Brief Look at FinFx
The Finnish ECN broker FinFX (Oy FinFX Ltd)—founded in 2010 and regulated by the FIN-FSA—ceased operations after being forced to wind down its business due to an increasingly stringent regulatory environment. The platform had been popular among international traders thanks to its use of Straight-Through Processing (STP) and integration with the MetaTrader 4 terminal. However, the brand’s decline reached a critical point when tighter European regulations on financial intermediation made operating directly from the Finnish jurisdiction unprofitable. Consequently, the company announced the complete closure of its operations and the transfer of its client base to the Cyprus-based entity Best Choice FBC Ltd (regulated by CySEC). This transition period led to protracted issues: investors faced forced account conversions, withdrawal delays, and bureaucratic hurdles imposed by the new operator.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
Articles that may help you
Check out our reviews of other companies as well
