Claiming to be broker number 1 when it comes to Bitcoin trading, Finetero gave us a lot to review. The broker is not just illicit but also an apparent scam. It listed 3 different owners and 2 different headquarters and regulations. If you were considering opening an account with this company, better read the Fintereo review first.
|Regulated by:||No license|
|Blacklisted as a Scam by:||FCA|
|Owned by:||Finetero Trading Ltd|
|Headquarters Country:||UK (allegedly)|
|Supported Platforms:||MT4, web trader|
|Minimum Deposit:||200 EUR|
|Cryptocurrencies:||Yes – Btc, Eth, Xrp|
|Types of Assets:||Forex, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
Finetero Regulation and Security
As mentioned, Finetero falsely presents itself as a regulated broker. Moreover, on the main page of the website, it says the owner is Finetero Trading Ltd from the UK. However, if you check the Terms & Conditions, you will find that the owner Finplex Group Ltd from Cyprus, holding CySEC regulation. And finally, on the third part of the website, the owner is Maxiflex Ltd, again a CySEC regulated company.
This all pointed out that the company is not regulated at all, and you shouldn’t be dealing with them at all.
Warnings From Financial Regulators
The UK regulatory body blacklisted the company due to false presentation they belong to UK jurisdiction. The FCA issued an official warning about the broker being an unauthorized entity. Anyone being scammed by a Finetero broker should file a complaint about the broker immediately.
Fund Withdrawal Issues
Since the broker is not actually regulated, and everything is based on false presentations, we were not shocked to see many withdrawal issues. According to several Finetero reviews we’ve seen, the broker has been accused of stealing clients’ money in several different ways. Whether through deducting funds via credit card or by extorting money until you have nothing left, the outcome is always the same. You are staying without money, and nothing can be done.
Beware of the Finetero scam, and don’t fall for it.
How Does Online Trading Scam Work?
Online scams became more and more frequent. Lately, we see an increased number of elders falling victims to online scams. When it comes to trading, you are a victim of an unregulated brokerage, such as Finetero. These brokers have nobody to overlook their action, which makes scams easier. Once you submit your personal details for a trading ad, you become a victim of endless phone calls. Whether from the welcome team or financial adviser. The point is to invest as much as possible and to get back nothing.
If you recognize yourself here, it’s time to file a complaint.
Scammed by Finetero broker?
If you have been scammed by Finetero, there is a way for you to get your money back. You need to file a dispute and request a chargeback.
But what is a chargeback? It’s a way of refunding your card in case you were scammed online. Do not let scam brokers get away with your funds. Tell us what the issue is, and we will be glad to assist.
Contact our support via online chat, and you will get all the information about the chargeback procedure. Note that the first consultation is free.
What is Finetero?
Finetero is an online trading brokerage without a license or a regulation for providing financial services.
Is Finetero a scam?
Finetero is an online trading brokerage that has no regulation and falsely presents itself as a legit company.
Is Finetero regulated?
No, despite all the allegations that the broker has CySEC or FCA regulation, the truth is that we are dealing with a scam.