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FinoTrend -

Score

1.41 /10
Danger

FinoTrend

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://finotrend.com

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Score

Regulatory Index0.00

Business Index6.22

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Warning

EE FSA
2022-02-02
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Broker Information

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Company Name

FinoTrend

Company Abbreviation

FinoTrend

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FinoTrend · Company summary

Note: FinoTrend's official website - https://finotrend.com/ is currently inaccessible normally.

FinoTrend Review Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, indices, metals, energies, futures, shares
Demo Account/
Islamic Account✅
Leverage1:10 - 1:50
Spread/
Trading PlatformWebTrader
Min Deposit5,000 EUR
Customer Support24/5 support
Tel: +44 7897042815
Email: support@fino-trend.com

Registered in the United Kingdom, FinoTrend is an online broker, offers a wide range of trading instruments. However, please note that there is no evidence that FinoTrend is regulated by FCA or other regulatory agencies, be aware of the risk.

FinoTrend's homepage

Pros and Cons

Pros Cons
Various tradable assetsUnavailable website
Multiple account typesUnregulated
Conservative leverageNo MT4/5
Popular payment optionsHigh minimum deposit

Is FinoTrend Legit?

No, FinoTrend is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

No license

What Can I Trade on FinoTrend?

Tradable Instruments Supported
Forex✔
Indices✔
Metals✔
Energies✔
Futures✔
Shares✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌

Account Type

A total of five account types are available with both retail and professional accounts: Beginners, Traders, Expert, VIP and Exclusive. The minimum initial deposit to open a Beginner account is absurdly high 5,000 EUR to 9,999 EUR, Besides, account services are almost same, including dedicated account manager. Trading signals are only available with Expert, VIP and Exclusive accounts.

Aside from five accounts mentioned above, the Islamic account is also available.

Account TypeMin DepositMax Deposit
Beginner€5,000€9,999
Trader€10,000€24,999
Expert€25,000€49,999
VIP€50,000€99,999
Exclusive€100,000+/
Account comparison

Leverage

The trading leverage differs depending on trading accounts. The leverage offered by five trading accounts ranges from 1:10 to 1:50.

Account TypeMax Leverage
Beginner1:10
Trader1:20
Expert1:30
VIP1:40
Exclusive1:50

It is important for forex traders to select the level of leverage that they feel most at ease with. Low leverage like 5:1 or 10:1 may be more acceptable if you're more conservative and don't enjoy taking numerous chances or are still learning how to trade currencies.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
WebTrader✔Web/
MT4❌/Beginners
MT5❌/Experienced traders

Deposit and Withdrawal

FinoTrend allows its clients to make a deposit and withdrawal through Bank Wire Tranfer, Credit Card, as well as Debit Card.

User Reviews

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User comment

2

Comments

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微18872749193
more than one year
Do not fall for this scam. Constant lies and he has an answer for everything. Yes, we were naive but I cannot let anyone else go through the same thing. He'll constantly call you "my friend" all the while stealing your money. Trying to take your money out is a joke!
Do not fall for this scam. Constant lies and he has an answer for everything. Yes, we were naive but I cannot let anyone else go through the same thing. He'll constantly call you "my friend" all the while stealing your money. Trying to take your money out is a joke!
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2022-12-13 17:05
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FX1119282805
more than one year
I wonder who give this broker the courage to ask for €5000 to get started? Are they insane? A legit broker only requires around $100 to open a standard account. Guys, be wary of this broker, for it may hurt you so much.
I wonder who give this broker the courage to ask for €5000 to get started? Are they insane? A legit broker only requires around $100 to open a standard account. Guys, be wary of this broker, for it may hurt you so much.
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2022-12-09 15:57
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