Definite Area offers both brokerage and investment services. However, the company tells very little about itself. There are not many reviews about it either. Therefore, we will check its offers very carefully. Perhaps this is another anonymous scam.
- Definite Area General Information
- Registration and Client Portal Review
- Definite Area Trading Conditions
- Account Types Review
- Trading Platform
- Definite Area — Deposit and Withdrawal of Funds
- Additional Options
- Is Definite Area a Scam?
- Legal Information and License
- Definitearea.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Definite Area General Information
|Phone Number||+442035355844, +3197010265364|
Registration and Client Portal Review
The official website of Definite Area looks frankly poor. It seems that its creators did not have enough money to hire professionals. The design here is poor either. A typical black background is used. There are very few sections in the menu. There is practically no information about the company itself at all. At the same time, huge banners greet you. “Open door to new opportunities.” That’s how the broker characterizes itself. However, do not rush to open an account here. We will do it for you.
It’s easy to open an account on the Definite Area website. The registration form consists of several fields:
- First name
- Last name
- Country of residence;
- Phone number;
- Email address.
Then you should come up with a strong password that will serve as an entrance to the platform. To confirm the contact details, you have to click on the active link that the broker will send in the email.
However, how long you will wait for an email with a confirmation link is a real mystery. We had to wait for several hours and still nothing was sent.
Nevertheless, it is known that the Client Area on the site is combined with the trading platform. You can fund your account there, make a withdrawal request, make changes to your account settings, or go straight to trading.
Definite Area Trading Conditions
The company offers not only trading, but also several investment plans. Unfortunately, they are not described in detail. There is no data on where Definite Area invests money so that you make a profit. Besides, there is no data about how much profit you will get in general. The only thing that can be understood from the description of investment accounts is that the more you invest, the more you will earn.
Account Types Review
Definite Area has several types of accounts. They differ in the amount of deposit and some additional services.
|Name||Amount ($)||Insured Trades||Package of services|
|Standard||250||—||Personal Account Assistant|
|Bronze||3,500||1||Educational course, bonus|
|Silver||10,000||4||Investment strategy, bonus|
|Gold||25,000||8||Senior Financial Adviser, preparation of a financial plan|
|Platinum||50,000||16||Bonus, trading signals, advanced strategy|
|Pro||100,000||16||Premium Bonus, Professional leverage|
As you can see, Definite Area does not disclose basic information. It is not specified what leverage it gives to customers. Additionally, nothing is said about spreads, swaps, and other important parameters. According to reviews, trading on a Standard account is very inconvenient, since you will only have access to a limited number of assets. To get the next account, you will already have to fund your account by 3.5 thousand dollars. By the way, there is not even a demo account on the site. There are no swap-free or micro-accounts here either.
The trading platform exists only as a web version. There is no smartphone or PC app. By the way, this WebTrader is very inconvenient for customers. It has quite a few indicators for technical analysis in it.
Definite Area — Deposit and Withdrawal of Funds
Definite Area offers you to fund your account in several ways. Among them are a credit card, a wire transfer, and a cryptocurrency transfer. You can also withdraw money using one of these methods.
Unfortunately, the minimum withdrawal amount is not specified. However, it is written that the withdrawal of money can take from one to seven days. Besides, the broker may change these conditions and delay the withdrawal. In this case, it will only warn you by email or phone that the withdrawal is delayed for several days.
Definite Area asks customers to pass verification. However, you can fund your account without it. You will need to pass verification at the first withdrawal of money.
You have to provide color copies of your passport, ID card or driver’s license. You’ll also need to send scans or photos of the utility bill. If you deposit your account with a credit card, you will need to take a picture of the front and back sides of it. Of course, the CVV code and some numbers on the card need to be closed.
Among the additional services, the broker highlights education and analysis. However, just look at these sections on the site. They will make any experienced trader just laugh. In the section with education, Definite Area collected 12 terms in a glossary. In the analysis section, traders are briefly told about what technical and fundamental analyses are. At the same time, if you open the website of any licensed broker, you will find there 10 times more materials for self-study.
Is Definite Area a Scam?
The broker’s services do not inspire us with any confidence. Definite Area shows several signs of a scam at once, because of which you definitely should not work with it. Let’s take a closer look.
Legal Information and License
We have already mentioned that the broker discloses little information about itself. So, nowhere on the website or in the documents will you find information even about the name of its management company. Judging by the phone number, we can assume that the company is registered in the UK. However, there is no information about a firm with this name in the register of legal entities. Definite Area does not even give the address of its headquarters. So we can conclude that it still does not have an official registration.
Of course, in this case, the broker also does not have a license. However, this can already be understood by its trading conditions. Even though Definite Area does not disclose information about leverage, it offers bonuses to the account. That is contrary to the norms of European regulators. Therefore, this company definitely does not have a license.
Definitearea.com Domain Info
The broker does not provide any information about the management company. It also does not say when it started working at all. We suspect that not so long ago. The first reviews about this project appeared only in 2022. Therefore, we checked the domain info and found out that the site was created on March 11, 2022. Of course, if a company works in the industry for so little time, then it has nothing to brag about.
Among the contact details you will find only a phone number and an email address. However, we tried to reach Definite Area support. Unfortunately, no one answered the phone. Traders in the reviews also complain about the long wait for responses to appeals.
To the additional negative features of the broker, it is worth adding a disclaimer of any responsibility. Definite Area promises you trading signals and a market overview, but the qualification of analysts is not confirmed by anything. They are not responsible for their advice, even if you lose your deposit. Besides, the broker has the right to interfere in the trading process and change the size of your trades, leverage, spreads, and other parameters.
Pros and Cons
- Small minimum deposit.
- Short working time.
- No official registration.
- Negative reviews.
- No license.
- Denial of liability.
- Interference in the trading process.
Frequently Asked Questions (FAQ)
It offers CFD trading and investment services. You can trade or choose one of the investment plans.
According to the description of the accounts, you have to deposit at least $250.
No, it is not. Definite Area is a scam company without a legal registration and license to work. The project offers financial services illegally.