Honest review of Financingfifty: analysis of CFD broker’s activities, reviews

Why you should be cautious with attractive offers from a broker

Before fully trusting a broker who offers amazing conditions and is rich in rewards, it is recommended to carefully check all the information provided. This will help avoid a huge amount of losses that critics complain about. Today we will take a close look at the company Financingfifty, founded in 2017, which supposedly helped more than 360,000 traders. But what is the real situation with this company? At the moment, there is little information and reviews about it on the internet, which raises some doubts about the seriousness of this financial organization. Let’s analyze the situation.

Important aspects about Financingfifty: key facts

The reliability indicator of the project lies in the reputation of the parent company. Officially, Financingfifty was registered in Cyprus and presumably received approval from three authoritative regulators from different countries. However, it turned out that there was no information about this company in the official registers. Consequently, the CFD broker simply made up data about licenses. In fact, no one controls its activities.

From our observations, there are no serious signs of brokerage activity on the website “Financingfifty.” This resource does not represent a typical site of a respected firm, as it is filled with various advertising slogans and empty promises.

The domain financingfifty.com was registered in March 2015, but this does not indicate significant experience in the financial sector. Probably, the intermediary simply bought this website and made suitable changes just a couple of months ago. This is also confirmed by reviews from former clients of the CFD broker. It is worth noting that the first reviews about the company only appeared in May 2020.

Official information and contact details

• Company’s legal address: 205, Archbishop Makarlos Avenue, 3030 Limassol (Cyprus). At this stage of preparing the review of Financingfifty, it became known that this location is used as “virtual offices.” Evidently, scammers hope that no one will verify this information. It should be noted that the company has no representations in Russia or other CIS countries,
• Email address: [email protected] (used for collecting personal data by scammers),
• Phone: +44 (0) 130 23 481 (number inactive, as it is fake).

We also did not find any reviews about the support service, unlike complaints about non-payment of funds. Considering such a reputation, we can confidently say that the awards of “best broker” are fake, as are the liquidity providers.

Terms of service and legal aspects

Since this CFD broker operates illegally, all documents on its website do not have legal force. This means that the client remains unprotected. Moreover, by signing an agreement with the company, he essentially exposes himself to danger. Let’s focus on the following points:

• clause 15.3 – the intermediary is not responsible for the recommendations and quotes provided. In case of losses, scammers will note that they warned,
• clause 15.6 – the company does not guarantee the absence of price manipulation, allowing for easy embezzlement of traders’ deposits,
• clause 19.9 – withdrawal of funds is permitted only 20 days after registration on the website. By that time, scammers may have already disappeared to offshore locations, leaving behind poor reviews,
• clause 22.4 – the company has the right to terminate the contract with the client at any time. Thus, scammers can suddenly block the account and steal funds,
• clause 38 – here it is mentioned how conflicts, which may arise in dealing with a fake broker, are to be resolved. All disputes are supposed to be resolved in accordance with the laws of Vanuatu, although this country has no direct relation to the activities of Financingfifty.

Registration and trading conditions on financingfifty.com

During the investigation of the trading conditions of Financingfifty, it was found that the minimum entry threshold to their website is only $100. For a reputable brokerage company, this is too low, but for scammers, it’s normal. The “Financingfifty” website offers 3 types of trading accounts:

• “Start”. Designed for beginners. The minimum deposit is $100, leverage 1:20, instant trade execution,
• “Optimal”. Characterized by an effective CFD trading method. To open it requires a minimum of $1,000. Within this account, there is instant trade execution, deposit insurance, and a 1:500 leverage,
• “Professional”. To activate, a deposit of at least $10,000 is required. Information about the conditions of this account is limited. In essence, it differs from the “Optimal” account only by having round-the-clock personalized support.

It should be noted that there is almost no credible information about swaps, spreads, and other important trading conditions on Financingfifty. Moreover, trading is proposed on their proprietary platform, not on popular platforms like MT4 or MT5. Users are promised flexible settings, the latest news on the platform, and convenient analysis tools. In practice, this turns out to be mere manipulation, through which scammers extract funds from clients.

Former clients’ reviews on Financingfifty

After studying numerous forums, we found that the fake CFD broker Financingfifty appeared relatively recently, although it claims an official launch in 2017. Reviews about this company are practically non-existent. Only a few reviews have appeared, all relatively recent (May-June 2020).

For instance, in his review of the “Financingfifty” organization, Alexander called it a scam. He pointed out that it is simply a cloned project from experts in fraud:

Mikhail also expressed a negative opinion about “Financingfifty”. He was promised the earth, but instead, collaboration with the pseudo-broker resulted in a loss of $250:

Arsen also confirmed that scammers do not allow any profits to be withdrawn:

Characteristics of the fraudulent scheme “Financingfifty”

The authors of the company Financingfifty use a straightforward deception scheme. Despite the fact that most experienced traders immediately recognize the trickery, there are trusting individuals who register on the pseudo-broker’s site and invest funds. They are attracted by the minimum deposit of $100, the opportunity for trading with a mentor, and the “unique” trading platform.

According to reviews from former clients of the company “Financingfifty,” it is impossible to withdraw profits. Scammers have arranged the terms in the contract in such a way that the trader remains without his funds in any case. Given the illegal activities of the company (all licenses are fake), seeking justice in this situation is practically impossible. No regulator will stand up for your protection.

We also recommend reading the following articles:

• Forex Basics: How to use price channels for trading,
• Understanding reversal chart patterns,
• List of forex brokers licensed by the Central Bank of Russia.

Conclusions on the review of the fake CFD broker Financingfifty

Scammers from “Financingfifty” use the trust of naive traders for manipulations. Every word on the pseudo-broker’s website financingfifty.com is an outright lie. The company has no broker license, which rules out the possibility of cooperation with reliable liquidity providers. In reality, this firm should only be attributed to trading simulation and manipulation of traders’ funds.