Finodax is a brokerage and investment firm specializing in online trading and investment, in Forex and CFDs trading specifically. The broker claims to have offices in the UK, Spain, Norway, Japan, Australia, South Africa, and Mexico.
Is Finodax A Legit Broker?
When choosing a Forex broker like Finodax, it is important to check the list of regulated brokers to see if the broker you are going to open an account with is regulated by a government regulatory agency. As per our research, there is a warning against Finodax, issued in May 2018 by Spain’s regulator CNMV (The National Securities Market Commission). Hence, trading with it is not recommended.
Is It Safe To Invest With Finodax?
According to our Finodax review, it claims to return a good profit with the investment of a minimum amount of USD 250. But, many traders have shown disappointment and submitted negative reviews for being scammed by it. Therefore, it is suggested to use an alternative for your investment.
How To Recover Your Scammed Money From Finodax?
If you want to recover your lost money from a Finodax scam, you can take assistance from the fund’s recovery companies listed with us. They will help you to recover all your lost amount.