Finiko Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-07-26 17:03

Abstract：Finiko Company Limited is an unregulated brokerage company registered in Russia.

　　Note: Finiko's official website: https://www.finiko.world is currently inaccessible normally.

Finiko Information

　　Finiko Company Limited is an unregulated brokerage company registered in Russia.

Is Finiko Legit？

　　Finiko currently lacks valid regulation. This means that the broker is not a safe forex broker, instead, you can choose regulated brokers.

Downsides of Finiko

Unavailable Website

　　Finiko's official website is currently inaccessible. We can not get first-hand information from its website.

Lack of Transparency

　　There is a notable lack of information about Finiko available online.

Regulatory Concerns

　　Finiko currently operates without valid regulatory oversight. Its safety and legitimacy are doubtful.

Withdrawal Difficulty

　　According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals.

Contact Difficulty

　　According to a report on WikiFX, when a user contacted customer support they didn't want to give the account manager's email address.

Negative Finiko Reviews on WikiFX

　　On WikiFX, “Exposure” is posted as a word of mouth received from users.

　　Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

　　As of now, there are 3 pieces of Finiko exposure in total. I will introduce 2 of them.

　　Exposure 1. Withdrawals and contact difficulty

Classification	Others
Date	2023-02-22
Post Country	United Kingdom

　　You may visit: https://www.wikifx.com/en/comments/detail/Co202302225451962281.html

　　Exposure 2. Cannot withdraw

Classification	Unable to Withdraw
Date	2021-12-17
Post Country	Argentina

　　You may visit: https://www.wikifx.com/en/comments/detail/202112168562171651.html

Conclusion

　　Trading with Finiko may pose security risks as they lacks valid regulation. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investment. When selecting a trading platform, prioritize those supervised by recognized regulatory bodies for enhanced security and peace of mind.