FinuTrade Review: An Obvious SCAM?

FinuTrade - logo

FinuTrade claims to have earned the trust of traders thanks to a properly organized service. It considers registration in Saint Vincent and the Grenadines a plus due to the weakening of the tax burden. Clients who leave reviews on various resources disagree with this statement. In their opinion, scammers are hiding here.

FinuTrade General Information

Phone Number +442038076465
Address Beachmont Business Center, 242, P.O. Box 1510, Kingstown, St. Vincent and the Grenadines
License None
Minimum Deposit ₮5,000
Assets CFDs
Leverage Unknown
Trading Platform WebTrader

Registration and Client Portal Review

On the main page of their website, FinuTrade’s founders write about the importance of digital assets. Despite the international status of the broker, its interface supports only English.

FinuTrade - website

The company also positions itself as the first trading environment that exclusively uses bitcoin for exchange, deposits, and withdrawals. A slightly strange statement in the age of De-Fi and stablecoins.

Bitcoin is no longer widely used for such purposes. Rather, it is mentioned to attract people who are extremely far from the world of cryptocurrencies. Nevertheless, let’s see what FinuTrade will offer us after registration.


Unfortunately, we were in for a crushing failure. The registration window looks like literally nothing. If you click the “Traders Login” button, as expected, the login form will open, not the registration form.


Thus, we cannot say anything about the quality and functionality of the client portal. It is not clear whether registration was before, or on the contrary, will be added soon.

FinuTrade Trading Conditions

The broker offers cryptocurrency trading because it has advantages over other assets. The main ones are decentralization and lack of inflation (a very controversial statement).

Account Types Review

Before opening an account, it is important to determine which tariff best suits your needs. However, the types of accounts look quite exotic.

Name Minimum Deposit, MNT Options
Micro 5,000 Manager support
Bronze 25,000 Webinars
Silver 75,000 Daily market analysis
Gold 150,000 Trading center
Platinum 150,000 Uncertain best terms

FinuTrade does not fully disclose trading conditions. There is no spread, swap, commissions, or other indicators. For absolutely incomprehensible reasons, the minimum deposit is specified in Mongolian tugriks.

Trading Platform

FinuTrade has a classic WebTrader that does not require a download and has no app. The platform can be opened on a PC or smartphone if it supports a stable Internet connection.


We are not able to review the terminal. However, on the main page, the broker posts a distorted screen of the platform. Please note that there are different CFD categories among assets. The legend of the exclusive choice of cryptocurrency turned out to be nonsense.

FinuTrade — Deposit and Withdrawal of Funds

The broker claims that deposits and withdrawals can only be made in bitcoins. According to it, this is one of the safest and fastest ways.

However, not everyone has the desire to open a bitcoin wallet, and then spend time and commissions on the exchange of coins. In any case, we can’t check if this statement is true.


We also don’t know anything about verification. FinuTrade does not talk about this procedure anywhere and does not lay out a KYC/AML policy.

Is FinuTrade a Scam?

The company promises its clients excellent trading and convenient service. However, trading conditions already make it clear that FinuTrade is not what it seems.

Shadorte Limited, a legal entity registered in Saint Vincent and the Grenadines, manages FinuTrade. The registry of this offshore state confirms that the firm was incorporated in August 2021.

FinuTrade - company info

However, the Financial Services Authority of Saint Vincent and the Grenadines does not license brokers. So, the rights and funds of clients are not protected by anyone. Domain Info

The broker does not say exactly when it started its activity. Judging by the awards received for developing the platform, it must have enough experience in the financial market. However, the company was officially registered in April 2021, and the domain appeared even later.

FinuTrade - domain info

A look at the Internet Archive showed that in 2021, the site had only a text review of FinuTrade. Apparently, various sites with positive articles are now using this information. So, there was mentioned a deposit of $250, the MetaTrader platform, etc.

Contacts Review

Theoretically, you can contact the manager by phone number, e-mail, or using a callback request. In reality, it is unlikely that someone will answer you.

The FinuTrade phone is marked as spam on the internet. People say they are getting calls and being offered crypto investments with huge profits.

It’s funny, but even a resident of Hong Kong complained about the calls. Someone in Norway also tried to find out about this number. In general, scammers are not limited to one country.


The Spanish National Securities Market Commission warned on May 17, 2022, that Shadorte Limited is not authorized to provide investment services. Soon this information got to the national financial regulators of Italy and Estonia. (Possibly other countries as well).

Likely that FinuTrade’s activities will soon be severely restricted internationally. The scammers will have to close the site.

Pros and Cons

  • Not detected.
  • Closed registration.
  • Unclear trading conditions.
  • No verification.
  • The terminal is not available.
  • No license.
  • Spam complaints.



FinuTrade Summary

FinuTrade - favi

FinuTrade is an obvious scam. The founders tell false stories about big profits and great trading prospects. In fact, the broker is completely unregulated and has come under the attention of the authorities. Most likely, it’s no longer registering new customers. Don't waste your time on it.

Website information content 2
Client Portal 1
Trading conditions 2
Trading platform 1
Deposit and withdrawal 2
Verification 1
Licenses and guarantees 1
Work duration 2
Feedback 1

Frequently Asked Questions (FAQ)

What Is FinuTrade?

It is one of an endless number of scams that masquerade as online trading. This is a fake broker; they are just stealing your money.

Is FinuTrade Real?

Not at all. The management company is offshore registered and not regulated.

How Much Money Should I Invest With It?

It’s completely unclear. A deposit of 5,000 Mongolian tugriks means $1.56. In another place, they write about 250 dollars. The third one mentions payments in bitcoins.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Luisa

    Suspicious platform

    FinuTrade called me themselves, although I don’t remember leaving my new phone number anywhere. They managed to interest me, so I signed up anyway. Then nonsense began, verification could not be passed, and the terminal was not loaded. I decided not to invest with them.

  2. Beckin

    Faced with fraud

    I deposited $600 into this broker’s account and tried to withdraw it a few months later. These funds were in process for a week and after that, they just disappeared. I have $10 left on my balance. And no one can tell me where the rest of the money is. Mystic.

  3. Gord

    This is a scam

    FinuTrade will assist traders as long as you deposit money regularly. Even if not in large amounts… and when you stop, like me, they will begin to interfere with the system to nullify all your profitable trades.

  4. Jake

    Total fake!

    Insolent and rude cheating of positive reviews! This crap was investing a lot of money in advertising and stealing even more from their customers. I am very glad that it closed the registration of new users. The end is near!