Finviz Pro Review – Many Domains Yet Zero Credibility
Finviz Pro Review – Many Domains Yet Zero Credibility

Finviz Pro has appeared relatively recently. But their owning firm is in no way new or innocent to the scam business. Canoodle Solutions LTC is based in SVG and has already had several domains before this one.

Without a license and operating in a lawless zone for the brokerage market, Finviz Pro is just another attempt of an old fraud to rob more people. Multiple warnings from the influential financial entities witness it. If you want to prevent this from happening to you too, you should read this Finviz Pro review and it will quickly change your thoughts on this young brokerage site.

Broker status: Blacklisted Forex Scam
Regulated by: Not regulated
Scammers Websites:
Blacklisted as a Scam by: CNMV, FII, FINANSTYLNET, CONSOB, FSMA, CBR
Owned by: Canoodle Solutions LTD
Headquarters Country: SVG
Foundation year: 2023
Supported Platforms: Webtrader
Minimum Deposit: $250
Cryptocurrencies: No
Types of Assets: Currency pairs, CFDs on Commodities and Stocks, Shares, Crypto
Maximum Leverage: 1:2000
Free Demo Account: Not available
Accepts US clients: US clients are not accepted

Is Finviz Pro a Scam Broker?

Without stalling, we can answer with just a yes. SVG is widely known as a safe harbor for financial swindlers. SVGFSA has entirely stopped licensing and looking over the operations of brokers in the country. 

New fraudulent companies are opened as we speak, without the proper authority to control and stop the pestilence. That’s how we’re instantly sure of Finviz Pro not being licensed by the jurisdictional institution. Here we have to direct your attention at another SVG fraud with several warnings on them – Stam Capital Invest.

Being faithful to our procedures and investigation of each individual entity, we first went through the databases of major regulators. FCA, BaFin, CySEC, FINMA and ASIC do not have any knowledge on Finviz Pro. However, other databases we checked apparently hold them in bad sight. 

CNMV, FII, CONSOB, FSMA, CBR and FINANSTILSYNET have all blacklisted this domain and the owning company as frauds. More details on this in the next part of this review. Some of these authorities have also blacklisted the notorious GC Option, so you can imagine how dangerous these fake broker dealers are. 

For now, let us again remind you what quality protection you get by choosing a broker with a Tier 1 license. Firstly, Tier 1 regulated brokerages in EU, UK, AU and US are all financial stable companies with competent leadership. They prove this upon registration when they make a hefty deposit. 

Next, they are obligated to import the segregated bank accounts for separate keeping of clients’ deposits. Risk-reducing methods such as negative balance protection and leverage limitation to 1:30 and 1:50 follow. Keep in mind that Finviz Pro offers dangerous leverage of up to 1:2000. The difference is too drastic from the standard not to be an immediate red flag. 

Compensation funds make sure the customers get their funds back in case the brokerage company fails to distribute the cash-outs. In the end, the diligent reports on the money flow and mandatory transparency force the brokers to be honest.  

Finviz Pro is a relatively new domain. However, their reputation exceeds them. The owning company is a known scammer and not in the least trustworthy. No investments are either safe or lucrative here.

Compared to that, Finviz Pro is nothing but a textbook scam. The old criminal is trying to make some more cash after their other domains have failed.

Warnings Issued by Financial Authorities 

A domain this new and already blacklisted so many times is inevitably well versed in cyber theft. As the warnings show, Canoodle Solutions LTD is already ill-famed for their engagement in scam operations. 

All the regulators we’re about to mention are warning the traders in their jurisdiction not to accept or buy the suspicious services offered by this broker. And the company has other, also blacklisted domains – Onex Corporation and FoxNewsTrade. Consider the following warnings to be a sign not to invest here under any circumstance: 

Finviz Pro Platforms – A Software Comparison

You can view trading at Finviz Pro the following way. Just how the facade of this scam is sloppy and obvious, the trading platform follows the same pattern. It is actually a most commonly used web terminal among a number of faux financial services providers. No valid orders are actually placed and the features are unresponsive or useless. 

We can’t even compare such a failure of a platform to the advanced MT4 and MT5. These online trading giants have ruled the financial markets for a long time and will continue to do so thanks to their flexibility, reliability, speed and richness in features. 

What Financial Instruments Does The Platform Include?

The defect web platform shows the following groups of tradable assets to be available for buying and selling at Finviz Pro:

  • CFDs on Commodities (Natural Gas, Silver, Gold, Brent Oil, Coffee)
  • CFDs on Indices (JP225, UK100, US30, US500, AUD200)
  • CFDs on Shares (Apple, Fedex, Ferrari, Adidas, Barclays)
  • Crypto (BTC, ETH, DASH, LTC, XRP)

Where Do Victims Come From?

There’s a couple of theories why Finviz Pro mainly targets the EEA and UK investors. Could it be because the residents of the more developed nations have more extra cash to invest? Or is Canoodle Solutions LTC already used to the strategies that work on the mentality and personality structure of these traders? No one can know for sure. The number of victims is reportedly the highest in these countries:

  • Spain
  • Czech Republic
  • Germany
  • Austria
  • United Kingdom

Account Options Offered by Finviz Pro

The account types section on the website promises Finviz Pro has tailored packages to meet the needs of all their investors. In regards to that, we’ve found several account types are offered. Here are their names and the minimum deposit requirement:

  • Micro – $250
  • Mini – $1 000
  • Standard – $10 000
  • Master – $25 000
  • Expert – $100 000
  • VIP – $250 000
Account Options Offered by Finviz Pro
Micro - $250
Mini - $1 000
Standard - $10 000
Account Options Offered by Finviz Pro
Master - $25 000
Expert - $100 000
VIP - $250 000

Not at all humble when it comes to pricing, Finviz Pro isn’t overly precise about the concrete trading conditions. The more expensive account types can supposedly provide variable and tighter spreads but we never see the exact numbers. 

Also, paying more supposedly means getting premium features like customized portfolio, price alerts and deposit insurance. You know, all the fancy and completely fake mumbo-jumbo these types of frauds sell.   

Can a Trader Use a Demo Account?

The moment we registered an account at Finviz Pro, we were urged to invest. And while we did manage to access the web trader before investing, it was unresponsive. The warning pop-up kept directing us to first feed the machine real money. 

The client area offered no option to open a separate Demo account. All this has led us to believe Finviz Pro doesn’t have trial trading as an option. You can either invest real money or leave. No third option is available. 

Terms of Service for Finviz Pro 

Two most important elements we found explained in the Finviz Pro legal docs are the costs and bonus policy. Finviz Pro claims not to charge deposits and withdrawals yet reserves the right to charge traders any fees they come up with. 

Another fearful detail we found are the rules for withdrawing bonus amounts. Trading volume is a requirement that has to be reached first. We’ll describe it in the withdrawal details section in this review. 

What we’d like you to always remember is to look for such details in every Terms and Conditions document. You are forced to agree to them upon signing up. So pay attention to them before it’s too late. 

Leverage, Spreads and Fees

Finviz Pro is shady and very sneaky in regards to every aspect of trading on their platform. The unresponsive terminal didn’t allow us to dig for exact trading parameters. Also, the exact costs are hidden. By this we mean spreads, which are advertised as raw, tight, floating and whatnot, but never given at a precise value. 

As for the leverage, the homepage of the broker says it’s available up to 1:2000. The account types say different – 1:400 for all packages. When we first opened an account it said only available leverage is 1:100 maximum. Finviz Pro is fully non-transparent about the trading data. 

Withdrawing Profits From Your Broker Account

Finviz Pro is obvious about imposing numerous conditions on clients who want to withdraw funds from their trading account. For example, sending the withdrawal request is immediately deemed to fail if you do not provide additional docs. Finviz Pro demands you to send a colorized photo of your ID, passport, credit cards and bank statements about your income in the past 3 months. 

What’s more to expect of a blacklisted scam? That’s right, more conditions and requirements. If you accept a bonus when depositing, you won’t be able to withdraw anything until you meet the trading volume requirement. With Finviz Pro, you have to make more than (deposit+bonus)x25. 

All these conditions and more can pile up, just so the broker doesn’t allow you to take back your funds and the profit you’ve made.   

What can I do if I was scammed by Finviz Pro?

The realization of being scammed comes with an avalanche of negative emotions. We’re well aware the victims of Finviz Pro scam may feel used and manipulated, as well as angry and desperate. It’s vital to understand you are not fighting alone. Other honest traders are also sharing the same fate – the number is bigger than you know. So there’s no need to feel embarrassed and remain silent about the cruelty that has happened to you. 

Help us help you. Contact us for advice on taking necessary steps to recovering what’s rightfully yours. In return we only ask of you to help us with all the information and evidence you can muster on this scam. It makes the job of bringing the criminals to justice far easier when there’s proper proof of their deceitful nature.

What Is Finviz Pro?

Finviz Pro is an unregulated brokerage, recently registered with the parent company in SVG. 

Is Finviz Pro a Regulated Broker?

No, this broker doesn’t own a license issued by any financial authority that would allow them to sell the products and services they otherwise advertise.

Does Finviz Pro Have a Referral Program?

At the current moment, the broker doesn’t have specified on their site if any referral program is active. However, terms and conditions doc implies bonuses do happen. Finviz Pro is vague about the details unless you deposit real cash first. 

Does Finviz Pro Offer a Demo Account?

The site doesn’t offer a Demo account as an available package. You’re required to invest at least $250 of real cash if you intend on buying and selling instruments. 

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!

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