FINANCIALAFFINITY LTD is a CFD broker with a domain name registered on January 5, 2024. The broker primarily offers investment services in markets including forex, cryptocurrency, indices, stocks, energy, and commodities, and does not provide services to countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the FINANCIALAFFINITY LTD (financialaffinity.live) website shows that the broker is registered in the United States and operates under the trade name "Financial Affinity." The broker claims to be regulated by the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Upon investigation, regulatory agencies such as the Financial Industry Regulatory Authority (FINRA), the U.S. Securities and Exchange Commission (SEC), the National Futures Association (NFA), the UK's Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC) could not find any regulated company named "Financial Affinity."
Therefore, FINANCIALAFFINITY LTD (financialaffinity.live) is, in fact, a scam broker website with no corporate entity and no regulation.
Account Opening Process
The process to open a trading account with FINANCIALAFFINITY LTD involves visiting the broker's website, clicking on "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to enter the account registration page, filling in personal details such as name and email, setting a login password, and submitting the information. Verification will lead to successful registration.
Trading Instruments:
FINANCIALAFFINITY LTD offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows for speculation on the performance of entire markets or sectors without trading individual stocks, exploring popular indices can reveal diverse trading opportunities and leverage to amplify potential returns.
- Commodities: Commodity trading covers essential global market resources, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to engage in price fluctuations and dividends based on the performance of public companies without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the chance to profit from highly volatile assets.
Investment Plans
FINANCIALAFFINITY LTD offers four different types of investment plans: Basic account, Classic account, Platinum account, and Forex Signal Subscription.
Basic account:
- Minimum deposit: $500
- Minimum expected profit: $4,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
Classic account:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
Platinum account:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
Forex Signal Subscription:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
FINANCIALAFFINITY LTD claims to provide the MT4 trading platform to its users, offering deep liquidity, leverage up to 1:500, and industry-leading spreads. However, searches revealed that there is no broker named FINANCIALAFFINITY LTD on the MT4 trading platform.
Deposits and Withdrawals
FINANCIALAFFINITY LTD states on its homepage that it supports deposits and withdrawals using debit cards, wire transfers, electronic checks, and checks. However, on the "FAQ" page, it mentions that it does not offer various deposit methods, including credit/debit cards and bank wire transfers, and only supports cryptocurrency deposits and withdrawals.
Conclusion:
Traderknows reminds investors that FINANCIALAFFINITY LTD is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
