Read our Finansa review carefully to see why we do NOT recommend this broker for trading. Just to clear any suspicions this is a finansa.co review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Finansa is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Finansa in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
Finansa Review Conclusions
Making the Finansa review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Finansa review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Your emailaddress is unknown.
I read your article regarding Finansa.io. Thank you for your helpful advice.
The situation is new to me and I would like to ask if I have any hope of getting my money back.
I will try to briefly explain what I have done.
In December, I lost about € 1,000 to Btctrading Broker. I was going to stop trading and withdraw everything, but my agent persuaded me to trade once more. Of course, she made a deal that in 10 minutes I had lost everything. That, of course, was my fault, but when they called me from Finansa, and told that they can get this money back, I agreed to invest 250. After a long silence this george called me and said he would get the job done. He asked me to start Anydesk and then he made 280 investments on my card and when the bank required me to clear the transaction, I refused. He had to deliver me money and not me for him. He said this is just a test of whether the connection to the bank works. I acknowledged the incident but when he made another transfer of 500, I disconnected and did the withdraw for 530. Then I got email:
we accepted the request for withdrawal.
in order to complete the process, there are several steps you need to take according to polices of the market and company.
when you opened an account the company gave you budget (margin+leverage). the place in the financial market cost to the company
500$ and gave you Credit of 250$.
if the contract will be stopped from the side of the client, the fees of some services should be paid.
1. fees for the account manager – 10% (if you have profits).
2. fees to the mediator bank – 8%.
3 500$ for the place in the market .
4.if you don’t have all the docs you need to complete and to send everything on support’s email.
5. 250$ credit that you owe to the company.
if you have any questions regarding the payment send here email and your account manager will answer.
thank you.
Do I have any hope about 280€.
Regards
Turo Niemi
After that I got calls from Finansa George Hunter, Bryan Ross, Finansa/Blockchain James Miller and Rick Peters.
All the genlemen promised me my money back, but all the same I paid 780€ more. this happened in June 2020. August 21 Rick Peters send me an email:
Hi Turo,
This is Rick Peters (Top-Senior Broker) from Finansa . I’ve noticed on your account here that there has been no activity for quite a while now.
These junior brokers of mine have proved to be incompetent, which is why I decided to let them go.
I’d appreciate your prompt feedback regarding how you would want to proceed with your Finansa account.
Also keep in mind that due to the Pandemic, lots of Traders lost their funds on the market, this is why the government has processed a “Relief funds” program to compensate all active Traders.
This means you will also be receiving an additional amount of funds directly from the government into your trading account.
Please advise on a convenient time to call, so we can process your withdrawal request within this time-frame. Until we speak.
Waiting to hear from you.
Rick Peters
Top Senior Broker
Finansa .io
And the 6. of november I got Calls and Emails from Caroline Read at Finansa. She and her collegue Who pretend to be Danny Joe Ray (https://brokercheck.finra.org/individual/summary/2397489)
Bryan Ross and Rick Peters are not working with us anymore because of that.
They are facing charges, and might face some Jail Time. we are monitoring every call, and we had found some illegal activities, for that reason they got fired and will be facing JAIL.
They never actually did any reveresal transaction, otherwise you would not be losing any money. because with reverse transaction money doesn’t leave the bank account. It simply verifies you and inside you are liquid.
Once it is done, you can get any amount you have put from your card, so it will not be only 1300 USD but whatever you have invested the full amount. That’s why we were doing it for 3000 EUR because, I am not just sending you the balance that you have on finances, but the whole amount you have been charged with.
And I understand your experience was pretty bad because those two people, they were partners, and they are going to jail because of that. And I took every client they worked with and doing withdrawals to every one of them, because the company is not allowed to keep this money, as it was not invested with your permission.
“Caroline.read”
Financial Expert
Website : finansa .io
Address : Suite 305, Griffith Corporate Center
P.O. Box 1510, Beachmont, Kingstown
St. Vincent and the Grenadines
Phone : +442036701221
And they tried to take all the 3000, I had on my bankaccount through the Binance wallet. I contacted Binance support and asked about this Reverse Transaction, but they did not understood my question and suspected a scam. So I disconnected.
Today called a woman from followise-co.com and promised to get my money from Finansa, but I did not trust her either, because followise was unknown to Personal Reviews.