FinoTrend Detailed Review – Scam Made Simple, Stay Away From
FinoTrend Detailed Review – Scam Made Simple, Stay Away From

If you thought you had finally found a place for your money, this FinoTrend review would quite surprise you. Despite promising security and transparency, the only truth from the slogan is that the company is “profit-driven.” When it comes to their own profit. Let’s explain everything step by step.

In addition to the above, we strongly advise you not to invest in NovaTechFxValiant Markets and  MarketLTD fraudulent brokers.

Broker status: Unregulated Broker
Regulated by: Unlicensed Scam brokerage
Scammers Websites:
Blacklisted as a Scam by: FSMA, CONSOB
Owned by: N/A
Headquarters Country: N/A
Foundation year: N/A
Supported Platforms: WebTrader
Minimum Deposit: 5,000 EUR
Cryptocurrencies: N/A
Types of Assets: Forex, commodities, indices, shares
Maximum Leverage: 1:50
Free Demo Account: Not available
Accepts US clients: US traders are not accepted

Is FinoTrend Regulated? – Why Does It Matter?

When a broker is not regulated and hides basic information, you have nowhere to complain or guarantee that you will get your money back. That’s why it’s of utmost importance to find a licensed firm.

FinoTrend broker hasn’t given us anything besides some loose indication in the disclaimer, stating “this website is owned and operated under FinoTrend brand name within the European Economic Area.” 

Since the EEA zone has the best Tier1 regulators, we’ve checked which register has FinoTrend regulation.

Does the Broker Have a Tier 1 Trading License?

Surprise, surprise. If you like your money, stay away from the FinoTrend trading scam. It’s not just that the brand is anonymous, but it’s also unlicensed.

Scam Warnings Against FinoTrend

Since the company defrauded many and there were numerous FinoTrend complaints, the Belgian regulator issued an official warning.

Official Warning Issued by FSMA – Evidence of Fraud

FinoTrend Official Warning Issued by FSMA

Last month, FSMA issued a warning, adding to the list of unregulated domains. This warning was later republished by Italian CONSOB, stating that the FinoTrend Forex broker has no license to provide financial services in Italy.

Also remember the names of the CTA Capitals, Elcomercio24  and RedRock500 trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Where Is FinoTrend Trading Scam Active?

The broker FinoTrend operates all around the globe. The countries with the most complaints are:

  • Belgium
  • Canada
  • Netherlands
  • Germany
  • UK

By Italian warning, we can see that this illicit firm is expanding to Italy as well, and probably, to more countries in the EEA zone.

FinoTrend Trading Software

If you’re prepared to invest 5,000 EUR with an unregulated firm, the FinoTrend trading platform will not amaze you. All you will get is a proprietary WebTrader with several charts and indicators.

WebTrader Platform

Unlike MT4 and MT5, WebTraders never have a diversity of trading tools. Yet, we have to admit that FinoTrend tried to keep the image of EEA zone broker with limited leverage to 1:50, limiting your risks as well.

Mobile Trading App

You can use the mobile app for FinoTrend login on Android and iOS devices. Link can be found on the broker’s website, and the app is based on WebTrader.

Trading Accounts Overview

If you still think of investing, here’s a FinoTrend account type offer for you:

  • Beginner – 5,000 EUR
  • Trader – 10,000 EUR
  • Expert – 25,000 EUR
  • VIP – 50,000 EUR
  • Exclusive – 100,000 EUR

Demo Account – Risk-Free Environment

Sadly, a Demo account is not an option, so you will need to invest FinoTrend’s minimum deposit if you want to test the account. Let’s just stop for a brief moment and remember that regulated companies allow you to start with as low as $10 on the Micro account, so there’s no reason to pay 5,000 EUR to an illicit firm.

Islamic Account

The company offers an Islamic swap-free account, so if that’s something you may be interested in, feel free to check it out.

FinoTrend Deposit Methods – How To Deposit?

FinoTrend enables a few deposit methods, including:

  • Bank wire transfer
  • Debit cards
  • Credit cards

Allegedly, all funds are subject to regulation and safety. Yet, the company itself has no regulation, so we’re unsure who’s regulating these funds. Deposits can be made in USD or EUR, and if you really want to invest, we’d advise you to use your card. In case of any problems, you have up to 540 days to file a dispute for a chargeback.

Scammed By FinoTrend Broker? – Talk To Our Recovery Experts

If you are a victim of a FinoTrend scam or involved with any other bogus investment firm, let us know. Our chargeback specialists will assist you in getting your money back.

Don’t let scammers run with your hard-earned money! It’s time to take action and get a refund before it’s too late.

We’re waiting for you on the online chat; book your FREE consultation, and let’s get your money back.

What Is The FinoTrend Minimum Deposit?

FinoTrend has an insane minimum deposit of 5,000 EUR.

Can I Trade Cryptocurrencies And CFDs With FinoTrend Broker?

You can trade CFDs with FinoTrend, but crypto is not available.

Does FinoTrend Give a Deposit Bonus When Opening an Account?

FinoTrend doesn’t give any bonuses when depositing funds.

Is FinoTrend a MetaTrader 4 Forex Broker?

FinoTrend is not an MT4 broker; it offers only a WebTrader.

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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