Correncies Direct Limited

Correncies Direct Limited Review — Another Offshore Broker with a Polished Mask?

When we stumbled upon Correncies Direct Limited, everything looked surprisingly smooth at first glance. Slick website, bold claims about years of experience, and even a page about “regulation” to back it all up. Sounds familiar, right?

But if there’s one thing we’ve learned after investigating dozens of forex schemes, it’s this: the flashier the surface, the more likely something’s hiding underneath.

So we decided to dig. Not just look at what they say — but check what they actually do. And with Correncies Direct Limited, let’s just say… things started falling apart almost immediately.

From a suspiciously new website to a license issued by a regulator no serious trader would ever trust, this broker might not be what it claims.

In this Correncies Direct Limited review, we’ll break down what we uncovered — step by step. Because in the world of online trading, the danger isn’t always loud and obvious. Sometimes, it hides behind a smiling logo and a fake five-star review.

General Info — Correncies Direct Limited

At first glance, it seems they offer a wide range of account types and high leverage — up to 1:500. That might sound appealing, especially to inexperienced traders who dream of high profits. But remember: high leverage is a double-edged sword — and it’s often used by shady brokers to attract risk-takers they can burn quickly.

Their contact details include a UK phone number and a generic support email. But don’t let the “+44” fool you — plenty of scam brokers rent virtual numbers in the UK to seem more legit.

And again, the license is from MWALI, which carries no real weight.

All in all, it looks like they put effort into appearing professional — but every detail just reinforces the same idea: a polished front with nothing solid behind it.

Correncies Direct Limited — Argument 1: Domain Creation Date

When we started digging into Correncies Direct Limited, one of the first red flags popped up with the domain registration date.

According to the data we checked, their domain was registered on August 15, 2023. But here’s the twist — they claim the brand has been active since 2016.

Now think about that for a second. That’s a 7-year gap between the supposed founding of the company and the actual creation of their website. Why would any legitimate broker wait seven years to launch an online presence — especially in an industry that lives and breathes online access?

Unless… this isn’t the original company at all.

See, scammers love to borrow credibility from made-up timelines. Claiming they’ve been in business “since 2016” creates an illusion of trust and experience. But if the domain didn’t exist before 2023, how were clients finding them all these years?

There’s no mention of a previous domain, no archived pages, no rebranding explanation — nothing. Just a shiny new website with a fake backstory. And that’s what makes it suspicious.

Correncies Direct Limited — Argument 2: License Legitimacy

After taking a closer look at their licensing claims, we found something that really doesn’t sit right.

Correncies Direct Limited lists its regulator as MWALI International Services Authority — also known as Comoros Mwali. Now, for those unfamiliar, that might sound official. It might even look fancy on paper. But here’s the reality check: this so-called “regulator” is notorious for selling licenses to basically anyone with a few hundred dollars.

We’ve seen this trick before. MWALI isn’t a real financial regulator. They don’t monitor brokers. They don’t have enforcement powers. They don’t protect client funds. In fact, they’ve been exposed multiple times as a shell entity used by shady forex operations to appear legitimate.

So why would a broker that claims to be established and trustworthy choose such a weak, no-name regulator? Why not go for FCA (UK), ASIC (Australia), or CySEC (Europe) — all of which are respected and enforce strict standards?

Because real regulators ask real questions. They demand proof of capital, conduct audits, and hold companies accountable. And clearly, that’s not something Correncies Direct Limited is interested in.

Choosing MWALI says a lot. It’s not just a shortcut — it’s a deliberate move to avoid transparency. A real broker doesn’t hide behind offshore licenses that mean absolutely nothing in the real world.

Correncies Direct Limited — Argument 3: Fake-Looking Reviews on Trustpilot

We went straight to Trustpilot to see what real users had to say about Correncies Direct Limited. And what we found was… unsettling.

At first glance, the score isn’t great — just 3.5 out of 5. That’s already below the threshold you’d expect from a company that claims to be professional and experienced. But it’s not just about the number — it’s how the reviews look.

Most of the “positive” ones sound like they were written by the same person — or maybe the same AI script. They’re weirdly generic, with comments like “Great service,” “Very professional,” and “I made money fast!” There’s no mention of actual features, no specifics about how the platform works, no criticism at all. Just pure praise with no substance.

That’s not how real people write reviews.

And then you notice something else: timing. Several of these five-star reviews were posted close together — sometimes within days or even hours. Almost like someone was trying to quickly flood the page and drown out legitimate complaints.

Meanwhile, the negative reviews tell a very different story. Real users are complaining about withdrawal issues, unreachable support, and being ghosted after depositing funds. And unlike the positives, these reviews are detailed. You can feel the frustration in them.

So let’s ask the obvious: Why would a real company need to fake reviews? If your clients are happy, they’ll leave honest feedback. You won’t need to pay bots or freelancers to post fluff.

But Correncies Direct Limited seems more focused on looking good than being good — and that’s a huge red flag.

Final Verdict on Correncies Direct Limited — A Broker Built on Illusions

After digging through the details, the picture becomes painfully clear: Correncies Direct Limited is a textbook example of how scam brokers operate in 2024.

Let’s just recap what we found:

They claim to have been around since 2016, yet their domain was only registered in August 2023. That’s not just a small gap — it’s a full-blown identity fabrication. If they were truly active for seven years, where’s the digital footprint? Where’s the old website, the archived pages, the client base?

Then there’s the license. They proudly display regulation by MWALI — an offshore “authority” that’s basically selling regulatory stickers to anyone who asks. That’s not compliance. That’s theater. Real brokers fight to get licenses from trusted jurisdictions like FCA or ASIC. Correncies Direct Limited clearly isn’t up for that.

And if the fake license wasn’t enough, the Trustpilot page seals the deal. A sea of copy-paste positive reviews, dumped in tight batches, trying to cover up the more believable — and far more negative — feedback from real users. Complaints about frozen withdrawals, silence from support, and vanishing funds say more than any five-star bot ever could.

So what does that tell us?

Correncies Direct Limited isn’t trying to build long-term trust. They’re not building a brand — they’re building a trap. The site is designed to lure in fast deposits, not to provide reliable trading services.

Because let’s be honest: why would a legitimate broker need to fake their age, use a worthless license, and flood review sites with generic praise?

Simple answer — they wouldn’t.

And that’s why everything about Correncies Direct Limited screams: stay away.