Exposing the Deceptive Practices of 722l.com: A Detailed Broker Review

722l.com is a relatively new online trading platform that promises to provide its users with advanced trading services. According to the platform’s website, users can engage in various activities such as forex trading and cryptocurrency trading, among others. However, there have been concerns raised regarding the legitimacy of the platform, with some users referring to it as a scam broker. In this review, we will examine the features of 722l.com and determine whether it is a legitimate trading platform or a scam broker.

Overview

722l.com was launched in 2019, and it claims to provide a secure and safe trading environment for its users. The platform is accessible on desktops, laptops, tablets, and mobile phones, allowing users to trade on the go easily. However, despite its claims of delivering advanced trading services, many users have reported poor experiences with the platform, including withdrawal issues, funds freezing, and unresponsive customer service.

Is 722l.com Regulated?

One of the significant red flags for this platform is that it is not regulated by any financial authority. Most legitimate trading platforms are regulated by financial regulators such as the Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC). However, there is no mention of regulation on 722l.com’s website, a clear indication that the platform operates outside the oversight of any financial regulator.

Warnings From Financial Regulators

The lack of regulation has also attracted warnings from various financial regulators, including the FCA and the Cyprus Securities and Exchange Commission. Both regulators have warned investors against engaging with 722l.com, citing that the platform operates outside the regulation of the financial watchdogs. The warnings are a clear indication that the platform is unregulated and, therefore, a high-risk investment option.

What Currency Pairs Do They Offer?

According to its website, 722l.com provides its users with a wide range of currency pairs to trade, including USD/EUR, USD/GBP, and USD/JPY, among others. The platform also claims to offer exotic currency pairs such as USD/ZAR, USD/NOK, and USD/DKK. However, it is essential to note that the lack of regulation and numerous complaints from users make it challenging to verify the accuracy of the platform’s statements.

Customer Support

722l.com claims to provide its users with 24/7 customer support, including phone support and live chat. However, many users have reported that the customer support team is unresponsive, making it difficult for users to get assistance with issues such as account verification and withdrawal requests.

Trading Platform

The platform claims to offer users access to advanced trading tools, including charts, technical indicators, and market analysis. However, many users have reported that the platform’s trading tools are limited and not user-friendly. According to user reviews, the platform’s interface is complicated, making it challenging for beginners to navigate and perform basic trading activities.

What Do Traders Think About 722l.com?

The overwhelming majority of user reviews on independent review platforms such as Trustpilot and Forex Peace Army are negative, with most users referring to the platform as a scam broker. Common complaints include funds freezing, unresponsive customer support, and poor trading experience. The lack of regulation has also contributed to negative reviews, with many users expressing concern about the platform’s legitimacy.

What To Do If You Get Scammed?

If you believe that you have been scammed by 722l.com, you should contact us. We will provide you with a free consultation and service recommendations to help you in recovering the lost fund.