Falcon Broker Review – Another Creation From a Known Offshore Scammer

This company has all the hallmarks of a fraudulent entity. It was created by a known group of financial swindlers, and its license is issued by a notoriously loose offshore regulator.

Read our Falcon Broker review to learn more about cryptocurrency scams and how to best avoid them when trading.

Broker status:	Offshore Broker
Regulated by:	MISA
Operating Status:	Active crypto trading scam
Known Websites:	falcon.broker
Blacklisted as a Scam by:	N/A
Owner:	Future Finance Services LTD
Headquarters Country:	Mwali
Foundation Year:	2023
Online Trading Platforms:	N/A
Mobile Trading:	N/A
Minimum Deposit:	2,000 USDT
Deposit Bonus:	N/A
CFD Trading Option:	N/A
Crypto Asset Trading:	N/A
Available Trading Instruments:	N/A
Maximum Leverage:	N/A
Islamic Account:	N/A
Free Demo Account:	No
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Contact our expert team to start a fund recovery procedure.

Useless Offshore License

The parent company behind the Falcon Broker broker is Future Finance Services LTD. It is based in the offshore jurisdiction of Mwali, and has a local regulatory license issued by MISA.

This offshore agency haphazardly issues licenses to anyone who’s willing to pay a relatively small sum of money, and calls it a day. That makes their license no more than a useless piece of paper, and is frequently used by other fraudsters like SpotyFX as a false proof of legitimacy.

The offshore regulation, however, is not the only problem of the parent company. As of late 2023, ČNB has issued a public statement warning the public about the illicit conduct of the firm in their jurisdiction. This pertains to yet another fraudulent brokerage, Ex Cap.

In order to avoid scrutiny by reputable financial regulators like BaFIN, FCA, FINMA or NFA, the parent company frequently changes their nation of incorporation. It was formerly based in SVG, prior to obtaining a MISA “license”.

Clandestine Operation

The name of this firm uncannily resembles a formerly CySEC approved Falcon Brokers. Performing even the most basic internet search of the company’s name, thus, returns undesired results.

This is just another part of the ruse, which involves blame shifting and misdirection. The Falcon Broker crypto scam, at its most basic, functions as a scam call center. These boiler rooms, as they are called, employ numerous workers who endlessly pester people by phone.

They use pressure tactics, and urge rash emotional decisions rather than have the clients make an educated, rational choice. This way, they can trick people into investing and steal their cash.

Inflated Rating Score

One of the few external links that lead to the firm are Falcon Broker reviews on TrustPilot. The ratings with 1-star scores are buried under the avalanche of fakes posted by review seller networks.

Still, those people that have posted their negative opinions about the firm claim that they were constantly harassed by phone to invest with the company.

Who Does the Scam Target?

The falcon.broker domain is the most recent fraudulent scheme launched by Future Finance Services LTD. It was created in May 2023 with an intent to defraud people from these nations:

• United States
• Czechia
• United Kingdom
• Canada
• Germany

If you’ve deposited funds to this firm, or any similar entity like InetMarkets, contact our experts to start a recovery procedure.

Outrageously Expensive Investment

It seems that anything goes with this firm, well anything besides the demo account. The provided Falcon Broker account types feature two tiered trading accounts, but expand to include accounts for prop trading and staking.

Each of these accounts requires a rather hefty investment. Let’s take a look at them now:

• Academy Account – Trading; 2,000 USDT minimum investment
• Standard Account – Trading; 10,000 USDT minimum investment
• Falcon Trader – Proprietary Trading; clients provide ⅓ of the tradeable 500,000 USDT equity
• Falcon LP – Staking; 250,000 USDT minimum equity invested

When we tried to create a master login account, our verification email never arrived. This is a strategy that keeps any unvetted outsiders from accessing the client area prior to contacting the boiler room.

Unknown Trading Software

This broker never makes it clear which exact platform they provide for the clients. Unfortunately, without Falcon Broker login and access to the client area, we were unable to evaluate the trading software, if any were actually available.

Online con schemes usually rely on various web traders in order to manipulate the market pricing more easily.

Missing Trading Assets

It is clear that the broker is trying to push their cryptocurrency related trading instruments front and center. Which instruments these include remains a mystery, however. The company openly proclaims that they do not offer traditional products like Forex or stocks, making it more akin to a crypto exchange than a broker.

Hidden Fees

The Terms and Conditions documents state that the broker reserves the right to change the amounts of trading fees at any time. The clients should be notified via the website – which showcases no fee information whatsoever.

Depending on the account type used, clients can expect spreads of 1 Pips and 1.5 Pips for Standard and Academy accounts. The story is similar when it comes to commission, with Standard being charged 2.5 USDT per side and Falcon Broker academy 5 USDT per side. The proprietary trading account, Falcon Trader, features a profit split of 90%.

Relevant information about swaps or leverage is missing. The company charges 35 USDT monthly inactivity fee after 90 days, and a 10% account balance penalty for using platform latency for arbitrage purposes.

Opaque Payment Channels

The lack of access to the client area has worked against us yet again, as the general website does not hold any Falcon Broker withdrawal information. The only thing that is clearly disclosed is a 15 day processing time.

The broker states that they do not accept any FIAT currencies, so the featured payment channels always include some form of crypto transactions. It is unclear, though, which cryptos the company accepts, and which networks are supported, if any.

Did This Firm Scam You? We Can Help!

Offshore companies like Falcon Broker scam only offer a pretense trading to entice clients into wasting more money. Our legal experts have ample experience in recovery of the funds stolen by faux brokerages.

If you’ve become a victim of an online scam, use the live chat on our site to get in touch. We are available 24/7, and our first consultation is free of charge.