Finhubvest Review – See Through The Lies Of This Outrageous Scam Company
With every passing day, scams and cons become more advanced. The people behind Finhubvest have done their homework, and their website looks the part of an authorized brokerage. The more you look, however, the more cracks begin to appear in their shiny facade.
Many discrepancies and contradictory information that exist on the site are there to confuse potential investors. Our Finhubvest Review will peel this fraud one layer at the time, exposing all the bad stuff that lies inside.
|Is This Company Safe?||Finhubvest is an unlicensed entity. Your money is not safe with this broker!|
|Have Warnings from:||N/A|
|Registered in:||St Vincent and the Grenadines (alleged)|
|Trading Platforms:||MT4, MT5 (alleged)|
|Deposit Bonus:||Up to 100%|
|Trading Assets:||Forex, Cryptocurrencies, Indices, Stocks, Commodities|
|Free Demo Account:||Available|
|How to Withdraw from This Company?||Warning! Finhub Vest is an unauthorized company! Do not trust your funds with the Finhubvest scam!|
Finhubvest Lies To Their Clients About Legal Information
Finhub Vest has disclosed a company registration number, they are allegedly a registered entity in St. Vincent and the Grenadines. Because the FSA no longer handles authorization of different Brokerages, it would be necessary for Finhub Vest to obtain a trading license in another region.
Upon closer inspection, we found out that the allegations of company registry are just that – empty claims with no proof. There is no entity under the name of Finhub Vest LTD registered in SVG. Finhub Vest also advertises that they are a “Safe Regulatory Environment”, but they do not provide any license information.
We’ve researched the databases and registries of many different regulatory bodies around the world. Nowhere, not in the BaFIN, CySEC, FINMA, NFA, FCA and many more, have we found any information about Finhubvest or any company with a similar name. This proves our suspicion – Finhub Vest is an unlicensed entity.
An unregulated broker like Finhub Vest has no regard for any regulatory standards. Because they answer to no-one, there’s nothing stopping them from doing a runner and disappearing with their client’s money. Many scammers do exactly that, like PayBito for instance.
The Finhub Vest Fraud Is A Danger To Anyone
Finhubvest has been spreading like a disease since 2022, when they first launched their finhubvest.com platform. They also use social networks, such as Facebook, Instagram, LinkedIn and Twitter to solicit their bogus brokerage.
Most of the finhubvest.com victims live in these countries:
- United States
Although the high quality of the finhubvest.com website does its part in sealing the deal when it comes to investments, it is the Boiler Room Agents that do most of the hard work. Boiler Room Agents don’t know when to quit, and will keep pestering you until you give in and deposit money with the company they are working for.
Spreads, Fees And Other Pricing Information About Finhubvest
The finhubvest.com website seems to have been made by a professional, and contains a lot of information about different markets, pricing, and other crucial points of online trade. Allegedly, spreads are tight, starting from 0.1 Pips, but we couldn’t find any FX pairs with spreads tighter than 1.7 in the table.
Finhub Vest Terms and Conditions states that they reserve the right to charge any fees at any time. One of these is a Chargeback Fee for withholding a Bank Card Payment, which is $100, plus additional $100 if the company deems necessary. Dormant accounts will be charged a $5 fee monthly, after 90 days of inactivity.
Bonus As A Bait For New Clients
When it comes to bogus brokers like Finhub Vest, a bonus is one of those things that serve to attract, and later entrap a victim. These fraudulent entities, like FameEX for instance, abuse the bonus clause of their Terms and Conditions to prevent withdrawals.
Since the Terms and Conditions found at finhubvest.com don’t even mention a bonus, we suspect this is one of the main mechanisms for preventing a payout from their platform.
General Trading Conditions Found On FinhubVest.Com
The trading software that Finhubvest offers is industry standard, and their accounts seem to have reasonable costs. This apparent transparency and abundance of information makes it seem like Finhub Vest is a legitimate company.
After checking the legal information, however, we know better than to trust them. You should take every piece of information below with a grain of salt, since scammers are known to change their conditions on a whim.
Trading Platforms Available
Finhubvest advertises the most widely used trading programs, MT4 and MT5. The advertisement for MT4 on finhubvest.com will take you to the Platform Download page, but you won’t find a download link on it.
MT5 Trading Platform is available, but it’s not specific to the Finhub Vest brokerage. The basic demo of MT5 is provided. There is no Finhub Vest Login either, it will automatically log you in to the MetaQuotes Demo Profile.
Finhubvest Offers An Array Of Trading Assets
On paper, you may trade a wide variety of different assets through Finhubvest. We don’t believe their claims for a second, seeing how they don’t have a functional Trading Application. Nevertheless, the broker advertises a selection of instruments, divided in a few most popular classes.
Here are the main groups of finhubvest.com Trading Instruments:
- Forex (URS/USD, GBP/CHF, AUD/CAD, USD/JPY)
- Cryptocurrencies (Bitcoin, Ethereum, Ripple)
- Stocks (Alibaba, Google, Tesla, Twitter)
- Metals (Gold, Oil, Cocoa)
- Indices (JPN225, UK100, US30)
Finhubvest Account Types
There are some discrepancies concerning the Finhubvest Account Types information. One page of their website claims that there is a minimum deposit requirement for these accounts, while the other mentions some rather steep prices. It’s all a strategy to confuse and exploit the clients.
Here are what the finhubvest.com Accounts look like:
- Micro – $100
- Uniglobe Premium – $500
- ECN Classic – $1 000
- ECN Elite – $10 000
- Uniglobe VIP – $50 000
Free Demo Account On Finhubvest
Considering that you may only trade with finhubvest.com through a Demo version of MT5, this is an interesting claim to say the least. Sure, it’s free, but it doesn’t reflect the actual trading conditions found on Finhub Vest. This means that any research you might conduct is quite useless.
There is a burning question on everybody’s mind – if the only trading application is a Demo, why should you deposit any real money at all?
The Way Finhubvest Handles Withdrawals Is Questionable
Not much information is given about the withdrawals from the Finhubvest platform. First of all, the links that should lead to legal documents are dead, and don’t function. The Terms & Conditions document is quite vague in this regard, and their Trading Application doesn’t have an integrated payout function.
Withdrawals are always questionable with scam brokers like Finhubvest. Should you encounter problems with your payout, it would be prudent to seek professional help. Our legal experts are available around the clock, and you may book a free consultation at any time.
In The End, There Are No Positive Aspects Of Dealing With Finhubvest
Nothing is as it seems with this broker. Finhubvest is just another fraudulent company, no matter how hard they try to hide it. Lots of conflicting information, lack of a workable trading platform and insane minimum deposits all reek of scam. The finhubvest.com website might seem attractive, but it’s just a shiny bait for new victims.
Many people have already complained to us about their bad experience with Finhubvest. If you have been duped by these professional con artists, you shouldn’t stay quiet about it. We would like to hear your story, and provide legal help in resolving your issues. Our team of recovery experts are experienced and devoted, and you may book a consultation session for free using the Live Chat on our website.
Does FinHubVest Have a License?
No, FInhubvest is an unlicensed brokerage. They do not have any authorization to provide any of the services they advertise on finhubvest.com website.
Can I Access FinHubVest's Trading Platform From Mobile Devices?
The MT5 application is fully compatible with all desktop and mobile devices, but the Finhubvest scam does not feature a fully functional version of the application, only a Demo.
Does FinHubVest Give a Deposit Bonus When Opening an Account?
Finhubvest offer various bonuses, including a bonus of up to 100% on deposits, and up to 20% for trades. This is all another part of the scam strategy, however, and there are many hidden caveats when accepting any bonuses from scam brokers.