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Sarah is an experienced financial journalist with a background in investigative reporting and market analysis. She started her career as a financial writer for financial news outlets, where she gained a deep understanding of market dynamics and investor behavior. Sarah ‘s keen interest in exposing financial scams and providing clear, actionable insights led her to join traderhelpbook.com.
Sarah plays a crucial role in the platform’s mission to educate traders and investors. Her investigative skills and attention to detail enable her to identify potential scams and provide transparent evaluations of brokerage firms. Sarah is passionate about consumer protection and strives to empower users with the knowledge. Her journalistic background ensures that the information provided on the platform is objective, reliable, and serves the best interests of traders seeking trustworthy financial guidance.
Today we are examining yet another failed attempt by scammers to pass off their “creation” as a regulated Forex/CFD broker. Potential clients are promised “The future of finance is now,” absolute security, high liquidity, and advanced analytical tools. However, all of this is deception, and identifying a scam platform like this is not difficult. If you want to protect your money, continue reading our detailed Fenririum analysis.
Our discussion of this so-called “regulated” broker begins with first impressions from the About Us page. The broker claims over 10 years of experience, more than 150 support staff, and a dozen prestigious industry awards. However, none of the awards have dates, and the company provides no registration details or locations to verify these claims. Transparency and credibility are clearly lacking.
As mentioned, registration information is hard to find on the website, likely intentionally omitted. The footer claims Fenririum is regulated by a European organization called the European Financial Authority, including a license number and a profile link. The profile features a scanned copy of a license with what appears to be a formal seal and signature, and the London contact address is presented as the company’s registered office.
Unfortunately for the broker’s owners, such tales are familiar to us, and we verified them against official sources. A search of the UK Companies House database yielded no record of a company named Fenririum. We also checked the London address, 27 Bishopsgate, EC2N 4AA; it is not listed as occupied by Fenririum and is fully occupied by RBC Capital Markets and affiliated entities.
Additionally, a search in OpenCorporates, a global database of over 220 million companies, returned no mention of Fenririum. This confirms that the broker has no real registration — existing only online as a virtual service collecting funds.
What about the license? The website claims a “European regulator” called the European Financial Authority issued a license. But real European brokers must be licensed by regulators in their jurisdiction of registration, e.g., FCA (UK), BaFin (Germany), CySEC (Cyprus), CONSOB (Italy), etc. Without registration, no legitimate license can exist.
Facts raise further doubts:
The scammers clearly put effort into:
Another detail: the “profile” states the registration date as July 24, 2021. According to WHOIS data, the domain fenririum.com was only registered in August 2025, meaning the company could not have physically existed before that.
Now let’s recall the “10+ years of experience” claimed on the About Us page. The imagination of the website creators is certainly impressive: turning one month into ten years is a feat few could pull off.
On the platform reviews.io, we found only four comments about the broker, with the earliest fenririum.com review appearing just a week ago. All the authors lavishly praise the platform. The low number of reviews indicates that the firm has existed for only a few days, while the content suggests that the project owners did not hesitate to pay for a fake reputation.
We carefully examined Fenririum’s trading offers and noticed one unusual feature: the “Profit from” 20%-70% monthly option available starting from Bronze accounts. This effectively means that the company guarantees a minimum level of profit to account holders.
It certainly sounds tempting. However, many questions arise:
The Fenririum website provides no answers to these questions, nor did we find any in the personal account area. Only speculation remains:
To be honest, the company’s official website left a mostly negative impression. At first glance, everything seems in order: bright info boxes, alternating backgrounds, color accents on control elements. However, the flashing colors make reading difficult. Additionally, the non-standard cursor, instead of guiding attention, is quite annoying.
To describe the content, we simply don’t have enough curse words. Judge for yourself:
Information about trading conditions on the official site is very sparse — everything is condensed on a single page called Account Plans. At first glance, it may seem that the broker transparently discloses tariff details and provides substantial information. But a closer look at the account descriptions quickly dispels that illusion.
The list of accounts shows 6 tariffs with minimal useful information:
Each account allegedly comes with additional options, such as deposit bonuses or account insurance. However, none of these exist in the personal cabinet. These offers serve only one purpose: to lure beginners who cannot distinguish between flashy promises and reality.
Interestingly, while offering progressively more attractive terms, the broker aggressively pushes traders toward higher-tier accounts. At the same time, the number of available trading robots increases. Naturally, the risks increase as well — while a single robot may not wipe out a deposit with a decent algorithm and correct settings, a dozen will almost certainly deplete the account within a couple of days.
And of course, the platform uses the “favorite trick” of such schemes — promises to insure clients’ funds. However, no coverage amount per account is specified, no insurance company is named, and there is no mention of participation in compensation funds. But these are rhetorical questions: Fenririum is unregistered, so its clients must forget about insurance or compensation.
The broker’s contact page is also full of surprises. Perhaps the only elements that raise no questions are the support email address and the contact form. Although this statement is contradictory in relation to email. For some reason, owners use the public Gmail system instead of their own mail server, which is often included with the domain name provider’s services.
We’ve already discussed the London address. The company does not exist there, as confirmed by checks in the UK business registry. Since this is the only address listed, we can confidently say that the firm has no office at all.
The phone number is no less curious. It is a so-called toll-free number, free to call from the US and Canada. Such numbers are typically used by American and Canadian companies for customer support. However, we couldn’t understand the logic of the project owners using a North American phone number for a European broker. It seems this choice was made to discourage users from calling support and paying substantial fees for it.
Do you think Fenririum has any social media accounts? We couldn’t answer that either, as the official website contains no links to such profiles. As we mentioned, the company is not interested in active communication with an audience or in attracting a large number of clients via social media. Legally operating brokers do not impose such limitations, but almost all scam platforms do.