About Financo-innovation markets
Company Background
Financo-innovation markets is a forex broker that operates the website financo-innovationmarkets.online. According to our records, the company was registered in China on December 21, 2021. However, the broker's own website claims it was founded in 2013, a discrepancy that raises questions about its transparency.
Given the limited independent information available, it is difficult to verify the broker's operational history or corporate background. Traders are advised to exercise extreme caution when dealing with entities that present conflicting founding dates.
Regulation Status
Our review found that Financo-innovation markets holds no known regulatory licenses from any financial authority. This is a significant red flag, as regulated brokers must adhere to strict standards regarding client fund segregation, reporting, and dispute resolution.
Despite the broker's claims of being authorized by the FCA, ASIC, and FSCA, our cross-checks against the public registers of these regulators did not confirm any such licenses. The absence of regulation means there is no external oversight, and traders have no recourse if funds are mishandled.
Account Types
The broker offers three account tiers: Basic, Classic, and Platinum, with minimum deposits of $3,000, $5,000, and $10,000 respectively. These high entry barriers suggest the broker is targeting relatively affluent traders.
No information is provided on the leverage available for each account type, nor on any differences in spreads or features beyond the deposit amount. This lack of detail makes it difficult for traders to assess the value proposition of each tier.
Trading Platforms and Instruments
Financo-innovation markets claims to offer the MetaTrader 4 and MetaTrader 5 platforms, which are standard in the industry. However, our records do not specify the tradable instruments or the trading conditions such as spreads and commissions.
The broker's website mentions a variety of assets including forex, shares, and commodities, but concrete details are lacking. Traders should verify platform availability and instrument list before committing funds.
Funding and Support
Our known facts do not include any information about accepted payment methods or withdrawal policies. The broker maintains a Facebook page, but its activity and usefulness are unclear.
Customer support is claimed to be available 24/7, but without tested contact channels, this claim cannot be relied upon. The lack of verifiable support options is another concern for prospective clients.
Risk Considerations
The most critical risk is the lack of regulation, which exposes traders to potential fraud or mismanagement of funds. The high minimum deposits also mean that traders risk substantial capital without any safety net.
Additionally, the discrepancy between the claimed founding year (2013) and actual registration (2021) suggests a lack of transparency. Combined with the unsubstantiated regulatory claims, Financo-innovation markets scores a severe risk rating of 75/100 in FXCanary's assessment.
Overview compiled by FXCanary from regulatory records and public data. full Financo-innovation markets review