Beware! Financeiro Trader 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.


If the Financeiro Trader website is to be believed, this is an established forex broker serving millions of satisfied clients worldwide. But this bare-bones website decorated with stock images gives us many reasons to doubt even at first glance. Fact checking leaves no doubt that Financeiro Trader is not what it claims to be but yet another scam. In this review, we will show you how to identify such scams and point you towards more credible investment intermediaries.

Financeiro Trader Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Financeiro Trader
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The most obvious problem with Financeiro Trader is that this alleged broker is completely anonymous. Nowhere on the website or in the Terms and Conditions is a company name given, nor is a contact address provided.

Legitimate forex brokers provide clear and detailed information about the legal entity that owns and operates them, where it is based, what licences it has and which regulators oversee its activities. Lack of such details or improper presentation of them are always a red flag that we are probably dealing with a scam.

The Terms and Conditions refer to the laws of Estonia and the United Kingdom. However, in these jurisdictions there is no registered broker using the Financeiro Trader trade name and domain. In fact, the UK financial authorities have blacklisted the website because it is illegally imitating a licensed company – Finance And Currency Limited. Financeiro Trader is a scam known as a clone.

Under no circumstances should you trust your money to such anonymous websites full of false and contradictory information. Instead, you can turn to one of the many companies that really work under the supervision of respected regulatory bodies like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK.

As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.

Financeiro Trader Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Financeiro Trader platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

After account registration we get access to a web-based trading platform. It should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers use rigged trading software to fool their victims that their money is being invested.

While the platform has the basic features for placing orders, customising charts and application of technical indicators, it lacks the more advanced functionality found in the most widely used trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Financeiro Trader Trading instruments

Financeiro Trader
FP MarketsYesYesYesYesYes

Financeiro Trader claims to offer trading in over 250 financial instruments including currencies, stocks, commodities and cryptocurrencies. But as stated, this trading is fictitious. If you want to invest in the financial markets it is wise to do so through a licensed broker.

Financeiro Trader Spreads and cost of trading

Financeiro TraderXMFP MarketsOcta
Spread EURUSD30.61.20.9
Spread GBPUSD31.31.5x
Spread USDJPY31.31.5x

Financeiro Trader advertises a spread of 2.5-3 pips for a starter account. This level is double the industry average and is very unprofitable for the trader. In addition, it is unclear whether Financeiro Trader charges additional commissions.

Financeiro Trader Maximum leverage

Financeiro Trader 400:1100:110:1100:1100:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

Financeiro Trader advertises leverage between 1:200 and 1:400. These ratios are significantly higher than the EU and UK permits. So this is further proof that this broker is not regulated.

Trading with high leverage allows higher profits, but also increases the risk of sudden and excessive losses proportionally. All leading regulators limit leverage for retail traders. Higher levels of leverage are only offered to professional clients who trade entirely at their own risk.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

Financeiro Trader Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Credit cardInstant24 hoursFree
PayPal1 hour24 hours2%
Skrill1 hour24 hours2%
Neteller1 hour24 hours2%
Crypto24 hours24 hoursFee depends on crypto

Financeiro Trader does not have a functioning deposit menu. When you request a deposit, you will receive a message that an account manager will contact you.

Experience has shown that fraudsters direct their potential victims to cryptocurrency transactions that do not allow refunds to be requested. Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

Financeiro Trader Minimum deposit

Financeiro TraderXMFP MarketsOcta
Minimum deposit$5000$5$100$100

Financeiro Trader requires a minimum deposit of 5,000 USD. This amount is literally a hundred to a thousand times higher than the minimum deposit required by some of the industry’s leading brands.

Financeiro Trader Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Financeiro Trader Not specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The Terms and Conditions state that if a client withdraws more than 20% of their profits or closes their account, will be required to pay Management fees, Swap fees and Liquidity provider fees. The amount of these fees is not specified.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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