Finexico Review: Pros and Cons of Trading with Finexico

Since we couldn’t access the finexico.com website, we decided to start our research backward. We wondered what traders have to say about this operation and have they even been reimbursed after the website went down. We also tried to unveil who stands behind the entire operation.

Read our Finexico review, and let’s get into it.

Finexico Regulation and Security

While the Finexico broker’s website was active, it was presented as a brand of SLN Development Ltd from Cyprus. However, CySEC never registered such a company or a brand. Our research shows that SLN Development Ltd is used as a white-label solution provider for a company from Saint Vincent and the Grenadines. And now, things are starting to shape up.

Also, on the same address where SLN Development Ltd was registered, we found two similar brands, Finexics, owned by Slinquo Group Ltd, and Finotive, owned by VT Group Ltd. However, CySEC never heard of any of those either.

Fund Withdrawal Issues

Once we checked Finexico reviews, we stayed speechless. According to clients, this broker has a disgusting way of scamming. At first, you’re depositing money and making profits. Of course, this profit is virtual until you see it in your bank, right? So, once you want to make a withdrawal, some sort of a broker handling your case tells you to make a final trade, double the profit, and then do it. Since everything went well so far, most clients accept. However, this last trade turns out to be a colossal failure, and the money’s gone. For those who reject such a trade, an account is suspended, and they cannot get their money back.

Ever since the Finexico website is down, clients cannot withdraw money or even access their accounts.

Traders Opinion

Once you check broker’s reviews, you will see only bad things. None of the investors have a positive thing to say. According to them, a broker is stealing money from their clients, support is not answering their calls, and once you try to reach a broker, you will discover you are being blocked. All of the websites that show reviews, such as Trustpilot, show that Finexico is rated as “poor” or “bad.” And for sure, there is a good reason for such an opinion.

How Does Online Trading Scam Work?

Finexico is one of the brokers selling Bitcoin Code, Bitcoin Revolution, and similar ads. These ads are different from regular since they virtually promise you thousands of profits within a week or two. And once you sign up, you will be asked to deposit some money, in the case of Finexico, $250. Afterward, some financial adviser will convince you to add more and more until you find yourself with no money. Once you want a payout, you will face account suspension.

Don’t fall for shady scams such as Finexico broker and other brokers such as Finexico, 60op and FX Wonders.

Scammed by Finexico?

Suppose you have an account with Finexico, and the broker’s website was shut down. You need a solution for this case. That solution is a chargeback.

But what is a chargeback? This is a way for your bank to take money from the merchant and refund your card. To do so, you need to provide sufficient evidence. Our support department is here to help you out in any way. Contact us via chat, tell us your story, and let’s get your money back!