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FinoMarkets

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Operating status: SCAM

Website: https://www.finomarkets.com/

Broker violations and abnormal records
  • 2021-09-12 The Spanish CNMV Added FinoMarkets into its Warnings and Alerts

    On 13 September 2021, the Spanish regulator CNMV issued a warning against FinoMarkets. According to the release, CNMV warns that FinoMarkets is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization. You may visit: https://www.fsma.be/sites/default/files/media/files/2021-09/20210920_finomarkets.pdf

    On 13 September 2021, the Spanish regulator CNMV issued a warning against FinoMarkets. According to the release, CNMV warns that FinoMarkets is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization. You may visit: https://www.fsma.be/sites/default/files/media/files/2021-09/20210920_finomarkets.pdf
  • 2021-10-03 The FCA Added FinoMarkets into its Warnings and Alerts

    On 4 October 2021, the British watchdog added FinoMarkets to its alert list, saying that this firm is not authorised by it and is targeting people in the UK. You may visit: https://www.fca.org.uk/news/warnings/finomarkets

    On 4 October 2021, the British watchdog added FinoMarkets to its alert list, saying that this firm is not authorised by it and is targeting people in the UK. You may visit: https://www.fca.org.uk/news/warnings/finomarkets
  • 2021-11-14 The Belgian Regulator FSMA Added FinoMarkets into its Warnings and Alerts

    The FSMA in Belgium strongly advises against responding to any offers of financial services made by FinoMarkets. The financial supervisor claims that the scammer acts very aggressively. The fraudster also try to convince the victims to invest increasingly higher amounts of money by conducting its investment fraud. You may visit: https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms


    The FSMA in Belgium strongly advises against responding to any offers of financial services made by FinoMarkets. The financial supervisor claims that the scammer acts very aggressively. The fraudster also try to convince the victims to invest increasingly higher amounts of money by conducting its investment fraud. You may visit: https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms
  • 2022-01-24 BrokersView has reviewed that FinoMarkets is an Unregulated Forex Broker

    From the information we hold, we found that FinoMarkets was warned by three financial regulators before.

    The first warning comes with the Spanish regulator CNMV. According to the release, CNMV warns that FinoMarkets is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization.

    The second is from British regulator FCA. On 4 October 2021, the watchdog added the company to its alert list, saying that this firm is not authorised by it and is targeting people in the UK.

    The last one is reported by FSMA in Belgium. The regulator strongly advises against responding to any offers of financial services made by the entity. The financial supervisor claims that the scammer acts very aggressively. The fraudster also try to convince the victims to invest increasingly higher amounts of money by conducting its investment fraud.

    These proofs make it clear: FinoMarkets is actually not regulated or registered by any financial regulators. That means investors' funds in the broker is unsafe and cannot be protected by any laws. Therefore, it is a scam.

    From the information we hold, we found that FinoMarkets was warned by three financial regulators before.The first warning comes with the Spanish regulator CNMV. According to the release, CNMV warns that FinoMarkets is not authorised to carry out investment services and activities in Spain as a result of lacking necessary authorization.The second is from British regulator FCA. On 4 October 2021, the watchdog added the company to its alert list, saying that this firm is not authorised by it and is targeting people in the UK.The last one is reported by FSMA in Belgium. The regulator strongly advises against responding to any offers of financial services made by the entity. The financial supervisor claims that the scammer acts very aggressively. The fraudster also try to convince the victims to invest increasingly higher amounts of money by conducting its investment fraud.These proofs make it clear: FinoMarkets is actually not regulated or registered by any financial regulators. That means investors' funds in the broker is unsafe and cannot be protected by any laws. Therefore, it is a scam.
  • 2022-02-16 The Polish KNF Added FinoMarkets into Its Warnings

    On 17 Feb 2022, the Polish Financial Supervision Authority (PFSA or KNF) issued a warning that FinoMarkets conducts activities in the field of trading in financial instruments without a required

    authorization or power of attorney. You may visit: https://www.knf.gov.pl/en/CONSUMERS/Information_for_the_financial_market_consumers/Public_warnings?warningName=Igm+Holdings&warningTypeId=all

    On 17 Feb 2022, the Polish Financial Supervision Authority (PFSA or KNF) issued a warning that FinoMarkets conducts activities in the field of trading in financial instruments without a requiredauthorization or power of attorney. You may visit: https://www.knf.gov.pl/en/CONSUMERS/Information_for_the_financial_market_consumers/Public_warnings?warningName=Igm+Holdings&warningTypeId=all
  • 2022-05-29 The Italy CONSOB Added FinoMarkets into Its Warnings

    On 30 May 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that FinoMarkets is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

    On 30 May 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that FinoMarkets is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
  • 2022-07-05 The British Columbia BCSC Added FinoMarkets into Its Warnings

    On 6 July 2022, the British Columbia Securities Commission (BCSC) issued a warning that FinoMarkets is not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/finomarkets

    On 6 July 2022, the British Columbia Securities Commission (BCSC) issued a warning that FinoMarkets is not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/finomarkets

Related Complaints

Q&A Complaints

https://www.finomarkets.com/ is a big scam!

Vitaliy Dubiv
Armenia
2022-01-26
ANSWER FinoMarkets is thoroughly a scam broker operating without any regulation and should be avoided at all events. The domain of FinoMarkets is not available now, as most probably it has been suspended, which is always a bad sign.  In accordance with the information we hold, FinoMarkets is an unlicensed broker warned or blacklisted by several financial regulators, including the UK's FCA, Spanish CNMV and Belgian FSMA. You can check full alert or warning from FCA, CNMV and FSMA respectively. Concerning your situation, if they blocked your account without any reason when there is balance in your account, unfortunately, this must be their way of defrauding your funds. To be honest, the chance of getting your money back is slim, but we still recommend you to report it to your local authorities.
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