Frega

I invested in Frega "airdrops" and joined their Zoom calls, which constantly promised the launch of a "Super App" with "Flash Offers." But in every call, only static design mock-ups were shown - never a working product. Without a functioning app or real merchants paying fees, the promised "syndicate pool" that is supposed to generate daily payouts cannot exist. "Airdrops" are marketed as appreciating, income-generating assets, but in reality they only work if more people keep buying in. Director Peter Delaney also personally promised me a refund, then went back on it and warned me not to report my experience to regulators. He has even claimed Frega had "17 UK government R&D grants," but in later emails admitted these were routine HMRC tax credits, not competitive government grants. I reported Frega to Action Fraud, the FCA, and Trading Standards. Both Action Fraud and the FCA told me that, based on the information I provided, it "looks like a scam." From what I've seen, Frega resembles what regulators often describe as a Ponzi-style model.

When I became part of the Frega platform in 2014, I was inspired by two main points of difference in the ethos of this business.
Firstly
It is jointly owned by all who participate, and even if they do not pay much or even anything at all, they can receive a share of the income generated. Unlike other businesses, there is no one person sitting at the top pulling in the main share of money; many people share in all little bits of money from each transaction. Transactions, and any associated fees, are carried out in the domicile currency, these are mainly converted to Great Britsh Pounds and spread around in little bits to thousands of people from each transaction/fee, enabling people in poorer countries to pay less and earn back relatively more than in USA Europe etc.
Secondly
The person who told me about it said it is such a huge vision that it will not happen overnight, but in my experience so far it always delivers, even though it takes longer, (often way longer) than expected. I have found this to be true. The main reason is the progress cannot be linear, one thing at a time in sequence, but many things interlinked for them all to work together.
Yes at stages it did seem the goal posts were moving further away, but all the time more apps are becoming functional at a fast rate of knots. This includes:
Hubs, Weblets, Rooms calling, Consultants to help newcomers, all in use for some time now.
BaaS accounts just now functional,
Internal trading exchange was merely days away when I wrote this review, now operational. I am ready to encourage anyone to join us, to see if we can make it work for you. You will find even if not, it will likely only be a short haul.

I don't doubt the commitment of the people behind Frega, whom I've known since their Real Stew days, however I've always found it hard to understand why anyone would use this service and/or invest in it. There have been grand announcements over the years about being on the cusp of making it big, but the user group has remained relatively small and I just don't see it happening for them. I wish them well.

Since been involved in Frega I have seen may improve changes to using the site. Best of all, once you have sign up and can only b e done by invitation, you are able to earn. You can have a cover page to promote your business.

Very hard to deal with i had $2000 invested in real stew i somehowt got transfered to frega i cant access it. Frega reminds me of real stew promiseing lots but always under developmenr and not working properly

Seen nothing but tireless dedication by Barrister/ Mathematician Delaney and crew, deserving success

I have been with Frega for several years & find its solution focused approach which consist of a universal cooperative of members which I am one that is very refreshing. Its applications are very effective and provide many opportunities for success. Their is a box that we have to tick to certify that we are not affiliated with this business. However my dilemma in writing this review is that every member who registers automatically become a sort of affiliate. The photo is of one of my topicPlus weblet/hubs.