FiniViex broker claims to give clients opportunities for financial growth. However, once we checked what kind of experience traders had with this company, we can say it’s more of an economic downgrade than growth anywhere.
Read our FiniViex review to find out everything about this brokerage.
|Broker status:||Offshore Broker|
|Regulated by:||Unregulated brokerage|
|Blacklisted as a Scam by:||FCA|
|Owned by:||Finiviex Dynamic Ltd|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Minimum Deposit:||250 EUR|
|Types of Assets:||FX, commodities, indices, shares|
|Maximum Leverage:||/ 1:500|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
FiniViex Regulations and Security
FiniViex is a brand of Finiviex Dynamic Ltd from Saint Vincent and the Grenadines. It’s a relatively new broker on the financial market but already bad rated. Since SVG does not have a financial regulator at its true meaning, only the FSA register that is pointing companies to opt for regulation in countries of service means FiniViex is unregulated. And when you’re dealing with unregulated brokers, your funds are at risk, no matter how good the offer might sound.
Always look for a Tier1 regulated broker for investing. That is the safest option.
Warnings From Financial Regulators
The UK FCA has received numerous complaints against FiniViex broker and has decided to publish an official warning. They warned UK residents about this illicit operation, stating that clients are not entitled to an FSCS compensation scheme in case of a scam. Therefore, beware when receiving an offer from a FiniViex broker.
Fund Withdrawal Issues
Dealing with unregulated brokers comes with the risk of withdrawal issues. According to FiniViex reviews we’ve found, the broker gives clients a hard time when it comes to payouts. Adding money to your trading account is never an issue. In fact, employees are finding all the possible ways to help you. Once you make a profit and want it out, the broker is blocking your account. The company’s support team and your financial adviser are suddenly unavailable and your funds are stuck.
If you experience something similar, please inform us immediately!
Once we checked some websites, such as Trustpilot, we’ve noticed that the broker is rated as poor. According to clients, the company is promising an automated trading system that would conduct the trades for you. Of course, they are giving you some fake success rate numbers, and everything sounds dream-like. Only, to get such a trading system, a company needs to pay a license. Since FiniViex didn’t bother to opt for regulation, for sure, they didn’t bother to have an actual trading robot.
We will show you just one of the examples of what traders think.
“fraud. Stay away. unfortunately I paid 200 euros in practice they tell you that there will be an algorithm (robot) that will make financial investments in your place and you earn and so far it was beautiful until you ask to withdraw and they tell you that you can only have half of it you will find the data that you communicate to them to receive the transfer and then they disappear, blocking you and do not give you a nice ninente. FRAUD”
How Does Online Trading Scam Work?
Usually, offshore brokers are good at creating illusions of their legitimacy and a fantastic offer. The sad truth is that you may manage to make some money, but you will not be able to withdraw it.
Ever since the popularity of cryptocurrencies rose, these brokers are making ads using cryptos to show you the possibility of making a profit. As you may notice, FiniViex does not even offer crypto trading, but it does make false ads. Once you submit your details and invest a minimum deposit of 250 EUR, you will experience nothing but issues.
In the end, your account will be blocked, and no money will ever come back to your bank.
Scammed by FiniVieX?
If you were scammed by FiniViex or any other fraudulent broker, there is a way to get your money back. You need to submit a dispute and request a chargeback.
But what is a chargeback?
This is a way to refund your card in case you have been scammed online. Contact us via online chat and our support team will be more than happy to help you get your money back! Book your FREE consultation today!
What is FiniVieX?
FiniViex is an online trading brokerage without a license to provide financial services.
Is FiniVieX a scam?
FiniViex is a scam broker that has no regulations and does not allow clients to withdraw funds.
Is FiniVieX regulated?
FiniViex does not have any regulations for providing any kind of financial services to clients.