FinoTrend claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
Moreover, the Belgian Financial Services and Markets Authority (FSMA) identified that FinoTrend is a fraudulent online trading platform.
The truth is that FinoTrend is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
FinoTrend claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Moreover, the Belgian Financial Services and Markets Authority (FSMA) identified that FinoTrend is a fraudulent online trading platform. The truth is that FinoTrend is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.