Finotive Markets is a platform that claims to provide financial derivatives trading services, with a domain established on February 23, 2021. Although the company is registered in Saint Vincent and the Grenadines and has registration information with the local Financial Services Authority, Saint Vincent and the Grenadines do not regulate financial derivatives trading. This means the registration information is not effectively regulated. Additionally, the platform has not disclosed any specific regulatory information on its website, lacking transparency and bringing uncertainty to potential investors.
Background of Finotive Markets:
The official website of Finotive Markets is https://finotivemarkets.com/. The domain was established on February 23, 2021. The platform claims to be operated by Finotive Markets LLC, registered in Saint Vincent and the Grenadines with registration number 2152 LLC 2022. Although the corresponding registration information was found with the Financial Services Authority of Saint Vincent and the Grenadines, it should be noted that Saint Vincent and the Grenadines do not regulate financial derivatives trading, so this registration information is not effectively regulated.
Regulatory Information of Finotive Markets:
As of now, Finotive Markets has not disclosed any specific regulatory information on their official website. This lack of transparency makes it difficult for potential investors to verify the platform's legitimacy and compliance.
Account Registration Process at Finotive Markets:
- Visit Finotive Markets' official website and click the registration button
- Fill out the application form
- Submit identity verification documents
- Deposit funds and start trading
Account Types at Finotive Markets:
The official website of Finotive Markets does not provide specific information about their account types. Currently, it is unclear whether Finotive Markets offers different types of trading accounts to meet the needs of various investors.
Trading Software of Finotive Markets:
Finotive Markets offers MetaTrader 5 (MT5). MetaTrader 5 (MT5) is a popular trading platform known for its powerful features and flexibility, catering to various investor needs and preferences. The MetaTrader platform provides a wide range of analytical tools, charts, and automated trading features, enabling traders to execute various trading strategies effectively.
Trading Products of Finotive Markets:
As of now, the official website of Finotive Markets does not provide detailed information about its trading products. This lack of transparency may cause potential investors to feel uneasy, as they are unable to know the specific trading assets offered by the platform and their related features.
Typically, a comprehensive financial trading platform provides a variety of trading products such as forex, stocks, indices, commodities, and cryptocurrencies. The diversity of these products can help investors choose the most suitable trading options based on their investment strategies and risk tolerance.
The lack of information in this area makes it difficult for investors to fully assess and choose the platform. In such situations, investors should proceed with caution and seek further transparent information to ensure the safety and reliability of their investment decisions.
What are the Spreads, Leverage, and Commissions of Finotive Markets?
The official website of Finotive Markets does not disclose detailed information about spreads, trading leverage, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, margin call/stop-out levels, minimum price increments, or contract sizes.
Deposit and Withdrawal Methods of Finotive Markets:
The deposit and withdrawal methods of Finotive Markets are not specifically detailed on their official website. Typically, traders may be able to use various common payment methods for deposits and withdrawals, including bank transfers, credit cards, and e-wallets.
Customer Support of Finotive Markets:
Email: support@finotivemarkets.com
Phone: +36 70 316 9408
Conclusion:
Finotive Markets has extremely limited disclosure of information regarding its corporate background, regulatory information, account types, and trading products. This lack of transparency makes it difficult for potential investors to fully evaluate its legitimacy and reliability. For those considering trading on this platform, it is crucial to act with caution and further verify the platform's relevant information to ensure the safety of their funds. It is recommended to prioritize those trading platforms that offer transparent, detailed information and are regulated by well-known regulatory agencies to minimize investment risks. Finotive Markets is listed as "Suspected Fraud" on TraderKnows.
