FINOWIZ Review: FCA Warning and Withdrawal Complaints Keep Coming

FINOWIZ, operated by Finowiz Fintech Limited, markets itself as a forex and CFD broker with MT5, multiple account types, and high leverage. Behind that image, a WikiFX score of 1.77, an active warning from the UK Financial Conduct Authority, and a cluster of user complaints tell a different story , one where traders consistently report being unable to withdraw their funds.

If you are considering funding an account, here is what the data shows.

Contents

01

Complaint Pattern: Withdrawals Blocked, Funds Stuck

02

Regulatory Warning: Public Told to Avoid This Firm

03

No Valid Forex Licence

04

Basic Information

05

Why the 1.77 Score Matters

06

Final Thoughts

Complaint Pattern: Withdrawals Blocked, Funds Stuck

Over the past year, users from India have filed repeated complaints describing the same experience: they deposit, trade, and then find the withdrawal door firmly shut.

One user, filing in March 2026, stated: “I am not getting withdrawal from Finowiz since last 3 months.”

Screenshot submitted by the user with the complaint (2026-03)

Another, posting in April 2026, termed it as a very bad broker that does not allow withdrawals.

Screenshot submitted by the user with the complaint (2026-04)

A separate complaint from September 2025 raised a related concern. The user, also based in India, reported holding $3,600 in equity when their trade position was automatically exited without warning: “I have an equity of 3600$ but my trade position lost automatic exit.”

These are not isolated incidents. They are repeated reports across several months, all describing the same outcome: once deposited, funds become difficult or impossible to retrieve. Beyond withdrawal issues, another user flagged that platform agents aggressively pushed for deposits while the company itself was not transparent about trading fees.

Regulatory Warning: Public Told to Avoid This Firm

The UK Financial Conduct Authority (FCA) has placed FINOWIZ / FINOWIZ LIMITED on its public Warning List of unauthorised firms. The authority's advisory states: “This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.”

Published in March 2023, the warning covers multiple associated websites and lists addresses in the UK and St. Vincent and the Grenadines.

No Valid Forex Licence

WikiFX data shows that FINOWIZ holds no active regulatory licences for forex or CFD dealing. The firm is registered in Saint Lucia under Finowiz Fintech Limited, but a Saint Lucia company registration does not provide financial services oversight or client fund protection. Any reference to FinCEN relates only to a crypto MSB filing in the United States, not a licence to offer forex trading or to hold client money. In practical terms, there is no credible regulatory safety net behind this broker.

Basic Information

FINOWIZ was founded in 2020 and lists Saint Lucia as its registered jurisdiction. The broker offers MT5 alongside three account types: Micro, Standard, and ECN, with minimum deposits starting at $100. Tradable instruments span forex, indices, metals, cryptocurrencies, and energies.

Why the 1.77 Score Matters

WikiFX assigns FINOWIZ a score of 1.77 out of 10. This rating reflects no valid forex regulatory licences, an active warning from the UK regulator advising the public to avoid the firm, and unresolved user complaints , particularly around withdrawals. Scores in this range signal significant risk for depositing traders.

Final Thoughts

The evidence on FINOWIZ converges on a clear warning. The UK Financial Conduct Authority has told the public to avoid this firm. WikiFX data shows no valid forex regulatory licence. And user complaints consistently describe the same problem: money goes in but does not come out.

Before funding any account, check the latest regulatory status and user complaints on the WikiFX App. If you do proceed, deposit only a small sum and attempt a full withdrawal immediately. When a broker carries an active regulator warning alongside a pattern of withdrawal complaints, verifying for yourself is not optional.