Fin Art Media Review – Your Funds Are At Great Risk

Here we have the fine art of scamming, ladies and gentlemen. On the fraudster’s sophisticated website, the Fin Art Media Review was able to find ample evidence to reach this verdict. Hence, we will proceed to explain why this shady entity is dangerous. By the end of the review, you’ll know why we’ve convicted this trickster.  

On top of that, we seriously recommend you not to invest in the fake brokers Perlybit, NBI Markets, and EU Finance. Do not trade with these unlicensed brokers if you want to save your money!

Is Fin Art Media a Reliable or a Fraudulent Broker?

One thing to mention right off the bat is that Fin Art Media operates out of the Marshall Islands, thus it is an offshore provider. As such, it is highly unlikely that it possesses a license, especially given its base country. Wait! What about the owner, i. e. Cycle Core Inc? One word – fictional!

It appears that our fears were true, this indeed is an unlicensed broker. Truth be told, Fin Art Media never claimed to be regulated, at least not on the website. Even if it did, Forex trading is not regulated on the Marshall Islands, which means that we’re dealing with a despicable scheme.

Fin Art Media is not a licensed brokerage. The company is registered offshore and there are many complaints about it.

Why Is Trading On a Licensed Broker’s Platform Preferable?

Instead of trusting such a shady broker, try finding a reliable provider that is regulated. By regulated, we mean under the jurisdiction of top-tier financial market authorities such as the FCA, BaFin, ASIC, CySEC, etc. 

This way, you’ll ensure the safety of your funds. Also, in case anything happens, you can file a complaint with the aforementioned authorities.

Does Fin Art Media Offer Safe Trading Software?

According to the fraudulent broker’s website, clients are offered one browser-based and two downloadable platforms. Before we discuss each of them, we would like to warn you about manipulation. Scammers usually provide software like this. You see false profits and they see fat paychecks. 

WebTrader

WebTrader is the most common platform that scam brokers offer. In addition to the manipulation part we mentioned, this platform contains only basic features. Besides graphical objects and chart types, there’s little else. That’s why you should turn to top-notch software such as Meta Trader 4 & 5.

Platform For Desktop

This platform right here is straight-up monkey business. If you try to download it, your PC will warn you about suspicious files and malware. Thus, avoid it at all costs. Without a license, desktop platforms will always be dubious. 

Platform For Mobile

The same goes for the mobile version. It’s available only for Android. All the talk about “advanced tools for comprehensive analysis, financial news, alerts, and push notifications” is a lie. Mobile platforms lack certain tools compared to PC versions. That’s why beginners may find them harder for handling.  

Fin Art Media Accounts Overview

Here we have three account types. Apparently, Fin Art Media thought that bronze is for losers, so it skipped it and went directly to silver:

• Silver – leverage of 1:200
• Gold – leverage of 1:300
• Platinum – leverage of 1:400

What’s really bothering me here is that the phony broker did not say anything about the minimum amount clients are required to deposit. Major red flag…

Also remember the names of the Winnex Consulting, Coin Matrix and GMT Trading trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Fin Art Media – Countries Of Service

If you’ve been contacted by this fraudster, make sure to reject anything that you’ve been offered. Also, do not fall for its silver tongue and sweet talk. From what we’ve gathered, the pesky broker targets clients from the UK, Poland, Australia, and the Netherlands. If you happen to be from one of these countries, beware.

Leverage, Minimum Deposit, and Fees

Each account type offers higher leverage than the last. So, we have a range from 1:200 to 1:400. That’s fantastic if you want to reach the moon but keep in mind that what goes up, must come down. Seriously, if you’re a novice, avoid such high leverage because you can lose big time. Also, regulators have limited leverage to 1:30 for good reason.

When it comes to fees, the unscrupulous broker is pretty vague. There’s talk of fees but it’s kind of confusing. Plus, the minimum deposit amount was not disclosed. All we know is that Fin Art Media accepts only credit/debit card payments.

Partnership And Promotions 

“Promote our website wherever you are” – what a wonderful euphemism for ‘help us scam other people too.’ Of course, partnerships, affiliate programs, referrals, etc. all serve the same purpose – to attract as many people as possible to invest and lose money to a vile pyramid scheme. Fin Art Media’s lies obviously rely on this method to gather victims.

What Is Known About Fin Art Media’s Trading Conditions?

As we’ve already said, the leverage is way too high for normal retail clients for the broker to be considered legit. Regulations exist to prevent financial markets from becoming the Wild Wild West.

And no, we don’t care that the broker offers competitive and tight spreads (0.6 pips). It simply doesn’t compensate for all the shadiness and diabolical intentions. 

Scammed by Fin Art Media Broker? – Let Us Hear Your Story

Don’t feel embarrassed or ashamed if you’ve been scammed by this offshore broker. Instead, keep your head up and try to alleviate the damage. This is where we come in. In addition to helping you report the fraudster, we will also tell you a thing or two about a chargeback!

But What Is A Chargeback?

A chargeback is a method used to reverse credit/debit card transactions. You need to request a chargeback at your issuing bank within 540 days. However, if you provided the scammer with personal documents (i. g. ID card, passport), this process will fail. Thus, be careful and mindful when engaging with suspicious online entities.