FinForce

The broker is owned by Euro Orient Securities and Financial Services Ltd, an investment company registered in the Republic of Cyprus. The activity is regulated by CySEC. The organization is a member of various professional bodies, including CIFSA, CCI and CFSFA – all of these are Cypriot commissions that have no real weight in the Russian market in which the office continues to operate.

Despite a long history of work since 2005, the counterparty received a lot of negative feedback from clients. The company used dubious schemes to serve traders, and its website is currently unavailable. Many people cannot get their funds back.

The company has not updated current information on its website since 2010 and has not provided current educational information to customers. It is also mentioned that the broker does not have clear terms of service for clients and a license to provide intermediary services in financial markets.

In general, information about the company presents a mixed image: on the one hand, the company has official registration and license, but on the other, it faces serious criticism and accusations of dishonest work.

Scammers claim the following benefits:

• 24-hour trading: from Monday to Saturday, with Sunday as a day off;
• loyal fee policy: no fees for withdrawal of funds;
• execution of Orders: Instant Execution;
• possibility of using automated trading systems.

This is a manipulation of customer opinions, because the listed characteristics are not exclusive, they are characteristic of most counterparties.

However, we can say with confidence that transparent services when trading on financial markets are definitely not about FinForce official website is unavailable due to the fact that scammers have switched to working over the telephone. They call clients and recommend making a deposit. This is a common scheme among scammers.

Trading with broker FinForce

The scam broker uses the popular trading platform MetaTrader 4 (MT4), which is known for its flexibility, reliability and extensive analytical capabilities. The terminal offers traders:

• various tools for technical analysis;
• the ability to use trading advisors (Expert Advisors);
• custom indicators;
• mobile versions for smartphones that allow you to trade on the go.

The scammers do not disclose liquidity providers, which also contributes to undermining trust in FinForce personal account the investor opens with this company, and not with the MT4 developers. Therefore, having a proven platform is not a guarantee of profitable trading.

Terms of trading with a brokerage firm:

• in FinForce wide range of leverage, the maximum size of which can reach 1:500. This allows traders to increase potential profits, but also increases risks;
• the company offers fixed spreads, with a minimum size of 2 points. The presence of accounts with spreads floating from 0.5 is also mentioned;
• the absence of strict restrictions on the minimum deposit size allows clients to start trading with any amount that is comfortable for them;
• bank cards, electronic wallets and bank transfers for account replenishment and cashout;
• traders can receive advice from experienced specialists; the broker does not specify who exactly acts as mentors. The value of such advice is very conditional.

Trading conditions are described superficially, which is also typical for financial scammers. Fraudsters are ready to show flexibility and adapt their requirements to the interests of the client in order to convince him of the advisability of opening an account and subsequent cooperation.

FinForce exposure – broker refuses to pay investor money

FinForce is an example of a company that raises serious suspicions of fraud. Despite claims about providing financial services, there are a number of signs that indicate potential deception for newcomers:

• there were at least two sites with the name FinForce. The first project began work in 2003 and operated for more than 10 years, closing in 2017. The second project appeared in 2023. This raises suspicions that both portals were operated by the same persons;
• Most reviews about the broker are negative. Clients talk about loss of funds, problems with withdrawing money and lack of support from the company. Some traders claim that the counterparty is fraudulent and no one could make money on it;
• technical problems with the trading terminal are mentioned, including slippage of up to 100 pips, which seriously impedes effective trading;
• investors note that the website lacks clear and up-to-date information about the company, which makes it difficult to verify its reliability;
• the administration claims that it has a CySec license, but there is no confirmation of this information in the regulator’s registers. The scammers refused to provide scanned copies of the document;
• initial draft FinForce was closed, but then restarted under the same name. This indicates an attempt by scammers to resume their activities under an already well-known brand;
• clients complain about the lack of feedback and support from the company, especially in situations where problems arise with trading or withdrawal of funds;
• Cases have become common when the terms of trade changed unilaterally, which resulted in financial losses for clients.

All these factors cast doubt on honesty and openness. FinForce Investments into financial assets through this platform are associated with too high non-trading risks. Therefore, traders should look for another counterparty for cooperation.