FinnexBot Scam Broker Review: Don’t Fall for the Trap

Is FinnexBot Legit or Scam?

FinnexBot is a scam broker masquerading as a legitimate trading platform. This review will expose their deceptive practices and urge you to avoid investing with them.

Company Overview

Services or Products

FinnexBot offers trading in various assets:

• Stocks (Alibaba, Adidas, Boeing, 3M)
• Cryptocurrencies (BTC, ETH, LTC, XRP, ADA)
• Indices (CAC40, DAX, FTSE100, NSDQ)
• Currencies (EUR/USD, EUR/GBP, USD/JPY)
• Commodities (Wheat, Coffee, Silver, Gold)

However, their platform is unreliable and likely manipulated, making genuine trading impossible.

If you have lost money to companies like AEX or Ipgate; please report it to us on our report a scam From

Trading Platform & Leverages

FinnexBot uses a basic web trader with limited functionality. It’s heavily manipulated and unusable until you deposit money. They offer a dangerous leverage of 1:500, exceeding regulatory limits and increasing your risk of losing your investment.

Spreads and Cost of Trading

FinnexBot advertises spreads starting from 1.5 pips for EUR/USD, but these are likely inflated compared to reputable brokers. They also offer hidden fees and require a high trading volume to withdraw any bonuses, making them practically impossible to claim.

License and Regulations

FinnexBot is not licensed or regulated by any recognized financial authority. They falsely claim to be regulated in the UK and Cyprus, but these claims are demonstrably false. Federal Financial Supervisory Authority (BaFin), a leading EU regulator, has issued a public warning against them.

Legal Warning Against FinnexBot

BaFin’s warning highlights the risks of dealing with FinnexBot, including:

• Unregulated activity: This offers no investor protection and exposes you to potential fraud.
• False claims: FinnexBot lies about its location and regulation, raising red flags about its legitimacy.
• Manipulation: Their platform is likely manipulated to generate fake profits and prevent real withdrawals.

Deposit and Withdrawal Methods

FinnexBot accepts deposits via credit card and wire transfer. However, withdrawals are notoriously difficult, often denied with excuses like unmet trading volume requirements. If you lose money, you may have a chance to recover it through a chargeback with your credit card company.

FinnexBot Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Unlicensed brokers like FinnexBot operate outside the law and pose significant risks to investors:

• No investor protection: If you encounter issues, you have no recourse to regulatory bodies for assistance.
• Increased risk of fraud: Unregulated brokers are more likely to engage in deceptive practices and steal your money.
• Limited access to funds: Withdrawing your funds can be difficult or even impossible with unlicensed brokers.

Client Feedback

FinnexBot uses fake reviews to create an illusion of legitimacy. These reviews are often written in broken English and praise unrealistic aspects of the platform.

How Can “Reviewsadvice” Help You If You Get Scammed?

While recovering funds from a scam can be challenging, you can take steps to increase your chances:

• Report the scam to the authorities and financial regulators.
• Contact your bank or credit card company to see if a chargeback is possible.
• Seek legal advice to understand your options, or  You can report to us today by the below form