Is fincotrades.ltd an investment scam?

https://fincotrades.ltd/

Dear Investor,

We have marked the site fincotrades.ltd as a case of identity theft and thus consider it a scam.

We strongly suggest you avoid using it. This website falsely claims to be multi-regulated. The Malta Financial Services Authority (MFSA) has issued a warning, highlighting that fincotrades.ltd misuses the information of a company licensed by them, Finco Trust Services Limited. In fact, Finco Trust Services Limited bears no responsibility for the site fincotrades.ltd. This is a scam.

Therefore, we strongly advise against trading with fincotrades.ltd. For a safer trading environment and peace of mind, choose major brokers regulated by top-tier financial regulators.