Finvalley: company reviews in 2022

We invite traders to cooperate with Finvalley, where you can expect trading contests, prizes, and bonuses. However, in reality, this turns out to be a fraudulent deception hastily put together. In this review, we will detail how we came to such a conclusion. We will analyze the results of checking the legal base, the commercial offer, and study the opinions of actual clients.

Final analysis about Finvalley

The official Finvalley website leaves much to be desired, there are flaws, and some sections are empty. It is obvious that the website was hastily created. It is important to note that not only is the news section empty, but also the tab with internal documents. All download links do not work. It is unclear what conditions this financial agent offers to its users.

Another alarming factor is the lack of a variety of contact details for timely communication with support and to resolve technical and financial issues. There is only an email address, which, as it turns out, is used for temporary mailboxes on https://tempr.email/ru/. This usually happens when an organization plans to operate for only a short time (i.e., to collect money from gullible investors and disappear).

The lack of reviews about Finvalley is understandable. The company hides information about its work experience and development path. Analysis of the domain’s history revealed why. The finvalley.org site started operating only in February 2022. For some time, the site was empty, while scammers were preparing to launch their fraudulent projects and forming a team of telephone spammers.

Currently, the company is trying to attract the attention of potential victims and actively placing expert reviews as advertisements.

Legal aspects

Finvalley claims to be officially registered in Wyoming (USA). However, it is immediately stated at the bottom of the website that the company does not provide services to residents of the United States of America, as well as to several other countries (Canada, Japan, UK, EU, and others). What does this mean? It should be noted that the Russian Federation, Kazakhstan, and other countries from the list of prohibited countries are not mentioned there.

Let’s analyze in more detail. Firstly, the specified Finvalley address belongs to a large trading center where various bars, restaurants, service representatives, etc., are located. This company is not among the tenants.

Secondly, an officially registered broker in the USA must have a license from the SEC. Consequently, we checked the American regulator’s database and confirmed that Finvalley does not have a license there. The company engages in unregulated activities, so an increase in the number of negative reviews can be expected in the near future.

Thirdly, in the CIS countries, this organization does not comply with the legislation and violates the requirements of the Forex Law No. 460-FZ. The company is not registered and has not obtained permission from local regulators (Russian Federation, Kazakhstan, etc.). Investors will only be left to leave negative reviews and turn to refund services, trying to get their money back, but they should not expect help from industry authorities.

Terms of cooperation

Finvalley attracts newcomers who will not delve into legal nuances and will simply believe in promises of trading contests (in fact, there is no such section on the site), great bonus offers, and prizes. The pseudobroker promises access to over 100 instruments (CFDs on commodities, metals, currencies, etc.). Finvalley does not provide a demo account for risk-free practice. After registration, you will need to fund your account before you can start trading.

The tariff plans are as follows:

• BASIC. Initial deposit – $500. Features: minimum position – 0.01 lot, $3 cashback, 10% bonus.
• AVERAGE. Entry threshold – $2,000. Additional: $4 cashback, 1% balance, and 20% bonus on deposit.
• PRO. Starting deposit – $5,000. Features: 2% balance, 30% bonus, and $5 cashback.

The creators of the fraudulent project praise their proprietary web platform but do not provide information about its technical specifications. There are no reviews from real clients that would help understand how it works.

Reviews on the platform

Currently, there are no reviews about Finvalley online; traders have not yet recognized the fraudulent activities of the organization. Newcomers have to rely only on the information provided by the pseudobroker’s employees and in expert reviews by these same scammers.

Are you ready to share your opinion and tell interesting facts about this fraud? Please leave your feedback in the special form below.

Scheme of deceiving investors

Scammers attract people with favorable conditions and bonuses, while concealing information about the peculiarities of their implementation. This is done specifically so that traders do not realize the scheme they have fallen into. In the end, users will not only have opened deals on margin, but will not even be able to recover their initial deposit until they meet all the requirements.

Conclusions from a comprehensive analysis

Our conclusion: Finvalley does not deserve trust from investors. The creators of this scam project only strive for personal gain and aim to increase their wealth at the expense of others. Scammers will continue to manipulate until the end, and suddenly disappear. Attempts to appeal to their conscience are futile – phone support is unavailable, and contacting through a temporary email address is pointless.