I was introduced to Finq few month ago, had no idea it's a scam till i deposited almost all my money into it, just to make more profits. After they noticed they could no longer take more money from me in form of fees they began ghosting me, i was unable to reach them via the previous channels as well. This is to create awareness, not everybody can be as lucky as i was. I'm saying this because after lot of research i stumbled on an agency called mkayrecuperatee.com who were able to help me retrive my lost assets from this scammers.
I invested $******* with them trading in forex. I was misguided and mislead to trade in opposite directions of some instruments movements just to drive me to loose my funds and then force me to do posit more. These guys are registered offshore with weak regulatory authority. They don't trade in the international stock market as they say and don't keep segregated accounts. They only show simulation to the international market and fake accounts. I tried recovering my funds but they refused. I am trying now with chargeback. Don't trade with these people they are nothing but scam and based in India with same owner of 70trades.com.
Very bad, dont trust them! I thought i was the only one. I have same problem with trading companies.
All of them dont agree on withdrawals and want to seek more from you. All my withdrawals were cancelled with various excuses. Never got a penny until i realized they dont want to give me my deposit back, i keep ringing and sent several emails but i got nothing back from them. Another tactic of theirs is that they keep convincing you to invest more money, don't fall for that. I was in the hospital being diagnosed of covid-19 and i couldn't follow up with the case until i was released.
After i left the hospital i Iiased with my attorney for possible ways to get my money back, i was referred to a litigation firm which i will refer to anyone in the same box with this company to contact Recoup24, com they were very effective in getting my money back.
The platform is ok but trade on your own. Finq assigns guys who call themselves as Sr. Account Manager. These guys keep insisting you on making a deposit. Their favourite amount is 5000 or ******* dollars. First these account managers will help you to make money by giving you the correct tips. After they gain your confidence, these guys will ask you to bet more money on the wrong position and will try to misguide you and make you lose all or most of your money. I was assigned two Account managers by the name of Deepak Panicker and Asad Sayyed(a big crook) who made me lose lot of money by insisting of taking the wrong direction and kept on insisting that his calculation or assesment was correct. Read about Finq on the internet before using their platform. Type"Is Finq a Scam" and you will get many stories similar to mine.
Answer: They are Scam. They are not regulated by a well reputed authority and don't trade with international stock markets. They don't segregate accounts.