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Finnetz24

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Operating status: SCAM

Website: https://finnetz24.com/

Broker violations and abnormal records
  • 2023-12-21 The BaFin issued a warning against Finnetz24

    On 22 December 2023, the Federal Financial Supervisory Authority (BaFin) issued a warning that Finnetz24 was providing financial services or products without authorisation. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_12_19_Finnetz24_en.html;jsessionid=60759EF39EA0BF9D60C6463FB8F4AC91.internet992

    On 22 December 2023, the Federal Financial Supervisory Authority (BaFin) issued a warning that Finnetz24 was providing financial services or products without authorisation. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_12_19_Finnetz24_en.html;jsessionid=60759EF39EA0BF9D60C6463FB8F4AC91.internet992
  • 2023-12-28 BrokersView has Reviewed that Finnetz24 is an Unregulated Broker

    There is no any regulatory information on its website. This broker locates in the UK, but we don't find the correct information on U.K Financial Conduct Authority (FCA) matching Finnetz24.

    The Federal Financial Supervisory Authority (BaFin) issued a warning that Finnetz24 was providing finacial services or products without authorisation.

    The truth is that Finnetz24 is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Finnetz24 is a scam.

    There is no any regulatory information on its website. This broker locates in the UK, but we don't find the correct information on U.K Financial Conduct Authority (FCA) matching Finnetz24.The Federal Financial Supervisory Authority (BaFin) issued a warning that Finnetz24 was providing finacial services or products without authorisation.The truth is that Finnetz24 is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Finnetz24 is a scam.

Related Complaints

Q&A

Which currencies can I use on Finnetz24?

Mneer basem
Mayotte
2024-01-08
ANSWER We advise you to steer clear of Finnetz24, as it is an unlicensed trading platform.The website is primarily in German, indicating that its main target audience may be German residents. However, it has not complied with the country's regulations by obtaining authorization from the Federal Financial Supervisory Authority (BaFin). This non-compliance has led to an investigation by BaFin. As per the authority's press release, Finnetz24 operates outside the regulatory framework set by BaFin.Moreover, despite claims of being based in the UK, the company is not registered with the Financial Conduct Authority (FCA).These factors suggest that Finnetz24 may not be a safe choice for traders. The lack of regulatory oversight leaves its clients exposed to potential fraud and identity theft. To minimize such risks, we strongly advise investors to steer clear of unregulated platforms like Finnetz24 and opt for fully regulated ones with established reputations.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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