Finutrade is a forex and CFD broker that claims to offer a wide range of trading instruments, competitive spreads, fast execution, and excellent customer service. But are they really a reliable and trustworthy broker, or are they a scam that you should avoid?

In this Finutrade broker review, we will examine the features, advantages, and disadvantages of Finutrade, and help you decide whether they are a good choice for your trading needs.

What is Finutrade?

Finutrade is a brand name of Finutrade Ltd, a company registered in St. Vincent and the Grenadines. According to their website, Finutrade is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, and operates under the license number 25451 BC 2020.

However, this does not mean that Finutrade is a reputable and licensed broker. In fact, St. Vincent and the Grenadines is a notorious offshore jurisdiction that does not have any strict regulatory standards or oversight for forex and CFD brokers. This means that Finutrade is not subject to any rules regarding client protection, fund segregation, anti-money laundering, or dispute resolution.

Therefore, Finutrade is not a regulated broker in the true sense of the word, and trading with them involves a high level of risk. You may not be able to recover your money if Finutrade goes bankrupt, closes down, or refuses to process your withdrawal requests.

What does Finutrade offer?

Finutrade offers over 200 trading instruments, including forex pairs, indices, commodities, stocks, and cryptocurrencies. They claim to provide access to the MetaTrader 4 (MT4) platform, one of the most popular and widely used trading platforms in the industry. They also claim to offer three types of accounts: Standard, Gold, and Platinum, with different minimum deposits, spreads, leverage, and commissions.

However, these claims are not verified or backed by any evidence. We could not find any information about the trading conditions or specifications of Finutrade on their website. They do not provide any demo accounts or live accounts for testing their services. They do not disclose their spreads, leverage, commissions, or fees. They do not provide any proof of their MT4 platform or their trading instruments.

This lack of transparency and information is a major red flag that indicates that Finutrade is not a legitimate broker. They may be offering fake or manipulated trading conditions that are unfavorable to traders. They may be using an unlicensed or pirated version of MT4 that does not connect to the real market. They may be offering non-existent or fraudulent trading instruments that are not traded on any exchange.

What are the pros and cons of Finutrade?

The only possible pro of Finutrade is that they accept various payment methods, including credit cards, debit cards, wire transfers, Skrill, Neteller, WebMoney, Perfect Money, Bitcoin, and Ethereum. However, this does not mean that Finutrade is a safe or secure broker. On the contrary, they may use these payment methods to lure unsuspecting traders into depositing money with them.

The cons of Finutrade are numerous and serious. They include:

• Lack of regulation: Finutrade is not regulated by any reputable authority and operates from an offshore jurisdiction that does not protect traders’ rights or interests.
• Lack of transparency: Finutrade does not provide any information about their trading conditions or specifications on their website. They do not offer any demo accounts or live accounts for testing their services.
• Lack of credibility: Finutrade does not have any positive reviews or feedback from real traders or experts. They do not have any awards or recognition from any reputable organizations or publications.
• Lack of support: Finutrade does not have any reliable or responsive customer service. They do not have any phone numbers or physical addresses on their website. They only have an email address and a live chat option that may not work properly.
• Lack of security: Finutrade does not have any security measures or guarantees for traders’ funds or data. They do not use SSL encryption or firewall protection on their website. They do not segregate client funds from their own funds. They do not participate in any compensation schemes or insurance programs.

Is Finutrade a scam?

Based on our research and analysis, we conclude that Finutrade is a scam broker that you should avoid at all costs. They are not regulated by any authority and operate from an offshore jurisdiction that does not protect traders’ rights or interests. They do not provide any information about their trading conditions or specifications on their website. They do not offer any demo accounts or live accounts for testing their services. They do not have any positive reviews or feedback from real traders or experts. They do not have any reliable or responsive customer service. They do not have any security measures or guarantees for traders’ funds or data.

Finutrade is a scam broker that may steal your money, manipulate your trades, or deny your withdrawal requests. They may also expose your personal and financial information to hackers, fraudsters, or identity thieves. They may also violate your privacy and spam you with unwanted emails, calls, or messages.

Therefore, we strongly advise you to stay away from Finutrade and look for a more reputable and trustworthy broker that is regulated by a credible authority and offers transparent and fair trading conditions and services.

What to Do If You’ve Lost Money with Finutrade?

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