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Expand Assets Global Limited is a platform that has swindled hundreds of New Zealand investors. The platform is already facing a stern warning from the Financial Markets Authority. Due to the high complaints, the platform should be seen as a high-risk investment platform. Chances of losing your funds or investment are higher than you ever making any returns. Learn more in our clear EXPAND ASSETS GLOBAL LIMITED REVIEW.
The platform claims to be an expert in matters relating to online CFDs and Forex services. With cutting-edge technology, the platform promises investors nothing else but speedy returns. All this is an effort to make as many users sign up as possible.
There are some red flags on the platform that should make you think twice. First, you should not invest in a platform due to its marketing strategies. Second, most investors sign up hoping to get high rewards in a matter of days.
It’s not possible as a professional will advise you to be patient and do some research. Although the website design looks professional, it’s not close to what they offer. Hundreds of investors who fail to withdraw funds can testify to it.
To get a head start in the forex world, you need to use reliable and transparent investment platforms. These platforms come highly recommended by experts and the forex community. So why don’t you give them a try?
Ea1800.com is a forex investment platform that promises heaven but delivers hell. Those who have had the chance to use it are now ruing the decision. The platform is hell-bent on taking your funds without the audacity to give reasons why.
Before committing funds to any platform, you must conduct due diligence. Make sure you do some research and find out what others are saying about a platform. It will help you know what to expect with a platform before losing funds.
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Expand Assets Global Limited does not mention anything about available investment packages. You also don’t get to read about the available features on the platform. What we do know is that the platform claims to offer personal account managers.
You also don’t get to know the acceptable minimum deposit. In most cases, regulators have set $250 as the acceptable minimum deposit. However, other platforms go as low as $1 as the acceptable minimum deposit.
With ea1800.com, there’s a good reason why they fail to add their minimum deposit. The platform wants to attract all classes of investors. And this means you can deposit $5,000 and get the same account features as the one who deposited $1.
It’s not fair, as you should know what you’re getting for your money before funding accounts. The platform is out of line by hiding such valuable data from investors. It’s best to stay away from such platforms.
Once you sign up with the platform, they will assign you an account manager. Account managers are supposed to guide members into making wise financial decisions. But, unfortunately, it’s not the case with Expand Assets Global Limited.
These account managers are soliciting funds from investors. Instead, you will get a call from them using a different line. The manager will claim to have a lucrative investment option with limited investors on board.
All you have to do is invest in the new option and wait for your funds to double. Unfortunately, those who make the mistake of depositing additional funds get a rude shock. Once you make the deposit, the calls from the account manager cease to exist.
If you decide to contact support, the platform will assign you a new account manager. They replace the account manager and give members false excuses. These include claiming the account manager is on leave, and you have to wait until they return.
Although the platform has a team section on its homepage, something is missing. First, we don’t get to see the names of these team members. Second, no one has made any claims to work for the platform.
And this makes Expert Assets Global Limited an anonymous investment website. Unfortunately, with anonymity comes the risk of losing funds. There’s no way of recovering funds from unknown people.
We don’t know the CEO or CFO of the platform. And this means we are dealing with a ridiculous platform that hides their real identity. These are some of the red flags that most naïve investors fail to spot.
The contact section ensures the platform controls the communication process. You get a section where you leave your contact details and a message board. The contact details give the platform a chance to call you directly.
There’s a live chat tab that doesn’t work. When you hit the send button, your message doesn’t leave the chatbox. It seems a bit flawed if you asked us, as this is their primary engagement avenue. The chat should work at all times.
You won’t get 24/7 support as one would expect in a real investment platform. And this makes ea1800.com one of the worst platforms to hit the scene. So make sure to invest in a platform that is ready to offer support at any given time.
Expert Assets Global Limited is already facing a warning from the Financial Markets Authority. Other reputable regulators in Europe plan to follow suit to protect investors. With the warning already out, it makes no sense to invest with them.
When investing in the forex market, you need to look out for regulation. So go for platforms that are regulated by reputable bodies. These include ASIC, BaFIN, CNMV, and CONSOB. Other reliable regulators include CySEC, FCA, FINMA, FMA, and the SEC.
The above bodies ensure all parties adhere to the strict rules that govern online investment and trading. You will not enjoy any protection if you join an unregulated platform. Platforms such as ea1800.com will often impose unfair trading conditions such as high leverage.
It remains unclear how to fund your account as the platform does not indicate it on their homepage. You must sign up first and then get an email with the deposit procedure. The platform accepts bank and wire transfers only.
Withdrawing funds remains the biggest hurdle facing investors with the platform. Yet, no one has made any withdrawals for the past few weeks. It’s the main reason why the FMA put out a warning relating to the platform.
One of the only interesting features of the platform is offering an MT4 trading terminal. The terminal is seen as one of the best trading tools to have. Therefore, we recommend using it alongside MT5 and SIRIX.
Expand Assets Global Limited does not offer any safety net to investors. Once you deposit funds with them, there’s no guarantee they offer protection. You would expect such a platform to offer insurance cover or negative balance protection.
It’s not the case as the platform fails to meet the strict capital requirement amount. You have to deposit a certain amount with regulators to get a permit for such services. And this is another concrete reason to blacklist the platform.
These are the main reasons why we don’t recommend anyone signing up with ea1800.com.
And now you know the risks that come with using Expand Assets Global Limited.
Make an informed decision and sign up with incredible investment platforms today.
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