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FRAAR Review: Questionable Transparency and Dubious Practices Exposed

FRAAR Review

Today we are evaluating a broker in our FRAAR review. From head to toe, we examine the company to help you make more informed decisions. At first glance, this brokerage looks like any other, and many investors could be fooled by the appearance, however, in reality, that is far from the truth. 

They claim to be regulated but after an in-depth investigation, we realize that nothing this broker says is the truth. Find out more by reading on and don’t forget to check out CommSec as a reliable alternative. 

About FRAAR

The FRAAR broker comes from the United States, however, it operates without a license. We wish that were the only red flag we’ve encountered but unfortunately, there are more. The owner of the company is using a paid service to hide his identity, which could indicate spam prevention or worse, a scam. 

Besides claiming to be regulated, they also claim they were established in 2015, which is another one of their lies. Lying about the year of establishment indicates that they want to appear as a company that’s been in the market for a longer time to attract more investors. 

Additionally, the whole company seems fake and established for one goal only; to scam investors. It was suspected that the company was a clone of RV MARKETS LIMITED because they presented another fake regulatory information. 

Things are not looking good for this company so far but keep reading our FRAAR review to learn more. 

Company Type Broker
Legal name FRAAR LTD (Pty)
Regulation Unregulated
Registered in 1700 Broadway, Denver, CO, United States
Established 2023-03-29
Website fraar.com
Financial Authorities Warnings
  • No official warnings
Contacts
If a withdrawal is possible Potential issues;
Fees
  • Hidden fees
If Active on Social Media: No
Investor Protection: None
Activity areas Brazil; India; Portugal; United States;
Main threats Unregulated; Lack of transparency; Misleading claims;
Main perks None! 

FRAAR Regulation

FRAAR LTD (Pty) Ltd is an authorized financial services provider registered with and regulated by the US Financial Crimes Enforcement Network (FinCEN). This is what’s presented on the broker’s website, however, this is far from the truth. 

A division of the US Department of Treasury, the Financial Crimes Enforcement Network (FinCEN) gathers and examines data regarding financial transactions to fight financial crimes such as financing terrorism and money laundering nationally and worldwide.

However, after checking their website, no information about FRAAR was found in the register, meaning that the broker is actually operating without a license and claims to operate differently. When looking for a broker, it’s vital to choose a regulated company like TradeZero and avoid the ones similar to FRAAR. 

FRAAR Features

You can trade various assets with this broker, including forex, indices, energies, precious metals, soft commodities, ETFs, shares, and bond CFDs. CFDs on shares include US, UK, EU, and HK. The maximum leverage the firm may offer is up to 500:1 and the FRAAR trading platform is MT4 or MT5.

Besides providing a platform for trading, there are other features you can expect while trading with this brokerage. Here is a breakdown of what you can expect: 

Trading Tools

  • Expert Advisor 
  • Forex Signals
  • Economic Calendar
  • Forex Calculators
  • MAM/PAMM

Market Analysis

  • Daily Market Analysis
  • Daily Video Update 

Education

  • Learn Forex
  • Educational Videos
  • Trading Central Guide

FRAAR Account Types

There are three account types to choose from including Standard STP, RAW ECN, and Islamic account. Here is a breakdown of what the account types include: 

Standard STP

  • Minimum deposit $100
  • $0 Commission 
  • Platform MT4, MT5
  • Spread from 1.2 pips
  • Minimum trading size 0.01 lot

RAW ECN 

  • Minimum deposit $100
  • Commission $6 (per round turn)
  • Platform MT4, MT5
  • Spread from 0.0 pips
  • Minimum trading size 0.01 lot

Swap-free Islamic

  • Minimum deposit $100
  • Commission $6
  • Platform Metatrader 4 and Metatrader 5 for both mobile and desktop
  • Spread from 0.0 pips
  • Minimum trading size 0.01 lot

Payment Options and Process

The minimum deposit of $100 can be paid through credit/debit cards, bank wire, or popular e-wallets like Neteller or Skrill. The deposit can be made through the Client Portal and it might take some time for the money to reflect in your account. 

Withdrawals are generally processed within 24 hours on the original payment method you used for depositing your funds. If you use a bank wire, it can take up to 3 to 5 business days to complete. There are no fees, however, your bank may charge one. 

Weighing the Pros and Cons

Pros

  • Trading Tools and Analysis: Provides additional tools like Expert Advisor, Forex Signals, and more. 
  • Variety of Tradable Assets: Offers a variety of assets including forex, bonds, metals, energies, etc. 
  • Multiple Account Types: Offers different account types and Islamic accounts.

Cons

  • Unregulated Status: Operates without a valid license, misleadingly claiming regulation under FinCEN.
  • Lack of Transparency: The owner’s identity is hidden using a paid service and presents misleading information about establishment and regulation.
  • Suspected Cloning: Suspected of being a clone of another company. 
  • Potential Hidden Fees: Mentions of possible hidden fees without transparent disclosure.

Can I Make Money While Trading Online?

While FRAAR does offer a variety of features, assets to trade with, educational material, and more, it is a threat to investors. The broker is misleading traders into believing that they are a regulated entity, despite operating without a license. 

Choosing a regulated broker is imperative for success among many other factors, so make sure to proceed with caution if you stumble across a broker you know nothing about. However, what if we tell you that you can avoid relying on shady brokers and become the decision-maker? 

With AI.F, you can skip years of education and dive right in. After you learn how to implement the valuable insights the bot provides, you can start trading profitably and hassle-free. 

To learn everything about the great features AI.F offers, give us a call and embark on your trading journey knowing you’re dealing with a reliable and reputable tool. Before you commit, try it for 14 days for free and experience the bot firsthand. Call us right now and become a profitable trader! 

FAQ Section

What is FRAAR?

FRAAR is a brokerage company trading in CFDs, indices, commodities, and more, which is based in the United States.

Is FRAAR a Regulated Broker?

Despite the claims that FinCEN regulates them, the broker is operating without a valid license.

How to Withdraw Profits from FRAAR Account?

Withdrawing your profits might be harder than you think; considering the unregulated status. In case there are issues, we advise reporting the broker to the authorities or law enforcement.

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