Scammers come up with various ways to deceive people in order to steal their money. For example, there is a type of fraud where you are offered supposedly effective training courses, but upon payment, you receive either a worthless product or nothing at all. Welcome to the Finademi review, where we will examine one such company selling trading training courses. The main goal is to determine whether the company is fraudulent or not.
Brief Overview
- 🖥Official Website: finademi.com
- ✈️Contact Address: Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands
- 📞Customer Support: [email protected]
- 🔐Licensing and Accreditation: no
- ⏳Track Record: since 2023
- 🧰Specialization: trading education
- 🤝Terms of Cooperation: €250-€25,000
- 💰Additional Services: no
Finademi.com Examination
The company used the most standard template to create its official website. It is a typical one-page resource with minimal information and uses images from free stock photos. The quality and usefulness of the site are zero, as it literally only describes the packages, some training conditions, and includes four legal documents, simply copied from elsewhere.
Where do they get such templates? For example, look at the website of a similar training company, TradeSmart (tradesmart.academy). It is just a copy, two identical resources with minimal differences.
Additionally, Finademi provides contact details and the name of the legal entity. The site supports not only English but also Brazilian Portuguese, Italian, and Spanish.
Company Contacts
To communicate with the managers, there is an online chat and an email option. Before using the online chat, you need to provide your name and email, and then submit messages for technical support. However, instead of continuing with immediate communication, the system responds with “Our support team will contact you soon”. In other words, this is not an online chat but a standard form for creating a feedback request. Quick contact with staff is not possible; you will have to wait a long time for them to respond by email.
Having a legal entity for an educational firm is not crucial but preferable. Finademi provides a legal address from the Marshall Islands. Indeed, there is a registered firm named Falcon Ltd, but more detailed information and comments on this aspect will be provided later.
The last point to note in this section is the absence of social media accounts. Currently, this is one of the best sources for acquiring new clients, but for some reason, the organization does not use it.
Key Conditions
Finademi employs a rather suspicious approach in offering its training courses. Instead of creating several options focused on specific topics, the company offers a range of tariffs with progressively increasing minimum amounts. The better the tariff, the more money you need to pay. A total of 10 packages have been developed with prices ranging from 250 euros to 25,000 euros. These include technical analysis, e-books, MT4 & MT5 tutorials, a glossary, high-probability profit setups, calendars, signals, market reviews and news, trend analysis, and more. The number of lessons ranges from 47 to 155, depending on the package.
Refunds are possible, but only within 90 days from the date of payment for the material, and only if the student has watched no more than 50% of the training materials in the Trading Essentials, Technical Trading, and Strategic Trading courses.
Exposing Finademi
Let’s examine the company for suspicious signs. Firstly, there is the legal entity Falcon LTD. Does it truly manage this firm? Or did the scammers literally take an existing organization and present its legal data as their own? Most likely, it is the latter. However, if Falcon LTD does have any relation to the training project, it does not provide any guarantees. Registering a company in the Marshall Islands is very simple, inexpensive, and can be done remotely. Offshore registration is more of a minus than a plus.
Secondly, the operating period, which is less than a year. Falcon LTD was registered on October 13, 2023. The domain of the official website also appeared in 2023. So, Finademi cannot boast any significant experience.
Thirdly, the company does not disclose detailed information about its instructors and founders. Who are these people? Do they have the necessary experience, education, or teaching licenses? What are the students’ successes, and are there any stories of successful earnings after the courses?
Fourthly, such an organization has many clones. One such clone was mentioned above. However, there are many more, and therefore, it is likely they all have the same owner.
What Reviews Do Users Leave?
Having reviews is an essential element, as they can be read to understand what to expect inside the training course. However, Finademi has almost no reviews on the internet. They are nearly impossible to find, despite the company claiming to have 500+ students on its official website, which is an outright lie. In reality, there are no students because no one risks buying courses from such an unverified company.
Conclusions
So, purchasing training courses from Finademi is not recommended, as there is a high likelihood of giving away money without receiving useful and effective materials in return. The company is one of dozens or even hundreds of created educational clones, has no internet reviews, and is not popular. The founders do not reveal their names, nor do the instructors.
Pros/Cons
- The website is translated into several languages.
- There are no reviews on the internet.
- No social media accounts.
- The company operates on the principle of extorting money.
- Cloned website.
- Short period of operation.
What a nightmare! Even in small matters, people get scammed! And they ask for almost 25,000 euros! For that amount of money, I should at least become as financially literate as Warren Buffett!