FinoTrend Broker Review

FinoTrend Broker Review – Is FinoTrend.com a Scam or a Good Broker?

At first glance, FinoTrend’s broker appears nice and decent. The website seems to be in order, the trading assets are appealing, and everything appears to be in order. There is, however, one thing missing, which is essential when investing—a license.

In our honest review, you’ll find out everything you need to know about FinoTrend. You may also be interested in reading our recently updated reviews of Ruby Finance, AvaTrade, and XTB scam brokers. To those unaware, the investment offers they make seem too good to be true!

1. Scam Broker Status: Unregulated
2. Unlicensed company / no regulation
3. Websites of scammers: finotrend.com
4. Trading Status: Active Forex Scam
5. Scam listed by: N/A
6. Owner of the broker: N/A
7. Country of Headquarters: N/A
8. The year of foundation is 2021
9. Platforms for online trading: WebTrader
10. Trading on mobile devices is available.
11. The minimum deposit: 5,000 euros.
12. Bonuses for deposits: None
13. Trading Crypto Assets: Not Available
14. Trading CFDs is an option: Yes, you can trade CFDs
15. Trade Forex (FX) / Commodities / Indices / Shares / Futures
16. Leverage maximum: 1:50
17. Accounts for Muslims: Available
18. Demo account: No, only live performances are available
19. US traders are not accepted: US traders are not accepted.
20. Fraud Protection Experts’ Verdict: Don’t invest in this scam broker!

Is FinoTrend Regulated? – Why Does It Matter?

However, here are some basics to get you started. When a broker is not regulated, it can run with your money without following any rules. When selecting an investment firm, a license is of utmost importance.

There is a compensation fund that the regulator will use to reimburse you if something goes wrong. 

Regulators at Tier1 are very strict about it, requiring compensation of over 700,000 EUR. As for the FinoTrend Forex firm, we have no idea who is behind it; all we know is that it is a brand name in the EEA zone; we have checked every register in that region.

Scam Warnings Against FinoTrend

The Belgian regulator FSMA has issued an official warning against FinoTrade following many complaints. Also, this warning was later republished by the Italian CONSOB.

Official Warning Issued by FSMA – Evidence of Fraud

The broker FinoTrend has no registered domain and does not have a license to provide financial services, according to FSMA. The FinoTrend trading scam should be reported immediately by anyone who has been involved.

Additionally, think twice before investing with 500 Investments, Solid Markets or UKG Forex brokers.

Where Is FinoTrend Trading Scam Active?

According to our review, the broker is primarily active in Belgium, Canada, the Netherlands, Germany, and the UK. There are no restricted areas, and it seems to target the entire EEA zone, so wherever you live, do not accept any offers from this company.

Scammed By FinoTrend Broker? – Talk To Our Recovery Experts

In case you fall victim to FinoTrend’s scam, let us know. We at Global Fraud Protection are here to help you with the refund process and get your money back. Make sure your hard-earned money does not disappear into the hands of scammers.

Using online chat, we can schedule a free consultation and start the recovery process right away.