Finacademy Review and Website Analysis

Not all companies that offer trading education can be trusted. Among such firms, there are many scammers operating under various illegal schemes. You are in the Finacademy review, where you will learn whether it is worth buying trading courses here or if you should avoid wasting money as it might be another scam and a fraud.

Brief Overview

• 🖥Official Website: finacademy.io
• ✈️Contact Address: no
• 📞Customer Support: +441414060082, [email protected], [email protected], [email protected]
• 🔐Licensing and Accreditation: no
• ⏳Track Record: since 2018
• 🧰Specialization: trading education
• 🤝Terms of Cooperation: €215-€2,000
• 💰Additional Services: signals, trading room, webinars, e-books

Finacademy.io Examination

At first glance, the official website looks beautiful, impressive, and serious. You can see many sections with different information, the benefits of this company’s services, contacts, and two legal documents. However, once you study it in more detail, the initial positive impression turns negative.

The company reveals little about itself, and the services are presented without detailed descriptions. There is no legal address, nor is there any information about the company’s period of operation. Besides English, the site only supports Portuguese. It uses meaningless phrases and pseudo-motivational statements throughout. The organization openly tries to extract the user’s contact details or simply make them get in touch with its staff. Naturally, this is so that experienced managers can easily convince potential clients over the phone that they must buy their training courses.

Company Contacts

Firstly, it is worth noting the absence of an office address on the official website. Although this is not mandatory for an education company, as it can operate remotely, there should still be a registration, and thus a legal address. Secondly, the organization shares a British phone number, so it can be assumed that headquarters is located in England. Thirdly, besides the phone number, there are three email addresses and links to Facebook and YouTube.

However, the most interesting discovery was made when checking the contacts. It turns out that the provided email addresses do not exist. In other words, Finacademy listed fake contact details.

Key Conditions

The firm has developed many training courses for their clients:

1. Live online courses. There are 3 packages available. The better the package, the higher the level and more materials for the student. The minimum price is €215, and the maximum is €500.
2. Ultimate packages, also online. There are three tariffs ranging from €1,000 to €2,000.
3. Mentoring. One-on-one training with a company expert. There are also three tariffs with prices ranging from €10,000 to €20,000.

The training materials cover all topics related to trading and financial markets. For example, technical analysis, fundamental analysis, terminology, how to choose a broker, using indicators, creating a profitable strategy, and much more. It is worth noting that the training courses are not divided into specific directions, such as the stock market or forex, arbitrage or scalping, but cover all topics. However, the better the package, the more information is included. This is a red flag because it suggests the company is trying to extract more money from students.

Additionally, the company provides extra services: webinars, a live trading room, signals, an economic calendar, and e-books. The company is silent about its instructors. It is unknown who they are and whether they have the necessary experience and education.

Refunds are possible, but only within 14 days of purchase. The user agreement suggests writing to [email protected] with a valid reason for why the company should issue a refund. However, it is unlikely that your request will be considered because the provided email is fake.

Exposing Finacademy

The first question is: where is the company registered? In the section on personal mentoring, the jurisdiction is listed as Cyprus, and the phone number is from the United Kingdom. The registration number leads to the legal entity KINGSET HOLDINGS LTD, registered in 2016. There is a company with this name in the UK that appeared in 2023 but has the status “Confirmation statement overdue”. Overall, this looks very strange.

The second question is: when was the company founded? Judging by the social media accounts, it was no later than 2021, as that is when the social media accounts were registered. However, these accounts are abandoned and not maintained; the last video on YouTube was published two years ago, and the Telegram channel has been deleted. The Finacademy domain was registered in 2018 and last updated in 2024, indicating that the company is still active, but why did it stop maintaining its social media accounts? Snapshots from Webarchive show that in 2018, 2020, and 2021, there were already training services, signals, and other offerings.

All of this looks very suspicious. It gives the impression that the organization closed several times but then reopened. Additionally, the unclear aspects regarding the legal entity do not inspire full trust in the company.

What Reviews Do Users Leave?

There are reviews about Finacademy on the internet. There are not as many as one would like, but certain points can be identified. Firstly, there are clearly fake positive comments. Secondly, negative reviews mention people not receiving refunds. Additionally, comments mention a possible partner in the scam, the forex broker Alphafxc.

Conclusions

The firm appears very suspicious and does not inspire any trust. Genuine reviews show that clients are deceived, and refunds are not given. Furthermore, the company has stopped maintaining its social media accounts, is not popular, and the quality of its training material is highly questionable. It is not recommended to purchase courses here, as you may lose money and receive ineffective materials.

Pros/Cons

FAQ