Fin Exchange, a service for trading assets, claims to provide a wide range of opportunities for successful investment of funds. However, expert reviews about the company are practically non-existent, and reviews can only be found on its own platform.
First Impression of the Fin Exchange Website
The Fin Exchange website gives the impression of being created without proper attention to design and functionality. Specialized resources rate it low, which is explained by its recent start of operations (February 2022). This also indicates a lack of information about the company, absence of details about its activities and management qualifications.
The company does not disclose the duration of its operations, nor does it provide information about key business figures. There are no development plans or company expansion strategies. The main efforts are focused on attracting traders from the Russian Federation and other CIS countries, as evidenced by the presence of Russian-language content.
Attention should also be paid to issues with the contact center. Despite assurances of good communication, checks have shown that the phone numbers and email addresses provided are fictitious. The company is absent from social networks and does not offer online chat for clients.
Legal Documents
The name of the parent company of Fin Exchange is Market Star Ltd. It is noted that it is registered in the Marshall Islands. The address listed on the website is standard for many commercial organizations, often associated with a negative reputation.
The presence of licenses and compliance with legislation raises doubts. The company does not provide scans of registration certificates and licenses, ignoring the requirements of Federal Law No. 460-FZ on forex brokers in Russia.
A check in the Unified State Register of Legal Entities confirms the absence of the company in the list of legal entities authorized to conduct financial operations in the Russian Federation.
Trading Conditions
Fin Exchange does not provide detailed information on trading conditions on its website. The stated trading opportunities, transparency, and generous bonuses do not have a clear description. The platform offers access to a variety of assets, such as stocks, indices, Forex currencies, and cryptocurrencies.
To start trading, a trader must choose one of the account types: Silver, Gold, Platinum. Each type comes with specific conditions and opportunities.
The website also considers the possibility of earning by attracting new clients through an affiliate program.
Reviews and Reputation
Reviews about Fin Exchange can mainly be found only on their own platform and are predominantly positive. There are currently no real reviews on external resources, but the situation may change due to active promotion of the service and attracting new clients.
Conclusion
Fin Exchange appears ambiguous in the context of its operations. Questionable reputation, lack of necessary licenses and documents, as well as insufficient information and transparency, suggest risks for investors. Caution is recommended when considering this asset trading service.
My experience with Fin Exchange has been profoundly disappointing. The platform is confusing and not user-friendly at all, making trading significantly more complicated than it should be. Customer service has been virtually non-existent; my queries and issues have been met with slow responses, and at times, complete disregard. Moreover, Fin Exchange has hidden fees that they don’t clearly disclose. It feels more like they are interested in gouging my wallet rather than helping me make informed investment decisions. Based on the excessively high trading fees and the broker’s lack of transparency, I’d advise prospective traders to steer clear of Fin Exchange.