Fivoro Review – Domain Change Won’t Change The Horrible Truth

In an effort to divert their victims’ attention from the numerous regulatory warnings, this con scheme has changed their website domain at least six times. You know what they say, though – the wolf changes his coat, but not his nature.

Find out how this fraudulent group has managed to steal from thousands of people in a span of a single year, and how to remain protected while trading in our Fivoro review.

Broker status:	Unlicensed broker
Regulated by:	Unregulated
Operating Status:	Active Forex trading sham
Known Websites:	fivoro.com  fivoro.pro fivoro.io fivoro.expert fivoro.capital platform.fivoro-trading.com
Blacklisted as a Scam by:	BCSC, CSA, ASC, FCA, FSMA, FSC, IOSCO, CNMV, AMF, CONSOB
Owner:	Urvashi Limited / Fivoro
Headquarters Country:	SVG (alleged)
Foundation Year:	2024
Online Trading Platforms:	Web Trader
Mobile Trading:	No
Minimum Deposit:	$250
Deposit Bonus:	No
CFD Trading Option:	Yes, you may trade CFDs
Crypto Asset Trading:	Available – BTC, LTC, ZEC
Available Trading Instruments:	Forex, Cryptocurrencies, Stocks, Commodities, Indices, ETFs
Maximum Leverage:	1:500
Islamic Account:	No
Free Demo Account:	No
Accepts US clients:	US Clients are not accepted
Global Fraud Protection Experts’ Verdict:	Cons with multiple domains should be trusted! Stay away and invest only with regulated firms.

Multiple Domains – Some Dead Some Not

Sometimes known under the company name of Urvashi Limited or just Fivoro, this fraudulent campaign has expanded to several domains. All of them have been blacklisted multiple times as the common name and greediness link them all. BCSC, CSA, ASC, FCA, FSMA, FSC, IOSCO, CNMV, AMF, CONSOB and ASF.

Allegedly established in Saint Vincent and the Grenadines, the conduct isn’t registered even with the local authorities, let alone any other entity. What’s more, SVGFSA doesn’t oversee Forex market participants, so it’s evident that the Fivoro broker operates without any valid license.

Compared to regulated entities like Cointree, the Fivoro scam poses significant risk on your capital for not providing adequate fund safety and for aiming to steal all your deposits.

Numerous User Complaints

With so many different domains popping up and shutting down, it becomes difficult to pool all Fivoro reviews in one place. The victims will usually complain about one of these sites, which ultimately spreads the comments out over a large number of platforms.

The Fivoro TrustPilot page even has the company marked as being blacklisted. While there aren’t many comments on SiteJabber, they all have 1-star ratings.

Scam Method Revealed

The bogus companies like Fivoro broker and CoinCasso exchange will occasionally create profiles on social networks. These are used to create some initial traction and set the stage for what is to come.

The next step in the process involves boiler room agents that constantly pester people by phone. As you’ve seen from the personal reviews, this is by far the most prevalent method of solicitation.

The agents may seem sweet and inviting at first, but the mask soon drops to reveal a greedy individual waiting for an opportunity to rip you off. If you believe you’ve become a victim of financial fraud, contact our legal experts.

Who Are The Main Targets?

None of the websites ever got a significant traffic flow. Nothing strange here, it just means that the fraud mostly happened via the phone calls.

The one that remains functional at this time is fivoro.expert, and it was first launched at the turn of 2024, which you may see in the WhoIs registry.

The fraud mostly targets the people from these countries:

• Netherlands
• Norway
• Sweden
• Denmark
• Switzerland

Fancy Looking Web trader

The main Fivoro trading platform is your basic web trader. It features only the most necessary of functions, like buy/sell, asset selection and provides basic market information.

Clients may opt to view charts printed by the company, or ones imported from TradingView. Needless to say, the third party chart is much more informative, but it doesn’t matter in the long run. Scammers prefer these web based apps, since they allow for easy data manipulation.

Small Asset Selection

Depending on where you are on the site, you’ll get different information on which assets are available for trade. The website lists far fewer instruments than you’ll find in the trading platform though.

Here’s a few examples of available assets:

• Forex – EUR/USD, GBP/CHF, NZD/AUD, USD/JPY
• Cryptocurrencies – BTC/USD, ZEC/USD, IOTA/USD
• Stocks – Intel, Chevron, BAC, IBM
• Commodities – Gold, Brent, Wheat, Cannabis
• ETFs – QQQ, SPY, BITO, KBE
• Indices – Nasdaq, CAC40, Nikkei 225, VIX

No Notable Features Sold

The Fivoro website doesn’t provide any information concerning what the packages include and what you can buy for the deposit they require.

Except one-sentence explanations how one account is for beginners and the other for more experienced traders, nothing else serves as a description about the tools and options featured. While you can start off with just $250, other bundles aren’t at all cheap:

• Student – $250
• Standard – $5,000
• Investor – $10,000
• VIP – $50,000
• VIP Platinum – $100,000

Beware of Hidden Costs!

Fivoro trading conditions and terms can shortly be described as mysterious. None of the costs are revealed, and neither are any of the trading parameters such as spreads and commissions, while leverage is capped at 1:500.

This is nothing unusual with fraudulent online trading portals, as they’re known for hiding the real costs and taxes. They only reveal advanced fees and trading volume requirements once clients wish to withdraw profits.

Undisclosed Bonus Terms

The site itself isn’t explicit about the existence of bonuses on this platform. However, legal docs mention the requirements that have to be met if clients tend to withdraw anything from a credited account.

Total deposit + your total bonus received multiplied by 500 is the trading volume you have to achieve before attempting to make a payout.

Financing Issues

The company never discloses any financial channels that it uses for investments and payouts. The Terms of Use document says nothing about any Fivoro withdrawal conditions either. Similarly, the payment function in the client dashboard is currently “not active”.

Without automated payment processing the clients are forced to go through their account manager, or better said boiler room agent. It also allows the agents to put more pressure on their victims, extorting additional funds in the process through various up-front fees and similar bogus charges.

What Can You Do To Get Your Money Back?

This company is a dangerous boiler room that has been blacklisted by at least a dozen financial regulators. It is a known fraudulent group that has been harassing people for some time now.

With the charlatans’ habits to change the domain frequently, tracing the financial transactions becomes difficult. This is why time is of the essence – contact our expert team today and start fighting back for your money! We are available around the clock, and our first consultation is free of charge.