Does anyone know about Freserves? Is it safe?

https://freserrves.com/  

Freserves is not a licensed or regulated broker even though it states offers that look good to be true. Freserves claims to be headquartered in the United Kingdom, however, we did not find any match results to Freserves in the registry of the UK regulator Financial Conduct Authority (FCA).

More importantly, both the Cyprus Securities and Exchange Commission (CySEC) and FCA issued warnings against Freserves for being a broker to provide financial services and products without authorization and regulation. You can check full warnings from CySEC and FCA.

The truth is, Freserves is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Freserves and trade with licensed brokers.