CarterFS Review Scam Complaint
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CarterFS which means Carter Financial Services that offers trading in forex and binary options. The broker CarterFS is not a regulated broker and is somewhere related to shady broker brands and its website is also pretty much same as theirs. CarterFS is one of the numerous brands of SolutionsCM Ltd. The broker has not provided relevant details about its trading conditions, facilities and accounts that it provides to its clients. It is recommended to go through the full review about this broker before investing with them.
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About the CarterFS:
CarterFS is an unregulated offshore broker that doesn’t mention any information regarding how many and which type of accounts it offers for trading. The broker offers a good leverage ratio of 1:200 which is near the industry’s average. This broker has an advantage, provided that it is not a scam, which is it offers very broad range of terms of assets available for trade. CarterFS’ product portfolio includes a number of currency pairs, as well as a plethora of CFDs. CarterFS has provided an address based in Moscow, Russia, but the fact is it is one of the numerous brands of SolutionsCM LTD which is a shady company that operates out of Bulgaria. Important to note that Forex and CFD brokers in Bulgaria need to be regulated by the Bulgarian Financial Supervision Commission (FSC), or another EU financial regulator, but this company isn’t.
The broker has not disclosed its trading conditions and this is always an issue with forex brokers, as it shows loophole in their commitment and transparency. Besides, lack of essential trading information on a company’s website is a typical sign of an investment scam. Just like all of the other brands of SolutionsCM Ltd., CarterFS also offers its services on a web based trading platform, which is only simplified and lacks many standard features, available with classic trading solutions like the MetaTrader4.
Is CarterFS legit or scam?
CarterFS is one of the brands of SolutionsCM Ltd which is an unregulated company and known in the trading industry for its scam and shadiness. Moreover, this company is under the investigation of several financial regulators. Even, the Italian and Maltese financial watchdogs have warned the public against SolutionsCM Ltd. Therefore, there is no doubt that the intentions of CarterFS are not good and it is a scam company which lures traders with its offerings. Therefore, be aware of this scam broker.