Fundiza – Broker Tries to Hold Funds With Extreme Terms

Fundiza Ltd operates the eponymous broker, Fundiza. The broker has both CFDs and forex for traders to choose from. They run their operations out of St. Vincent and the Grenadines. The popular offshore haven is a common choice for unregulated brokers. Without effective financial oversight, the brokers there can essentially take any action without repercussions

Former Clients Speak Out Against Fundiza

It’s common for past clients to leave online reviews of brokers they trade with. Similar to the broker Coin2FX , the Fundiza reviews found online are all highly negative. Traders complain about the quality of the signals and advice that the broker provides. Despite claiming to offer premium signals, traders find their offerings mediocre.

FCA Joins In Condemnation of Fundiza

In addition to past customers calling them the Fundiza scam, financial regulators are also generally unfavorable towards the broker. A September 2020 statement from the UK’s FCA says that the broker has been offering services there without the proper, or any, authorization. These warnings are explicitly stating that traders should stay away from Fundiza.

Absurd Minimum Deposit

Without a doubt, Fundiza’s minimum deposit is truly shocking. The broker has the audacity to set their minimum at $5000. This is 20 times that standard $250. Anyone giving the broker a chance stands to lose substantial funds. It’s already clear that many traders are unsatisfied with their premium offerings. The broker does have a very wide selection of assets, over 500. They have over 50 forex pairs and hundreds of CFDs across stocks, commodities, and more.

Genuinely Obscene Client Terms and Conditions

Fundiza has a number of terms and conditions that are well beyond what any trader would agree to. The broker reserves the right to put a limit on the withdrawals for an account. Basically, the broker can block withdrawals as they please. In addition, there are inactivity fees that slowly drain accounts. The crowning achievement is the stipulation that traders are not allowed to make any public statements about the broker and that they might face a $100 reputational damage feed.

Holding Your Funds Isn’t Right – We Won’t Allow It

Offshore brokers are beholden to no one. They do whatever they want, justifying it with the absurd fine print in their terms and conditions. If you missed regulator warnings and signed up with an offshore broker anyway, it still might not be too late. You can contact us today to implement a powerful strategy to recover your funds.

Problem with withdrawing funds 

Once we had a chance to check more information in Fundiza reviews by investors, we were stunned. The broker asks clients to deposit an insane amount of $5,000 (no, this is not a mistype). In return, you are getting a proprietary web trader, too high leverage, and no information related to fees and commissions.

According to many clients, this broker has the same pattern – extorting money until you ask for a withdrawal. Once you do it, your account is suspended, and you will never see your money again.

Do not fall for the Fundiza scam.

Scammed by Fundiza?

If you were misled or scammed by a Fundiza broker, report it immediately. File a dispute and request a chargeback. It’s the only way for you to get money back from an unregulated brokerage. Unfortunately, you are not the only victim of the Fundiza scam. Contact our support team via chat, book your free consultations and get all the information about the procedure.

Do not let the scam broker go away with your hard-earned money!