On the surface, FinFinity Invest appears to be a gateway to financial success, promising to help anyone become a successful trader. However, as seasoned investors know, such promises often lead to disappointment and losses. In this review, we’ll delve deep into FinFinity Invest to determine whether it’s a legitimate opportunity or just another scam. Read on to find out the truth.
- FinFinity Invest General Information
- Registration and Client Portal Review
- FinFinity Invest Trading Conditions
- Account Types Review
- Trading Platform
- FinFinity Invest — Deposit and Withdrawal of Funds
- Additional Options
- Is FinFinity Invest a Scam?
- Legal Information and License
- Finfinityinvest.net Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
FinFinity Invest General Information
|Leverage||Up to 1:500|
Registration and Client Portal Review
After taking a look at the FinFinity Invest website, disappointment was an understatement. We mean, seriously, take a look for yourself. What’s with the dismal black color scheme and feeble attempts to brighten it up with garish yellow accents? And, of course, the overwhelming self-promotion, with claims that this project is the best thing since sliced bread and that you won’t find a better broker anywhere else. Well, the official website certainly doesn’t scream that.
The registration process on the FinFinity Invest website follows a fairly standard procedure. You’ll need to fill out a small form on their site, entering your personal and contact details. Afterward, you’re required to verify your email. However, the issue here is that FinFinity Invest doesn’t send any further instructions to your email. So, how to access the client portal remains a big question mark. It might be worth waiting a bit, but it’s unclear.
FinFinity Invest Trading Conditions
Well, let’s see if this broker has any attractive trading offers or if it’s just run-of-the-mill.
Account Types Review
FinFinity Invest offers five types of accounts: Bronze, Silver, Gold, Platinum, and VIP. The minimum deposit required to open an account is $250. While these accounts differ primarily in deposit size, the other requirements are $3,000, $10,000, $50,000, and $100,000, respectively. The leverage available increases with the account’s status, with a maximum leverage of 1:500 for VIP accounts. It’s worth noting that such high leverage levels suggest that FinFinity Invest may not provide access to the interbank market, as these levels are typically unnecessary for interbank trading.
All account types include advanced charts, protection against negative balances, and customer support. If you opt for a higher-tier account, you may also receive invitations to exclusive events or gain access to exclusive webinars.
FinFinity Invest provides traders with multiple trading platforms, including a web trader, a desktop app, and even a mobile version. However, it’s important to note that you can only download the software from the official website. Unfortunately, the developer of this software is unknown, and there is no clear information regarding its licensing. Therefore, we would not recommend downloading it onto your PC due to the uncertainty surrounding its authenticity.
Furthermore, the web trader can only be tested within the Client Portal, and FinFinity Invest does not offer a demo account.
FinFinity Invest — Deposit and Withdrawal of Funds
In the footer section of the website, there are logos for Visa and MasterCard, indicating that these payment methods are accepted. However, in the “Deposits” tab, FinFinity Invest claims that you can fund your account using any of the legal methods available in your country, with a suggestion to contact the broker’s support team for further information. This discrepancy raises concerns. The need to contact customer support for such basic information can be inconvenient and potentially raises doubts about the broker’s transparency and trustworthiness.
FinFinity Invest offers a verification process that is quite standard in nature. To proceed with the verification, users need to follow these steps:
- After registration, an email confirmation is required. Users should check their email inbox for a verification link and follow the instructions provided.
- To complete the verification process, traders are asked to submit certain documents for identity verification. These documents include government-issued photo identification, proof of address (such as a utility bill or bank statement), and some other documents depending on the broker’s requirements.
Once the documents are submitted, the broker’s team will review them. The verification process can take some time, and FinFinity Invest will notify you once the documents are approved.
FinFinity Invest provides users with extra options, and one of them is their partnership program. The broker offers a multi-level referral system with generous commissions, although specific commission rates are not disclosed on the platform. Instead, the broker promises timely payouts, high conversion rates, and provides marketing materials to support your promotional efforts.
However, it’s somewhat unusual that the exact terms and conditions of the partnership program are not openly communicated, which can raise questions about transparency and clarity in partnership arrangements.
Is FinFinity Invest a Scam?
It’s time to examine the most crucial details – are you ready to definitively determine whether this is a scam or not? We’re eagerly anticipating the answer.
Legal Information and License
In the footer, FinFinity Invest mysteriously claims to operate under the laws of the European Economic Area. It’s quite intriguing, but we’d appreciate more specificity. We have no information about the country in which this company is registered. In fact, no legal information is provided at all. To operate within the European Economic Area, a company must be officially registered and at least obtain a license for its services. However, FinFinity Invest lacks all of these credentials. Moreover, the leverage offered is too high for European regulators to permit. Therefore, we conclude that the company likely doesn’t exist as a legitimate entity and is merely functioning as a website on the internet.
Finfinityinvest.net Domain Info
Yet another glaring piece of evidence in favor of FinFinity Invest being just another run-of-the-mill fraudulent scheme is its operating period. We’ve checked the website’s domain and found out that it was registered only on August 17th. Well, that doesn’t seem very credible at all. Who in their right mind would open an account with a broker that’s only three months old?
The broker’s contact information is rather peculiar. It includes a phone number with a Canadian area code, which seems unrelated to the European Economic Area in any way. Additionally, in other publicly available sources, they claim to have their office address in London. Of course, there is no actual FinFinity Invest company in London. It strongly suggests that all of this broker’s contact details are fictitious.
Pros and Cons
- Multiple account types.
- Lack of transparency.
- Suspiciously new domain.
- Unclear regulatory compliance.
- Fictitious contact details.
- High credit leverage.
Frequently Asked Questions (FAQ)
FinFinity Invest offers a range of trading accounts, advanced trading tools, and access to various financial markets. They claim to provide opportunities for traders to profit, but given the lack of transparency and regulatory oversight, it’s essential to exercise caution.
The broker allows a minimum deposit of $250.
No, FinFinity Invest cannot be considered safe. It operates as an anonymous, unregulated broker, which raises significant concerns about the safety of your investments.