Finaceiro Trader Review – How To Know If The Broker Is Scamming You?

If Finaceiro Trader were operating any close to legitimate, they wouldn’t disappear in the first place. This brokerage presented itself as a UK-based investment firm. However, with very strict regulations, you can’t last long. Especially not with anonymous and misleading services.

Therefore, if you are their victim as well, read this Finaceiro Trader review until the end and find out how to recover your money.

Broker status:	Unregulated Broker
Regulated by:	No regulations
Operating Status:	Inactive Forex and CFD Trading Scam
Known Websites:	finaceirotrader.com (inactive)
Blacklisted by:	FCA, CNMV, IOSCO
Owner:	N/A
Headquarters Country:	UK (allegedly)
Foundation Year:	2023
Online Trading Platforms:	Web-based
Mobile Trading:	Not available
Minimum Deposit:	$5.000
Deposit Bonus:	N/A
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes – BTC, ETH, XRM
Available Trading Instruments:	Forex, stocks, cryptos, commodities, indices
Maximum Leverage:	1:400
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	After multiple warnings against this broker, the only thing left for traders to do is apply for a refund to get their money back. For detailed assistance, feel free to contact our experts.

Is Finaceiro Trader Legit or a Scam?

First things first. The company should obtain an FCA license or TPR permit as a UK-based trading firm. However, that was not the case. They were just trying to clone a legitimate firm with their services. Luckily, the UK’s FCA had exposed them before they did catastrophic damage to investors..

Quickly after that, other institutions like Spanish CNMV and IOSCO, have published their warnings against the company. So, features like negative balance protection, guaranteed funds, and compensation schemes may be forgotten.

How Does Finaceiro Trader Work?

By cloning an authorized firm, the company tried to mislead traders into believing they were legitimate. But the moment you try looking for Finaceiro Trader reviews, you realize it’s all a lie. That’s the first step of their manipulation. However, a few percent of traders trusted them for some reason. These got lured by attractive campaigns to deposit some money.

The problem starts when you actually start trading. With the proprietary web-based platform, the company manipulates details you can see and presents you with fictive profits. Logically, you want to deposit more and make more. Yet, when you want to get that money out, unexpected issues occur.

If that was your case as well with this broker or Xtecoin, for instance, reach out for refund advice as soon as possible.

Who Are Finaceiro Trader Victims?

Even though there are no reviews, website analytics can reveal what countries were targeted the most. Since 2023, when their domain was registered, they were mainly attracting traders from:

• Portugal
• Netherlands
• France
• Switzerland

Of course, Finaceiro Trader broker was not authorized to provide services in any of these countries. Neither is BridgeMarkets broker, which has quite similar features that are now available. All in all, if any of these firms hold your money, get in touch for chargeback advice.

What Are Trading Platforms Available?

Generally, whatever platform the company was offering wouldn’t make a difference even if it was cTrader or MetaTrader. In any case, such trusted platforms were not a part of the deal.

Instead, you could only use a web-based proprietary platform. The key disadvantages were missing advanced trading tools, automated trading features, and custom indicators.

Is the Finaceiro Trader Mobile Trading App Available?

Even though the Finaceiro Trader website is inactive, we could see if mobile apps were available. Sadly, no. In general, when you experience trading on superior mobile apps, you won’t ever choose web-trader again.

What Financial Instruments Does The Platform Include?

After all the mentioned irregularities, the lack of some instruments will be the smallest problem. In general, with the fictive platform, you can’t trust what you see anyway. Anyway, the company’s offer consisted of:

• Forex – USD/EUR, AUD/NZD
• CFDs – gold, NASDAQ, Alibaba
• Cryptos – ETH, BNB, XRP

Account Types Offered by Finaceiro Trader

As it seems, the company was offering a wide range of account types with progressively raised deposit requirements. The lowest amount required was $5,000, but in most cases, scammers accept way less. After all, a very low percentage of traders would trust unregulated brokers with such big money.

Anyway, all options were:

• Green – $50,0
• Premium – $15,000
• Platinum – $50,000
• Executive – $100,000
• Presidential – $250,000

Can a Trader Use a Finaceiro Trader Demo Account?

Another big disadvantage of this company was missing demo account. Therefore, traders could only deposit money or look for another broker. Honestly, you should always choose the second option.

Finaceiro Trader Fees, Spreads, Leverage and Commission

When a company has multiple warnings, you know their trading conditions are not good. In most cases, they’re even manipulated.

In this case, you could expect a starting spread from 1 pip, non-transparent fees, and commissions, and leverage of up to 1:400. But why stick with them when you have far more transparent brokerages?

Is the Finaceiro Trader Welcome Bonus Available?

Currently, there are no signs the company offered any bonuses. But there could be some chances for it. After all, they were not licensed, and they could do anything they wanted. We advise you to read bonus policies before accepting any future incentives.

Is Finaceiro Trader Withdrawal Possible?

If the Finaceiro Trader withdrawal was possible, the company would still exist. Even though their withdrawal methods were convenient, such as bank transfers and card transfers, their financial department couldn’t be trusted.

With processing time up to 10 business days, they could make any excuse not to approve your withdrawal. On top of that, the company might be looking for higher fees than the advertised $25 for a wire transfer.

What Should I Do If I Have a Finaceiro Trader Problem?

Generally, with the Finaceiro Trader platform all kinds of issues are possible. The most disturbing ones are regarding withdrawals and traders should know what to do if they have funds trapped. There are different refund options and even chargeback for card transfers.

The key point is to reach us on time. That’s why we advise all victims to reach our refund experts, get the first consultation for free, and see what their options are. Once you know them, it’s easy to make a decision. Don’t waste time, so book your meeting today!