Finesse FX is a suspicious, newly registered brokerage platform presumably owned by three different companies. Some shallow and confusing regulatory information exists, but it’s insufficient to determine the legal status of this firm.
Despite claims to bring “a touch of class’’ to your trading experience, this trading firm still reeks of fabrications and chance of being a clone. Read more about it in the following Finesse FX review.
The ruling court in dispute solving, as stated in the legal docs, is the one in SVG, where the company’s official address is. SVGFSA doesn’t issue licenses and does not subject brokerage houses to supervision.
This trading platform is obviously unlicensed by financial authorities just like FX Tech Trading, and cannot guarantee fund protection, safe trading and proper risk-control.
This is a telltale sign that the broker is using review seller networks to artificially inflate their reputation. When you count out the fakes, pretty much all of the reviews are from people who were defrauded by the company. If you need any assistance with Finesse FX chargeback, give us a call.
We’ve noticed that a number of content creators on other sites like Youtube, Reddit, X, LinkedIn and other platforms actively use Finesse FX invitation links. Following these links leads you directly to the registration page.
Upon registration the company goons, better known as boiler room agents, start pestering you for money. Some victims do deposit funds, at their own peril.
These nations are the main targets:
Surprisingly enough, the Finesse FX platform is none other than the premium online trading solution – MT5. Known for its customizability and a rich palette of diverse features, this platform is the most preferred trading software today.
Unfortunately, the platform denies access to their trading server until you pass a KYC procedure. Until then, you do not get the login credentials.
The shady service provider insists on offering MT5 for mobile devices as well. Alas, after clicking the download link, we were directed to the MetaQuotes Google and Apple stores. If you want to get the default Demo version of the software, you can do so by yourself, without being linked by a third party.
Without access to their trading server, we couldn’t get detailed information about which trading instruments are available. The website itself only mentions a few product categories, without even giving the examples. Instrument groups listed are:
Under the pretense of providing packages that suit any trader’s needs, the company has boosted the price of the most advertised account to the extreme. The other packages differ in terms of leverage and spreads, as well as trading commission. Here’s the account types:
Only after going through a thorough and detailed KYC procedure can you expect an option to open a Demo account.
What’s more, you’ll immediately be obligated to provide your credit card details even if you do not plan on buying anything right away. How obvious from a fraudster that they’re trying to get their dirty hands on someone’s capital.
The commission varies from $0 to $8 per lot, depending on the account type selected. The same goes for spreads, which can vary from as low as 0.4 Pips to 1.2 Pips, again depending on the account.
Deposits are free of charge, but the withdrawal fee is 1.5%. These are all well within the current industry averages, so no surprises there.
The maximum leverage is 1:500, much higher than what most jurisdictions allow today.
We found a discrepancy when it comes to payout. The website advertises that all withdrawals are instantaneous. The Terms and Conditions, however, state that withdrawal via the bank card may take up to 3 days.
Since these transactions should be electronically processed, there is no reason for a 3 day waiting time. Should you encounter problems with Finesse FX withdrawal, contact our chargeback experts via the live chat.
Other blacklisted entities like Morton Finance are also known to cause troubles with payouts.
No matter the amount of visually striking details on the website, the firm is still messy when it comes to regulations. As a suspected clone without any kind of license, this firm is anything but trustworthy. We understand that their convincingness has made you throw real cash in.
It’s still not too late if you wish to take your investment back. Book your free consultation via our online chat and lets work on getting back what is rightfully yours!
It’s an illegal brokerage house and a suspected clone of several regulated entities.
No, considering they do not hold a legit online trading certificate, they cannot be taken as a safe place for investing.
The broker provides MT5. This is a common bait by swindlers.
The withdrawal fee is 1.5%. Contact us if you need help taking back deposits stuck with this sham.
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