Finowiz

Regulatory & Licensing Information:

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  • Regulatory Authority: None
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  • License Number: Not applicable
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  • Status: Unregulated
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Verification:

• Broker's Claims: Finowiz asserts that it is registered in Saint Vincent and the Grenadines under Finowiz Fintech Limited, with registration number 21889 IBC 2016.
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• Verified Information: Independent reviews indicate that Finowiz is not regulated by any recognized financial regulatory authority. The Financial Conduct Authority (FCA) in the UK has issued a warning stating that Finowiz may be providing financial services or products without authorization.
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Regulatory Warnings:

• Issuing Body: Financial Conduct Authority (FCA)
• Date of Warning: March 23, 2023
• Details: The FCA warned that Finowiz is not authorized to provide financial services or products in the UK and advised consumers to avoid dealing with this firm due to potential scam risks.
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Client Feedback

User reviews on platforms like Trending Brokers have raised concerns about Finowiz's legitimacy, with some users labeling it as a scam. The lack of regulatory licenses and transparency in services has been highlighted as indicative of potential fraudulent activity