Is Fingeko a Scam? The Facts You Need to Know

The dealer offers CFD platform services with a standard pool of financial instruments. Additionally, it advertises bonus offers, arbitration, and educational materials. Trading is conducted via a browser-based trading platform. The trust level in the company is minimal, leading to predominantly negative reviews. Let us examine whether fingeko.com is a scam.

Company Highlights

Key Fingeko Trading Features

Fingeko promotes partnership through multiple account types. Users can register under one of the following accounts: Basic, Silver, Gold, Platinum, and Premium. These accounts differ in terms of additional services, as well as the initial deposit and leverage levels. One of the notable drawbacks is the lack of specific details regarding the terms of cooperation and useful features, even for the Premium account, which requires a minimum deposit of $500,000. Below, we will analyze the main trading conditions in more detail.

Upon account registration, the minimum deposit starts at $250 but can exceed $250,000 in some cases. To access basic services and privileges, a deposit of at least $10,000 is required. A demo account is not supported, unlike regulated brokers with high trust levels (only a partial trial account is available in the terminal). Furthermore, most services can only be “purchased” by depositing more funds and negotiating individual cooperation terms.

Leverage on the platform ranges from 1:5 to 1:50. This feature is the only advantage of the fraudulent broker, as CFD intermediaries often deliberately increase margin requirements. However, in practice, the leverage level may vary due to software flaws and reliance on browser-based functionality.

Details on spreads remain undisclosed, as do specifics regarding trading commissions. The intermediary’s managers use phrases such as “Lower spreads and commissions” as a deceptive tactic. There is no information on stop-out levels or the mandatory negative balance protection feature.

One of the fundamental drawbacks of these trading conditions is the possibility for significant losses. Moreover, the company’s employees conceal details about the spreads, and the website’s informational content is minimal. The risks associated with contracts for difference (CFDs) must also not be overlooked, which we will discuss further.

Overview of Available Trading Instruments

Fingeko refrains from disclosing details regarding the exact selection of financial instruments. While the company makes general claims about “traditional assets,” specific information about the number of available assets remains undisclosed. However, it has been determined that the following assets are available: currency pairs, cryptocurrencies, commodities, and indices.

The primary focus is on contracts for difference (CFDs). It is important to note that trading CFDs involves significant risks, with the likelihood of an unprofitable transaction exceeding 85%. The use of CFDs is typical for fraudulent services with a bad reputation in the market.

Fingeko.com Trading Platform Analysis

The administration of the CFD intermediary Fingeko conceals actual information about its trading software. Based on reviews and real user experience, it is evident that the platform operates via a browser-based terminal. Clients trade using WebTrader, which presents specific issues.

Trades can only be executed through the desktop version, meaning there are no download links for a mobile application. The interface includes only basic elements such as an order book, trade history, and a central chart with asset quotes. Indicators, oscillators, and strategies are not supported, nor is the stop-out function.

The primary disadvantage of this terminal is the potential for trade manipulation. As a result, concerns arise regarding liquidity levels and the accuracy of asset quotes. Software stability issues have also been reported.

Additional Services

Fingeko offers additional services within specific accounts. One of the primary features is educational materials and webinars for beginners. However, in reality, clients are unable to access such resources. The company also promotes personalized customer support and manager assistance.

A key promotional aspect is its bonus model, promising deposit increases of 10% to 25%. However, the highest privileges are granted only to those who deposit at least $250,000. Other advertised features include arbitration options, investment plans, and access to ICOs.

Nonetheless, no mentions of an affiliate program exist. There is no referral system with privileges or loyalty levels. Additionally, users cannot enter a promo code during registration.

Fee Structure. Are You Paying More Than You Should?

Fingeko continues its opaque approach by withholding details about commissions and trading processes. For example, in the account description table, the phrase “Lower commissions” is used without specifics. The “Terms and Conditions” document also lacks information on commissions for executing trades. Given the CFD model, traders may incur significant losses over multiple trading sessions.

Deposit and withdrawal transactions are also subject to fees, depending not only on the payment method but also on the withdrawal amount. For instance, withdrawals exceeding 20% of profits incur a mandatory fee. Additionally, users must meet bonus conditions before withdrawal requests are processed. Penalties for account inactivity are not disclosed, but this does not necessarily mean that such sanctions do not exist.

Legitimacy of Fingeko

The broker is not licensed by European regulators or the UK Financial Conduct Authority (FCA). It also lacks approval from offshore oversight bodies that commonly collaborate with CFD brokers. Accordingly, links to regulatory registers are not published on the official website.

The listed address for legal registration and the headquarters is misleading. The firm falsely claims to have an office in New York, but no official dealing center exists at that location. The project’s founders have simply provided a random address to deceive clients. Moreover, the US address is extremely strange in itself, since CFD trading is banned in the United States.

The Broker’s Past and Present

Fingeko portrays itself as a reliable intermediary with over four years of market experience. However, such claims come solely from the company’s administration and biased reviews. In reality, the firm was established in early 2025, as confirmed through a Whois database search.

Conclusion

We strongly advise against engaging with the Fingeko. The intermediary is not licensed by a Tier-1 supervisory commission. The risk of losing invested funds is extremely high, as is the likelihood of account blocking. Trading conditions are unprofitable, and the platform’s software quality is subpar.

Weighing the Pros and Cons

Common Questions