Finvis is another offshore broker on the long list of those. Currently, most of them choose Saint Vincent and the Grenadines as their headquarters since the FSA officially declared itself unauthorized for Forex and binary options trading firms. Therefore, an office can operate in the gray zone, and if they don’t opt for regulation in the country of service, it can be a long time before they’re noticed by any Tier1 regulator and banned.
| Broker status: | Offshore Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | finvis.io |
| Blacklisted as a Scam by: | N/A |
| Owned by: | Chelsea BRK Group Ltd |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | $250 |
| Cryptocurrencies: | Yes |
| Types of Assets: | Forex, commodities, indices, stocks, cryptocurrencies |
| Maximum Leverage: | 1:500 |
| Free Demo Account: | No |
| Accepts US clients: | Yes |
What About Finvis Regulation?
Finvis is a brand owned by Chelsea BRK Group Ltd, registered in May 2021 in Saint Vincent and the Grenadines. This firm is another broker abusing the unregulated offshore zone and is not looking to get a valid license. On their website, you can find a whole regulation section discussing strict company managers and complying with their rules. Yet, nothing will provide you with a money-back guarantee or financial security.
Why Is It Important For A Broker To Be Licensed?
Regulators ensure that Forex firms have compensation funds. Tier1 zone authorities, such as FCA, ASIC, and BaFin, will obligate brokers to have over 700,000 EUR to reimburse potential victims in case of any issues.
Since we have already determined that Finvis is not one of those, you have no guarantees, and your money can easily be stolen.
In order to add to the above, we strongly advise you not to invest in fraudulent brokersK7 Trade,FibofixandDolfinIndex.
How Reliable Is Finvis Broker?
Finvis is a scam brokerage. The firm is registered offshore and operates without a regulation. There’s no contact information besides support email.
Traders Reviews About Finvis.io Broker
Since the broker is not regulated and doesn’t follow any rules, there’s no guarantee for clients’ funds. Many have discovered that getting a withdrawal is not possible, and no regulator can help them get their money back.
If you have any issues with Finvis broker, it’s of utmost importance to report them immediately.
What Platforms Does Finvis Offer? – Available Trade Software
Finvis only offers a web-based trading terminal. This information was quite hard to find since the firm doesn’t really disclose what you can expect once you deposit the funds. Upon creating an account, we were provided with a basic TradingView chart with several attached indicators.
A trading platform is one of the indicators of whether you’re dealing with a legitimate investment firm or a bogus broker. Regulated companies tend to provide solid trading software, such as MT4 or MT5, since their goal is to attract and keep their customers. With cyber-frauds like Finvis, the platform is irrelevant.
Finvis Broker – Countries Of Service
Our review has shown that the Finvis trading scam is mainly active in:
- Germany
- Austria
- UK
- Switzerland
Finvis.io Range of Trading Instruments & Markets
If you’re still interested in trading with Finvis, here’s an overview of trading instruments.
- Currency pairs – EUR/USD, GBP/USD
- Commodities – gold, oil, silver
- Indices – NASDAQ, FTSE100
- Shares – Amazon, Apple, Google
- Cryptocurrencies – Bitcoin, Ethereum
Please, also remember the names of StakingTrades, Finazio and Inertia Finance scams and avoid them at all costs! Also, always check the history of online trading companies before investing!
Finvis.io Minimum Deposit
There are no account types, so finding out about Finvis’s initial deposit was quite challenging. The broker has set a limit to $250, which is pretty much standard. However, we’ve heard it already – you can start small, but an account manager of an illicit broker will constantly harass you for more money, give fake promises, and lure you in any way they can.
Don’t fall for it, and don’t invest a penny before you see that the investment firm is legitimate.
Trade Bonuses – Methods Of Fraud
Most offshore companies still approve bonuses, despite the regulator’s ban. However, Finvis has a malicious Bonus Policy coming along. According to it, “Non-Deposited Funds are not available for withdrawal.” This means that any profit you make from bonuses is not eligible for withdrawals either. And proving how much you make from bonuses and how much from your own deposit is a long and virtually impossible process.
Finvis Trading Conditions
The broker offers tight spreads and high leverage but doesn’t mention any commissions. It practically means that you have no idea about the end costs of your trading.
Leverage And Spreads
The spread is around one pip for major currency pairs, which is more than solid. Or it would be if the firm was licensed. However, leverage goes up to 1:500, while regulators have a strict limit of 1:30 for the Forex market and only 1:2 for crypto.
Finvis Deposit, Withdrawal Methods, and Fees
The company accepts the following payment methods:
- Debit/credit cards
- Prepaid cards
- Wire transfers
There’s nothing on withdrawal fees or the minimum amount. We only know that your account will be subject to a 10% dormant fee if you have not logged in for more than 3 months.
Scammed by Finvis Broker? – Let Us Hear Your Story
If you find yourself a victim of the Finvis scam, let us know. Our chargeback specialists may be able to assist you with this issue and help you get a refund.
But What Is A Chargeback?
Depending on the payment method you used to make a deposit, a chargeback is one of the ways to reverse funds from the merchant. Contact us via online chat to book a free consultation, and we may be able to help.