Finansa review – 5 things you should know about

Finansa review – 5 things you should know about

Beware! Finansa is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Finansa bring a very basic forex experience, is what we will be saying if the firm did not make an immediate bad impression on us. There is an air about the company that smells of fraudulent doings, and as you will see, we have proof for this. Read the review to find out all there is to know.

Registering was a very familiar process. In fact every second or third illegal broker we review has adapted the same registration process look and the exact same user dashboard.

We gained access to a trading platform, where the EUR/USD cost of trade was revealed to be 8.3 pips. We are absolutely serious; you can check it out for yourself in the software section of this review. This cost of trade is one of the highest we have seen thus far, and is not at all, not one bit, favorable to users. The only winning party here is the broker. Our leverage was capped at 1:100, while according to the legal documents the leverage goes as high as 1:300. The trading assets are forex pairs, commodities, shares, indices, and cryptocurrencies.

Finansa comes with the following languages: English, Russian, and German. The user area offer a range of different languages: English, Russian, Chinese, Arabic, Italian, German, and Spanish. Their presence proves our point that this user area is not owned by Finansa.


The Environment section of the website indicates that the broker is regulated by an impossible combination of authoritative overseers, including CySEC, the FCA, the Financial Services Commission of British Virgin Islands, the Financial Services Commission of Mauritius, the Federal Financial Markets Service in Russia, and most notably the NFA in the United States.

We can say with confidence that there is not a single broker out there with so many different regulation. Crucially, no broker in the United States will be legitimized by the local NFA and at the same time by the Financial Services Commission of British Virgin Islands.

Finance’s is not regulated by any of these, judging not only by the lack of mention of its name in the official records of the agencies, but also by what we are about to discover further down in the review. Not to mention that the footer of the website claims the broker to be located in Saint Vincent and the Grenadines, a country that does not haveregulates FX brokers.

In conclusion, Finansa is UNLICENSED, and therefore a risk to all investments made.

Traders should be trading with risk-free brokers, that hold licensed from renowned and austere agencies, like the FCA or CySec , which have made a name for themselves as some of the top regulators. Readers should be aware that both agencies have adapted very strict rules of conduct, and their licensing framework guarantees safety and security for all clientele. A good example of this is the segregation of accounts which assures that client money and broker money are kept in separate accounts. Furthermore, FCA/CySEC brokers participate in a financial reimbursement scheme that cover traders losses in case the broker becomes insolvent. The FCA provides up to 85 000 pounds per person, while CySEC guarantees up to 20 000 euros.

Also, notice the Anydesk software that can be downloaded. This software is a common tool used by scammer brokers. The way it works is that the user gives remote access to the broker of his or her desktop. In essence the broker takes control of the computer, along side all the personal info, like bank account details and the like.


The MT4 that we downloaded was under the name of lengvinpartners, which is different from the alleged parent company of Finansa, going by the name of  Alevana Holdings Ltd. The browser based MT4 on the other hand offered only a MetaQuotes demo account, that anyone can use to practice from the official MetaQuotes website. So, the supposed MT4, is just that; an illusion. We are left with the scammer broker favorite Status Webtrader

This platform is nothing to be excited about, offering only two or three good features that will get boring fast.


The deposit section in the user area indicated that the minimum deposit is $250. The funding methods are as follows: Pradex, EFTpAY, and PayTrio. The legal documents claim that deposits are made via credit and debit cards, wire transfer, and e-payment methods. However, the client area reveals, only e-payment means.

Withdrawals are taxed pretty heavily. Wire transfers are issued a $50′ $35 for credit and debit cards; and $25 for ePayments. Furthermore, a 10% tax will be deducted from any withdrawal amount on which has not been executed a 200 turnover requirement. The minimum withdrawal amount for wire transfers is $250, and $100 for all other methods. The typical withdrawal processing time is 7 days. All this information was taken from the withdrawal policy. Seeing the depositing gateways, one is not at fault to be confused as to the application of the aforementioned fees, seeing that users cannot deposit directly via card not wire transfer.

There is also a 20% commission, as found in the Terms and Conditions. This is not at all explained as to its application.

As sleeper account fee of 10% per month is applied to any account that has not been active for more than 6 months.

Bonuses have to be trade with at least 25 times in order to get withdrawn.

We were wondering if were were going to see this clause, the Non-Deposited Funds one. Basically, with this is place, users cannot withdraw their profits from trading.

The limited liability provision states that the broker is not responsible for any losses the user experiences.

In connection to this, all claims against Finansa will be void after 12 months.

The company can close down any account for whatever reason it wants. or for no reason at all!

How does the scam work?

Scam operations are a serious business involving lots of resources, including international call centers and the so called robo scam websites like Crypto Revolt and Bitcoin Evolution, that are especially designed to trap careless traders. If you stumble across one of those anonymous robo- scam websites, basically you will be greeted by a very well shot video add and some incredibly lucrative offer for fast and easy returns, of course completely risk free, in exchange of a small investment.

And if you are interested, in the beginning you will be asked for nothing more than your e-mail and phone. Than, if you fill the registration form you will be transferred to the web page of the real scammers – an offshore broker, where you will have to deposit your first 250 USD.

In the beginning trading with a scam account might seem like a lot of fun – you will be overwhelmed by trading signals and advises by your “account manager” – both by phone and e-mail – and all your deals will seem successful and amazingly profitable. That however will be just a part of the scam. All deals will be manipulated, because the goal of the scammers will be to trick you to invest a larger sum.

And about the same time you will receive yet another phone call, this time by a “senior account manager”, who will basically explain you that if you really want to make some decent cash, you will surely have to invest more – at least 10 000 USD or so.

Now, take a note that you may never realize that you have been scammed unless you request to withdraw some of your funds. Than it will suddenly turn out this is not possible, because you have not fulfilled the withdraw conditions you have agreed with, when you received your trading bonus – usually some minimum trade volume requirement. Whatever the excuse, the bottom line will always be the same – your withdraw requests will be canceled, all your positions will suddenly turn red and in no time all the funds in your account will evaporate.

What to do if scammed?

Though there is not much you can do in case you have fallen victim of a scam, immediately file for a charge back with your credit card provider. Fortunately both VISA and MasterCard accept charge back requests within 540 days.

And be sure not to send scammers copies of your ID and a proof of address (an electricity bill for example). If you have send them such private information freely, they will have a much stronger case, when you file your charge back request.

And if by any chance scammers have tricked you in to telling them your credit card number or online banking password, immediately change the password and cancel your credit card.

And be sure to avoid the so called recovery agencies. They will not recover you any of your funds, but will simply charge you some upfront fee and leave you even more miserable.

Rich Snippet Data
Review Date
Reviewed Broker
Broker Rating

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  1. They are scammer, they r the same as, scammed me about 14,000 and they closed the site. I guess that they open another new one. I try to sign up and see. They use the exactly same look.

    1. Why there is noone kill all of them. Why let them stay alive for scamming people?

      1. Vicky, the problem is that they are scamming people – us, because we just LET THEM do so! Until people realise they should not trust ANYONE just like that – we will scammed, fooled, decieved Forever. No matter how highly educated you are, f.e. I let them rob me – or better GAVE THEM IN MY naivity over 50,000USD (my life savings!). Ask me why and all I can say is this: I have undergone their process in detail, felt suspisions, seen their mistakes but continued, as if crazy. Being such a naive and trustful person as I am it makes them easier to rob you even for the last penny (cent). But the important point is I HAVE LEARNED MY LESSON and ironically enough, my knowledge about people on this small planet has grown, for a price, of course! Silvia

        1. Pauline Argondizza

          I have been stupidly naive and lost £16,000 plus when a man called Danny Joe Ray phoned to help me get my money back because my trader had basically left the company with lots of clients money.
          Yes, I did allow him to come on to my computer and he told me he had managed to retrieve $11,000, but I did not realize that he had taken £2,650 from my TSB current account and credit account which has put me into even more debt. He won’t answer his phone or reply to my texts and the email addresses on the website don’t work. It is impossible to find out why my withdrawal is still pending.
          They don’t care who they scam. I am mentally and physically disabled but they don’t care and I have no way of paying back all the debt on my credit cards. It will take me about 15 years.
          Don’t trust anyone!!!!!

  2. On a recent cold call, they claimed to be regulated by the FCA, which is utter nonsense – it is, without doubt, a scam.

    They obtained my details via another scam website call Bitcoin Era – I have now received in excess of 100 calls over the past week from various of these companies (which all appear to be linked). All of them are calling from UK numbers – London, Birmingham, Leeds, Manchester, Cardiff etc, however, when questioned they are based in the less regulated parts of Eastern Europe.

    Fortunately, I did not invest and, for my part, now respond to the cold calls with inappropriate person questions, which seem to do the trick (- as requests for them to stop calling are ignored and met with more hard sell questions).

  3. Caught up in bitcoin evolution. I registered out of curiosity and immediately I was redirected to the “deposit” funds page of a broker called finansa. I found it weird and no other info was available in the account section, I left it there and I received a call within minutes.I answered, the lady explained to me that to activate the account I needed to deposit 250€, I said that I would have a look at it later and she became pushy. Call closed. In the next hour I received many more calls, and when I finally picked up and asked to be removed by their contact list, this broker started to insist knowing the reasons why I did not trust them. He showed me on the website how they were regulated by many bodies (even more suspicious than not being regulated) and I said I just changed my mind and wanted to be removed, a senior started to talk to me again same soup, why I did not want to invest and so on. I had to be rude and tell them to delete my number and I hung up blocking. Surely I will receive many more calls. I would normally not giving my real mobile but with trading platform and 2 system authentication I need to give out the real one…. Such a mistake! Avoid please

  4. Do not get involved with this company. I fell for it and deposited tbe money. I have asked for my money back as changed my mind and guess what, I am being ignored completely. No one is answering my e-mails now. I am gutted . Please please do not fall for this scam

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