Item: Finiko
Rating: 1.49

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8.41

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Official website

Website

finiko.world

Server Location

Russia
Most visited countries/areas

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Website Domain Name

finiko.world
ICP registration

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Website

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Company

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Domain Effective Date

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Server IP

87.236.16.73

Genealogy

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Relevant Enterprises

Company name	Related sources	Registration No.	Established
FINIKO, LLC(Maine (United States)) Deregistered United States	Website Announcement	20113305DC	2020-06-11

Company Summary

Note: Finiko's official website: https://www.finiko.world is currently inaccessible normally.

Finiko Information

Finiko Company Limited is an unregulated brokerage company registered in Russia.

Is Finiko Legit？

Finiko currently lacks valid regulation. This means that the broker is not a safe forex broker, instead, you can choose regulated brokers.

Downsides of Finiko

Unavailable Website

Finiko's official website is currently inaccessible. We can not get first-hand information from its website.

Lack of Transparency

There is a notable lack of information about Finiko available online.

Regulatory Concerns

Finiko currently operates without valid regulatory oversight. Its safety and legitimacy are doubtful.

Withdrawal Difficulty

According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals.

Contact Difficulty

According to a report on WikiFX, when a user contacted customer support they didn't want to give the account manager's email address.

Negative Finiko Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there are 3 pieces of Finiko exposure in total. I will introduce 2 of them.

Exposure 1. Withdrawals and contact difficulty

Classification	Others
Date	2023-02-22
Post Country	United Kingdom

You may visit: https://www.wikifx.com/en/comments/detail/Co202302225451962281.html

Exposure 2. Cannot withdraw

Classification	Unable to Withdraw
Date	2021-12-17
Post Country	Argentina

You may visit: https://www.wikifx.com/en/comments/detail/202112168562171651.html

Conclusion

Trading with Finiko may pose security risks as they lacks valid regulation. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investment. When selecting a trading platform, prioritize those supervised by recognized regulatory bodies for enhanced security and peace of mind.

Keywords

2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

News

News WIKIFX REPORT: Finiko: founder Doronin testifies against 44 accomplices

Finiko, Russia's most recent crypto-ponzi, has seen significant advancements. Kirill Doronin, the company's founder, has agreed to testify against 44 accomplices who reportedly disobeyed his order to only take cryptocurrency investments.

2022-06-09 14:40

News WIKIFX REPORT: Russians lose millions as Finiko pyramid scheme collapses

Many people link Russia's big financial pyramid schemes with the 1990s and the financial Wild West that followed the Soviet Union's demise. They are, nevertheless, still alive and well today. The Finiko pyramid fraud was busted recently, and its founder, Kirill Doronin, was arrested. The scandal, which began in 2018, defrauded Russians of over $100 million.

2022-06-09 13:55

News $100M BTC Ponzi scheme Finiko founder arrested in Russia

The founder of one of Russia’s largest cryptocurrency scams to date is behind bars, and his accomplices are being sought by Russian authorities. Moscow police arrested Kirill Doronin on charges of allegedly defrauding $100 million from his investors, although some reports purport the figure could be over $1 billion.

2022-02-22 12:09