Is it enough to only know the addresses of a brokerage company’s offices to trust it? No, because there should also be a license from serious regulators, as well as other facts. Finecsa either forgot to obtain regulation or doesn’t have it, despite having an office in Spain. There are very few reviews about the platform, so it is necessary to investigate whether such a company could be a scam.
Brief Overview
- 🖥Official Website: https://www.finecsa.com
- ✈️Contact Address: Avenida Diagonal 511-521, Barcelona, 08014, Spain
- 📞Customer Support: support@finecsa.com, +56232103517
- 🔐Licensing and Accreditation: –
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $500, 1:600
- 💰Additional Services: daily analysis, personal account manager
Finecsa.com Examination
As always, let’s begin by examining the appearance of the official website. The entire design feels sloppy and cheap, and the color scheme is completely mismatched. This also applies to images, which were simply taken from the internet, and not even carefully selected ones. Additionally, Finecsa completely ignores English-speaking users. It only supports Spanish and Portuguese languages. Strange, isn’t it? Even small companies try to cater to an international audience and offer an English interface to avoid alienating potential clients.
Another serious omission is the lack of an “About Us” section or a similar page where the company shares information about itself, its history, and its licenses. None of that is present. The website doesn’t provide any details about who is behind the platform, whether it has a license, or when the company was founded.
At the same time, the homepage features awards, such as “Best Trading Experience 2021”, but there are no links or other forms of proof. Anyone can make up an award and display it on their official site, but confirmations are also necessary. In general, Finecsa has created a template website that lacks important information, filled with pompous and meaningless motivational phrases, and generic images taken from the internet rather than created by the broker itself.
Company Contacts
Firstly, the website lacks a live chat feature, which is standard among reputable brokers. All interaction with clients is limited to phone numbers and email. Secondly, for an international broker, it’s important to be accessible through more communication channels, including messengers and social media. However, Finecsa does not have accounts on social networks. Many well-known companies in the industry, such as eToro or IG, actively use their social media to engage with clients, but this is not the case here.
Key Conditions
Finecsa offers trading in major asset classes: forex, commodities, stocks, indices, metals, and cryptocurrencies. These are all CFDs, with no spot or futures trading available. The trading conditions depend on the selected tariff plan, of which there are three options:
- Basic. The minimum deposit is $500.
- Standard. From $5,000.
- Premium. More than $10,000.
The initial deposit amount is quite large. $500 is a lot, especially for beginners who are not ready to risk such an amount, as the likelihood of losing it is very high. Finecsa does not offer a cent account, where trading is done in cents rather than dollars. A demo account is also not mentioned on the official website. By the way, in the FAQ section, the minimum amount is listed as $250, but what’s the point of investing less than $500 if trading still won’t be possible? The company provides contradictory information.
However, what looks even more suspicious are hidden commissions and spreads that are not explicitly disclosed. Although the website states that the spread is floating, no one clarifies what range it might fluctuate within. Traders need to know what costs they will encounter. For example, well-known brokers like eToro or IG have fixed spreads, clearly outlined in their documentation, which reduces risks for clients.
There is also a clear attempt to “squeeze” as much money as possible from clients. Higher-tier plans (Standard and Premium) offer additional services, such as a personal account manager, which might be useful for more experienced traders. However, it’s important to remember that in reality, this service may not meet expectations. Finecsa does not provide any examples of how this personal manager can be useful or what assistance they offer.
Exposing Finecsa
So far, everything looks very suspicious, but not enough to call the company a scam or, on the other hand, to conclude that it is safe. For that, in our review, we need to check the broker’s legitimate status, and its operating history, and perhaps find more red flags.
Finecsa shares the address of its office in Spain. Additionally, in the footer, the legal entity Nomura Capital LTD is listed, alongside Saint Lucia. We checked the Saint Lucia registry and can confirm that such an organization exists there. Then we checked the registry of legal entities in Spain — opendata.registradores.org. However, our subject is not listed there. We even tried to find Nomura Capital LTD — it is not registered either.
It turns out that the Spanish address is fake. Moreover, the company says nothing about licenses. Although this is quite logical. If the platform is not legally registered, it cannot obtain a license. There’s no point in checking financial commission registries, such as CNMV, because Finecsa is not listed there either. This broker is operating illegally, but what’s worse, it provides fake information.
What about the length of operation? How long has the platform been conducting its illegal activities? The founding date is also ignored on the official website finecsa.com. Alright, then let’s check the Whois service to find out the domain registration date. The domain was created in 2019, but judging by snapshots from WebArchive, the brokerage platform didn’t exist on it until 2024. For example, in March 2024, the web page for the domain contained no content other than the cgi-bin folder. This could mean that the website was either not launched yet, was under development, or was temporarily offline.
The firm hasn’t been operating for even a year, so they can’t call themselves a popular broker. Now, adding the fake Spanish address and the lack of a license, it becomes clear that this is a fraudulent platform that should never be trusted with money.
What Reviews Do Users Leave?
The first reviews about Finecsa began appearing in December 2024, confirming the short duration of the platform’s operation. There aren’t many comments, but most are complaints and negative reviews. People detail their issues with accounts and withdrawing funds from the broker. There’s just too much negativity surrounding the company, and that’s not surprising at all.
Conclusions
There’s no Spanish office, nor any legitimate or safe operations. It’s all lies and attempts to extract money from trusting traders through promises of guaranteed reliability and favorable conditions. This fraudulent company is no different from hundreds of thousands of other pseudo-brokers. We recommend not trading with Finecsa, as it will only lead to losses.
Pros/Cons
- The email listed does exist.
- Fake address in Spain.
- No licenses from regulators.
- The period of operation is less than a year.
- Many complaints and negative reviews on the Internet.
- Key trading conditions are unknown.
I’ve requested a withdrawal several times from finecsa.com, but they just make excuses, saying they can’t contact me, even though they used to always call and respond to emails. I filed a complaint, but got no results, and now I’m planning to contact the authorities. I was in touch with two analysts who promised everything would be fine, but it was all lies. Don’t invest money in this company; it’s a complete scam! I invested $500, and after two weeks, only $250 was left in my account, if they even return that money.
This is awful! The scammers are deceiving people, and new clients continue to register with this fake broker and deposit money. People, wake up, these are fraudsters, they will steal your money. Under no circumstances should you trade here. Many people have already lost their deposits with this fake and scam.