FinanBelt Review – Should You Trust FinanBelt.com Broker And Why?
FinanBelt is an online Forex and CFD trading provider with no details. Usually, when a broker hides information, it’s for a good reason. It implies that the firm is unregulated and tries to stay under the radar. Read our review to find out why FinanBelt is not a recommended investment firm.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||AMF Quebec, Central bank of Russia|
|Types of Assets:||FX, commodities, indices, shares|
|Free Demo Account:||Yes|
|Accepts US clients:||Yes|
What About FinanBelt Regulation?
FinanBelt is an anonymous brand that hasn’t disclosed the owner or the legal jurisdiction. The Terms and Conditions, where all the main information should be present, don’t exist. If you try and access it, you will see the message “404: Page not found.” Therefore, we can already conclude that the broker operates without regulation.
Why Must A Broker Have a License?
If you care about your funds and your safety, you want to have a regulated broker. They cannot sell your personal information, steal your funds, or vanish. Unfortunately, FinanBelt belongs to an unregulated group, meaning that every penny you invest along with any information you provide is at risk.
FinanBelt Warnings From Financial Regulators
FinanBelt has been marked a scam in Canada and Russia.
The AMF of Quebec added finanbelt.com to the list of fraudulent domains and warned Canadian citizens not to get involved.
A similar warning was later issued by the Russian Central Bank.
Traders Reviews About FinanBelt
Traders’ reviews confirm what we already suspected. The broker has links to AnyDesk and TeamViewer on the main page and prompts clients to install this software. Once it’s installed, an account manager can access the device and clients’ online banking or crypto wallet and simply transfer everything to the broker or themselves.
What Platforms Does FinanBelt Offer? – Available Trade Software
FinanBelt offers access to MetaTrader 5, which would be terrific news if the platform didn’t belong to another firm.
FinanBelt Provides Access To The MetaTrader Platform
The broker’s platform belongs to Capital Forex Live, meaning that these two fraudulent firms cooperate. Any details you share with the FinanBelt broker will be exposed to the third party, which you don’t want.
Despite MT5 being a prestigious software, we still advise against it in this case.
All About FinanBelt Accounts
The company has 3 account types:
- Silver – $500
- Gold – $5,000
- Platinum – $10,000
Accounts differ in leverage, priority support, personal account management, etc. Also, the broker’s minimum deposit is $500, double the industry standard.
Does FinanBelt Have A Demo Account?
FinanBelt does have a Demo account, but it means nothing to you. While using virtual money, you may think this is a legitimate investment company. However, your problems will start once you deposit real funds and need to get a withdrawal.
FinanBelt – Operating Countries
The broker mainly targets residents of France, Germany, and Canada and allegedly provides support in clients’ native language. While it may be nice to have investment services in your own language, you certainly don’t want to be a victim of the FinanBelt trading scam.
FinanBelt Range of Trading Instruments & Markets
The broker offers trading in four major markets, including:
- Currency pairs – EUR/USD, USD/JPY
- Commodities – gold, oil, silver
- Indices – NASDAQ, Dow Jones
- Shares – Apple, Amazon, Facebook
Additionally, remember the names of the trading scammers Trade Union, Swiss FX, and Gravity Trade and stay away from them! Therefore, constantly examine the background of online trading companies before investing!
FinanBelt Bonus Policy
The company offers several bonuses, including affiliate bonuses, deposit bonuses, and refer a friend bonuses. While claiming to provide the most lucrative bonuses and incentives in Europe, you should be aware that regulators prohibit such giving. Since scam firms are abusing these and requiring clients to repay millions before being eligible for withdrawals, legitimate firms are not allowed to provide anything you haven’t deposited yourself.
Also, the Bonus Policy doesn’t exist showing the same error as the Terms and Conditions.
Accessing Your Bank Account With AnyDesk and TeamViewer
As mentioned, this firm is accessing your device and online banking through remote desktop apps – AnyDesk and TeamViewer. that is to say, an account manager may convince you to download the software, telling you it’ll help them explain the market and the trading platform. In fact, their goal is to access any account or wallet where you keep the funds and make a transfer. Also, it’s hard to prove that you haven’t approved the transaction since the money left your online banking from your IP address and your device.
FinanBelt Trading Conditions and Leverage
The broker offers unknown trading conditions, bragging about being lucrative and commission-free. However, we have no details. Besides, the leverage goes up to 1:100 against regulatory rules, making this firm risky and untrustworthy.
FinanBelt Deposit, Withdrawal Methods, and Fees
If you want to deposit your funds, which we highly doubt at this point, you can use the following payment methods:
- Debit/credit cards
- Wire transfer
Since there’s no Deposit and Withdrawal Policy, we know nothing about the fees. Usually, scam firms will ask you to pay 20% or more under the name of alleged fees and taxes before approving the withdrawal request.
Scammed by FinanBelt Broker? – Let Us Hear Your Story
If you were scammed by FinanBelt or a similar bogus broker, let us know. Our chargeback specialists will evaluate your case during a free consultation to help you get your money back.
But What Is A Chargeback?
This is one of the ways for your bank to reverse the fraudulent transaction and recover the funds. Don’t waste time; contact us right away, and let’s start the process before it’s too late!
What Is FinanBelt?
FinanBelt is an online Forex and CFD trading provider without a license.
Is FinanBelt a Scam Broker?
FinanBelt is an anonymous scheme firm without a regulation.
Is FinanBelt Available in the United States or the UK?
The company provides its services in both the UK and the US.
Does FinanBelt Offer a Demo Account?
Yes, FinanBelt offers a Demo account, but it means nothing when the firm has no license.