Syeti Review: Syeti.org is an Absurd Broker

Syeti claims it is one of the leading brokers in the market. The platform deals with stocks, cryptos, and forex investment services. They want investors who have a high-risk appetite to join them. In return, the venture will help the clients retire early. Be wary of offshore schemes that promise you quick riches without disclosing their trading technique. 

Other scammers have overly used the sales pitch the website used before them. The venture claims it is offering the best educational program in the industry. However, we did not have the liberty to check out the course outline. This is because there is no learning material in the first place. 

Scammers try their level best to remain relevant in the industry. Syeti is praising its research mechanism by claiming it has the best services. However, we are yet to see how the entity is performing. Investment is all about the numbers, and without them, we cannot endorse the scheme.

They are also involved in margin trading. The company does not provide sufficient trading data regarding its operation. They even claim to be an award-winning venture. We’re more interested in knowing the organization that recognized them in the market. Nobody in their right mind would make you trade with Ponzi schemes. 

Syeti.org Review

Syeti is only talking about high returns. However, they do not discuss the trading drawback. You cannot only be making profits. Investment has both sides of the coin. What legitimate schemes try to minimize the risks while maximizing the returns. 

The broker praises its trading software. It allegedly can execute trade fast. However, we were disappointed to learn the company only has a web-based trader. The venture’s main target audience is novice traders. These are individuals that have inadequate trading knowledge. They will manipulate them using false promises. 

Syeti is the kind of enterprise that will use adverts to trap more victims. They will promise you high returns and ideal trading conditions. However, the reality is there is no trading happening on their website. The sales rep will give you endless phone calls when you share your contact details. 

They never give up, and considering they are tactical scammers, you fall for their narrative. The moment you cash in, the same friendly individuals will become aggressive. They will cut you off, and your funds will be trapped in their system. Trade with regulated companies to enjoy better trading conditions.

Trading Conditions of Syeti

Syeti is offering a recommendable web trader interface. Rookie traders can use the platform to familiarize themselves with the trading activities. However, professional traders might find the interface worthless, especially if they are used to automatic trading.

The MetaTrader software is famous due to its advanced features. Clients can use VPS to keep track of their orders. Additionally, they can also utilize advanced indicators and charts. You can keep track of all your orders and access various markets. 

Syeti spreads are horrifying. The EURUSD currency pair offers a spread of 3.5 pips. It will be expensive to open trade. Additionally, there are no huge returns. The market standard for spread is 1.5 pips. You will only be making the con artists rich by trading with their offshore company.

The leverage is also not conducive. The firm has a cap of 1:400. The limit is far beyond what the financial bodies authorize. This tells you the platform is not abiding by the set jurisdiction. 

Syeti.org Withdrawal and Deposits 

Syeti is a worthless expensive investment scheme. The venture takes capital of $1000 as the minimum deposit. Investors can find reputable brokers that accept at least $250 and below. The payment methods include; MasterCard and Visa. We cannot verify whether the listed payment methods are indeed what the broker is accepting. 

However, if this is the case, then customers are lucky as they can issue a chargeback from up to 540 days. The platform has bonuses. Once you make a deposit, you qualify for the incentives. However, these are not meant to make you rich. Investors should execute a trading volume of 30 times the bonus to withdraw the funds. 

The money legally belongs to Syeti. Legitimate schemes do not have such enticing deals. The authority is against them having such terms. Instead of wasting your money with a proven scam, you should search for a transparent firm.

Customer Support and Contact Details

Syeti is a broker that expects investors to share their contact details. However, the scheme is operating anonymously. Nobody can pin down their location. The Ponzi scheme uses a randomly generated office address. They cannot risk exposing their actual area of operation. 

Their victims and authorities would track them down. Fraudsters tend to ask customers to verify their account using an ID and proof of address. Considering you are dealing with criminals they can steal your identity. 

Syeti lacks sufficient funds to provide quality support services. They are also involved in murky business and it is pointless to waste money hiring professionals. Their sales reps do their dirty biddings.

Regulatory Status of Syeti

Syeti is a company that claims to originate from the United Kingdom. The broker does not reveal any information regarding its regulatory status. Moreover, based on the trading conditions of the entity, we are not surprised it does in the database of the Financial Conduct Authority. The leverage is extremely beyond what the agency approves.

The scheme is also offering bonuses to customers. The financial regulatory body of the UK does not allow schemes to offer such lucrative. Instead of disclosing the investment scheme behind their business, the broker leaves an incomplete statement. They cannot even trust investors with their real office addresses. 

Syeti is a completely anonymous company. They, however, claim to have a registration form from Slovakia. The certificate does not mean much since it is cheaply and easily acquired. If the venture decides to exit the market, traders will not receive compensation today.

There are multiple advantages for traders that invest with licensed brokers. For instance, a company cannot receive a license without depositing significant capital. The money proves the scheme can withstand volatility without facing bankruptcy. The terms and conditions are extensive and clearly outlined. 

Companies must also report their daily transaction report to the authority. You will never hear of price manipulation when dealing with licensed firms. Additionally, they have contact details, and information about their expertise is readily available.

Customers also enjoy negative account balance protection. The trading conditions minimize the risk that comes with trading. We recommend you stay away from offshore schemes as their sole intention is to defraud clients. They also exit the market prematurely, and it is impossible to track them.

Final Verdict 

Syeti is an exposed scam. The platform is not following the rules of financial bodies. They are also operating in a mysterious destination. You may think the trading conditions of the schemes are ideal. However, the scheme will gain when you make losses. There is no customer support, and if you face any challenge, you will have to resolve the issue by yourself. 

Here is a list of some of the best forex trading entities. The companies are genuine and transparent. They also process the withdrawal process in time. They also guarantee the safety of funds and data. Try them today and earn a real passive income. 

Are the trading conditions of Syeti favorable?

No, the scheme exposes traders to severe risks.

Does Syeti have a license?

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?

The only thing you can get from Syeti is huge losses.