Financeiro Trader Review: A Dangerous Crypto Company

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Financeiro Trader
  • Fund Safety
  • Customer Support
0.5

Summary

Financeiro Trader does not disclose the payment method investors can use to fund their accounts. This is critical information that should be rightly available. The deposit button is not functional, leading us to believe the entity only accepts specific customers.

Financeiro Trader marketing sales the world’s leading social trading broker. Investors do not require trading skills to get started as they can copy the strategy of their expert. Sadly, this is a shady discrete entity. There is no proof of professionals being involved.

Financeiro Trader Review, Financeiro Trader Company

The problem with copying other traders’ strategies is that they can mislead you into taking the wrong market direction. Most offshore platforms are dangerous and only care about themselves. It is important to acquire trading skills before registering at any platform.

Financeirotrader.com Review 

Financeiro is a dirty Ponzi scheme that doesn’t credit the team. The broker also lacks past trading results. There is no proof of trade. Investing with them will most likely leave a negative balance in your account.

They showcase statistics indicating a high number of customers. Unfortunately, the website traffic does not translate to these numbers. The platform is being manipulated to win investors’ trust. It is impossible to get hold of the customers’ support since the platform is using VoIP numbers. Invest only in reputable and genuine crypto companies to get ideal trading conditions. 

Financeiro Trader Trading Conditions and Accounts 

Financeiro Trader claims to be trading over 250 products. This includes forex, stocks, indices, cryptocurrency, and commodities. Investors can use a web trader interface to execute their orders. The platform is basic with limited features.

Financeiro Trader Review, Financeiro Trader Features

The entity has five investment schemes. They have unprofitable spreads ranging from 2 pips to 3 pips. The cost of opening orders is high and we do not know whether there are any applicable commissions. 

Financeiro Trader advertises leverage between 1:200 to 1:400. The cap proves the scheme is unregulated. It is the only offshore company that will have such a high-leverage level. 

Withdrawal and Deposits 

Financeiro Trader does not disclose the payment method investors can use to fund their accounts. This is critical information that should be rightly available. The deposit button is not functional, leading us to believe the entity only accepts specific customers.

However, typical scammers use payment methods that limit customers from issuing chargebacks. It is also impossible to track down the con artists once they exit the market.

Opening an account requires a minimum capital of $5,000. The average market standard to get started with any broker is $250. However, you can still find a genuine and reputable trading platform accepting the lowest $10.

Financeiro Trader has undesirable trading conditions. Investors must pay liquidity, swap, and management fees when cashing out more than 20% of their total earned ROI. Such requirements are only set by rogue schemes. 

Financeiro Trader Regulation Status 

The first thing that investors should look for is whether a broker is operating legally. Financeiro is allegedly accepting investors across the world. They need licenses from various jurisdictions to conduct their business.

Unfortunately, this firm is operating illegally and is on the warning list of the United Kingdom financial body Financial Conduct Authority (FCA). The platform is using false information to trap more victims. 

Financeiro claims it abides by the rules and regulations of Estonia in its terms and conditions. This makes the policy vague since the country does license the platform. Unfortunately, investors who choose the company will not enjoy fund safety. 

The entity is not working with a reputable financial institution to segregate the accounts of traders. Also, they lack adequate capital to successfully run their operations without misappropriate use of funds.

Final Verdict

Financeiro Trader operates independently without its activities being overseen by a reputable parent company. The broker fails to provide contact details limiting investors from going after them once they exit the market.

Avoid dealing with anonymous firms and choose leading and genuine crypto companies verified by traders. These are platforms with ideal trading conditions and excellent customer support services.

 

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