Freserves Review

About Freserves

The broker operates under the domain freserves.com (formerly financereserve.com), and is not authorised by the Financial Conduct Authority (FCA) or any other recognised regulator. The FCA has issued a warning stating that the entity is a clone of FCA‑regulated firms Henyep Capital Markets (UK) Limited and Plus500UK Ltd (clone), and emphasised the lack of any link to those legitimate firms. The warning is dated 18 December 2020.

The Cyprus Securities and Exchange Commission (CySEC) issued a notice on 8 January 2021 stating that financereserve.com is not authorised to provide investment services. One of the domains used by the broker, financereserve.com, is confirmed in that warning. The subsequent switch to freserves.com suggests domain change after the warning.

Multiple independent reviews describe the broker as operating with ambiguous terms: minimum deposit is reported at €10 000 or $10 000, leverage up to 1:150, lack of segregated accounts and guaranteed funds, refusal of withdrawal requests, and restrictive bonus policies using 40× trading volume thresholds before allowing withdrawals. Clients report being unable to withdraw funds and facing aggressive upselling by account managers.

Pros and cons

Pros

• None verified

Cons

• Operating without any valid regulatory licence (FCA and CySEC warnings for clone/unlicensed status)
• Reported refusal of withdrawals and problematic bonus conditions
• High minimum deposit and excessive leverage
• Reports of aggressive account manager tactics and unresponsive support