General Information About the Broker & Synthetic Growths scam
Synthetic-growths.com claims UK base in 2018. However, its domain only registered in 2023. This discrepancy raises suspicion. The website promises high daily returns. It claims 2.5% daily for 30 days. Offers include 150% in 60 days. These numbers seem unrealistic. The UK Financial Conduct Authority (FCA) issued a warning in November 2023. The firm is not authorised to operate.
Claimed Licenses and Regulation: Synthetic Growths scam
The site shows a Companies House certificate. It falsely suggests forex oversight. But Companies House is not a financial regulator. Synthetic Growths has no FCA, ASIC, or CySEC license. FCA explicitly warns against the firm. Lack of any valid licence is a major red flag.
Trading Conditions
Account types require minimum $15,000. The site hides spread, commission and leverage details. Only daily return percentages are shown. This lack of fee transparency is alarming. Promised profit rates reach 150%. That is a classic hallmark of scam.
Trading Platform and Technology
Synthetic-growths uses a website and mobile access. It claims secure servers in the US and UK. But no information on actual trading platform tech is provided. We found no MetaTrader or similar platform access. This is another transparency issue.
Client Reviews and Feedback
BrokersView labels Synthetic Growths as unregulated and fraudulent. They highlight mismatched founding dates and domain info . One user report nearly $220,000 lost, later recovered partially through a private investigator. YouTube reviews warn of withdrawal problems and fake licences.
Potential Scam Strategies
The Synthetic Growths scam likely uses fake licence visuals and inflated daily return promises. The firm pushes users to deposit large sums. When withdrawals are requested, the site delays or blocks funds. It may demand extra fees. These tactics aim to extract as much money as possible.
Expert Opinion
This broker is highly unreliable. FCA warning, domain age mismatch, unregulated status, and shady returns all raise serious concerns. Classic elements of the Synthetic Growths scam are here. No legal protections exist, and clients risk losing all their funds.
Conclusion
The Synthetic Growths scam shows multiple warning signs. It lacks regulation, misleads on founding date, and offers unrealistic profits. Investors should avoid synthetic-growths.com. Choose brokers with valid licences, transparent fees and regulated oversight. Always verify broker credentials on official regulatory registers before investing.
