Why is Finap Limited suspicious?
One of the first signs of fraud is the absence of necessary documents from the broker. Scammers typically try to avoid complicating things and target unsuspecting beginners. Finap Limited is no exception. Fraudsters promise golden mountains but evade justice. In this review, we will examine the opinions of real users and analyze the legal aspects.
What is known about Finap Limited?
In words, Finap Limited claims that clients are always a top priority and offers the best market conditions. According to their website, they collaborate with over 25,000 investors from different countries, with a daily turnover of over $5 million. However, considering the lack of reviews and secretive information about the company, it becomes clear that something is amiss here. Additionally, it’s noteworthy that the company conceals its work experience and actual location, raising doubts.
Further examination via whois service confirms that the domain finaplimited.world was recently registered in 2023. Apparently, it is a newbie in the field just starting to spread its wings. Such dubious actions cannot inspire trust.
The situation with customer support also leaves much to be desired. Scammers use temporary SIM cards for calls, and contact information on the website is missing. The only method of contact is a feedback form, triggering suspicions.
Information about the company’s top management is almost nonexistent. Obviously, wrongdoers prefer to stay in the shadows, as they are not interested in taking responsibility for their actions. This is further confirmed by the negative reviews from real clients.
Transparency and Licensing
Finap Limited provides internal documents with cooperation terms. However, it is important to note that the terms are beneficial only for the company. The registration location, license presence, or legal address are not stated anywhere.
Through specialized services, it becomes evident that Finap Limited operates solely in the online space. No regulator mentions such a company, indicating its questionable reputation.
Based on reviews from deceived traders, it is noticeable that dealing with illegitimate companies leads to serious problems. The lack of oversight from regulators poses risks, and investors have to independently resolve arising difficulties.
Trading Conditions
According to the provided information, Finap Limited offers access to trade various assets, including currencies, cryptocurrencies, indices, stocks, and commodities. Without the option of a demo account, clients must immediately select a tariff and fund their account. Some features of the offer:
- three tariff plans with entry thresholds ranging from $250 to $10,000,
- analytical tools,
- remote access programs like TeamViewer and Anydesk,
- usage of the MetaTrader 5 trading platform,
- minimum position size of 0.01 lot,
- protection against negative balance,
- opportunities for mobile trading.
However, information on payment methods, withdrawal times, or commission fees is absent.
Client Reviews
Despite the project’s relatively short existence, Finap Limited has already accumulated negative reviews. We recommend reviewing the opinions of other users to avoid potential risks.
If you have something to say about your experience with Finap Limited, please leave a review. Your words can help other users avoid mistakes.
Fraud Scheme
Finap Limited lures novices with promises of education and assistance in deals. At first glance, providing remote access is a standard practice for training. However, scammers have different intentions. By utilizing AnyDesk, they gain full access to the client’s account and funds. They then swiftly empty the account and block access to it, justifying this with violations of terms or financial manipulations. According to reviews, this is a typical scheme.
Analysis Summary
Such fraudulent companies, like Finap Limited, seek solely personal gain. Dealing with a broker lacking necessary licenses and a transparent legal basis is dangerous even for professionals. Charlatans only mimic trading and redirect stolen funds into their pockets. Here, significant amounts can be lost in a short period.
