Broker Review

Unauthorised Firm Details

Name: Freebnk.io
Website: freebnk.io

Warning: Serious Regulatory and Fraud Concerns Raised Against Freebnk Holdings Limited (freebnk.io)

Freebnk Holdings Limited, operating under the domain freebnk.io, has recently drawn significant concern within the financial community following multiple red flags — including an official warning issued by the UK’s Financial Conduct Authority (FCA), the use of misleading corporate information, and a growing number of reports linking the firm to potentially fraudulent activities.

Misleading Contact Information and False Claims of a UK Base

In reviewing the information listed on Freebnk Holdings Limited’s website, we found that the company claims to be based at 71–75 Shelton Street, Covent Garden, London, UNITED KINGDOM. However, this address is often associated with virtual office spaces and mail forwarding services, and it is commonly used by shell companies or entities attempting to appear legitimate while lacking any real physical presence.

Moreover, the company’s listed phone number and other contact details appear to be either non-functional or unverifiable. This raises serious doubts about the firm’s transparency and willingness to be held accountable by customers or regulators.

Any legitimate financial institution operating in the United Kingdom must obtain appropriate authorization from the FCA. Freebnk Holdings Limited does not appear on the FCA’s register of approved firms, confirming that it is operating in the UK market illegally — without the oversight or compliance requirements that protect consumers from fraud and misconduct.

Unauthorized Financial Services and White Paper Discrepancies

In addition to the regulatory concerns, our investigation found that freebnk.io is currently offering a range of financial products and services  including what appear to be crypto-based investments and DeFi (Decentralized Finance) features for which they have no legal authorization.

There is also a notable lack of clarity and consistency in Freebnk’s white paper, the core technical document used by crypto and fintech companies to outline their project’s functionality, tokenomics, and compliance framework. Several sections of the white paper contradict each other, contain vague or unverified claims, or fail to disclose crucial details about the firm’s operational model, licensing, or security protocols.

This level of inconsistency is highly unusual for any legitimate financial or crypto project and may be indicative of attempts to mislead or confuse potential investors.

Multiple Reports of Fraudulent Activity

As part of our deeper investigation, we received several first-hand accounts from individuals who claim to have been defrauded after interacting with Freebnk Holdings Limited. Common complaints include:

• Sudden loss of access to funds

• Disappearing customer support

• Withdrawal delays or denials

• High-pressure sales tactics

• False promises of guaranteed returns

Additionally, many verified review platforms have been flooded with negative feedback and scam allegations against the company. In many cases, users were unable to recover their funds and were left without recourse after realizing the platform had no legal standing or consumer protection mechanisms in place.

Conclusion: Strong Warning Against Engagement

Based on the available evidence of the use of false business information, lack of regulatory approval, internal inconsistencies, and numerous fraud reports we strongly advise the public to exercise extreme caution and avoid any dealings with Freebnk Holdings Limited or its associated platform, freebnk.io.