Tax evasion facilitation conditions in the offshore zones are known to attract unscrupulous brokerage companies. Loose regulatory standards only encourage illicit online trading firms like the Fyntura.com broker to prosper by defrauding retail Forex investors.
It’s time to expose yet another greedy, fraudulent scheme that holds nothing sacred when it comes to earning cash quickly. Keep reading our Fyntura.com review for a detailed report on this shameless fraudster.
| Regulated by: | Unregulated Offshore Broker |
| Is This Company Safe? | No, this company is an off grid scam, so better watch out! |
| Known Websites: | fyntura.com |
| Have Warnings from: | N/A |
| Registered in: | Seychelles |
| Operating since: | 2023 |
| Trading Platforms: | MT4, MT4 Web |
| Maximum Leverage: | 1:500 |
| Minimum Deposit: | $5,000 |
| Deposit Bonus: | Up to 100% |
| Trading Assets: | Forex, Cryptocurrencies, Commodities, Indices |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Request legal help from our professionals via live chat on our site. |
Seychelles-Based
Even if Fyntura Limited, the dubious owner of the website in question, was indeed legally operating out of Seychelles, their regulation would mean next to nothing.
It’s known that loose regulators do not impose strict licensing conditions, such as segregation of funds, compensation plans and risk-reducing methods. That’s why doing business with any of these miscreants, regulated or not, will bring you nothing but loss and stress.
Sometimes even regulated companies like ZuluTrade tend to show predatory behavior towards clients and get blacklisted for not being licensed properly. However, the Fyntura.com scam is clear in their intentions and they do not intend to spare anybody. Stay away from this portal.
Deceptive Online Content
The company advertises their services as the “newest broker in 2024”. Interesting, considering that WhoIs says the fyntura.com domain has been active since at least 2021.
The fraudsters are targeting these particular areas:
- United States
- United Kingdom
Many of the defrauded victims were lured to the platform through various affiliate YouTube videos, with people allegedly showing a get rich quick scheme. It is the company’s boiler room agents who use this misleading online content to get new clients to join eventually.
Their goal, just like with LQDFX, is to steal as much money as possible, and they do this by phone, email or online chat services. It is possible to get the money back, but recovery requires the expertise of a professional.
Fake Reviews Drown the Truth
Examining the online testimonials with the TrustPilot platform, it’s obvious that the fraudulent firm is using review seller networks to post fakes. Comments talk about how trading is great, how quick and easy it is to earn money, and similar nonsensical topics.
The damning evidence of fraud here is not that there are satisfied consumers. It’s that there are no Fyntura.com reviews on any other notable platform, like SiteJabber for instance.
Appealing Terms Facilitate Scam
Not even the most popular and globally acclaimed brokerages can compare with this one. Too bad all their conditions are just a part of the false marketing meant to delude potential victims. Starting spreads are 0.7, while the other accounts have it at 0.0 pips.
Commission is $2 at most, otherwise it’s either $1 or not charged at all. The same stands for withdrawals. Sounds too good to be true? That’s because it is! Standard leverage is 1:500, which pushes you into unplanned loss quicker.
Withdrawable Bonus? Not!
The 100% cash bonus added to deposits is withdrawable, as the site claims. However, if you read the rest of the text on that very page, it also says that it’s not withdrawable! However, the alleged profit you’d make using the bonus is available for payouts, which we also honestly doubt.
Don’t Bet Your Money On These Features
The problem with all these faux companies is that they don’t actually offer any actual trading. The features are only visually copied from legit companies, but don’t really work as they should. This makes them woefully inadequate even for practice, since the swindlers usually misrepresent the market data.
Seemingly Cheap Packages
Low costs, high leverage and cheap sign up requirements sure look attractive at first. That is, until you create a new Fyntura login and get to the client area.
The alleged Fyntura.com account types costing $10 are a total sham. The minimum deposit differs, with the tendency to increase up to $5.000. At that, the bundles do not clarify what options they feature, so we see no point in depositing anything at all.
Expensive Access to Web Trader
The Fyntura.com MT4 platform could be downloaded for desktop usage or accessed via web browser. Since we do not trust this nameless swindler, we advise all readers to refrain from downloading suspicious installation files in order to avoid malware.
Secondly, accessing the web terminal is impossible, even if you choose a demo variant, because the error about demo creation keeps repeating. The live version is also unresponsive. While MT4 represents the peak of today’s technological solutions for online trading, it’s common to see it misused like this.
Minute Asset List
The company is trying hard to mimic the actual trading asset information found with regulated brokers. The selection of instruments, however, is tiny.
Here’s what’s on offer:
- Forex – EUR/USD, EUR/GBP, USD/CAD, EUR/CHF
- Cryptocurrencies – USDC/USD, BTC/USD, ETH/USD
- Commodities – XAU/USD, XAU/EUR, USO/USD,
- Indices – UK100, J225, AUS200, DCHI
No Withdrawal Disclosure
There’s no clear outline on which payment methods the firm accepts, or by which means you may request a Fyntura.com withdrawal. Now, there is some semblance of a Withdrawal Policy document, but this is just a quasi-legal paper packed to the brim with weasel words.
Without automatic payment processing, you must rely on your boiler room agent for any transactions. This might seem like an inconvenience for clients, but it’s all by design. Should you require help getting your money out of this platform, contact our professionals.
Uninformative Support
Friendly and kind, but with the most vicious tendencies in mind, the customer service via online chat will attempt to push you into reckless investing. You’ll quickly see through the mask once you start asking questions about their legal status. Another channel available for contact is email.
Scammers Stole Your Investment? Contact Our Experts!
Everything about the Fyntura.com Forex trading service is actually a carefully orchestrated ruse. Be it advertisements, online contents, or simply the stuff you’ll hear from the company employees, it’s all a pack of lies.
Investing with an unlicensed firm carries significant risk to both your wallet and your online security. In the case you need help getting your funds back from these scammers, book a free consultation with our experts. We are available 24/7 for your convenience.
FAQ Section
What is Fyntura.com?
It is an unlicensed brokerage scam, promising quick riches to rookies with the end goal of stealing their money.
Is Fyntura.com Legit?
No, the company is completely illegal, as it has no registration, nor any sort of authorization or license for their business.
What is CipherTrace?
It is a cutting edge cryptocurrency transfer tracking software. Contact our legal team via the live chat to learn how we may use it to help you recover lost money.
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