Finazio Review – Official Warning by CNMV Againast Scam
Finazio Review – Official Warning by CNMV Againast Scam

Finaz or Finazio broker is currently another inactive domain waiting for everyone to forget about the scheme before it’s back big time. As’s the case with most offshore firms, once Finazio was blacklisted, it decided to lay low and let everyone think it was over. Read our Finazio review, and you’ll understand why we suspect it’s not.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Scammers Websites:
Blacklisted as a Scam by: CNMV
Owned by: Ltd
Headquarters Country: Marshall Islands
Foundation year: 2020
Supported Platforms: WebTrader
Minimum Deposit: $250
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:100
Free Demo Account: No
Accepts US clients: No

What About Finazio Regulation?

Finazio was a brand name of Ltd from the Marshall Islands. With this country being offshore and its regulator being one of the loosest ones, no wonder Finazio felt good enough to set up its scheme there. 

In addition, we strongly advise you not to invest in ThunderEuroTrades and FX Elite Trader fraudulent brokers.

Why Must a Broker Have a License?

Brokers need a license in order to form compensation funds, follow specific regulatory rules, and be supervised. When there’s too much money involved, one can easily decide to disappear. This is why regulation ensures that clients will get their funds back.

Of course, Finazio never bothered to opt for a license. As such, once the firm vanished, many clients were left with no refund options.

Finazio Warnings From Financial Regulators

Finazio has been blacklisted by the Spanish CNMV after numerous clients in this country filed a complaint. It looks like Finazio was another boiler room of PandaTS, already known for providing trading software to offshore scam firms.

Traders Reviews About Finazio Scam

Traders Reviews About Finazio Scam

Finazio reviews are mainly negative, with clients stating to have been defrauded by the broker’s slimy employees. At first, account managers will pretend to be your best friends until you give them access to your device via AnyDesk. Then, your bank account will be wiped off, and your access to the trading account blocked.

Supported Trading Platforms – Available Trading Software

Finazio takes its platform from PandaTS, a WebTrader of offshore scams. This WebTrader lacks charts and indicators, while the spread goes up to 1:100. Just for clarification, the EU and UK regulators limit the leverage to 1:30 or 1:50 for the Forex market due to high risks.

If you’re about to start trading, we advise you to find a legitimate firm offering MT4 or MT5.

Everything About Finazio Trading Accounts

There are 4 Finazio account types:

  • Classic – $250
  • Gold – $3,000
  • Platinum – $15,000
  • VIP – $50,000

There are no deposit fees, and the minimum deposit is quite standard. However, trading conditions are not regulated, making this broker not worth the risk.

Besides, there’s no Demo account you could use for practice.

Finazio Range of Trading Instruments & Markets

There’s nothing special about Finazio offer of trading instruments. Clients can trade with the following assets:

  • Currency pairs
  • Commodities
  • Indices
  • Shares
  • Cryptocurrencies

Also remember the names of the CryptoPro24 EverProTrader and DeltaStream trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Finazio Deposit and Withdrawal Methods

Finazio accepts several payment methods, including:

  • Debit/credit cards
  • Wire transfer
  • Skrill

There are no deposit fees besides those your bank may charge.

However, the firm is charging a dormant account fee of $100 a month if the account is inactive for over 45 days. Furthermore, if a client chooses automated trading software, they have to have a minimum of 20 trades before withdrawing funds or closing the account. If not, there’s a $100 fee for using the software.

Last but not least, if you accept Finazio bonus, you will have to repay $10,000 for every $1 you get.

Scammed by Finazio Broker? – Tell Us Your Story

If you were scammed by Finazio, get in touch. Our chargeback specialists may be able to help you get a refund from this fraudulent investment firm.

But What Is A Chargeback?

That’s a way for your bank to reverse the transaction and get a refund directly from the merchant. Contact us via online chat, and we will book a FREE consultation. Our experts will give you an honest evaluation of your case, and we can start working on a refund today!

What Is Finazio?

Finazio is an online trading Forex and CFD firm that went offline. If you have been involved with this broker, contact us for assistance with the refund.

Is Finazio A Scam Broker?

Finazio is an unregulated scam broker blacklisted by the Spanish regulator CNMV.

Is Finazio Available in the United States or UK?

Finazio is available in the UK but doesn’t provide its services in the US.

Does Finazio Offer a Demo Account?

Finazio doesn’t offer a Demo account, only Live account types.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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