, the platform pairs a few leading Cryptos with the US Dollar. You get to trade with Bitcoin, Ethereum, Litecoin, and Ripple. With the Crypto market being volatile, investors can successfully trade with this market.
Forex trading is one of the best ways to invest. And this is why the platform takes this as the leading market. You get to trade exotic, major, and minor currency pairs. Moreover, it gives you a chance to spread your risks with several currency pairs.
You also get to trade leading international company stocks. Members get to trade stocks from the FAANG group and other leading entities. You also had the opportunity to trade with global markets such as DAX, Dow Jones, and the NYSE.
What remains hidden from investors is the people running the platform. And this is one of the many reasons that led FINMA to issue a warning. Without information on who owns or runs the platform, it makes Arincen an anonymous platform.
You should avoid all investment platforms that have a fabric of anonymity. There’s no way of telling who handles funds or is responsible for them. Investors may as well be funding a private venture for the owners.
Instead of availing of live communication channels, members are limited to emails. You can only email support and hope the response comes in time. There’s no phone number listed on the platform, which is a bummer.
Avoid such platforms as it’s clear the owner wants to control the communication lines. It makes it easy for them to contact members directly and not so for members to get them. We have seen this countless times before with offshore-based trading platforms.
There’s a demo account open for traders to test how the platform works. Sadly, the demo account only offers investors a buy or sell option. Thus, it’s not the demo account you would expect from a legit trading platform.
Demo accounts help investors to learn more about the platform. It gives you an idea of the available trading strategies on the platform. Demo accounts also offer users a chance to test the tools for accuracy.
Investors get to fund their accounts using bank and wire transfers. We don’t recommend anyone to fund accounts with platforms facing a warning. It’s what you need to avoid as members are not withdrawing from the platform.
Your funds are far from safe with an unregulated platform. Arincen fails to deposit the minimum required amount with regulators to offer trading services. We also suspect the platform is pooling funds in one offshore account.
Segregation of accounts is not followed, which makes Arincen.com a high-risk investment platform. There’s also no insurance deposit for funds from investors.
There’s no way we would recommend a platform that FINMA blacklists. So watch out for such platforms and avoid them at all costs.
For those looking for proven and safe ways to invest, look no further. Try out coin staking, DeFi, and Masternoding, and it’s the best way to invest.
If you have any queries, feel free to leave a message.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
0 Comments