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ALERT | Finomarkets Review: Is it Legit or a Scam

Finomarkets logo
1.5
Rated 1.5 out of 5
Scam Company
1.5 out of 5 stars (based on 2 reviews)

FINOMARKETS INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
Finomarkets
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
251 Southwark Bridge Road, London, SE1 6FJ, United Kingdom
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
+44 1268 437995 (U.K)
CONTACT EMAIL:
WEBSITE URL:
https://www.finomarkets.com/
WEBSITE IP:
172.67.197.109
IP COUNTRY:
United States
DOMAIN CREATION DATE:
2021-03-16
HOSTING:
CloudFlare

What Is Finomarkets About?

Many of us have heard the name Finomarkets going around in the industry, which is why we decided to dig deep into this agency and see what all the hype is about.

Upon further research, what the experts at the Claimers have found out is that this agency is making some very questionable choices, showing red flag behavior, and so much more. Keep on reading our Finomarkets review to understand why we do not push or recommend that you work with this organization when it comes to trading options!

What Is Finomarkets Offering To Its Clients To Grab Their Attention?

Initially, just a small trading platform, FinoMarkets, as they claim, has grown into one of the biggest global providers of financial services. 

This company aims to offer clients strong trading tools and complex investing techniques, all in compliance with the highest standards of security, service, and support that have always served as their compass – however many individuals have claimed that this is certainly not the case. 

As they claim, it is the first platform to successfully combine the most significant traditional asset classes with cryptocurrency and assets is FinoMarkets.

To pull in consumers, Finomarkets is making use of a multi-pronged approach. They are advertising themselves as a transparent agency that offers maximum security when it comes to trading, they take charge, and provide various trading options.

Is Finomarkets Legit Or A Scam?

A new unlicensed and unregulated cryptocurrency CFD and forex broker named FinoMarkets launched on March 16th, 2021.

To determine whether a FinoMarkets broker is legitimate or not, we looked into them, and it is clear that they are not. There is no trustworthy information about the company’s actual location online, making it a complete ghost.

They also have a lot of complaints, excessive leverage, and incorrect information on their website, which are all signs that they are a scam. If I were in the trading industry all these signs would only make me do one thing – RUNNNNN!

If you were scammed by an offshore broker, then contact TheClaimers to get your money back. We can help you because we are partnered with the best asset recovery firms in the industry.

Is Finomarkets Licensed?

Finomarkets fca

Source: https://www.fca.org.uk/news/warnings/finomarkets

Regional agencies that ensure they’re following the law regulate CFD and FX brokers to make sure they’re operating legally. Our FinoMarkets study found that while claiming to be situated in England, they are not registered with the FCA of the UK.

In actuality, they are not registered with any form of regulator at all. This indicates that no one is checking their books to ensure that trader funds are being paid out. Can Finomarkets be trusted? No, they could disappear without a trace and take all of your money with them because there is no compensation fund in case they fail.

HAVE YOU BEEN SCAMMED AND NEED HELP IN FIGHTING BACK?

Scammers can create complex scams that can trap even the most cautious of people. But it’s not too late because we can help you track the damage done by scammers. We can help you get your money back!

Trading with an unregulated broker is almost usually a bad idea, and the broker at FinoMarkets is unregulated. According to our FinoMarkets analysis, the company didn’t start operating until 2021. There haven’t been any explicit cautions about the broker as of yet because it takes time for financial regulators to look into these kinds of frauds.

The FCA regularly issues warnings to stay away from unregulated brokers in general and unregulated CFD brokers in particular.

Finomarkets Opinions On Review Sites, Social Media, And Contact Information

Review sites view the company as a scam. Trustpilot rates FinoMarkets at 3.7. Half of the reviews are bogus 5-star ratings from the company. Their victims left 1-star reviews. They give the same details each time.

When they sought to cash out, they got nothing for their investments. A review stated that if you want to invest money in the market, do not trust Finomarkets.

They are scammers that will offer you high profits on your investment, open an account for you, and hire individuals like Sean Fisher to look after you, but no matter how hard you try, they won’t give you anything. Another review stated that please, for the sake of your mental health, avoid doing business with this company.

Finomarkets review

There isn’t any trustworthy customer service! Avoid going through the stress I did to get my money back! It took over 4 months of looking to find a trustworthy recovery firm like Phoenix Souls after losing over $15500.

Additionally, they have a nonexistent twitter presence at https://twitter.com/FinoMarkets. Furthermore, the Polish authorities have issued a warning about Finomarkets on Facebook. The fact that the website’s creators are anonymous is a poor indicator of transparency for a company providing financial services.

Comparing Finomarkets To Other Well Established Companies

FinoMarkets’ trading platform is mysterious. It offers MT4, MT5, cTrader, and more. The MT5 download link is generic. There’s no logo or brand name. It suggests the broker borrowed the platform but didn’t pay to personalize it because it won’t hold customers long. Until they were tricked. When offered by FinoMarkets, MT5 is meaningless.

The 3 FinoMarkets offers are suspicious as well:

  • Silver
  • Gold
  • Platinum
crypto agent online

Gold accounts get weekly market evaluations and Platinum 5 accounts get protected trades. FinoMarkets’ minimum deposit for any account type is unknown.

Scam brokers rarely provide details. Account managers talk to consumers, evaluate their financial status, and then request funds. Someone starts with $250, and the other person is offered $1,000. Initial deposits vary by account type. Never invest with a company whose terms and conditions aren’t clear.

You have a lot of online options for Crypto and Forex CFD brokers, so you should start by looking at some well-known regulated brokers. ForTrade is a well-known CFD broker that holds an IIROC license in Canada.

However, Binance.com provides better deals, greater teaching for cryptocurrency beginners, and already has a community established.

How To Get Your Money Back If Finomarkets Scammed You

Social Media Scams!

If you lost money on FinoMarkets, don’t worry. You’re not the first or the last. Even the most diligent investors make mistakes; utilize them to learn.

First, call the police, local regulators, and other crime and fraud agencies. Deactivate your cards and contact your bank to let them know what happened; they can help you reduce financial damage.

If you deposited cryptocurrencies, you can’t do much, but if you used credit/debit cards, you can file a chargeback. The good news is that aid is available. The Claimers is available 24/7 and has helped consumers around the world connect with companies that have aided helpless investors in recovering thousands of dollars. 

Lastly, share your experience to protect others and explain how fraud works.

If you by chance get scammed, you need to report the incident and get in touch with a company like TheClaimers. We are going to help you get in touch with a reliable asset recovery agency and provide you with one on one consultation!

TheClaimers partners with the most trustworthy & capable scam recovery organizations.

Once you consult with us, we will be able to assist you solve your problem and refer you to the top asset recovery companies that will get your money back!

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