Finnetz24 Review: A Realistic Look in 2024
Ever wondered about Finnetz24, the CFD broker that talks about its extensive market experience? Well, stay tuned because we’re about to check the details and give you the lowdown. Let’s dive into what this company apparently offers!
Still, be ready as we’re not holding back on pointing out potential red flags. Keep reading our Finnetz24 review for more!
|Type of company
|Warnings from Financial Regulators
|No official warnings
|10 Orange Street, London, WC2H 7DQ
|[email protected], +43 68110834446
|Majority of clients are from
|Germany, United Kingdom
|Phone and email
Finnetz24 Regulation – Red Flags Waving High
Taking a good look at Finnetz24’s website sends up a flare of concern. First things first, there is the absence of regulation. Big red flag! Pair that with their affiliation with websites peddling “Automated trading software,” and you’ve got yourself a double dose of suspicion.
All in all, the Finnetz24 scam seems to be working as an unregulated FX broker. So, this leaves customers unprotected and vulnerable to potential financial losses. Choosing a regulated broker is extremely important for your safety. So, make sure that you choose brokers regulated by ASIC, FCA, or BaFin.
What about the narrative here? We can see a failed attempt of this firm to build trust by sharing its history. Namely, the Finnetz24 Forex scam claims that it has existed since 2005, diving into crypto trading in 2009, and CFDs in 2010. In our opinion, this is even funny. Bitcoin was created in 2009.
As you can see, these claims are extremely suspicious and do not instill confidence. This is a fact, by all means!
Website – Lost in Translation
Wandering through the Finnetz24 website is extremely hard and, frankly, painful! Despite claiming a global presence with offices in London, Zurich, Singapore, and Moscow, the broker communicates only in German.
The website, while unique, misses the mark with its poor design and a shortage of critical info. This is a fact!
Trading Platform Here
Finnetz24’s choice of the Sirix trading platform has its fair share of drawbacks. Trader reviews highlight issues like a wonky market overview.
There are also limited analytical tools and the ability to mess with the quote stream. We must say that this is not exactly music for the ears of savvy traders.
Funding and Withdrawal Terms
What about the withdrawal process here? The broker’s brief list of payment methods includes bank transfers and card transactions. But trying to deposit money turned into a saga.
Notably, there will always be vague account status leading to a declined transaction. Classic scammer move! Redirecting users to customer support for payment details? Red flags, red flags everywhere.
Finnetz24 Trading Conditions
Despite talking about 5 tariff plans, the Finnetz24 broker seems to be playing hide-and-seek with the details here. All we get is the deposit size for each plan – not exactly a complete guide for potential traders. Take a look:
- Basic (Starting at $250)
- Standard (Starting at $10,000)
- Silver (50k+ USD)
- Gold (Not less than $100k)
- Platinum (From $200,000)
Unique Features – Promises or Ambushes?
Educational packages, VIP signal broadcasts, early access to IPOs – sounds solid, right? Unfortunately, this broker scam leaves us hanging with the lack of clarity on the conditions.
Are these perks the real deal or just empty promises? Sadly, we think they are indeed just empty promises. In the following parts of our review, you will see why.
Tip: Did you know that the first risk of trading is the risk of technological disruptions? You can face hardware issues, problems with connectivity, problems with the website, etc.
Let’s hop into Trustpilot for a peek into this questionable broker. A noticeable absence of reviews is not good. For us, this just adds another layer to what already appears to be a forex scam.
For a safer bet, consider firms that have a Trustpilot rating of 4.5 stars or higher. These often tend to be reliable and secure options.
Tip: Did you know that TransAct Futures is a solid and quite interesting brokerage firm? Since being acquired by NinjaTrader, it’s been on the upswing. NinjaTrader’s goal? To shake up the clearing process and make trading better for clients.
Exposing Scam Brokers’ Tricks
Watch out for the fake tactics used by scam brokers today. One common ploy is the promise of utopian returns, with the idea of quick profits.
Another tactic is pressuring clients to deposit more money. Scam brokers will claim that deposits lead to higher returns or premier opportunities. Be cautious, as it’s a ploy to extract more money without any real benefits. Stopping withdrawals is another alarming strategy, making it tough to access your funds.
So, protect yourself by researching brokers thoroughly. Always check the regulations and review their track record. Stay informed, be skeptical, and prioritize your financial well-being. This should always be a priority!
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Last but not least, it’s clear that this company falls short of delivering anything useful. What’s presented on their site seems to be nothing more than a fabricated narrative.
Yet, the pivotal decision-making moment arrives when you’re choosing the best offer. We encourage you to weigh your options thoughtfully!
As a side note, our prop firm stands ready to empower you to potentially earn up to $180,000. The choice is yours, so opt for what aligns best with your goals.
What is Finnetz24?
This is a broker scam that is wise to avoid.
Is Finnetz24 a Legit Broker?
No, as this company lacks regulation and respect in the community.
How to Choose the Right Brokerage?
Always check the regulatory status and user reviews.