Safe Holdings Review – Is the Broker a Scam or Legit?

As of May 2023, the broker (www.safe-holdings.com) has ceased operations. But you can read the article to avoid falling for similar scammers.

What about Safe Holdings Regulations?

123media Ltd, Saint Vincent and the Grenadines, owns Safe Holdings. It claims to be in existence since 2018, but its FSA registration number shows that it was founded this year.

We are most concerned that FSA is a financial register. Regulation should be sought in each country. We have checked the ASIC, FCA, BaFin and many other sources but we found no Safe Holdings regulation.

This implies that you are dealing with unlicensed offshore fraudsters, which is never good for your money.

Safe Holdings Software Platform Tools

WebTrader was the trading platform that we discovered. This is typical of offshore brokers such as Safe Holdings. WebTrade is a browser-based platform that is too simple and lacks sophisticated tools like algorithmic trading, branch optimization, and API integration.

These features can be found on Meta Trader platforms (4 & 5) whereas WebTrader only offers basic charts, calendars, and indicators. Trading on this platform, due to Safe Holding’s inability to obtain a Forex license is very risky. You could make fake profits by manipulating the system.

Safe Holdings advertises an exchange platform that allows you to trade crypto assets. However, without a demo account we were unable to verify whether the platform is legitimate.

Available Markets and Trading Assets

The broker provides access to all five major markets, including:

• Currency pairs – 25 majors
• Cryptocurrencies – 5 biggest
• Commodities Gold, Oil
• Indices – NASDAQ, S&P500
• Shares Amazon, Facebook

The offer isn’t unique, as you can see. Especially when you consider that SafeHoldings offers unregulated leverage up to 1:100. All trades are made on the Webtrader, which is the most secure platform available.

Consider if you are going to invest any money in this trading company after all is said and done.

Safe Holdings Broker: Fund Withdrawal Issues

The company does not have a license and therefore there is no supervision of its activities. The broker is not required to allow clients to withdraw funds. There are no fees or penalties.

Many brokers believe that having an offshore headquarters will protect them from being sued and prevent them from facing any punishment. However, regulators and countries have taken the decision to investigate every brokerage and stop them from engaging in fraudulent activities.

We are confident that someone has noticed Safe Holdings activities and is willing or able to reimburse clients. Send us a complaint if you have any negative experiences. Let’s stop brokers from accessing the market and prevent them from defrauding even more clients.

Areas of Safe Holdings Scam

SafeHoldings reviews show that most of the clients who filed a complaint were from Canada, Germany, and the UK. Safe Holdings trading scams can be found anywhere because offshore brokers are known for being open to all types of clients.

What are the Different Types of Safe Holdings Accounts?

Safe Holdings offers seven types of accounts. Here is a brief overview:

• Silver – 10,000 $, leverage as high as 1:5
• Silver +- 25,000$, leverage up to 1:10 and 0 $ commissions on indices;
• Gold 50,000 $, leverage upto 1:20, zero $ indices commission
• Platinum- 100,000 $, leverage as high as 1:50, 0.0 pip raw spreads
• Diamond – 250,000 $, leverage as high as 1:20, and 0 $ commissions on indices.
• Royal Club – 500,000 USD, leverage up to 1:150, raw spreads starting at 0.0 pip;
• VIP Corporate 1,000,000 USD, leverage up to 1:100 and raw spreads starting at 0.0 pip

Some accounts have leverage that exceeds the legal limit of 1:30 (EU, UK, Australia). The minimum deposit price is outrageously high.

Scam on Safe Holdings Traders

There are numerous complaints about the Safe Holdings scam. Clients have complained about poor trading platforms, withdrawals, and serious concerns regarding their online safety.

A broker will convince victims to download AnyDesk, which allows them to access all apps and online banking. Your bank funds could disappear without your permission if your account manager has such access.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

Safe Holdings: Video

Below you will find a short video about Safe Holdings. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Safe Holdings!