ANSWER FinFinity Invest is an unlicensed that broker we advise against trading with despite the seemingly attractive deals it offers.FinFinity Invest doesn't provide essential information about its company including its company name, specific office address, and the regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display such information, especially the accreditation and licenses. In addition, the Investment Industry Regulatory Organization of Canada (IIROC) has issued a warning against this broker, stating that it is not a member of New SRO and was never registered with IIROC to trade or sell any investment products. You can check the full warning here.Regarding your question, FinFinity Invest is a scam and has been warned by IIROC. Entrusting this broker to hold and control your funds or trading with it is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like FinFinity Invest and opt for fully regulated ones instead.
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