Thinking of getting into business with Financo Innovation Markets ? Here is what you must know about this broker. Carefully read this review to find out if financo-innovationmarkets.online is the trading platform you will want to trade with.

About Financo Innovation Markets Broker

Financo Innovation Markets is an offshore brokerage company with a lot of promises for traders. The address of the broker is missing on its webpage. To begin with, this is a red flag that reminds us of similar fraudulent scheme of scam brokers.

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The broker claims regulation under FCA, ASIC and FSCA.

In addition, there are different account types the broker offers. See below.

Account Types

To clarify, regardless of the trading instruments Financo Innovation Markets claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.

financo-innovationmarkets.online: Reasons to Avoid This Broker

Firstly, financo-innovationmarkets.online is a platform with no financial authority overseeing its financial services. We discover this broker is not worth your money as neither of those financial regulators (FCA, ASIC & FSCA) has approved Financo Innovation Markets on their database.

Secondly, we noticed Financo Innovation Markets has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Withdrawal and Deposit

Withdrawal process

Under withdrawal policy, Financo Innovation Markets leaves us with no specific information on withdrawal fee nor processing days on withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.

Minimum Deposit

Financo Innovation Markets minimum deposit is pegged $500 according to the account type.

As for the payment methods, the broker mentions Credit cards, Neteller, Skrill and PayPal. We discover there are none of those, but cryptocurrencies. Truly, you should not consider making any payment with this broker because it is a risk. So beware!

Financo Innovation Markets Platform

Financo Innovation Markets claims to offer MT5 (Industry standard trading platform), however, the option of MT5 doesn’t make the broker legit because any scam broker can do the same to lure forex traders. It also has a web platform.

As for the leverage, it discusses 1:500. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

Financo Innovation Markets Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

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Minimum Trade Deposit $100

Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Conclusion: Is financo-innovationmarkets.online a Reliable Broker?

No, financo-innovationmarkets.online does not seem like a reliable broker for traders even though it promises offers that look good to be true.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

Because we have taken it as a duty to find out scam forex brokers and also share reasons, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

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By Dan

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