Basic Information
Registered Region 
Russia
RussiaOperating Period
5-10 years
Company Name
Finiko
Contact Number
8-917-917-06-00
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
Finiko
Russia
|
5-10 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://www.finiko.world
Website
Rating Index
Contact
8-917-917-06-00
https://www.finiko.world
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Website
Genealogy
Relevant Enterprises
Company Summary
News
Comment
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Official website
Website
finiko.world
87.236.16.73Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Genealogy
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Relevant Enterprises
FINIKO, LLC(Maine (United States))
Deregistered
United States
Registration No. 20113305DC
Established
Related sources Website Announcement
Company Summary
Note: Finiko's official website: https://www.finiko.world is currently inaccessible normally.
Finiko Information
Finiko Company Limited is an unregulated brokerage company registered in Russia.
Is Finiko Legit？
Finiko currently lacks valid regulation. This means that the broker is not a safe forex broker, instead, you can choose regulated brokers.
Downsides of Finiko
- Unavailable Website
Finiko's official website is currently inaccessible. We can not get first-hand information from its website.
- Lack of Transparency
There is a notable lack of information about Finiko available online.
- Regulatory Concerns
Finiko currently operates without valid regulatory oversight. Its safety and legitimacy are doubtful.
- Withdrawal Difficulty
According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals.
- Contact Difficulty
According to a report on WikiFX, when a user contacted customer support they didn't want to give the account manager's email address.
Negative Finiko Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are 3 pieces of Finiko exposure in total. I will introduce 2 of them.
Exposure 1. Withdrawals and contact difficulty
| Classification | Others |
| Date | 2023-02-22 |
| Post Country | United Kingdom |
You may visit: https://www.wikifx.com/en/comments/detail/Co202302225451962281.html
Exposure 2. Cannot withdraw
| Classification | Unable to Withdraw |
| Date | 2021-12-17 |
| Post Country | Argentina |
You may visit: https://www.wikifx.com/en/comments/detail/202112168562171651.html
Conclusion
Trading with Finiko may pose security risks as they lacks valid regulation. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investment. When selecting a trading platform, prioritize those supervised by recognized regulatory bodies for enhanced security and peace of mind.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
News WIKIFX REPORT: Finiko: founder Doronin testifies against 44 accomplices
Finiko, Russia's most recent crypto-ponzi, has seen significant advancements. Kirill Doronin, the company's founder, has agreed to testify against 44 accomplices who reportedly disobeyed his order to only take cryptocurrency investments.
News WIKIFX REPORT: Russians lose millions as Finiko pyramid scheme collapses
Many people link Russia's big financial pyramid schemes with the 1990s and the financial Wild West that followed the Soviet Union's demise. They are, nevertheless, still alive and well today. The Finiko pyramid fraud was busted recently, and its founder, Kirill Doronin, was arrested. The scandal, which began in 2018, defrauded Russians of over $100 million.
News $100M BTC Ponzi scheme Finiko founder arrested in Russia
The founder of one of Russia’s largest cryptocurrency scams to date is behind bars, and his accomplices are being sought by Russian authorities. Moscow police arrested Kirill Doronin on charges of allegedly defrauding $100 million from his investors, although some reports purport the figure could be over $1 billion.
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