Upon Verification: Finco Trades Is Operating Through The Website Https://fincotrades.ltd/, This Domain Name Was Registered In October 2024.
The Company's Website Is Currently Defunct, Inaccessible, Appears To Have Gone Out Of Business, And Details About The Company Are Not Immediately Available.
Has Been Reviewed Fincotrades.ltd Is An Unregulated Broker
According To Its Website, It Claims To Be Regulated By The Cyprus Securities And Exchange Commission (CySEC), The Federal Financial Supervisory Authority (BaFin) And The Italian Company Trading Commission (CONSOB). However, No Matching Information Was Found In These Institutions.
In Addition, It Also Mentions Malta's Regulation, But Mentions That Finco Trust Is Regulated In Malta, But There Is No Evidence That It Has Anything To Do With Finco Trust. Even More Absurd, The Malta Financial Services Authority (MFSA) Has Issued A Warning To Fincotrades.ltd, Identifying This Company As A Clone Of An MFSA-authorized Company.
In Essence, Fincotrades.ltd Is Not Regulated By Any Governing Body. Funds Entrusted To Investors Are High Risk As There Are No Legal Safeguards To Protect The Funds.
Fincotrades.ltd Seems To Be A Scam. Traders Should Be Vigilant In Case Their Funds Are Damaged.
And Most Non-compliant Brokers Will Not Disclose Providing Their Direct Real Contact Information, Such As Phone Number Or Company Address.
Note: Finco Trades As An Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
