Finsa Investment Limited is an offshore investment platform that lacks credibility and transparency. The platform fails to provide investors with accurate information on their whereabouts. At one point, they claim to reside in London and even post a Company registration number. Our efforts to track down this platform didn’t go through as the address they give is false. Here’s an in-depth look at this platform via a detailed FINSA INVESTMENT LIMITED REVIEW.
The platform claims to be an award-winning brokerage firm with various awards. These awards include Best Regional FX Broker and Most Transparent FX Broker. But, unfortunately, all we see is a cup with no name on it.
When it comes to the aspect of a sales pitch, Finsa Investment Limited is executing it perfectly. We don’t see any reason why newbies wouldn’t fall for it. Moreover, the platform comes with an aesthetic appeal.
Investing and trading with forex requires knowing the field for those who lack the knowledge to sign up with authentic platforms proven to work. Therefore, make a point of signing up with transparent and viable investment platforms.
Finsainvestmentlimited.com is far from being a reliable investment platform. What makes it a hard bargain is the lack of compliance. If the platform does reside in the UK, it ought to have a license from the FCA.
Other than the compliance issue, we have seen complaints from users regarding withdrawal. Some of them claim the platform is blocking withdrawals. And this is the problem with unregulated platforms, and there’s no way of recovering funds.
A user named Hardesty Roderick, who resides in Great Britain, is the only review we’ve seen. When you head over to Trustpilot.com, you will read his review. He claims to make roughly $200 a month.
The review was on 18th July 2021 and is the only positive review we’ve seen. It’s not a credible option since it’s only one comment. We have to give other users time to share their experiences with the platform.
Finsa Investment Limited offers six different account types to choose from. These accounts include Micro, Mini, Standard, Business, VIP, and Corporate. Most of the accounts come with leverage of 1:200.
Let’s take a closer look at each of the accounts;
Micro
There’s a minimum depository amount of 500 Euros. So it’s safe to say that the platform is asking for double the acceptable depository option. Most regulators in Europe and North America have set 250 Euros as the acceptable minimum deposit.
Mini
Mini account holders must deposit 1,000 Euros to start trading. Members get fixed spreads and an option of using an account manager. You can trade base currencies and get SMS news and signals daily.
Standard
There’s a minimum deposit of 10,000 Euros with the standard account. Members use desktop, mobile, and tablet trading terminals. You also get an account manager, and the leverage is set at 1:200.
Business
For the business account holder, you must deposit 25,000 Euros to start trading. With the business and standard accounts, members get fixed or floating spreads. Leverage for the business account is set at 1:200.
VIP
To start using the VIP account, members must deposit 50,000 and trade all assets. You also get full access to the platform’s functionalities and video tutorials. In addition, members get adjustable leverage with their personal portfolio and portfolio manager.
Corporate
There’s a minimum deposit of 250,000 set for corporate account holders. The spreads are adjustable with features the same as the VIP account. You also have access to an account and portfolio manager.
We have reason to doubt the professional or skill capacity of these account managers. For one, the platform fails to inform users of the identities of account managers. We believe the platform ought to show us their profiles for confirmation.
For all we know, the platform could also be using call agents to act as account managers. We have seen it before on most unregulated platforms. But, instead, all they do is call members urging them to deposit more funds.
Jayden is one of the few members who are upset with the calls from his account manager. The calls come in during odd hours. He states the account manager claims they have found high profitable investment opportunities.
All Jayden has to do is invest more funds as he waits for the current funds to mature. But, unfortunately, those who make the mistake of depositing more funds are in for a rude surprise. And that’s the reason why you need to be extra careful with unregulated platforms.
The platform offers five assets for trading. These assets include CFDs, Commodities, Forex, Indices, and stocks. In summary, you can trade CFDs, Forex, and indices. In addition, the platform offers major and minor currency pairs.
Finsa Investment Limited is not a registered entity, and this is according to the FCA. The UK Forex governing body does not have a platform registered with the above name. And this makes it a risky investment platform.
With the platform offering over 15 different funding methods, it ought to comply with industry regulations. But, unfortunately, we don’t see any compliance information. Even the disclaimer at the footer of the homepage fails to mention it.
The business registration number does not exist. So we also did a check with the Company House UK to try and confirm the registration. And this is the reason why we believe Finsainvestmentlimited.com is a high-risk platform.
There’s a badge just under the main banner that claims the platform is internationally regulated. The platform claims to be regulated by the FCA, DFSA, CySEC, and LFSA. All these are false claims as they fail to have any documents to prove them.
We don’t see a reason why the platform would behave in such a manner. If they had a license from any of the above regulators, their details would appear on the regulator's registered entities. It’s concrete evidence the platform is hiding its regulatory status.
As indicated above, there are over 15 funding methods. These include Bank transfer, MasterCard, Neteller, Skrill, UnionPay, Visa, and more. What’s lacking is the withdrawal process and how long it takes for funds to appear in your account.
The lack of a regulatory license puts a dent in their attempt to look transparent. Most unregulated platforms usually hold funds until a member is fully committed. In most cases, they only allow partial withdrawals of amounts not exceeding $200.
We tried to click on the Live Chat tab, which doesn’t work. The callback option allows users to send a message and leave their contact details. Unfortunately, the platform doesn’t have time for members.
If they did, they would offer convenient and reliable ways of making contact. But, unfortunately, it’s hard to contact support in the event you need quick help.
One thing the platform got right was the availing MT4 trading platform to users. We recommend trading with MT4, MT5, and SIRIX platforms. These terminals offer an advantage to users, such as advanced tools and stability.
Here are the main reasons why we won’t be recommending investors to use the platform
These are the main reasons why we doubt the credibility of finsainvestmentlimited.com.
Those who are interested in convenient and safe ways of investing are in luck. We have compiled a list of the best investment platforms. Take a look and see which suits you best.
If you have any queries, feel free to leave a comment or drop us an email.
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