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Finetero

Operating status: Unregulated
Website: https://www.finetero.com
High-Risk Active
Broker violations and abnormal records
  • Feb 09, 2021 The UK regulator FCA added Finetero into its blacklist
    On February 10 2021, the UK’s Financial Conduct Authority (FCA) blacklisted the broker as a scam: https://www.fca.org.uk/news/warnings/finetero-trading-ltd
    On February 10 2021, the UK’s Financial Conduct Authority (FCA) blacklisted the broker as a scam: https://www.fca.org.uk/news/warnings/finetero-trading-ltd
  • Apr 25, 2021 The Spain regulator CNMV added Finetero into its blacklist
    on April 26 2021, the Spanish National Securities Market Commission (often abbreviated as CNMV) added Finetero to its warning list: http://www.cnmv.es/Portal/verDoc.axd?t={af6a1453-5c1f-47d3-b418-7d898515af80}
    on April 26 2021, the Spanish National Securities Market Commission (often abbreviated as CNMV) added Finetero to its warning list: http://www.cnmv.es/Portal/verDoc.axd?t={af6a1453-5c1f-47d3-b418-7d898515af80}
  • Aug 31, 2021 BrokersView has reviewed that Finetero is an unregulated forex broker
    Finetero claims to be headquartered in Cyprus, however, we didn’t find any regulation about this broker from the Cyprus Securities and Exchange Commission (CySEC). So Finetero is currently not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    Finetero claims to be headquartered in Cyprus, however, we didn’t find any regulation about this broker from the Cyprus Securities and Exchange Commission (CySEC). So Finetero is currently not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • Jul 07, 2022 BrokersView has Found that Finetero is not Working

    On 8 Jul 2022, BrokersView found the domain https://www.finetero.com is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.


    On 8 Jul 2022, BrokersView found the domain https://www.finetero.com is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.


Related Complaints

Q&A

Finetero's trading condition sounds good. Is it safe?

Lisa Hannover
Mozambique
Apr 04, 2023
ANSWER Finetero is an unlicensed broker even though it offers seemingly attractive deals.Finetero claims to be located in Cyprus, where the financial regulator is the Cyprus Securities and Exchange Commission (CySEC). However, our search for this broker in CySEC registry did not yield any results. This is a red flag. We also want to bring to your attetion that both the Financial Conduct Authority (FCA) and the National Securities Market Commission (CNMV) have issued warnings about Finetero for offering financial services without authorization. You can check these warnings respectively from here: the FCA warning, the CNMV warning.Regarding your question, we would suggest you do not deal with Finetero since it is an unregulated broker. Letting this broker hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we recommend that investors avoid such unlicensed brokers as Finetero and trade with fully regulated ones.
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Is Finetero legitimate？

Maxwell
United Arab Emirates
Nov 19, 2021
ANSWER Finetero is NOT a legitimate broker and should be avoided at all events. Finetero claims to be owned and operated by Finetero Trading LTD, an entity headquartered in Cyprus. However, we didn't find any regulation about this broker from the Cyprus Securities and Exchange Commission (CySEC). So Finetero is currently not regulated or not overseen by any financial regulator. What's worse, the Spainish regulator CNMV and the UK regulator FCA have successively added Finetero to the alert list to warn the public that this firm is not authorised to provide the investment services in their countries. You can check full alert or warning from CNMV and FCA on Finetero respectively. As per the evidences above, our final conclusion is that Finetero is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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15 comments

Antoanela King
Worst broker i deposit money the money was debited frommy account and and added to l'd fake broker I feel veryuncomfortable in this plz don't use this broker. I seriouslysay it was a worst broker. Thank you for reading mycomment.
Sep 12, 2023
Reply
Victor Angelov
Please people do your research find a reputable trading company avoid these small ones. There best interest is to keep your account active and have no intention to let you withdraw. If requested to withdraw Chris white or David, Karlo will keep calling to convince you to keep money in account and invest more, if you refuse they will get very rude hang up the phone and stop responding emails *******@finetero.com *******@finetero.com
Sep 08, 2023
Reply
Elias Vaiou
The only problem with this website is that it works in some EU countries but doesn't in others, so you have to connect with VPN and sometimes delete cookies.
Sep 04, 2023
Reply
Szymon Elizundia
I won't say that Finetero is interested in developing clients. There are endless platform freezes. You place an order at one price, and as a result, it is set when indicators have almost reversed. It is very inconvenient, and sometimes dangerous, when the volatility is high.
Sep 01, 2023
Reply
Micheal Kachanouskaya
Guys, here is my advice, don’t use this broker, Let me tell you, my whole account was gone with all the money. When I asked the support of their reason, they cut the call.
Aug 30, 2023
Reply
Chen Doan
I invested a lot with them and it seemed to be going smooth until when i wanted to withdraw and i couldn't. I requested for support but nothing good came out of it as they proposed i invested more money and when i couldn't, they stop replying my calls and text. It's very obvious that this is a fraud company.
Aug 30, 2023
Reply
Mihaela Bosch
If you're a new trader, I recommend checking out their education center before you start investing, it helped me a LOT! And, pls stay away from Finetero.
Aug 28, 2023
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Rena Leong
Once they get money they will never give you a good service wont help or keep your account secure - dont go ear them.
Aug 25, 2023
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Precious Mnguni
I deposited £2800 into my account with this company in early January and I had a balance of over £17000 by early March! They with constantly tries to get you to deposit more money.I tried to withdraw £1500 from my account and they have refused to give me any of my money unless i transfered them £5000 and they would transfer me £17000.Do not trust them from the finance department either as they has told me I wil not be getting a penny.The company have stopped answering my emails and they don’t pick up the phone when you phone them. ITS A SCAM!!!
May 31, 2023
Reply
Gianfranco Frigeni
I was fooled by these people , sent a total of 252,700.00 EUR but couldn't get my funds back.
May 31, 2023
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