Score

7.81 /10
Good

Finalto

United Kingdom

10-15 years

Regulated in Australia

Market Making(MM)

Suspicious Scope of Business

Suspicious Overrun

High potential risk

D

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Score

Regulatory Index9.23

Business Index8.01

Risk Management Index0.00

Software Index8.31

License Index9.20

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Licenses

VPS Standard
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Single Core

1G

40G

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Broker Information

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Company Name

Finalto Trading Ltd

Company Abbreviation

Finalto

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 5
Previous Detection : 2024-09-23
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 158 641 064)Administration of Industry and Commerce-Register Non-Forex License. Please be aware of the risk!

WikiFX Verification

Finalto · Company summary
Aspect Information
Company Name Finalto
Registered Country/Area United Kingdom
Founded Year 2016
Regulation FCA, AUS, CYSEC
Market Instruments 80 currency pairs, 16 precious metal products, indices, energy, single stocks, cryptocurrencies
Services Market making, liquidity provision, risk management solutions
Minimum Deposit N/A
Maximum Leverage N/A
Spreads N/A
Trading Platforms N/A
Customer Support Email at info@finalto.com or call +44 (0) 203 4558 750
Deposit & Withdrawal N/A

Overview of Finalto

Established in 2016 in the United Kingdom, Finalto offers a wide range of trading assets, including 80 currency pairs, 16 precious metal products, indices, energy, single stocks, and cryptocurrencies.

Regulated by the Financial Conduct Authority (FCA), Commonwealth of Australia Regulatory Authority (AUS), and Cyprus Securities and Exchange Commission (CYSEC), Finalto ensures a secure trading environment.

Advantages include award-winning risk management, efficient customer support, and multiple regulatory approvals. However, disadvantages include the lack of clear fee information and undisclosed minimum deposit requirements.

Despite these drawbacks, Finalto's comprehensive offerings and regulatory compliance position it as a reputable choice for traders.

Overview of Finalto

Regulatory Status

Finalto is regulated by the Commonwealth of Australia Regulatory Authority under License No. 424008 for Market Making activities. This regulation ensures compliance with Australian financial laws and standards, providing traders on the platform with a sense of security and confidence in the integrity of their trades within the Australian market.

Regulatory Status

Additionally, Finalto holds a license from the Financial Conduct Authority (FCA) in the United Kingdom, with License No. 607305. This regulation signifies adherence to the stringent regulatory framework set forth by the FCA, reinforcing trust and transparency for traders engaging in Market Making activities on the platform within the UK market.

Regulatory Status

Furthermore, Finalto maintains another license issued by the Financial Conduct Authority in the United Kingdom under License No. 481853. This additional regulatory approval from the FCA further solidifies the platform's commitment to regulatory compliance and ensures that traders benefit from a regulated environment conducive to fair and ethical trading practices.

Regulatory Status

Moreover, Finalto is regulated by the Cyprus Securities and Exchange Commission (CySEC) under License No. 092/08. This regulatory oversight ensures that Finalto adheres to the regulatory standards set by Cyprus, providing traders with assurance regarding the platform's operations and compliance with relevant financial regulations within the Cyprus market.

Regulatory Status

Additionally, Finalto holds a license from the Commonwealth of Australia Regulatory Authority under License No. 158 641 064 for Common Business Registration. While this license indicates a regulatory presence in Australia, it's essential to note that it is marked as “Exceeded,” which may imply a regulatory status that needs clarification or further investigation.

Regulatory Status

Lastly, Finalto's regulatory status with the British Virgin Islands Financial Services Commission (FSC) is marked as “Suspicious Clone.” This designation raises risks about the authenticity or legitimacy of Finalto's operations within the jurisdiction of the British Virgin Islands, potentially influencing traders' trust and confidence in the platform's regulatory compliance within this region.

Regulatory Status

Pros and Cons

Pros Cons
Regulated by FCA, AUS, CYSEC No clear fee information
Diversified range of trading instruments including 80 currency pairs, 16 precious metal products, metals, indices, energy, single stocks, and cryptocurrencies Information about the minimum deposit requirement not disclosed
Award-winning risk management
Efficient customer support

Pros:

  • Regulated by FCA, AUS, CYSEC: Being regulated by reputable authorities like the Financial Conduct Authority (FCA), Commonwealth of Australia Regulatory Authority (AUS), and Cyprus Securities and Exchange Commission (CYSEC) offers traders a sense of security and assurance.

  • Diversified Range of Trading Instruments: Finalto provides access to a wide range of trading instruments, including 80 currency pairs, 16 precious metal products, indices, energy, single stocks, and cryptocurrencies.

  • Award-Winning Risk Management: Finalto's risk management solutions have received recognition and awards, indicating their effectiveness and reliability.

  • Efficient Customer Support: Finalto offers efficient customer support via email and phone, ensuring timely assistance and resolution of queries or issues.

Cons:

  • No Clear Fee Information: Finalto lacks transparency regarding fee information, including details about spreads, commissions, and other trading costs. Without clear fee information, traders may find it challenging to assess the total cost of trading on the platform, leading to uncertainty and potential dissatisfaction.

  • Information About Minimum Deposit Requirement Not Disclosed: The absence of clear information regarding the minimum deposit may deter potential traders from considering Finalto as their preferred trading platform.

Market Instruments

Finalto (formerlyCFH Clearing ) offers approximately 80 currency pairs, 16 precious metal products (including gold denominated in grams and twos), a large range of base metals (aluminum, copper, nickel, lead, zinc), indices, energy, single stocks, and cryptocurrencies to emerging markets.

Solutions

Finalto provides comprehensive solutions in liquidity, risk management, and data, tailored to meet the evolving needs of businesses in the financial landscape.

Solutions

Award-winning liquidity solutions offer bespoke liquidity pools, multi-asset execution, and prime brokerage services, fostering exponential growth.

Solutions

Dynamic risk management solutions leverage in-house expertise, predictive modeling, and scenario analysis, providing strategic advantages while minimizing costs.

Well-connected risk solutions offer better protection against market fluctuations and regulatory changes, enhanced by strong partnerships with institutional brokers.

Expansive data solutions offer historical and real-time data across various markets, empowering businesses to stay ahead of competitors with cutting-edge technology and expertise.

Solutions

Customer Support

Finalto offers comprehensive customer support through multiple channels.

Customers can reach out via email at info@finalto.com or by calling +44 (0) 203 4558 750. For specific inquiries, there are dedicated contact details for sales, services, and media departments: sales@finalto.com or +44 (0) 203 4558 751.

Whether it's sales-related queries, service issues, or media inquiries, Finalto ensures prompt and efficient assistance.

Additionally, customers can utilize the contact form on the website for further assistance.

Customer Support

Conclusion

In conclusion, Finalto offers a wide array of trading assets across various markets. Regulated by FCA, AUS, and CYSEC, it provides a secure trading environment.

Advantages include its wide range of trading instruments and the recognition it receives for its risk management solutions.

However, the lack of disclosed information on minimum deposit, maximum leverage, spreads, and trading platforms, coupled with limited educational resources, pose challenges for traders.

Despite these drawbacks, Finalto's regulatory compliance and market offerings position it as a credible option, yet transparency enhancements could further bolster its appeal to traders.

FAQs

Question: Is Finalto regulated?

Answer: Yes, Finalto is regulated by FCA, AUS, and CYSEC, ensuring a secure trading environment.

Question: What trading instruments does Finalto offer?

Answer: Finalto offers a wide range of assets including 80 currency pairs, precious metals, indices, energy, stocks, and cryptocurrencies.

Question: What services does Finalto provide?

Answer: Finalto provides market making, liquidity provision, and risk management solutions to its clients.

Question: How can customers contact Finalto's customer support?

Answer: Finalto's customer support can be reached via email and telephone for efficient assistance.

News

NewsFinalto sponsors the FT Alphaville quiz

Finalto is sponsoring the Financial Times Alphaville pub quiz, which will take place on September 26, 2024, in London. According to official Alphaville social media channels, the quiz is open to “financial nerds, legal geeks, economist dorks, etc."

WikiFX
2024-09-02 17:37
Finalto sponsors the FT Alphaville quiz

NewsFinalto Named Most Trusted Liquidity Provider at Ultimate Fintech Awards

Finalto wins 'Most Trusted Liquidity Provider' at Ultimate Fintech Awards GLOBAL 2024, showcasing their excellence in the fintech industry.

WikiFX
2024-06-27 17:01
Finalto Named Most Trusted Liquidity Provider at Ultimate Fintech Awards

NewsFinalto Launches New Office In Singapore

Finalto Asia Pte Ltd recently revealed the shift to a new office at 79 Anson Road UE BizHub in Singapore. The broker stated on its official website that This expansion underscores Finalto’s commitment to strengthening its presence in Asia and its dedication to being a truly global financial services provider.

WikiFX
2024-05-16 17:22
Finalto Launches New Office In Singapore

NewsFinalto Elevates OTC Trading With FSCA-Approved Liquidity

Finalto launches a regulated ODP liquidity solution in South Africa, promising compliance and peace of mind amid tighter regulations.

WikiFX
2024-04-17 15:53
Finalto Elevates OTC Trading With FSCA-Approved Liquidity

User Reviews

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User comment

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Comments

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Quket
more than one year
Finalto's got some great leverage options that let you take on more risk and potentially make bigger profits. And their minimum deposit is really reasonable, so it's easy to get started without breaking the bank. Overall, I'm really happy with their platform and would definitely recommend Finalto to anyone who's looking for a solid trading partner.
Finalto's got some great leverage options that let you take on more risk and potentially make bigger profits. And their minimum deposit is really reasonable, so it's easy to get started without breaking the bank. Overall, I'm really happy with their platform and would definitely recommend Finalto to anyone who's looking for a solid trading partner.
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2024-07-16 18:39
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hjbsd
more than one year
Finalto is one of the best brokers out there. In a nutshell, deposits are instant, customer service is unmatchable, high leverage, ultra low spreads even on islamic accounts, and most importantly the withdrawals are honored with no questions asked.
Finalto is one of the best brokers out there. In a nutshell, deposits are instant, customer service is unmatchable, high leverage, ultra low spreads even on islamic accounts, and most importantly the withdrawals are honored with no questions asked.
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2024-05-24 18:47
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