Fintech Market Pro is presenting itself as a legit broker. Nothing could be further from the truth. This entity has been blacklisted as a scam by the FCA.
Maybe after careful analysis, you’ll understand why this broker could never be allowed to operate in regulated domains. It’s all here in the Fintech Market Pro Review.
Fintech Market PLC, the company that runs this brokerage, is allegedly based in Austria. If the company is really registered with the local Financial Markets Authority (FMA), it would mean that Fintech Market Pro’s regulation is compliant with that of the European Securities and Markets Authority (ESMA) since Austria is in the EEA zone, under ESMA’s jurisdiction.
However, this isn’t the case. We checked the FMA’s database but didn’t find any entity by the name of Fintech Market PLC.
Therefore, Fintech Market Pro is not a regulated and legit broker but a fraud, just like PrevailFX. That’s why we urge you not to invest in this fake brokerage. Instead, find a broker that operates under ESMA or any other Tier 1 authority such as the FCA, ASIC, CFTC, MAS, etc.
If you explore Fintech Market Pro’s website, you’ll stumble upon a fake regulation. In order to boost its fake reputation, the phony broker provided a deceitful license.
Fintech Market Pro claims to be regulated by the European Financial Commission. This is the first time we heard about such a regulator, meaning it’s not reliable. ESMA is the canon European regulatory authority.
Now that we’ve debunked Fintech Market Pro’s fraudulent regulation claims, let’s look at a warning that’s been issued against the broker. The UK’s FCA blacklisted this broker as a scam.
From what we gathered, Fintech Market Pro has mostly been active in Europe. Here’s a list of countries where the illicit broker tried to find victims:
All three countries belong to the EEA zone. That means that all the brokers that operate in these countries must comply with ESMA’s rules. As we already mentioned, Fintech Market Pro doesn’t meet ESMA’s standards and is thus unauthorized to operate in these three states.
Some traders have taken to Trustpilot to expose Fintech Market Pro. We found several complaints against the broker.
Namely, traders have experienced withdrawal issues and frozen accounts. Here’s an example of what traders have been saying, translated from Polish:
They are scammers and they are building with the money of gullible people. They will never let you withdraw after payment. I lost 52,000 today. euro. You are kindly advised not to fall for their useless gimmicks and fake British accents…
Although Fintech Market Pro advertises some kind of downloadable platform for Windows and Linux, this broker actually only offers a browser-based platform.
This WebTrader is a pretty lackluster platform. You won’t find advanced features such as automated trading, only basic charts and graphs. Plus, Fintech Market Pro is unregulated.
The unscrupulous broker doesn’t support any reliable third-party platform such as MT4, MT5 or cTrader.
Here’s an overview of Fintech Market Pro’s trading instruments:
Depending on the account type, spreads can be either fixed or variable. The first two account types offer fixed spreads.
For instance, the first account offers a spread of 1.8 pips with zero commissions. On the other hand, the third account type offers raw spreads from 0.1 pips but charges 4 $ per round lot.
Let’s take a look at Fintech Market Pro’s trading account types:
All three types enable an Islamic, swap-free variation and the trading conditions are good. However, Fintech Market Pro didn’t disclose the available leverage. Then again, it doesn’t matter at this point because we’ve already exposed the Fintech Market Pro fraud. It’s just as bad as HeyForex.
Fintech Market Pro doesn’t offer a free demo account. So, if you want to trade with this broker, you must first invest real money, without even seeing the trading platform.
That’s bad news, especially because Fintech Market Pro is a blacklisted and unregulated broker. All legit providers offer a risk-free demo account.
According to Fintech Market Pro’s website, the available payment methods include the following:
When it comes to fees, the broker charges no fees for cards and pays all the fees for wires. Fintech Market Pro’s withdrawal policy prescribes the minimum withdrawal amount for wire transfers of 500 $ and credit/debit cards 100 $.
The problem is the bonus policy. Namely, Fintech Market Pro says that “in order to withdraw funds from an account that has been credited with a trading bonus, the trader will be required to execute a minimum trading volume of (bonus amount + Deposit) x25.”
If you’re having withdrawal issues, or if you have evidence that Fintech Market Pro violated any terms and conditions, please let us know. Global Fraud Protection will report the scammer.
Need help getting your money back? Worry not as our experts specialize in bank chargebacks and recalls and can guide you through the process.
If this broker steals your money, please let us know. Book a free consultatio with us using Online Chat to learn how to get your money back!
No. Fintech Market Pro has been blacklisted by the UK’s FCA. Do not invest in this fraudulent trading scam.
No. Fintech Market Pro does not offer a risk-free demo account.
Yes. According to the broker’s website, there is an Android and iOS verison of the platform.
If the broker’s trading platform is web-based, then it is not that good.
No. Fintech Market Pro has been blacklisted by the UK’s FCA. Do not invest in this fraudulent trading scam.
No. Fintech Market Pro does not offer a risk-free demo account.
Yes. According to the broker’s website, there is an Android and iOS verison of the platform.
If the broker’s trading platform is web-based, then it is not that good.
The post Why You Should Read the Fintech Market Pro Review appeared first on Global Fraud Protection.
