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Why is Holloway Friendly a scam?

Started by Admin, May 11, 2023, 12:55 PM

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Topic keywords [SEO] scamFriendlyHolloway

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Opinions about Holloway Friendly

What are the reviews on Holloway Friendly talking about? Purely about the deception and general incompetence of Holloway Friendly's analysts. The ratio of positive to critical reviews is, of course, in favour of the critical ones. With positive reviews on Holloway Friendly, similarly, it's not all that simple. The trouble is that all of them are too much of the same type and were written not so long ago and in fact in the same time. All this indicates that these favourable reviews are fake. Below is one such review:
"Holloway Friendly is a cool company! The firm has a brokerage permit}. I earn 150-200% of my total capital a month and I dedicate fifteen minutes a day to trading. I recommend Holloway Friendly to anyone!"
A great company indeed! One of them has the ability to make the average person a multimillionaire in a few years, as a trader will earn one hundred and fifty to two hundred percent a month. We think it's already obvious that this is not a real review.
We took another review on Holloway Friendly written on Reddit:
"Holloway Friendly is the best broker in the world. I don't understand why Holloway Friendly isn't already number one in the EU and America! The service is top notch, the staff at Holloway Friendly is very smart. I've been working with the broker for three years now and I'm doing great."
And we too can't understand the reason why this broker isn't number one yet... among scammers.
Note, those people who have been correcting reviews don't even realize that Holloway Friendly "works" for about six months, but certainly not for several years, which say this person cooperates with Holloway Friendly. No proofs are given that Holloway Friendly employees are "the smartest".

What is known about Holloway Friendly

In brief, practically nothing. The company was registered last year. It is not known where exactly it is located. There is no credible information for just over half a year of operation of the broker. There is only negative information about the firm, but first things first. Volunteers tried to find information on the Internet about the country where the firm's headquarters were based but in the end they failed to find anything. Any serious office on the contrary strives to be as open and transparent as possible, to bring its traders up to date, so investors know whom they want to hand over their money, but it is obvious that those who own Holloway Friendly do not think so.
Next, let's move on to a comparison of what Holloway Friendly has and a normal average office. What should a good brokerage platform look like? A normal trading platform is an important tool for traders, enabling them to access global markets and make informed investment decisions. A good platform must have both cent and demo accounts in addition to the basic one.

My experience with the broker

The facts stated before are enough to make the only true conclusion of the essence of Holloway Friendly. We took the decision to look into everything ourselves as well.
We left our contact information, Holloway Friendly manager called us back and almost immediately started offering to make a big deposit. During the dialog the representative of Holloway Friendly used the method of aggressive selling, some nonsensical flattery. We deposited the account for the minimum amount of 25$ and decided to use the tips, provided by this broker. What happened next? We lost most of the money in a couple or three trades and decided to get our money back, but they never transferred it to me. Again, a Holloway Friendly employee tried to dissuade me from withdrawing the money and vice versa to deposit and open trades again. However, it is unclear why the staff did not want to compensate for the loss without my sending additional personal money to the manager. It is easy to understand that even if I had done that the managers would not have returned the money, not a cent.



Consequences of working with Holloway Friendly

What happens in a situation where you or someone else spits on all the facts mentioned here and decides to try to collaborate with Holloway Friendly? Let's imagine it. Take a review on Holloway Friendly from the Trustpilot website:
"I am writing this review to share my unpleasant experience with Holloway Friendly and to keep future investors safe before they even think about handing over their hard-earned cash to this firm. In my years as a trader I have never come across a worse brokerage firm and it has left me with a bad taste in my mouth and a big drop in confidence in the industry in general.

The most important fact that confirms that Holloway Friendly is a scam

Of course we are talking about the lack of regulation. The regulator performs a certain number of functions, including inspection of brokerage offices, inspection of specialists, control of the financial component, clients and checking the solvency of the broker. But the most important duty of the regulator is to prevent financial fraud. Money manipulation can look very different, an example being the writing off of an investor's money without his permission, or the misuse of a trader's money in transactions he has not authorised. In the months before the crisis of two thousand eight and nine, major US banking institutions did this on a massive scale. The trader can, for example, get his money back through the regulatory institutions. The regulator has its own criteria according to which they check the qualification of financial structure managers, including trading companies. In turn, this ensures that qualified specialists interact with their clients. Holloway Friendly has no regulation, not even permission to trade from some fake structure.

It was obvious at the outset that Holloway Friendly's level of professionalism and competence was clearly close to zero. Their site was constantly problematic, with regular technical failures and a user interface that can only be described as clumsy and confusing. This alone made transaction execution nerve-wracking, but the difficulties did not end there.

A quality brokerage platform must be available in both mobile and desktop versions. In today's fast-paced world, traders must be able to access their brokerage platform on the go. This allows, for example, to follow the rapidly changing situation and quickly sell or buy an instrument, if there are good arguments. A good marketplace should have an adaptive mobile application as well as a fully functional desktop version in order to meet the different desires and needs of its clients.

Comparing Holloway Friendly with an adequate company

In this part of the article, the following information is present:
  • How an adequate brokerage firm's site should be set up;
  • What about the Holloway Friendly platform;
  • A comparison of a not bad brokerage platform with what Holloway Friendly has;

What other signs and evidence is there that Holloway Friendly are scammers?

As written before, Holloway Friendly and its staff are no strangers to aggressive selling, insults, obvious ineptitude, using marketing tricks like offering very high earnings, falsifying opinions. Holloway Friendly has no documents on its website, not even an agreement of public offer, while any broker must have legal documents confirming that the brokerage firm has a permit for brokerage activities, registration data and, perhaps, some regalia. The situation in search is the same as with reviews, they are all the same. The fact that Holloway Friendly does not refund money is a standard feature of scams. Representatives from Holloway Friendly also like to give signals that do not work, which not only make you no money, but on the contrary, all investments are lost. Scammers often send these signals in order to earn more commissions and fees, although this is more about representatives of real investment companies, which engage in scams in this way. But excessively frequent slippages and glitches of the Holloway Friendly platform are also a standard indicator of a scam.

A good investor platform must have a comfortable interface. A well-made, subconsciously clear user interface is essential for a trading platform. It makes it possible for clients to move around the platform without difficulty, manage their accounts and conduct transactions with ease. None of this is available on Holloway Friendly. However, we know many different marketplaces, and this is a very clear thing to us, but it is difficult to navigate on this particular platform despite the considerable expirience.
A quality investment platform should have various investment tools. A quality trading platform must offer a wide range of trading solutions, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This allows investors to protect personal accounts from risk and have access to different categories of currencies. There are a very large number of currencies on the Holloway Friendly platform, but the problem is that Holloway Friendly is a scam and dealing in these instruments is not really existing, it's not all happening in reality, like in the game. Buying silver through the Holloway Friendly platform you are not actually buying anything because Holloway Friendly is unregulated and therefore not allowed to cooperate with international markets and respectively you are not actually buying anything through a broker on the international market. In general, the Holloway Friendly platform not only has terrible usability, but it is also quite ugly from an aesthetic point of view.

As we can see, the investor not only lost money and mental health, but also did not gain any useful trading experience, only disappointment in trading. If you look at other opinions, they have more or less the same content. The most frequent reasoning is that Holloway Friendly does not pay out money. Investors also write about the total incompetence of Holloway Friendly representatives. Looking at reviews on Holloway Friendly we have repeatedly encountered information that the company's employees in communication with clients are openly manipulative and insulting. Reviews on normal investment organization should say otherwise, or at least it should not be that bad. In general, the reviews on Holloway Friendly also clearly show that Holloway Friendly is an obvious scam.

In addition, a very important characteristic of a cool trading platform is reliable security features. Ensuring the security of personal information and client funds is crucial. A good trading platform must have robust security practices in place, such as two-step verification, encryption, and secure socket layer technology (SSL). All of these and other things should strongly protect investors from scams, account theft, or hacking into the trading platform itself with mass leaks of information. None of those things are anywhere near on Holloway Friendly.

Entrusting your finances to Holloway Friendly is a decision you will likely regret, as I did after all this. I am left with the bitter reality that this is the worst thing that could have happened to me as a person and I think that personal experience will be for traders who, are considering the decision to give personal money to this disgusting brokerage company."

What else should a normal brokerage site have? Research tools! A brokerage platform should give clients access to research tools and resources. These can be financial news, analyst articles, broker financials, technical analysis tools and more. These tools allow investors to make reasoned investment decisions, rather than doing nothing at all. And how can you make normal investment decisions if all the Holloway Friendly platform has is a calendar? White brokers care about enabling their investors to make informed decisions, as it directly affects the long-term prospects of the partnership between them.

When it came to the main aspect of trader support, I got very angry. Their representatives were either unresponsive or incapable of resolving my problems with any semblance of competence. I felt like I was talking to a robot, and my requests for help were ignored. When I needed help urgently in a situation of strong price movements, I was stranded, which eventually resulted in me losing a large sum of money.

Worst of all, it had a tangible impact on me on a feeling level. Not only have I lost a tangible sum due to Holloway Friendly's incompetence, but the whole ordeal has left me feeling betrayed and deeply distrustful of the investment industry. I can't get rid of the bad memories of the countless hours spent sorting out technical problems and compensating for financial losses triggered by the fraudulent nature of this company.

Total

You've seen it all for yourself. Holloway Friendly is different even among scammers. The firm is to the point of being horrible that there is no place to put a branding on it. Reviews on Holloway Friendly that do not resemble artificial are filled with negativity. People go on and on about how investments are not compensated, representatives do not observe the norms of decency, the platform is uncomfortable, constantly hangs up, only negative memories remain from trading with the firm. If you do not want to face the same thing as other traders, in any case, do not even leave personal information on the website Holloway Friendly, or if you have already left it, just blacklist the numbers of managers and do not pay attention to them. If you start to discuss something with the representatives of the company, there is a risk that scammers with their skills and experience of trickery will be able to fool you and take your hard-earned money. Because scammers don't just offer some kind of investment, they try to gain the trust, make friends with their victims, entice them by promising very high profits.

Henry Fleming

They have scanned me. Taken money and asking for more all the time and not allowing withdrawal. Governing me all sorts of excuses why I shouldn't withdraw?! Please be careful so not gone them a single penny.