Finaso has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Loan Fee Fraud
Finaso has a website (finaso.se) and is using the following contact information:
Finaso
Sweden
Telephone: -
E-mail: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: finaso.se.
My card was charged twice by Finaso on the same day. I had to dispute it with my bank. Finaso then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Detailed reporting|Personal attention|Easy to use platform|Fast support response
Cons: Minor UI glitches occasionally|Slow to add new assets
Do not use Finaso for anything serious. I used them for close to eighteen months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Competitive fees|Intuitive for beginners
Cons: No integrated tax optimization|Limited demo account features
Finaso offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Easy withdrawals|Stable platform|No hidden fees|Market news feed
Cons: No phone support on weekends|None so far
My withdrawal request from Finaso has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Clean UI|Transparent fees|Fast execution|Reliable uptime
Cons: Nothing significant
Finaso advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Instant funding|Responsive team|Reliable uptime
Cons: Desktop app not available on Linux
After seeing ads for Finaso online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Finansinspektionen. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Flagged by Finansinspektionen|Cannot verify credentials
I want to warn everyone about Finaso. They have been flagged by Finansinspektionen as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: No regulatory oversight|Money disappeared|Fake testimonials