Is Finotive A Scam?
Finotive is an investment company that promises investors a low spread in the market. You can get as low as 0 pips. This is one of the advantages which the broker brags about. Additionally, they also do not have any restrictions.
The entity is trading forex, CFDs, and indices. The platform claims it utilizes trading bots to attain their high results. Some of the features that this firm claims to possess include the fast execution of orders at 40 ms.
Finotive states that it offers a cutting edge to its clients. You can use their automatic trading software to yield these high returns. The venture allegedly processes over 500K trades in a day. The entity is based at SVG, and the area is infamous for hosting scam ventures.
Additionally, this broker is expensive for nothing. The website of this company is poorly designed. They leave out essential information that can be used to build trust. Investors should not give shady entities like this company a chance to steal from them.
Finotive is an entity that even lies about its regulatory status. They even claim to be complying with the law. The entity is an outrageous fraudulent firm that does not care about its clients. Learn to spot the red flags with these entities.
Finotive.net Review
The forex trading broker is allegedly dealing with bonds, indices, stocks, and commodities. The entity is targeting investors from Europe. You can tell that whoever is running this firm has no intention of meeting their customers’ expectations.
Finotive is a venture that will not generate funds for you. The registration process is also tedious. It would be best to invest with licensed forex trading brokers. Ponzi schemes contact their clients using the contact that they provide.
Scammers are professionals with what they do. Therefore, once they call you, they will make all sorts of promises. It is hard to resist their deals. Unfortunately, once you deposit the fund in their system, there is no going back.
Finotive does not deal with cryptocurrency trading activities. They allegedly handle all their trading activities. Investors have full access to their portfolios. You can also withdraw your funds anytime that you please.
Unfortunately, this company does not have a great reputation in the market. Moreover, we are yet to see traders who have successfully gained using this firm. There is no feedback from their clients.
How Does Finotive Work?
There are no trading activities taking place in this entity. The venture only has an enticing narrative. The people operating this venture as smart con artists who have an A-game trading marketing strategy.
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Their investment plans are expensive. Additionally, this venture is a suspicious firm that does not discuss its deposit and withdrawal requirements. Your money will be trapped in their systems once they realize there is no more money coming their way.
Trading Conditions
Finotive claims that it offers a leverage of 1:500. Their trading lot is that of 0.01. Moreover, the firm states it has over 232 tradable instruments. The bonus policy of this venture is shady. Moreover, once you read their terms and condition, you will spot the red flags.
Investors need to be cautious with the platform that offers bonuses. You will never find a legit venture offering such lucrative opportunities. Investors get a commission of $3.5 once they trade 100K.
The minimum amount that you should deposit in this venture is too high. It shows that this is an extortion system. Their main interest is getting their hands to the funds of their clients. You will find reputable firms accepting as low as $250.
Contact Details
Finotive claims that it is based in St Vincent and Grenadine. However, their official physical address is not displayed. Investors can contact the entity via email or fill the contact form available on the website.
Unfortunately, this company does not feature their telephone number. We are not surprised since this broker is determined to conduct their business behind closed doors. The entity is targeting innocent investors.
They will contact you with all kinds of promises, but when it comes to withdrawing your money, it will be a cat mouse chase. You must find a reliable investment partner. The fantasy of getting rich quick does not exist. Avoid these fraudsters at all costs.
Regulation Status
Finotive is allegedly being operated by Vatachi Global Ltd. The corporate is registered at St Vincent and Grenadines. The problem is that this government does not license financial companies. Additionally, a platform does not have to be there physically to register a firm.
You can do it virtually. You cannot compare the standards of reputable financial watchdogs with offshore bodies. These scams do not report their daily transactions to the authority. Therefore, all they do is pocket all your savings.
Finotive will eventually be blacklisted by the European and UK financial bodies. They are operating in these areas without meeting the requirements. After they are done stealing funds from innocent investors, they will exit the market.
The Domain Insight
Finotive hides the information of their registrar from the public. The entity made its first digital footprint in July 2019. The domain is expected to expire in July 2022. The anonymity of this firm is worrisome.
If they have nothing to hide, then they should disclose the people behind their venture. The platform has low traffic coming into their website. Sadly, we do not know the actual location of their targeted audience. Nonetheless, this broker is clearly eying for traders in the European countries.
Is Finotive.com Legit or a Scam?
Finotive is a scam that will soon exit the market. The venture location is one of the big red flags. Trusting an offshore entity is a futile decision. They do not care about their customers. Moreover, there is no fund safety in these kinds of ventures,
Customer support of offshore entities does not care about their clients’ experience. Your emails will never receive a response. The entity will cut you off in a blink of an eye. Additionally, the operations of Ponzi schemes are usually run by a single person.
Therefore, they do not have enough funds to hire a professional customer support team. Moreover, this entity is also shady in that they do not credit their account managers or the great work they are doing.
Finotive lacks transparency, and their only target is enriching themselves. Despite the organization being in the industry for years, they still don’t care about their customers. There is no proof that there are trading activities taking place.
Final Verdict
Finotive might look like the best investment venture in the market. This is because the entity is offering a lucrative offer to their customers. It is easy for traders with little to no knowledge in the industry to fall for the scheme of this broker.
Unfortunately, this platform operates from SVG, and the area is infamously known for hosting Ponzi schemes. Moreover, their customer support is most likely not going to respond to your query. Avoid this scheme like the plague.
