FinMarket is one of the leading companies in the world of forex. They have many faithful clients and a very good reputation among traders. Although all this seems fine, we decided to conduct a little investigation to see if they are really legit. In this “Is FinMarket a Scam?” analysis, you can check out if the broker is regulated by any financial regulatory body and examine the ways this company protects money and data. Read our first-hand analysis and get informed!
Is FinMarket a Scam? | Regulation
Let’s start with the most important security feature, i.e. regulation. If you want to be completely sure that a broker is legit, you should always check if it’s regulated. This will show you if an independent institution has deemed a company reliable, so a licence will prove that you have nothing to worry about.
Luckily, with FinMarket everything checks out. The company is regulated by CySEC – Cyprus Securities and Exchange Commission. This agency makes sure that companies under its care comply with the monetary regulation of the European Union. In other words, you can be sure that FinMarket does its business in full compliance with the strict European laws. A big plus for the broker, no doubt about that
In the next paragraph of our “Is FinMarket a Scam?” analysis, you can check out how exactly this broker keeps your money safe, so keep reading!
Is FinMarket a Scam? | Data and Money Protection
As we already mentioned in our in-depth FinMarket Review 2018, the broker uses various safety measures in order to keep your data and money safe and sound. First of all, the company uses secure sockets layer system that protects all the information you disclose during your transactions. Besides that, Level 1 PCI handles all payments here, which guarantees the safety of international payments. Furthermore, all trading servers are located in SAS 70 certified centers.
If you’re still wondering is FinMarket a scam, we’d also like to mention that the clients’ funds are held in segregated accounts. When you deposit funds to your account, they are always managed separately from the brokerage’s operating and trading costs. Besides that, the company will maintain accurate and authentic verification of your personal data and this information will be used only for the purpose of compliance with international anti-money laundering laws.
Is FinMarket a Scam? | Conclusion
After examining everything, we are pretty sure that the answer to the question “Is FinMarket a Scam?” negative. First of all, the company is regulated by CySEC, meaning they comply with the monetary laws of European Union. Besides that, FinMarket holds clients’ money in separated accounts, so you can be completely sure your money is safe. As for the data, all of the data transactions between clients and the broker are encrypted and protected by SSL system. After all that, we can only advise you to open an account with FinMarket and start trading today!