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Finiko -

Score

1.47 /10
Danger

Finiko

Russia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.finiko.world

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.70

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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

Broker Information

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Company Name

Finiko

Company Abbreviation

Finiko

Platform registered country and region

Russia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Finiko · Company summary

Note: Finiko's official website: https://www.finiko.world is currently inaccessible normally.

Finiko Information

Finiko Company Limited is an unregulated brokerage company registered in Russia.

Finiko's homepage

Is Finiko Legit？

No license

Finiko currently lacks valid regulation. This means that the broker is not a safe forex broker, instead, you can choose regulated brokers.

Downsides of Finiko

  • Unavailable Website

Finiko's official website is currently inaccessible. We can not get first-hand information from its website.

  • Lack of Transparency

There is a notable lack of information about Finiko available online.

  • Regulatory Concerns

Finiko currently operates without valid regulatory oversight. Its safety and legitimacy are doubtful.

  • Withdrawal Difficulty

According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals.

  • Contact Difficulty

According to a report on WikiFX, when a user contacted customer support they didn't want to give the account manager's email address.

Negative Finiko Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative Finiko Reviews on WikiFX

As of now, there are 3 pieces of Finiko exposure in total. I will introduce 2 of them.

Exposure 1. Withdrawals and contact difficulty

ClassificationOthers
Date2023-02-22
Post CountryUnited Kingdom

You may visit: https://www.wikifx.com/en/comments/detail/Co202302225451962281.html

Exposure 2. Cannot withdraw

ClassificationUnable to Withdraw
Date2021-12-17
Post CountryArgentina

You may visit: https://www.wikifx.com/en/comments/detail/202112168562171651.html

Conclusion

Trading with Finiko may pose security risks as they lacks valid regulation. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investment. When selecting a trading platform, prioritize those supervised by recognized regulatory bodies for enhanced security and peace of mind.

News

NewsWIKIFX REPORT: Finiko: founder Doronin testifies against 44 accomplices

Finiko, Russia's most recent crypto-ponzi, has seen significant advancements. Kirill Doronin, the company's founder, has agreed to testify against 44 accomplices who reportedly disobeyed his order to only take cryptocurrency investments.

WikiFX
2022-06-09 14:40
WIKIFX REPORT: Finiko: founder Doronin testifies against 44 accomplices

NewsWIKIFX REPORT: Russians lose millions as Finiko pyramid scheme collapses

Many people link Russia's big financial pyramid schemes with the 1990s and the financial Wild West that followed the Soviet Union's demise. They are, nevertheless, still alive and well today. The Finiko pyramid fraud was busted recently, and its founder, Kirill Doronin, was arrested. The scandal, which began in 2018, defrauded Russians of over $100 million.

WikiFX
2022-06-09 13:55
WIKIFX REPORT: Russians lose millions as Finiko pyramid scheme collapses

News$100M BTC Ponzi scheme Finiko founder arrested in Russia

The founder of one of Russia’s largest cryptocurrency scams to date is behind bars, and his accomplices are being sought by Russian authorities. Moscow police arrested Kirill Doronin on charges of allegedly defrauding $100 million from his investors, although some reports purport the figure could be over $1 billion.

WikiFX
2022-02-22 12:09
$100M BTC Ponzi scheme Finiko founder arrested in Russia
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User Reviews

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User comment

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Comments

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泳成
more than one year
Withdrawals are a huge PROBLEM! When you contact customer support they don’t even want to give you your account manager's email address. I used to promote this company a lot but now I will NEVER do so!
Withdrawals are a huge PROBLEM! When you contact customer support they don’t even want to give you your account manager's email address. I used to promote this company a lot but now I will NEVER do so!
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2023-02-22 14:39
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LISA54977
more than one year
el sitio web de finiko ya no se abre y podemos ver denuncias negativas contra este broker. entonces debemos, sin lugar a dudas, mantenernos alejados de esta empresa y evitar caer en trampas semejantes en el futuro.
el sitio web de finiko ya no se abre y podemos ver denuncias negativas contra este broker. entonces debemos, sin lugar a dudas, mantenernos alejados de esta empresa y evitar caer en trampas semejantes en el futuro.
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2023-02-14 16:29
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