Is Finvesting a Scam? A Comprehensive Review
Finvesting is an online trading platform that purports to provide a diverse selection of trading instruments, such as Forex, CFDs, stocks, and commodities. Unfortunately, the actuality of the situation differs greatly from the promises made by the broker. In this review, we will disclose Finvesting’s deceitful practices and explain why it is advisable to steer clear of this brokerage.
Is Finvesting a Licensed Broker?
Unfortunately, the answer is negative. After conducting thorough research, we have discovered that Finvesting inaccurately claims to be headquartered in the United Kingdom and regulated by the Financial Conduct Authority (FCA). However, there is no evidence to support this claim. Our investigation has revealed that the broker is not registered with the FCA nor any other financial regulator. As a result, Finvesting is operating outside of the legal framework and is not obligated to adhere to any regulatory requirements.
Why Should You Not Trust an Unlicensed Broker?
Unlicensed brokers, such as Finvesting, are capable of conducting fraudulent activities, such as price manipulation and withholding profit payments, without being held accountable. Furthermore, unregulated brokers are not obligated to segregate clients’ funds, thereby exposing clients’ funds to potential risks in the event of the broker’s insolvency.
Can Finvesting Be Trusted?
Based on our thorough investigation, it is conclusive that Finvesting is not a reputable broker. Our findings indicate that the company has a history of deceitful practices including trade manipulation, undisclosed fees, and refusal to process withdrawals. Additionally, the information presented on the broker’s website is inaccurate and misleading, which raises concerns for potential investors.
What Do Traders Think About Finvesting?
The overwhelming majority of traders who have dealt with Finvesting have had negative experiences. They have reported being scammed out of their hard-earned money, receiving poor customer service, and facing difficulties withdrawing their funds. There are also reports of the broker engaging in aggressive sales tactics to lure unsuspecting clients.
Scammed by Finvesting? – Talk To Our Experts
If you have been scammed by Finvesting or any other unregulated broker, do not hesitate to contact our experts.