- FinMarket: is it possible to withdraw funds from a fraudulent broker
- Brokers cheaters FinMarket. Site analysis
- Fraud broker FinMarket: licenses, registration
- Brokers (scam) FinMarket. Legend
- Reviews of scam brokers FinMarket
- Fraudulent Brokers: How FinMarket Works
- Results: FinMarket fraudulent broker how to get back the lost money
FinMarket promises its clients a full range of services for efficient and productive Forex trading. Both beginners and experienced traders can work on the project. The company talks about the availability of all the necessary legal components for legal servicing of investors. However, as practice shows, sometimes even the most “honest”, at first glance, financial intermediaries turn out to be ordinary crooks. Today we will analyze all aspects of the functioning of FinMarket and, as a result, we will either blacklist them as fraudulent brokers, or evaluate the quality of the services provided.
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FinMarket: is it possible to withdraw funds from a fraudulent broker
Brokers cheaters FinMarket. Site analysis
To be honest, the FinMarket website raises many questions, in particular its design and interface. The design of the web resource is clearly stuck somewhere in the 2000s. Although the broker claims that it started functioning in those time frames (this fact is also a big question), a lot of time has already passed. It turns out that no one has been involved in the development of the site, which is the face of the company, and it is unlikely that they plan to do so. And we are talking about an experienced intermediary with a large authorized capital. Do these comrades have no money to rework their site?
A specialized service estimated the resource in question at almost 4,000 rubles. Yes, this is an impressive amount when compared with typical "scams". But in the context of a serious financial intermediary, this is just ridiculous money.
The site interface is extremely inconvenient and incomprehensible: a huge number of tabs with information that carries a minimum payload. The really important trading aspects remain undisclosed and are described very superficially. There are no scanned copies of any legally important document.
Fraud broker FinMarket: licenses, registration
Based on the information on the FinMarket website, the broker started working back in 2002. At the same time, there is very little information about such an “experienced” intermediary in the network. Therefore, we decided to check the real start date of the project using the Whois service (screenshot at the beginning of the review). In fact, our new friend was born only on 07/10/2021, that is, only 1 year and 2 months ago. Almost all scammers add "extra" years to themselves in order to look more promising in the eyes of their clients.
FinMarket claims that they carry out brokerage activities in accordance with the legislation of Ukraine. The broker even provides a license number. Of course, we will not trust these comrades at their word and will check the specified information in open registries.
Who would doubt, legal functioning is an invention of the owners of this sharashka office. There is no company with a similar name in the official trade registers of Ukraine. That is, FinMarket has neither licenses, nor registration, nor other necessary documents.
As for the operation of the site on the territory of the Russian Federation. The Central Bank, which is the main domestic regulator, has also never heard of the project under consideration. That is, we are dealing with completely anonymous and unregulated scammers.
Brokers (scam) FinMarket. Legend
According to our broker, the main component of the FinMarket policy is the maximum convenience and availability of transactions with exchange instruments for a wide range of clients, therefore, the intermediary offers the following conditions:
- flexible leverage (from 1:1 to 1:200);
- minimum requirements for a guarantee fee (from 200$ in hryvnias at the NBU rate);
- 24 hours a day - free information and analytical support;
- interbank spread — under standard market conditions, the prices of major currency pairs are quoted with a spread of 3 to 5 pips.
To trade Forex with Finmarket, you need to register on the site of a fake broker, select an account type and make a deposit. The broker offers its clients a choice of 2 types of trading accounts.
- "Standard" - the minimum entry threshold is 200$. By default, the leverage is set at 1:100, but you can increase it up to 1:200 if you wish.
- "Student" is not a trading account, but a training program. Fraudsters apparently mixed up the sections when filling their site with content. This page contains a form for registering for the course. The scammers promise to teach beginners how to trade Forex and make profit on a stable basis.
Logging into your FinMarket personal account will not provide access to trading. To start trading, you need to download the broker's platform. The scammers created it on their own, so there is no trust in the software from unknown developers.
Reviews of scam brokers FinMarket
Although FinMarket has been operating for more than a year, the site is not very popular in the CIS. This is evidenced by the almost complete lack of information about it on various thematic sites, and a small number of reviews. Most likely, the project is more aimed at the English-speaking segment of the Internet, because it will be difficult for law enforcement agencies of another country to get to anonymous crooks located thousands of kilometers away from them.
At the same time, after a good search, we still found reviews from domestic ex-customers of the broker. We think everyone already guesses about their content. Users claim that FinMarket are pure scammers. The broker promises mountains of gold, but in fact does not fulfill even half of the promises, ultimately leaving its traders without money.
Is it possible to get money back from a fraudulent broker? It is easier to prevent their loss by reading our reviews and checking the information that scammers post. If you have been deceived by a fraudulent FinMarket broker, leave comments under this article. Perhaps it is your review that will save someone from losing money.
Fraudulent Brokers: How FinMarket Works
There is no exclusivity in the actions of the project in question. FinMarket works according to the same schemes as the vast majority of identical "scams" that we regularly expose on our binarybets.ru portal. Rogues, luring novice traders to their project, promise them huge incomes, support from experienced analysts, and the absence of any risks.
Initially, some of these obligations are indeed fulfilled. The client trades in profit, he is constantly helped by a personal manager, the balance is rapidly increasing. In fact, scammers draw all profitable transactions on their own through a fake trading terminal, which is under their complete control. Against the backdrop of constant success, "analysts" insist that the client still needs to replenish the balance in order to hit the jackpot. An inspired trader fulfills their demand without further questions.
Then the scammers quickly drain the entire deposit, saying that they were unlucky. If the victim refuses additional investments, they are blocked without lengthy prefaces for violating some fictitious rule.
Results: FinMarket fraudulent broker how to get back the lost money
FinMarket is another sharashka office that robs its customers. The "pseudo-broker" does not have any licenses, registration and other important legal documents. The owners and employees of the company brazenly lie to their customers about literally everything and do not fulfill their obligations. Withdrawal of funds from a fraudulent broker FinMarket is impossible. Almost all the reviews related to our hero testify to this. Given such an extensive list, to put it mildly, of the "disadvantages" of the project under consideration, it is obvious that it is better to refuse to cooperate with it.
If you have become a victim of FinMarket and do not know how to return money from a fraudulent broker, leave your mail in the form at the beginning of the article. We will send you a step-by-step, illustrated plan of action to help you get a refund from a fraudulent broker.