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Definite Area Review

Definite Area Reviews

Definite Area was an unregulated Crypto / Forex CFD Broker, that opened on April 8th 2022. Their website no longer is accessible.

They are not a recommended broker, because they do not disclose their corporate name or address. The only contact information available is a phone number in the United Kingdom of: +442035355844. For withdrawal problems or complaints read this.

Customer support email address is: [email protected]. Official website was at: https://DefiniteArea.com/. 

Definite Area Broker Reviews

While reviewing this new broker called Definite Area, we see that they offer their investors a full range of CFD’s for trading on Forex, Stocks, Crypto Currency, Metals and Oil. The trading app you see on their website is similar to the Sirix web-based app. If you are looking for a mobile trading app, you will need to keep looking.

Since you are a newbie day trader / investor, you should first learn the difference between trading and investing. Investors utilizing a CFD (Contracts for Difference) broker, are only day trading and looking to profit from the underlying assets price movement. You do not actually own the underlying asset or crypto currency.

Definite Area officially offers you 7 different trading account types, however the minimum deposit is still $250. Like all offshore “Get Rich Quick” brokers, you quickly receive a phone call from their salesmen, asking you to make a larger investment.

Look here and see what a licensed broker offers!

Definite Area Reviews

The News Spy Trading App

Newbie investors usually get hooked into investing via a trading app like The News Spy. Just like you, we also found this new broker, because we took the bait and signed up for The News Spy App. The problem with trading apps is, that most of them don’t make money, and you lose your investment fast.

This broker offers investment plans, which is a huge red flag! There is no such thing as a CFD broker offering investors managed accounts. It is similar to walking into a casino, and they offer you a professional gambler to play the slot machine for you.

Take a few minutes and educate yourself on the pitfalls of using an automated trading app, read this.

Is Definite Area a Legit Broker?

No, Definite Area is not a licensed CFD broker, and does not have any Government regulator oversight or license. CFD brokers in Sweden must be licensed by Finansinspektionen, and brokers in the United Kingdom need a license from the FCA.

Brokers that offer investing or day trading on Crypto Currencies, Shares or Forex is considered an investment service, which means they are required to have a license from your governments regulator. The difference between a licensed broker and an unlicensed broker is; who will insure your money when the broker goes out of business? Read more.

Compare Regulated Brokers

You can choose from more than one hundred licensed Forex brokers! Have a look at these popular licensed Forex brokers.

ForTrade is a popular broker, that is licensed and regulated in Cyprus and United Kingdom, see here.

Try a Free Demo Account on their multiple trading apps, signup here.

If you already invested money at DefiniteArea, please share you thoughts in the comment section below.