In this section we will analyze the broker Finlay (also called finlay.io), is a Forex and CFD broker. Is Finlay really recommended for making an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we reviewed Finlay. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Widdershins Group Ltd.
As to its location, the broker mentions being based in: Saint Vincent and the Grenadines and Dominica.
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
Remember that to make a safe investment, the best option (and the safest) are the regulated brokersas they must meet very strict requirements. Instead, when working with a unregulated broker, there is a much higher risk of losing the capital invested, in the event that the company goes bankrupt or is reluctant to return the money as it usually happens.
To learn more about regulations, we invite you to access the following link.
If now we go on to analyze account types offered by Finlay, we note that it offers 6 different types of account / plans: Test Account, Standard Account, Trader Account, Premium Account, Gold Account and VIP Account. We leave an image with a little information about each type of account.
Test Account: minimum initial deposit of $ 250, leverage up to 1: 200, 3 pips spread, account bonus up to 30%, account insurance up to 10%, 5 free signals per month, asset classes: 9 coins. More than 25 trading instruments.
Standard Account: minimum initial deposit of $ 1.000, leverage of up to 1: 200, spread of 3 pips, account bonus of up to 35%, account insurance of up to 35%, 10 free signals per month, 4 asset classes. More than 50 trading instruments.
Trader Account: minimum initial deposit of $ 5.000, leverage of up to 1: 100, spread of 3 pips, account bonus of up to 50%, account insurance of up to 40%, 15 free signals per month, 4 asset classes. More than 100 trading instruments.
Premium account: minimum initial deposit of $ 10.000, leverage of up to 1:75, spread of 2.1 pips, account bonus of up to 70%, account insurance of up to 55%, VIP signals for the entire duration of the account, no commissions, 4 asset classes. More than 250 trading instruments.
Gold Account: minimum initial deposit of $ 25.000, leverage of up to 1:50, spread of 1.5 pips, account bonus of up to 85%, account insurance of up to 65%, VIP signals for the entire duration of the account, no commissions, 4 asset classes. All commercial instruments available.
VIP account: minimum initial deposit of $ 100.000, leverage of up to 1:30, spread of 0.7 pips, account bonus of up to 100%, account insurance of up to 75%, VIP signals for the entire duration of the account, no commissions, 4 asset classes. All commercial instruments available.
Las platforms to operate that Finlay offers are: the platform MT4.
We will now analyze the different resources and aids for traders that Finlay provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Finlay provides the following aids or resources to traders or stakeholders: Market news only, not really much more than this.
| Other information about Finlay |
Some more information in case you want to contact the company, or see its website for yourself.
Website: finlay.io | finlay.capital
Phone number: (442) 038077657 | (749) 54019954 | (781) 22004924 | (390) 294752877
>>> Assessment on Finlay <<
Ending with this section, in our opinion Do we think the Finlay company is trustworthy? Should you invest your money with the company?
Seeing all this, we recommend to exercise caution, because: it is an unregulated broker, its headquarters are located in very unsafe countries (Saint Vincent and the Grenadines and Dominica), when looking for reviews about Finlay We found several negative reviews warning about this broker. We suggest using caution.
⛔ Attention ⛔ : in November 2020 CNMV added Finlay to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
⛔ Attention ⛔ : in April 2021 CONSOB added Finlay to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
⛔ Attention ⛔ : in May 2021 CONSOB added Finlay to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
⛔ Attention ⛔ : the Finlay broker, together with the brokers 24FinTime, AdamantFX, AssetGroup, CFBroker, OctoFinance, SpaceMarket, SupraTrade y TopTradeGroup They belong to the infamous Widdershins Group Ltd., a company with a terrible reputation, many complaints, and which has already been accused of scam by European regulators.
⛔ WE SUGGEST EXTREME CAUTION ⛔
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.