Table of Contents
Introduction to Factset
This Factset review takes a closer look at the cryptocurrency platform that claims to provide
secure and efficient digital asset trading. Factset promotes itself as a reliable crypto broker, allegedly
registered in an offshore jurisdiction. However, questions remain: is Factset a scam, or is it
truly a trustworthy platform?
This review is written for two key audiences: those who suspect they’ve been scammed by Factset and are searching
for answers, and cautious investors who are considering depositing funds but want to confirm its legitimacy first.
This Factset scam review uncovers all the warning signs you need to know.
Factset: Regulation & Legal Status
Regulation is one of the most critical aspects when evaluating any cryptocurrency platform.
After thorough research, there is no indication that Factset is licensed by reputable financial
authorities such as the U.S. Securities and Exchange Commission (SEC),
the UK’s FCA, or ASIC. While the company may mention partnerships or affiliations, none of these claims
are backed by verifiable registration data.
Operating without regulation leaves users exposed: there’s no client protection, no investor compensation
schemes, and no reliable dispute resolution processes. Many fraudulent platforms use the same tactic,
giving the illusion of credibility with vague statements.
Learn how to spot a scam broker before it’s too late.
The lack of oversight raises serious questions about whether Factset is a scam.
Trading Conditions & Platform Analysis of Factset
Factset lists several account tiers but fails to provide transparent details about spreads, commissions,
or trade execution. The platform advertises a low minimum deposit, a common tactic to entice inexperienced
traders. High leverage offerings are also highlighted, which can be extremely risky — especially when
offered by unregulated brokers.
While Factset claims to provide advanced tools, there’s no evidence of verified partnerships with liquidity
providers or confirmation of STP/ECN execution. Even if the platform integrates popular trading software
like MT4 or MT5, that doesn’t automatically make it safe.
What to check before signing up with a trading platform
includes verifying regulation and operational transparency.
These omissions make it harder to dismiss the idea that Factset might be a fraud.
Reputation & User Reviews About Factset
Public opinion can provide crucial insights. Looking at TrustPilot reviews for Factset,
there appears to be a mix of overly positive feedback (likely fabricated) and deeply concerning complaints.
Negative reviews mention difficulties with withdrawals, aggressive upselling tactics, and unresponsive customer support.
Traffic analytics, based on data from platforms like SimilarWeb, suggest that Factset has limited online
visibility, which may indicate that it’s relatively unknown in legitimate trading communities.
Combined with the user complaints, this does little to boost confidence in its operations or reputation.
How to Test Whether Factset Is a Scam
If you’re uncertain about Factset or any trading platform, follow these steps to test its legitimacy:
1. Check for regulation: Search licensing records with top-tier authorities like FCA, ASIC, or CySEC. Vague or missing credentials are a major red flag.
2. Read genuine user reviews: Look beyond polished testimonials and investigate independent complaints on forums like Forex Peace Army.
3. Review withdrawal policies: A lack of transparency or crypto-only withdrawal options often points to scams.
4. Test platform quality: Poorly designed websites and unrecognized trading software are warning signs.
5. Watch for false guarantees: Claims of risk-free trading or guaranteed returns are clear indicators of fraud.
6. Use a demo account: Reputable brokers offer demo accounts so users can evaluate the platform without financial risk.
Final Verdict & Alternatives
Considering the lack of regulation, limited transparency, and troubling user feedback, Factset appears to
be a high-risk platform. We strongly recommend avoiding Factset and instead choosing brokers regulated by
top-tier authorities.
If you’ve already been defrauded by platforms like this, report it to the
FTC’s fraud reporting portal.
Protect your investments by trading only with licensed and well-established brokers who provide clear terms
and strong client safeguards.