Do you want to get your money back from FinoMarkets? This article explores how Global Assets Refund can help you get your money back from FinoMarkets.
Conducting extensive due diligence on the businesses and entities you intend to send your money to is the first step in defending yourself against shady Forex and cryptocurrency brokers. There may already be other users of the service who have posted their comments and feedback online on various forums.
After doing some research on numerous social media sites as well as online trading discussion boards, a common thread of people’s dissatisfaction with FinoMarkets emerged. This user feedback suggests that FinoMarkets is an unreliable broker, so extra caution should be exercised before investing in their brokerage platform.
Read on to learn more about how Global Assets Refund can help you get your money back from FinoMarkets.
What Services Does FinoMarkets Offer?
FinoMarkets provides 3 types of trading accounts:
The Gold account provides weekly market evaluations, while the Platinum account offers five protected trades. For any of these account categories, FinoMarkets does not reveal its minimum deposit requirements.
Scam brokers typically don’t define anything. They let account managers speak with clients and assess their financial status before requesting the amounts they are confident they can secure. It’s a common scam where one person can start with $200 and the other is contacted for $1,500 first. The initial deposit for other account types may vary. Avoid falling for a scam by never investing with a company that hasn’t made all of its terms and conditions clear upfront.
Is FinoMarkets a Scam?
The owner of FinoMarkets has never been made public. The address in London indicates that the company is based in the United Kingdom (which is false). Any investment brokerage that wishes to provide financial services in this country must obtain an FCA license.
There are no FinoMarkets regulations that we are aware of, not with the FCA or any other Tier 1 license provider like CONSOB, BaFin, ASIC, FINMA, etc.
It is always risky to invest your money in unregulated scams. The business might easily establish an offshore base of operations or a secret boiler room anywhere. It can be quite difficult to locate your money once the deposit is made, and no regulator can make up for it.
Regulation and Financial Security
FinoMarkets publishes practically no corporate information at all, including firm names, locations, licenses (if any), and anything else besides an address in the UK that isn’t real. The brokerage’s failure to provide information about itself raises serious concerns due to its lack of transparency.
As it turned out, FinoMarkets was formally identified as a scam when it was placed on the Italian regulator CONSOB’s blacklist. If you deposit with them, you risk losing your money because the brokerage is against the law. Nevertheless, we would still advise against dealing with FinoMarkets because it lacks a license and its legitimacy is questionable.
Hence, we only recommend licensed brokers because licensing guarantees the security of customer funds as well as transparency, integrity, and reliability. For instance, brokers licensed by the CySEC in Cyprus and the FCA in Britain are guaranteed to be secure because both jurisdictions impose stringent regulatory requirements, such as segregating client accounts and implementing risk-reduction techniques like leverage restrictions and negative balance protection.
Our Procedure: How to Get Your Money Back from FinoMarkets
Don’t be concerned if you have already deposited your money with FinoMarkets and they refuse to return it to you, which is highly likely to happen.
First and foremost, you must save the emails you shared with them as evidence that you have asked them for a refund of your money but that they have refused to do so or have delayed the process unnecessarily.
Chargeback should be done as soon as possible. You should inform your bank or credit card company that you were duped into depositing with an unlicensed trading company and that the company is refusing to return your money. This is the most straightforward method of getting your money back, but it also causes the greatest harm. We can help you prepare your chargeback case if you’ve never done it before, if you’re unsure of where to begin, or if you’re not sure of how to present your case to your bank or credit card company.
In addition to assisting you with the chargeback procedure, Global Assets Refund can put in place other efficient fund recovery procedures to improve your chances of getting your money back from FinoMarkets.
Don’t be upset if FinoMarkets caused you to lose money. There have been others before you, and there probably will be more. Even the most diligent investors occasionally make mistakes, which should be viewed as a teaching opportunity. Global Assets Refund has a lot of expertise in dealing with scammers. We’re here to assist you in determining how to get your money back from FinoMarkets.
The team at Global Assets Refund comprises a team of fund recovery experts who are committed to assisting customers in recovering the money they have lost online. We have assisted clients in recovering millions of dollars from all over the world.
Contact us today to schedule a free consultation and learn more about how Global Assets Refund can help you get your money back from FinoMarkets.