Fintegral broker offers its clients online trading services. The unfortunate fact is that they are not licensed for trading with CFDs and Forex. They are based in St.Vincent and Grenadines and the country doesn’t provide any regulations in trading. Therefore, we would be extremely careful about depositing any money here.
They are even trying to copy and imitate one regulated Fintegral.com company. Moreover, other Fintegral reviews are confirming that this broker is nothing but a scam.
Furthermore, we highly recommend that you avoid the scam brokers Bidaskbit, Esperio, and Vital Markets.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||KNF ( Poland )|
|Owned by:||Ethereal Group LLC|
|Headquarters Country:||St. Vincent and Grenadines|
|Supported Platforms:||Web-based trading platform|
|Types of Assets:||Forex, Commodities, Shares, Indices, Bonds|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
Is Fintegral A Scam Broker? – Risk To Profits
Besides imitation, the company doesn’t even provide any license. Since SVG doesn’t have a regulatory body, the company should comply with the regulations of the countries of their service.
Through the research, we found that they are scamming traders from Germany, Poland, Switzerland, Italy and the UK. Therefore, we expected to see in registers of FCA, BaFin, CONSOB or ASIC some information about Fintegral trading. Unfortunately, we couldn’t find anything about them.
In less than a year, Fintegral got a warning. They are offshore, which means hiding something. On top of that, this broker is pretending to be a legitimate company.
Arguments For Trading With a Licensed Broker
Any honest broker would do their best to provide some kind of security for clients. The best way to do so is through licenses from trusted regulators. That way the broker can’t be anonymous without ownership information and someone responsible for the whole business.
If the company has a license, it can’t provide clients with high leverage that is putting their funds at extreme risk. The only benefit of that is that you can potentially make bigger profits. But if you can’t withdraw it, there is no point.
Red Flags and Warnings from Financial Regulators
The situation is even worse when the company has warnings against it. This broker is already blacklisted as a scam, but they are only one year into the business. Poland KNF has issued a warning recently to prevent clients be scammed by this bogus trading company.
Check it out yourself.
Fintegral Software – How Safe Is The Platform?
Any experienced trader would recognize that this is all fake. They present through the advertisements a photo of a trusted and world-known platform.
However, the one that this broker is using is nothing close to that. The lack of advanced trading tools, EA and social trading reveals that this is not what they are presenting. Therefore our trust diminishes.
WebTrader For PC
The good thing about this web trader is that it’s available for download on a PC. A disadvantage of that process is that you need to register and leave all your personal information first. We wouldn’t be so sure about it. Obviously, their goal is to get your details, not to show you how the platform works.
WebTrader For Mobile
As for the mobile version of the trading platform, it is available for both Android and iOS. This is a great feature if you have trust in the broker. Since it’s required to register to get the download link, it’s a big no for us. They don’t offer a demo version, unfortunately.
What Financial Instruments Does Fintegral Include?
It was a surprise for us to see that they don’t offer cryptocurrencies. From the asset classes available Fintegral broker offers:
- Forex EUR/CAD, USD/NZD, HKD/USD
- Commodities oil, gold, cotton
- Indices AU200, BE20, CAC40
- Shares Intel, AMD, Starbucks
- Bonds ZB1!, FGBL1!, FBTP1!
This broker doesn’t provide access to the platform where we could check spreads on these assets. However, we don’t expect them to be anything good even though they are stating they have minimum spreads.
Fintegral’s Fraudulent Activities – What Are The Countries Involved?
From other Fintegral reviews and warnings, we found that they are scamming traders from:
It’s just a matter of time when will regulators from Germany, UK and Italy issue warnings. If they don’t vanish before that. That’s what offshore trading companies are doing when things get hard.
What Are The Different Fintegral Account Types?
This broker offers 4 different live account types:
- Mini – 500$
- Standard – 1.000$
- Classic – 5.000$
- VIP – 10.000$
The interesting difference is that you have more assets available for trading if you put in more money. In addition to that, you have higher leverage as you put in more money. So, you decide how fast you will lose everything.
What Bonus Options Does The Broker Provide?
According to regulations, trading companies are not allowed to provide any bonuses to their clients. Therefore, this is already violating terms. They offer to invite a friend bonus, where you can get a cash bonus if you bring someone to the company.
Another thing is the fees, that broker is paying instead of you for depositing. What a kind thing from them.
Fintegral Deposit and Withdrawal Policies
Deposits are always easy. To make it you can use any debit or credit card. When it comes to withdrawals you can expect another scam.
This broker is doing a withdrawal fee scam. They will tell you that you have additional fees and after they extract the last funds from you they will vanish.
Fintegral Terms and Conditions
All terms and conditions with this broker are speculative. A lack of regulations makes us think that there is nothing genuine about this broker.
Leverage is very dangerous, spreads are wide, bonus schemes for luring people and unreliable trading software. Wherever you look at you find warnings why not trade with this broker.
Scammed by a Fintegral Broker? – We Want To Hear Your Story.
We would like to hear your story. That’s the only way to help other people not be scammed. We can raise our voices together and put some more warnings against this broker. If they took your money, still there is a solution – a chargeback.
What Is the Chargeback Procedure?
It’s a procedure for reversing a transaction. It can be done in the first 540 days of making it. Only a Debit/Credit card comply with this procedure. Don’t waste any more time.
Contact us today to find out what is your first step!
What Is Fintegral?
Fintegral is an offshore non-licensed broker that is pretending to be one legitimate company.
Is Fintegral a Scam Broker?
Absolutely yes. Their websites are completely anonymous and fraudulent. Besides that, they don’t have a license for a business.
Is Fintegral Available in the United States or the UK?
This broker offers its services only to UK clients but not the US.
Does Fintegral Offer a Demo Account?
Fintegral trading doesn’t provide a demo account. Only 4 live trading accounts. Straight to the point why they are here.
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