FRIC

FRIC is a financial entity registered in the United Kingdom, with an official website at fric.io. It was founded on 28 March 2022, according to corporate records. The company lists its registered address as 9 Charles Street, London, W1J 5DL.

As of the time of this review, FRIC does not hold any known regulatory licences from the Financial Conduct Authority (FCA) or any other major financial regulator. This lack of oversight is a significant factor for potential clients to consider when evaluating the firm's credibility and the safety of their funds.

FRIC is a private limited company incorporated in the United Kingdom. Its incorporation date and registered address are matters of public record. However, the firm has not obtained authorisation from the FCA, which governs most financial services firms operating in the UK.

Without a regulatory licence, FRIC is not subject to the client money protection rules, compensation schemes, or dispute resolution mechanisms that regulated brokers must provide. This absence of regulatory oversight places a greater burden on clients to perform their own due diligence.

Based on the information available, FRIC offers three account tiers: Super, Long Terms, and Ambitious. Each account type has a range for minimum deposits, but no maximum leverage figures are provided.

The Super account requires a minimum deposit between $2,000 and $100,000,000, suggesting it is intended for high-net-worth individuals or institutional clients. The Long Terms account has a lower entry point of $100 to $100,000,000, potentially catering to longer-term investors. The Ambitious account sits in between with a $500 minimum, up to $100,000,000.

The lack of clarity on leverage, trading instruments, and spreads makes it difficult for traders to assess the suitability of these accounts. The deposit ranges are unusually wide, which may indicate a flexible or customisable structure, but also raises questions about the firm's standard terms.

Given the high minimum deposits for the Super and Ambitious accounts, FRIC appears to target financially substantial clients. The Long Terms account, with its lower $100 minimum, may be aimed at more modest investors.

However, the absence of publicly available information about trading platforms, supported instruments, or execution methods limits the ability to define a clear target audience. Traders seeking a transparent, regulated environment are unlikely to find FRIC suitable at this stage.

FRIC is a UK-registered firm that has been in operation since 2022. Its account offerings are diverse in terms of deposit ranges, but critical details about leverage, instruments, and regulatory status are missing.

Potential clients should approach with caution due to the lack of regulatory oversight and the limited independent information available. Conducting thorough due diligence is essential before committing any funds.