In this honest Finanzwelt review, you’ll be shocked to learn how this project has been cleverly designed to swindle unsuspecting FX and CFD traders. Continue reading……..
Finanzwelt(Financial World) is another scam trading platform targeting unsuspecting investors. Like other scammers, the broker employs classic tactics such as offering very high leverage levels and up to 100% deposit bonuses to entice customers who want to magnify potential profits, using a smaller initial investment.
A screenshot image shows finanzwelt.pro platform.
The website comes in German, by default, seemingly targeting mostly German speakers. However, you can translate it into English, using your browser in conjunction with Google Translate.
Finanzwelt vaguely displays seemingly fake awards, on its website, without specific details about each award. For example, it doesn’t state the year in which the broker won an award, as shown in the screenshot below:
A screenshot image shows finanzwelt.pro displaying seemingly fake awards.
| Company | Finanzwelt |
| Website | finanzwelt.pro |
| Support Email | support@finanzwelt.pro |
| Account Types | Real Accounts |
| Real Account Options | Entry Level Account.Standard Account.Premium Account.VIP Account. |
| Minimum Deposit | Depends on the account type; Entry Level Account—$10,000.Standard Account—$25,000.Premium Account—$50,000.VIP Account—$100,000. |
| Maximum Leverage | Depends on the account type; Entry Level Account—1:200.Standard Account—1:300.Premium Account—1:400.VIP Account—1:500. |
| Deposit Bonus | Depends on the account type; Entry Level Account—30%.Standard Account—50%.Premium Account—70%.VIP Account—100%. |
| Minimum Spread(the difference between the selling[bid] price and the buying[asking] price of a currency pair expressed in pips) | Depends on the account type; Entry Level Account—1.5 pips.Standard Account—1.5 pips.Premium Account—0.8 pips.VIP Account—0 pips. |
| Payment Methods | Master Card, Visa, Bitcoin, and Wire Transfer. |
| Demo Accounts | N/A |
Finanzwelt pro broker login or signup page screenshot.
1. Broker Unlicensed and Unregulated
The absence of a license or regulatory oversight is the first and most common red flag when it comes to identifying a fraudulent broker.
Like all other scam brokers I’ve exposed on Scamreader, Finanzwelt is unlicensed and unregulated. This means that if you fall into their trap, you’ll have no legal recourse when they steal your funds.
These internet tricksters normally choose to operate without a license and regulatory oversight to avoid compliance standards, financial audits, scrutiny, and accountability. Other reasons include conducting unethical business practices unrestricted and being able to shut down any time as they normally set up the website for short-term purposes.
2. Broker Engages In Unethical Practices
Besides operating without a license and regulatory oversight, Finanzwelt conducts fraudulent activities with investors’ funds, another indication of a scam broker. For example, this fraudster has access to traders’ accounts alongside funds. As if that’s not enough, they have a habit of rigging trading positions and stops, manipulating spreads, and widening slippage, to steal investors’ funds.
3. Lacks Transparency
As you may already know, lack of transparency in FX trading refers to when a broker is not upfront with the necessary information or details that clients need to know. These may include their location, telephone number in addition to email address, as well as terms of service(ToS).
Like other scam brokers, such as Trenixo and Nordic CT, Finanzwelt lacks transparency. The website doesn’t disclose the company’s physical location, telephone contacts, and ToS. This omission leaves investors without knowledge of the account terms and trading terms, as well as fees, commissions, and other charges. Additionally, it puts them in a situation where they’re in the dark regarding the company’s cancellation, refund, privacy and data protection, dispute resolution, and arbitration policies, alongside other nitty-gritty details.
4. Vaguely Displays Fake Awards and Accolades
Like Allup Intl, Bankefex, and ExpertOption scam brokers, Finanzwelt presents bogus awards and accolades. Their objective for this act is to lure unsuspecting investors with a false impression of a competent and popular broker whom investors regard highly.
5. Finanzwelt Pro Broker Review Trustpilot
Finanzwelt describes itself on Trustpilot as an international online broker for small and institutional investors with a worldwide focus. This is highly doubtable given how this so-called broker exhibits numerous indications of a scammer masquerading as an authentic broker.
Notably, Finanzwelt.pro(the company’s website), doesn’t disclose Finanzwelt’s physical address, which is strange in the first place. Is the broker hiding?
On the contrary, Trustpilot reveals that the company is located at Berliner Allee 26, 40212 Düsseldorf, Germany. Furthermore, the consumer review site shows a contact email address that’s different from what the product website does (i.e., contact@finanzwelt.pro as opposed to support@finanzwelt.pro). This is another red flag not to be ignored because scammers tend to provide false contact information as part of their avoidance strategy. It’s impossible to ascertain whether both email addresses are registered using the true identity details of the scammer or if only one is, or none at all.
Trustpilot essentially reveals the broker’s lies and lack of transparency. As you already know, many scam brokers employ these tactics to avoid detection and arrest.
6. Finanzwelt Pro Broker Review YouTube
An honest Finanzwelt pro broker review on YouTube further reveals that this company is a scam. The Broker News channel warns that Finanzwelt.pro is a rigged system that manipulates trading positions and spreads. The channel also reports that the broker declines withdrawal requests, holding on to investors’ hard-earned money.
My Final Verdict On Finanzwelt
Finanzwelt is a shady broker who entices unsuspecting investors with very high leverage levels and deposit bonuses. I probed this so-called broker and found out that they rig clients’ accounts, manipulating trades using cunning strategies to make money. Apart from that, they also don’t honor withdrawal requests, holding onto investors’ money. Avoid this fraudulent platform, which has nothing to offer to investors except regrets. No matter how promising it may seem, it’s not worth your time and money.
Pursue Your Funds!!!
Have you been swindled by Finanzwelt or any other similar broker? If so, and you have evidence, you should report the scammer and seek help. To do so, go to this page. You may also send an email to scamread@scamreader.info.