Finocapital review: trading conditions, reviews
About Finocapital: What is the parent company known for?
The brokerage company is managed by Lollygag Partners LTD, an offshore structure with a notorious reputation. It also owns the criminal broker FxCore, which has received numerous negative reviews online.
Here is the information available about Lollygag Partners LTD:
- Legal address: 8 Copthall, Roseau Valley (Dominica),
- Registration number: 2020/IBC00079.
Dominica is an offshore zone with ambiguous regulation. It is impossible to verify the authenticity of their registration since there is no public registry of companies. There is no mention of the company being licensed, and a check with the local regulator confirmed that Lollygag Partners LTD is not listed. Surprisingly, operating without official authorization, these scammers continue to run their activities, even running a multi-language website to deceive people from different countries.
Additionally, Finocapital conceals information about its clients, turnover, and even the project’s start date. However, WHOIS data shows that the company has been operating for less than a year. With such figures amid numerous negative reviews, it can be affirmed that this organization should not be trusted, especially considering the possibility of its sudden disappearance at any moment.
What does Finocapital’s offerings include: trade conditions overview
On the Finocapital platform, trading with various assets is possible:
- Currency pairs,
- Stocks,
- Indices,
- CFDs.
By enticing users to open a demo account, fraudulent individuals hide it from platform search. Site registration is a standard procedure requiring the provision of personal information (including a phone number). Given Finocapital’s controversial tendencies, new registered users should be prepared for pushy marketing. It should not be surprising that not only the company’s employees but also those from other firms will start calling. In such a situation, it would be wiser to just discard the SIM card than endure all of this.
Finocapital presents its clients with 6 account options to choose from:
- Easy start. Minimum initial deposit – $250. Users are promised a 25% bonus, daily trading signals, basic course, automated operations, and a personal manager,
- Standard. Initial deposit starting from $1,000. Key features: 50% bonus, flexible leverage (amount unspecified), 3 daily signals, advanced training, 15% deposit retention,
- Trader. Opening this account requires $10,000. Key features: 75% deposit bonus, 5 daily trade indications, 30% account retention, risk management webinar,
- Pro Trader. Investment from $25,000. The firm guarantees a 100% deposit bonus, analytics and manager service, 45% account retention, 10 daily signals,
- Premium. Balance top-up starting from $50,000. Includes: 20 daily signals, 60% account retention, 150% deposit bonus,
- VIP. To open an account of this level, an investment of at least $250,000 is required. The account will offer a 200% deposit bonus, 30 daily signals, 75% retention.
The organization promises fast transactions, indicating a period of 1 to 3 days in the rules. However, there are no reviews confirming the actual possibility of profit withdrawal.
Real client testimonials for Finocapital
Finding information about reviews on Finocapital is not difficult. In a short period of operation, this unscrupulous broker has already let down many novice traders:
How do Finocapital operate with foreign clients?
The Finocapital scam scheme is quite clear when reviewing testimonials. Fraudsters skillfully cultivate potential victims and lure them into investments. With managed software, they have no trouble simulating profitable trading.
This scenario ends when the investor tries to withdraw funds. The criminal plan involves the need to pay fake fees and taxes, claiming that without this, withdrawals are not possible. Even if the trader complies with all requirements, they will still not receive their profits! The final blow comes with the account being blocked, after which access to the Finocapital website is permanently terminated.
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Conclusion: summing up the Finocapital review
Our conclusion: Under no circumstances should you have any dealings with Finocapital! It is a creation of offshore scammers and does not have the appearance of a brokerage operation. These tricksters will drain you of your money to the last cent and will be in search of the next victim.