Finance Proof Review – Truth Behind FinanceProof.net
Once we opened the Finance Proof website, we immediately knew it was a fraud. Finance Proof broker is claiming to be licensed in multiple jurisdictions yet has no legal documents to back it up.
Furthermore, there’s a lack of transparency when it comes to depositing and withdrawing funds, which is never a good sign. Overall, this investment scam has lied about so many things just to make themselves look legit. So, in this Finance Proof broker review we aim to expose the scam and ensure that you don’t fall victim to it.
|Address||18 St Vincent Pl, Glasgow G1 2DH|
|Phone||+44 1 4122 51502|
Is Finance Proof a Legit Broker? Safety and Regulation
The Finance Proof broker is claiming to be based in the UK and licensed in various jurisdictions, including by the UK FCA, IFSC of Belize, and FSC of Mauritius.
While offshore regulations are not as important, one by the UK FCA would make the difference between dealing with a legal or illegal broker. Hence, we searched the said database. Unfortunately, our research yielded no results for Finance Proof regulation, indicating this is another fraudulent company.
Finance Proof is an unregulated trading company allegedly based in the UK. While claiming to offer you a chance to master trading, all you will get are deceptive offers. And in other words, they are just another scam.
Supported Trading Platform at Finance Proof
Unsurprisingly, the Finance Proof trading platform cannot be classified as a technological achievement. The broker offers the same dull WebTrader we’ve seen many times with other scam companies.
It has simple functions, which include several charts and indicators, pending orders, and trading history. Advanced functionalities such as EAs or social trading, are not on offer.
We were disappointed to learn that the firm doesn’t offer any third-party trading platforms like MT4, MT5, or cTrader. Each of these is highly reliable and comes with a vast number of TAs.
Finance Proof Account Available
If you want to sign up, which we highly doubt at this point, you can get access to 3 different Finance Proof account types. Here si the list of them:
- Beginner $150
- Amateur $1,000
- Proffessional $10,000
The first one only offers instant trade execution. Amateur enables crypto and metals trading and deposit insurance, while the Professional one brings the protection of deposits and 24-hour personal support.
Another thing legit brokers offer, and this one doesn’t, is a risk-free account. The Finance Proof Demo account is unavailable, meaning anyone who wants to test the platform must deposit the money first.
Deposit and Withdrawal Options
There is no mention of the types of payment options this broker offers anywhere on their website. The only way we were able to find out about their payment options was by registering for a trading account. And even then, the only way we found out about it was by trying to fund a new account with Finance Options.
When we tried to fund our account, we found out that there were only two funding options, which are Bitcoin or Tether. Both cryptocurrencies. Which is a huge red flag.
All these big terms, “deposit insurance” and “deposit protection,” usually mean that you will get a fake guarantee that even if you lose money, the brokerage will cover the losses. As you can guess, it won’t happen. They will simply disappear.
How the Fraud Is Conducted
At this point you have probably heard about these types of frauds. Trading scams basically have the same principle that is being performed through different sites and by different agents.
Nonetheless, the core remains the same. The broker first gets your personal information if you have left it on some sketchy sites and then the constant harassment starts.
It is important to note that scams like this one can happen to anyone. The agents calling you are persuasive professionals who scam people for a living. Even if you say no, they will continue to call you until you agree to make an initial deposit. If you are being harassed in this manner, we suggest you contact the local authorities.
Finance Proof Summary
In this Finance Proof broker review, we tried to get you familiar with this anonymous unregulated broker that is trying to look as legit as possible. Not only are they an unlicensed broker, but they also falsely claim to be.
Overall, it’s best to just stay away from this fraudulent broker or any other alike. Make sure to always read the reviews before investing.
Lastly, if you have ever fallen victim to this or a similar scam we encourage you to reach out to us as we can help you.
FAQs About Finance Proof Broker
Is Finance Proof A Regulated Broker?
No, Finance Proof is absolutely not a regulated broker you can trust and should invest with.
What Is the Minimum Deposit at Finance Proof?
The minimum deposit we found that Finance proof has set for their clients is $150.
What Account Types are Available at Finance Proof?
The following account types are available at Finance Proof: beginner, amateur, professional.