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FinForce

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    Exposing the FinForce broker - review of signs of fraud, financial losses

    FinForce is a financial broker specializing in providing services on the international currency market Forex and CFD. The company offers access to both private and corporate traders to trade through leading Western-style terminals. Despite the ambitious goals of the project, traders accuse the office of fraud, calling the company a forex kitchen.

    Status

    SCAM

    Year of foundation

    2003

    Affiliate program

    No

    Regulation and jurisdiction

    Russia

    CySec

    Website

    http://finforce.ru/

    Contacts

    +7(495) 663-72-89

    [email protected]

    Pros
    • No requirements for first top-up
    Cons
    • Hidden fees
    • Fake license
    • They don't pay money
    Trading Platform

    MetaTrader4 (MT4), MetaTrader5 (MT5)

    Types of accounts

    No

    Currency

    USD, EUR, BTC, GBP

    Deposit/withdrawal

    Credit cards Visa/Mastercard/Maestro

    Electronic wallets

    Cryptocurrency

    International payment systems PayPal, Neteller, Skrill

    WireTransfer

    Min Deposit

    No

    Leverage

    1:20-1:3000

    Spread

    Up 0.0 pips

    Financial Instruments

    Currency pairs, cryptocurrency, indices, commodities, precious metals, shares of large international companies, energy

    Order execution

    Market

    Bonus

    Yes

    About 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.

    Expert opinion

    Eugene Rudenko

    Brokerage firm FinForce – product of activity bred. They constantly use sophisticated tricks to deceive gullible newcomers. All the talk about stable earnings from trading thanks to the support of their analysts -useless chatter aimed at a gullible audience. Absolutely all investors lose money due to the actions of representatives of this scam.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Feedback on the work of FinForce

    By analyzing company reviews, you can identify several common trends that cause concern among customers. Yakov emphasizes that the experience with this broker was unsuccessful, especially due to the limited selection of trading instruments and assets, as well as the lack of updates to analytical data and quotes. This creates significant difficulties in trading and leads to financial losses.

    Kirill expresses doubts about transparency and reliability FinForce reviews indicate the mystery of the broker and the lack of sufficient information about him on the Internet. The user also mentions the primitiveness of the company’s website, which increases suspicions about its integrity.

    Tamara and Dmitry share their negative cases related to the loss of funds and problems when trying to withdraw them. This is one of the most obvious signs of fraudulent activity on the part of the broker. Dmitry also notes technical problems with the trading terminal, including frequent requotes and system instability, which seriously complicates trading.

    Alexey emphasizes the lack of responsibility and support from the office, and also points to the closure of the company’s website and the inability to contact the support service. This leaves customers with no way to solve their problems.

    The considered comments only once again confirmed the well-founded suspicions about transparency FinForce review complaints show that the kitchen refuses to pay money and also uses quote manipulation to steal financial capital.

    Conclusion

    The broker manipulates how novice traders think about trading in financial markets. Company representatives promise fabulous income and completely deny risks. Because of this, users lose savings. If you also lost money due to fault FinForce, contact us for help. Our specialists will do a chargeback without additional overpayments. Each user will receive a free consultation.

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    FAQ

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    How do client reviews about FinForce affect the company’s rating?

    Customer reviews are one of the main criteria that influences the placement of a broker in the ranking of the best companies. You can see all reviews about FinForce on the company profile page.

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    How to write a review about cooperation with FinForce on the Forex Rating website?

    Register on the Forex Rating website – it’s free and takes up to 5 minutes, taking into account the registration confirmation via the link that will be sent to your email. Detailed instructions on how to leave a review about FinForce can be found here.

    Reviews

    All Reviews

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