FinoMarkets Broker Review – Reasons To Avoid FinoMarkets.com Scam

As a trading and exchange brokerage, FinoMarkets offers trading and exchange services. The address is in the UK, but no official owner or license number exists.

This, in itself, is suspicious, so we are investigating further. Check out our FinoMarkets review and see what we found. Also, read our reviews of Vertex Traders, Global SwissProt, and Integral. Your money is at risk without a doubt!

Scam Broker Status: Unregulated  

Broker Regulation:    Unlicensed Forex Provider / Unregulated  

Websites of scammers:    finomarkets.com  

Forex Trading Scam: Active  

Scam listed by:    FCA, CONSOB, OSC  

Owner of the broker:    N/A  

Country of headquarters:    UK (allegedly)  

Year of foundation:    2021  

Platform:    MT5  

Trade on the go:    Available  

You will need to deposit    N/A.  

Bonus: None  

Trading Crypto:    Available  

Trading CFDs is possible:    Yes, you can trade CFDs  

The instruments we trade: FX, shares, cryptocurrencies, commodities, indices, commodities, indices.  

Leverage maximum: None  

Islam Account: Not available  

Live accounts only, no demo accounts  

US clients are not accepted:    US traders are not accepted.  

Fraud Protection Team: Do Not Invest in This Scam Broker!

Is FinoMarkets a Scam Crypto and Forex Provider?

FinoMarkets does not list its owner on its website. The company’s address is in London and is based in the UK. FCA licenses are required by investment brokerages offering financial services in this country.

FinoMarkets regulations were not found with the FCA or any other Tier1 license provider such as ASIC, BaFin, FINMA, CONSOB, etc.

It is always risky to invest in unregulated schemes. There can be a hidden boiler room anywhere, or the company can be based offshore. No regulator can reimburse you for the money you lost after your deposit is made.

Finomarket scam alerts issued by the FCA, CONSOB, and the OSC

An investment firm rarely receives three separate warnings. All these authorities had no choice but to act quickly in light of the FinoMarkets trading scam.

Due to FinoMarkets’ claim to be based in the United Kingdom, the FCA denied the broker’s license and warned citizens they would not be entitled to FSCS compensation if there were any problems. A fraud domain list has been updated with finomarkets.info by the Italian CONSOB. Finally, the Canadian Securities Commission has issued a warning regarding the FinoMarkets broker.

Where Do FinoMarkets Scam Victims Live?

The scam has been active since March 2021, mainly targeting:

• Canada
• France
• Italy
• Spain
• Belgium

Beware of scammers such as Antrush, Skyshell Trading, and 365Falcon. Would you mind sharing your fraud experience with us?

What Can FinoMarkets Fraud Victims Do? – Start the Money-Back Process

Please notify us immediately if you have fallen victim to the FinoMarkets scam.  Global Fraud Protection deals with scammers. Also, our team is here to assist you with getting a refund.

To get your money back, contact us via online chat today. Our chances of success increase the earlier we begin.

You can also read our Formax Prime Review