Finxpro: customer reviews, detailed document analysis
Finxpro: customer reviews, detailed document analysis
Broker Finxpro offers to join the global community of traders and confidently trade on the stock exchange after completing training. It is possible to earn big on financial markets with minimal starting capital and regardless of experience. This is what Finxpro assures and promises to help everyone who is ready to become their client. Let’s check how much one can trust such promises and what reviews actually say about this broker.
Data from the Finxpro website
At the address finxpro.org, we can find all the information we are interested in. It immediately catches the eye that the site does not support languages other than Russian. This means we cannot talk about an international company; obviously, the main audience is Russian-speaking users.
The homepage mentions that Finxpro has been on the market for 10 years and has gained fame. This is untrue because the domain was registered just a few weeks ago. Moreover, there are almost no reviews or mentions of this company on the Internet.
No contacts are specified on the site, not even such a section. No phones, no offices, no links to social networks. There is an email address for customer support, but it is invalid.
And this is from a broker with a ten-year experience. It is immediately apparent that they did not put much effort into the legend, and the site was developed hastily. These are clear signs of a “kitchen.”
Broker registration and licenses
Finxpro has big problems with self-identification: understanding what kind of company it is is very difficult. For example, the footer of the site lists the address of Pro Investing Ltd. Also, if you go to the “Certificates” section through the “Menu” button, the certificate of this company confirming its registration in London will be loaded. And yes, this organization was indeed registered on December 9, 2020 (do you still remember the tales of ten years of experience?).
How Finxpro and Pro Investing Ltd are connected is not indicated anywhere. But that’s not all. Clicking on “Certificates” in the site footer opens a poorly loaded license from the state of Saint Vincent and the Grenadines, issued to some Prometheus LTD.
However, in the “User Agreement,” from the very first lines, we learn that the services are provided by SSSSS Ltd, also from Saint Vincent.
This already clearly indicates that we are dealing with another group of scammers who hastily change the signboard and prepare a new pseudo-broker by copying documents from completely different organizations. This means that Finxpro is nothing more than another fake company that will not last a year.
Will traders who open an account here be able to get their money back in case of fraud? No, because the broker did not receive a license from the Central Bank of the Russian Federation, which guarantees the protection of users from Russia.
Everyone who dares to contact Finxpro should understand that they are dealing with a broker who has neither registration nor a regulator’s license, nor the right to provide services in the territory of the Russian Federation.
Conditions for traders in Finxpro
Since the company is just gaining momentum, they are interested in attracting new clients here. For this purpose, the organizers have prepared a referral program, bonuses, and various promotions.
For example, upon registration, you can receive an additional 30% of the deposited amount as a welcome bonus. However, in return, the trader must close deals totaling 10,000 times the bonus amount. This condition negates all the benefits of such a “gift” because it is practically impossible for a novice trader to conduct so many trades without losing their deposit.
Users are also attracted by the opportunity to start trading with a minimum amount of $500. This Mini account has many restrictions and practically leaves no chance for successful operations.
To compensate for such a limitation, they offer leverage ranging from 1:100 to 1:400. Anyone close to the trading world knows that such leverage is offered only by scammers. Honest brokers adhere to the recommendations of global regulators and limit leverage to 1:20–1:50.
With such bait as a low entry threshold, high leverage, a referral program, and welcome bonuses, Finxpro clearly counts on attracting inexperienced and trusting newcomers who can easily be tricked into losing large sums.
What do reviews say about Finxpro?
As we have already found out, the scheme is just starting to gain momentum; the site has not even been put in order, the names have not been corrected. It is clear that with such preparation, expecting popularity is naive. The few reviews only confirm this. We found a couple from outraged users, we present them here:
And one more detailed review about Finxpro:
If new reviews appear online, we will definitely post them in this section.
Schemes of deception in the “kitchen” of Finxpro
All one-day scams operate on the same principle. They do not play “for the long run”; scammers are not interested in clients who need to be cultivated for months. They target beginners who know nothing about trading but passionately dream of easy money.
They mainly communicate with the client by phone, buying databases or using targeted advertising to collect numbers. In conversation, they promise high profits, guarantee the safety of funds, promise to teach everything. After opening an account, the novice trader even “earns” a lot of money with the help of a personal manager. But to withdraw them, a series of usually unrealistic conditions must be met.
The manager may demand even more trades to meet the requirements of the bonus program. Or, as mentioned in reviews, they may ask for additional payments for insurance, commissions, or something else. Or they may announce the start of a unique promotion only for their own and scam another thousand bucks. The result is the same: the client will never see their money again, and in response to their demands and complaints, the account will simply be blocked.
Finxpro — a pseudo-broker with fake documents
In this review, we examined the company Finxpro, about which there is no clear information. The broker has no licenses from financial regulators, no registration, and all the content of the resource indicates that this is another scam. Trader reviews only confirm that these are scammers. We do not recommend getting involved with this “kitchen” and answering calls from their managers or representatives.