Just because a broker promises top-tier conditions, a modern platform with its own mobile app, and even talks about having a license, does not mean you should trust it with your deposit. In today’s Fintana review, we are looking at a company that has been operating for several years but still has not gained a good reputation among traders. Why? Could it be a scam? Let’s find out.
Brief Overview
- 🖥Official Website: https://www.fintana.com/en/
- ✈️Contact Address: 6th Floor, Tower 1, Nexteracom Building, Ebene, Mauritius
- 📞Customer Support: support@fintana.com, +447701421540
- 🔐Licensing and Accreditation: MFSC
- ⏳Track Record: 2023
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:400
- 💰Additional Services: trading central, chart analysis, e-books, signals
Fintana.com Examination
The website is designed using a standard mid-tier broker template: large headlines, clichés like “Trade Smart”, and lots of colorful icons (Tesla, Bitcoin, and Apple). All of it creates a sense of tech-savviness, but delivers very little actual information.
The legal section is buried at the bottom in the small print. It states that the company is registered in Mauritius and belongs to the same group as Cyprus-based IGM Forex Ltd. Fintana does not serve clients from Russia, the EU, the U.S., and other jurisdictions, but this is mentioned only in a small disclaimer in the website footer.
Almost all of the website text is pure marketing jargon: “Cutting-edge technologies”, “Trading made simple”, and “Trade with confidence”. Sections like “Our Vision” and “What Drives Us” are filled with vague, generic phrases without any mention of specific facts, people, experiences, or achievements.
The official website looks somewhat unique at first glance, but in several places strongly resembles shady and fraudulent platforms — especially in the overused slogans, pseudo-benefits, and stock images pulled from the internet.
Company Contacts
Fintana offers multiple ways to communicate with their representatives:
- Email.
- Phone.
- Online chat.
- Social media.
The main phone number uses a UK country code (+44), and there are additional numbers for specific languages — Italian, French, Brazilian Portuguese, and others. There is also email support, not just for technical issues but also for complaints. The live chat response times are quite slow, and their social media presence is weak, with very few followers and low engagement. For example, their Twitter account has no posts at all. So what is the point of having it?
Key Conditions
Fintana offers access to over 160 CFD instruments, including currency pairs, cryptocurrencies, stocks, indices, and commodities. According to the website, trading is carried out via a proprietary online platform and mobile app. Leverage goes up to 1:400; negative balance protection is included, and a demo account is available.
The minimum deposit is $250 — typical for high-risk and questionable companies. At the same time, deposit requirements for the five account types are not clearly listed. As expected, the more premium the account, the more favorable the conditions.
The broker also claims to offer additional services such as an education center, Trading Central, e-books, trading signals, an economic calendar, a glossary, and risk management tools. Overall, nothing particularly unique or impressive. There is nothing outright wrong with these offerings, but calling them outstanding or highly beneficial would be a stretch.
Exposing Fintana
Let’s break down the company’s operations to determine whether it can be trusted with a deposit. First of all, the platform has only been around for a short time. So, how long has the broker actually existed? We checked the MFSC registry and found that the organization obtained its license in 2023. According to WHOIS data, the domain was last updated on October 4, 2023, which usually signals a change of ownership and the launch of a new project. This is indeed the case: Webarchive snapshots confirm that prior to 2023, the domain was listed for sale.
Fintana is regulated by the Financial Services Commission of Mauritius (FSC), under license number GB23201338. However, it’s important to understand that the MFSC is an offshore, second-tier regulator that does not provide client protection, a compensation fund, or real oversight of broker activities. Such regulatory setups are commonly used by semi-legal or questionable brokers that either cannot or choose not to obtain licenses from top-tier regulators like the FCA (UK), CySEC (Cyprus), or ASIC (Australia).
In reality, an FSC license is just a “legal wrapper” used to create an illusion of legitimacy. Clients remain unprotected, and the broker can vanish with client funds at any moment without consequences.
The company also claims to be part of the same group as IGM Forex Ltd, a CySEC-regulated Cyprus broker (license 309/16). However, there is no legal or factual evidence of any connection between this broker and IGM Forex. There are no joint statements, no mentions on IGM’s official website, and no records in the Cypriot registry. All signs suggest that Fintana is simply borrowing the name and license of another firm to appear credible. This is a common tactic among scam operations — using the identity of a licensed entity they have no affiliation with.
Fintana does not provide access to real interbank liquidity. All indications suggest it operates as a 100% dealing desk (B-Book), meaning client trades are not routed to external markets but are kept in-house. In practice, this means:
- When the client loses money, the platform profits.
- When the client makes money, the platform loses.
In other words, there is a direct conflict of interest between the trader and Fintana. With this type of model, the broker is incentivized to make clients lose their deposits quickly or prevent them from withdrawing profits altogether.
What Reviews Do Users Leave?
The company has carried out a successful campaign to present itself as a serious, profitable, and popular brokerage service. However, the majority of positive reviews about Fintana are fake. Why? Because they consist of vague, generic praise, claiming it is “the best broker”, with “great conditions”, and “a positive experience”, but offer no real evidence. There is not a single confirmed case of consistent withdrawals or traders actually making money. As a result, the platform may seem reliable at first glance, but that is far from the truth.
Conclusions
At first, the broker looked decent: a polished official website, standard trading conditions, and multilingual customer support. However, there are major issues with its reliability. There is no strong regulation, no long-standing track record, and no security guarantees. On top of that, Fintana pays for fake positive reviews, which is a serious red flag. For these reasons, we strongly recommend against risking your money by opening an account with this platform.
Pros/Cons
- The company specifies all trading conditions.
- There is a demo account.
- The license from the MFSC is frivolous and there is no other regulation.
- The business model with conflict of interest.
- Term of operation starting in 2023.
- Fake positive reviews.
There is nothing good I can say about this platform. I traded with them last year, and lasted exactly one week. After constant frustration, I left and moved to another broker. I was fed up with the constant lagging and massive spreads. Their terminal would freeze regularly, forcing me to restart it, and I lost money because of it. Trading under these conditions is IMPOSSIBLE. Look elsewhere. This broker will do everything to make sure you do not earn a single cent.
If you are not afraid to risk your money, go ahead and trade here. But I recommend avoiding the risk and choosing a licensed company instead. THERE ARE NO GUARANTEES. At any moment, you could face blocked access and denied withdrawals. This company strongly resembles a fake and a scam.
No proper regulation, a flood of fake positive reviews, and a short operating history? No, thank you. I am not giving my money to scammers. Fintana is clearly running a scam operation.