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FRAAR LTD

Australia|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://fraar.com/

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info@leiwowfx.com
https://fraar.com/

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Company Name

FRAAR LTD

Company Abbreviation

FRAAR LTD

Platform registered country and region

Australia

Company website

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0555295) claimed by this broker is suspected to be clone. Please be aware of the risk!

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FRAAR LTD · Company Summary

Aspect Information
Company Name FRAAR
Registered Country/Area Australia
Founded Year Within 1 year
Regulation Not regulated
Minimum Deposit $100
Maximum Leverage 1:500
Spreads From 0.0 pips
Trading Platforms MT4, MT5
Tradable Assets Forex, Indices, Energy, Precious Metals, Soft Commodities, ETFs, CFD Shares, Bond CFDs
Account Types Standard STP, RAW ECN
Customer Support Email
Deposit & Withdrawal Apple Pay, Google Pay, VISA, Bank Transfer, NETELLER, Skrill

Overview of FRAAR

FRAAR is a trading company based in Australia. With a history of less than one year, FRAAR offers a range of trading opportunities in various financial markets. Although it is not currently regulated, the company provides a minimum deposit requirement of $100 and offers a maximum leverage of 1:500. Traders can enjoy competitive spreads starting from 0.0 pips on a variety of trading platforms, including MT4 and MT5. FRAAR provides access to a diverse range of tradable assets, including forex, indices, energy commodities, precious metals, soft commodities, ETFs, CFD shares, and bond CFDs. The company offers different account types, such as Standard STP and RAW ECN, catering to the varying needs of traders. Customers can contact FRAAR's customer support via email, and deposit and withdrawal options include popular methods like Apple Pay, Google Pay, VISA, bank transfer, NETELLER, and Skrill.

basic-info

Is FRAAR legit or a scam?

FRAAR's regulatory status raises suspicions as it lacks a valid and reputable regulatory license. The absence of a legitimate regulatory license means that FRAAR operates without oversight and supervision from regulatory authorities. This poses significant risks for traders and investors as there are no established mechanisms in place to protect their interests.

Regulatory licenses are crucial for brokers as they ensure compliance with industry standards, financial regulations, and investor protection measures. Licensed brokers are subject to regular audits, transparent reporting requirements, and strict operational guidelines. They are also obliged to segregate client funds and provide avenues for dispute resolution.

Without a valid regulatory license, FRAAR operates in a regulatory gray area, which raises concerns about the safety and security of funds. Traders may face a higher risk of fraudulent activities, misappropriation of funds, and unethical practices without any recourse or legal protection.

It is crucial for traders to prioritize their safety and choose brokers that are regulated by reputable financial authorities.

Pros and Cons

FRAAR offers a diverse range of tradable assets, competitive trading conditions, and multiple account types, providing traders with flexibility and opportunities to diversify their portfolios. The company also provides educational resources to help traders enhance their knowledge and make informed decisions. However, the lack of regulation raises concerns about the safety and security of funds, exposing traders to potential risks and uncertainties. It is important for traders to carefully consider these pros and cons before engaging with FRAAR or any other similar trading company, and to prioritize their safety by choosing brokers regulated by reputable financial authorities.

Pros Cons
Diverse range of tradable assets Lack of regulation
Competitive trading conditions Potential risks and uncertainties
Multiple account types
Free educational resources

Market Instruments

FRAAR offers a diverse range of trading products to cater to the needs of traders. Here is a detailed description of the trading products provided by FRAAR:

1. Forex: FRAAR facilitates foreign exchange (forex) trading, allowing traders to participate in the global currency markets. Traders can speculate on the exchange rate fluctuations between different currency pairs, taking advantage of high liquidity and the ability to trade 24 hours a day.

2. Indices: FRAAR provides trading on indices, which represent a basket of stocks from a specific market or sector. By trading indices, traders can speculate on the overall performance of a market or sector, rather than trading individual stocks.

3. Energy: FRAAR offers trading in energy commodities, including crude oil and natural gas. Traders can take advantage of price movements in the energy markets and participate in this important sector of the global economy.

4. Precious Metals: FRAAR allows trading in precious metals like gold, silver, platinum, and palladium. Trading precious metals provides an opportunity to diversify investment portfolios and hedge against inflation or economic uncertainties.

5. Soft Commodities: FRAAR offers trading in soft commodities such as agricultural products, including wheat, corn, soybeans, coffee, and sugar. Traders can speculate on the price movements of these commodities, which are influenced by factors such as weather conditions, supply and demand dynamics, and geopolitical events.

6. ETFs Trading: FRAAR provides trading in Exchange-Traded Funds (ETFs), which are investment funds traded on stock exchanges. ETFs represent a basket of assets such as stocks, bonds, or commodities and offer traders the opportunity to diversify their portfolios and gain exposure to specific market sectors or investment themes.

7. CFD Shares: FRAAR provides trading in Contract for Difference (CFD) shares of companies from various regions, including the United States (US), United Kingdom (UK), European Union (EU), and Hong Kong (HK). Traders can speculate on the price movements of individual stocks without owning the underlying assets, offering flexibility and potential opportunities in different stock markets.

8.Bond CFDs: FRAAR offers trading in Bond CFDs, which are derivative contracts that track the performance of government bonds or corporate bonds. Traders can speculate on the price movements and yield changes of bonds without owning the physical bonds, providing exposure to the fixed income market.

Account Types

FRAAR offers two main types of trading accounts: Standard STP and RAW ECN.

The Standard STP account operates on an STP (Straight Through Processing) execution model and can be accessed through the MT4 and MT5 trading platforms. It offers spreads starting from 1.2 pips, a minimum deposit requirement of $100, and no commission charges. Traders can also benefit from trading bonuses. The account supports base currencies such as $ AUD, $ USD, £ GBP, and €EUR, and allows a minimum trading size of 0.01 lot. An additional base currency option of $ CAD is also available.

On the other hand, the RAW ECN account operates on an ECN (Electronic Communication Network) execution model and is compatible with the MT4 and MT5 platforms. This account type provides traders with extremely low spreads starting from 0.0 pips. The minimum deposit requirement is $100, and a commission fee of $6 per round turn is charged. Similar to the Standard STP account, the RAW ECN account offers trading bonuses and supports base currencies such as $ AUD, $ USD, £ GBP, and € EUR. The minimum trading size is 0.01 lot, and traders can also utilize $ CAD as an additional base currency.

Account Type Standard STP RAW ECN
Execution Type STP ECN
Platform MT4, MT5 MT4, MT5
Spread (from) 1.2 pips 0.0 pips
Minimum Deposit $100 $100
Commission $0 $6 (per roundturn)
Trading Bonus Available Available
Base Currencies $ AUD, $ USD, £ GBP, € EUR $ AUD, $ USD, £ GBP, € EUR
Minimum Trading Size 0.01 lot 0.01 lot
Additional Base Currency $ CAD $ CAD
account-types
account-types

How to Open an Account?

To open an account with FRAAR, please follow the steps below:

1. Visit the official website of FRAAR at https://fraar.com/.

2. On the homepage, locate the “Start Trading” or a similar button. Click on it to proceed.

open-account

3. You will be directed to the account registration page. Fill in the required information accurately and completely. This may include personal details such as your full name, email address, contact number, and country of residence.

open-account

4. Select the type of account you wish to open. FRAAR may offer different account types with varying features and trading conditions. Choose the one that best suits your trading needs and preferences.

5. Agree to the terms and conditions presented by FRAAR. It is important to review the terms carefully before proceeding to ensure you understand and comply with all requirements.

6. Complete the verification process. FRAAR may require you to provide necessary identification documents to verify your identity and comply with regulatory guidelines. The specific documents needed can vary depending on your jurisdiction and the regulations in place.

7. Fund your trading account. FRAAR provides various deposit methods, such as bank transfers, credit/debit cards, and electronic payment systems. Choose the most convenient method for you and follow the instructions provided to make a deposit.

Spreads & Commissions

FRAAR offers competitive spreads on both its STP and ECN accounts. For the Standard STP account, traders can enjoy spreads as low as 1.3 pips for EURUSD, 1.8 pips for GBPUSD, 1.6 pips for AUDUSD, and 1.5 pips for USDJPY. On the other hand, the RAW ECN account provides even tighter spreads, starting from 0.0 pips for EURUSD, 0.6 pips for GBPUSD, 0.4 pips for AUDUSD, and 0.5 pips for USDJPY.

In addition to spreads, the RAW ECN account also incurs commission charges. The commission rates vary based on the trading account's base currency. For example, in AUD, the commission per 0.01 lots is AUD $0.03 (round turn AUD $0.06), and the commission per 1 lot is AUD $3 (round turn AUD $6). Similarly, commission charges apply to USD, GBP, EUR, and CAD accounts, with corresponding rates for different trading volumes.

It's important to note that spreads and commission charges are subject to market conditions and liquidity. FRAAR aims to provide competitive pricing structures to ensure cost-effective trading for its clients. Traders should consider these factors when choosing the most suitable account type and evaluating the overall trading costs.

spreads

Leverage

The maximum Forex leverage FRAAR LTD may offer is up to 500:1. If you wish to get access to alter your Forex leverage, please note this on the application or contact us. By submitting a change in trade leverage request, you accept that this can result in high risk and severe or total account loss. FRAAR LTD is a non-advisory Forex broker and will not provide you with investment or personal trading advice. For such advice, please consult a registered financial advisor.

Margin Forex is very high risk and leverage should be used wisely.

Trading Platform

FRAAR provides traders with the FRAAR LTD app, a trading platform that offers convenience and flexibility. With access to over 1000 trading assets, users can enjoy a seamless trading experience and take advantage of exclusive offers. The app is designed to be user-friendly, allowing traders to trade on the go and access a variety of tools that enhance their trading journey. With multilingual support and intuitive features, FRAAR LTD app empowers traders to make informed decisions and execute trades efficiently, regardless of their location. By downloading the app, traders can explore a diverse range of financial instruments and enjoy a smooth trading experience with FRAAR.

trading-platform

Deposit & Withdrawal

FRAAR offers multiple funding methods, including Apple Pay, Google Pay, VISA, bank transfer, NETELLER, and Skrill. These options provide users with flexibility and convenience when depositing funds into their trading accounts. Whether using mobile payment platforms, traditional bank transfers, or e-wallets, FRAAR aims to accommodate various preferences and ensure a seamless funding experience for its clients.

payment-methods

Customer Support

FRAAR values customer satisfaction and offers various channels for customer support. Traders can reach out to the company through their head office and FRAAR LTD LLC office, both located at 1700 Broadway, Denver, CO, United States. Whether it's inquiries, requests for information, or any other concerns, customers can also contact FRAAR via email at info@leiwowfx.com. The company strives to provide prompt and efficient responses to ensure that customers receive the necessary assistance they need. With a focus on customer support, FRAAR aims to maintain a high level of customer satisfaction and address any queries or issues promptly.

customer-support

Educational Resources

FRAARE provides a range of educational resources to enhance trading knowledge and skills. Their offerings include educational videos covering various trading and investing topics, a guide on using Trading Central tools for technical analysis, an expert advisor for automated trading, forex signals for trade recommendations, daily market analysis reports, video updates on market news and trade ideas, an economic calendar highlighting important events, and forex calculators for position sizing and risk management. These resources aim to assist traders in making informed decisions and improving their trading strategies.

educational-resources

Conclusion

In conclusion, FRAAR is a trading company based in Australia that offers a range of trading opportunities in various financial markets. While it currently lacks regulation, FRAAR provides competitive trading conditions such as a minimum deposit requirement of $100, maximum leverage of 1:500, and competitive spreads starting from 0.0 pips. Traders can access a diverse range of tradable assets, including forex, indices, energy commodities, precious metals, soft commodities, ETFs, CFD shares, and bond CFDs. The company offers different account types to cater to varying needs, and customer support is available via email. However, the absence of a reputable regulatory license raises concerns about the safety and security of funds, as there are no established mechanisms for investor protection. Traders should prioritize their safety by choosing regulated brokers. FRAAR also provides educational resources, including videos, tools guides, expert advisors, forex signals, daily market analysis, video updates, an economic calendar, and forex calculators, to support traders in improving their trading knowledge and strategies.

FAQs

Q: Is FRAAR a regulated trading company?

A: Does FRAAR operate under any regulatory oversight?

Q: What is the minimum deposit required to open an account with FRAAR?

A: What is the minimum amount of money I need to deposit to start trading with FRAAR?

Q: What leverage does FRAAR offer?

A: How much leverage can I use when trading with FRAAR?

Q: What trading platforms does FRAAR provide?

A: Which platforms can I use to trade with FRAAR?

Q: Are there any commissions charged on trades with FRAAR?

A: Do I have to pay any fees or commissions for my trades with FRAAR?

Q: What payment methods can I use to deposit and withdraw funds with FRAAR?

A: Which payment options are available for depositing and withdrawing funds from my FRAAR account?

Q: Does FRAAR offer educational resources for traders?

A: Are there any learning materials or educational resources provided by FRAAR to help me improve my trading skills?

Q: Can I contact customer support if I have any questions or issues?

A: Is there a customer support team available to assist me if I need help or have any concerns while trading with FRAAR?

Q: What types of assets can I trade with FRAAR?

A: Which financial instruments or markets can I access for trading through FRAAR?

Q: How can I open an account with FRAAR?

A: What are the steps involved in opening a trading account with FRAAR?

User Reviews

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DuPonter
more than one year
FRAAR seems like a risky bet. While they offer enticing trading conditions with competitive spreads and diverse assets, the lack of regulatory oversight is a red flag. Operating without a valid license poses significant risks for traders, as there are no established mechanisms for investor protection. The absence of transparency regarding the regulatory status raises doubts about the legitimacy of FRAAR. Traders considering this platform should exercise caution and prioritize brokers regulated by reputable financial authorities to ensure a safer trading environment.
2023-12-07 13:47
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Constantine Alistair Fitzroy
more than one year
As a trader, my experience with FRAAR, an Aussie trading startup, has been interesting. With a minimum deposit of just $100 and the option of sky-high leverage up to 1:500, it's pretty nifty for all kinds of traders. It offers a good mix of stuff to trade - forex, indices, commodities - the works! Having options like Standard STP and RAW ECN accounts cater to different trading styles. I dig their competitive spreads starting from 0.0 pips on platforms like MT4 and MT5. But, there's a catch - these guys are currently flying under the regulation radar, means you gotta be extra careful about the safety of your hard-earned money. Always be vigilant before choosing to roll the dice with FRAAR.
2023-12-06 14:20
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Khai Nguyên
more than one year
Man, I gotta be real with you about FRAAR. It's been a rollercoaster ride, and not always in a good way. First off, the lack of regulation raises major red flags. It's like trading in the wild west, no rules, no protection. And their withdrawal process? It's a total pain in the ****, man! It takes ages to get your money back, and their fees are just ridiculous. And don't even get me started on their platform. It's clunky and unreliable, constantly crashing on me when I need it the most. Honestly, I wouldn't recommend FRAAR if you're looking for a smooth and secure trading experience.
2023-06-25 13:56
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0
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LSZ
more than one year
Yo, FRAAR is legit fire, man! I've been trading with them for a while now, and their diverse range of trading products and competitive spreads got me hooked. The forex signals they provide have been on point, helping me make some sweet profits. Plus, their educational videos are straight fire, bro! They've really helped me level up my trading game. Customer support is chill too, always there to assist whenever I have questions. Overall, FRAAR is the real deal, and I highly recommend them to anyone looking to crush it in the trading game!
2023-06-25 13:55
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