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FiniWise Review: Scam or Legit?

03 June 2024 13:11, UTC

Navigating the vast ocean of online trading platforms can be a daunting task. In a world where scam platforms are unfortunately all too common, it is crucial to thoroughly examine the legitimacy of each platform. This article offers an in-depth FiniWise.com review, considering its offerings, regulatory standing, and user experiences to determine its integrity and reliability.

What is FiniWise?

Founded in 2016, FiniWise has persistently worked its way to become a trusted entity in the world of online trading platforms. The platform specializes in Contracts for Difference (CFDs) and offers a comprehensive range of six asset classes — Forex, stocks, indices, crypto, spot metals, and energy commodities. This FiniWise review recognises the extensive offerings and reliable operating environment as potential indicators of its credibility.

Is FiniWise a Scam?

In the digital realm of trading, rumors of scams are rampant. In light of this, a platform’s regulatory credentials carry significant weight in establishing its legitimacy. The stringent legal standards enforced by such regulatory bodies considerably reduce the likelihood of FiniWise being a scam.

Moreover, FiniWise’s solid reputation is strengthened by the existence of a license issued by the British Virgin Islands Financial Services Commission, a physical office, a verifiable track record, and several industry accolades. It’s important to note, however, that no platform can offer absolute immunity from operational hiccups or guarantee complete user satisfaction. Nevertheless, these elements collectively suggest that FiniWise operates authentically.

Is FiniWise Legit?

FiniWise’s notable presence in the trading industry, along with its robust regulatory and operational framework, attest to its legitimacy. FiniWise further enhances its credibility by segregating client funds from the company’s operational capital, a move that ensures greater transparency and financial security for its clients.

Additionally, FiniWise’s partnerships with high-profile sports teams indicate a degree of public credibility and trust that is uncommonly associated with fraudulent activities.

FiniWise Trading Platform Reviews

General user reviews of the FiniWise trading platform are favorably inclined. The user-friendly interface, extensive range of tradable assets, fast withdrawals and competitive spreads have garnered positive responses. FiniWise offers a selection of trading systems using its proprietary FiniWise Edge platform.

However, some users have voiced concerns about certain aspects of customer service and KYC procedures. Despite these issues, the overall sentiment in this FiniWise review suggests the platform prioritizes its users and maintains a reliable operation.

FiniWise Pros and Cons


  • Regulatory Compliance: FiniWise operates under the regulatory oversight of the British Virgin Islands Financial Services Commission, ensuring adherence to stringent international financial standards.

  • Diverse Asset Offerings: Traders can diversify their portfolios with access to CFDs across forex, shares, indices, cryptocurrencies, energy commodities, and metals.

  • Multiple Trading Platforms: FiniWise offers a choice of trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader, and its proprietary FiniWise Edge platform, catering to different trading preferences.

  • Client Fund Protection: Segregated accounts ensure that client funds are kept separate from the company’s operational funds, providing an added layer of security for traders.

  • Positive Reviews: FiniWise enjoys generally positive online reviews across various review platforms, reflecting its reliability and user satisfaction.

  • Professional Assistance: Traders can benefit from the guidance of professional senior brokers and innovative AI features, enhancing their trading experience.


  • Technical Glitches: Some users have reported occasional technical issues, although these are generally minor and infrequent.

  • Customer Service: The quality of customer support has received mixed reviews, with some users experiencing longer response times or less satisfactory assistance.

  • Educational Resources: While FiniWise offers some educational materials, there is room for improvement in expanding resources for beginner traders.

  • Trust and Safety

  • Regulation: FiniWise is authorized and regulated by the British Virgin Islands Financial Services Commission, ensuring compliance with strict financial standards and providing traders with a secure trading environment.

  • Fraud Prevention: Advanced encryption and continuous monitoring are employed to prevent fraudulent activities, safeguarding traders from potential scams and maintaining the integrity of transactions.

  • Client Fund Security: Client funds are held in segregated accounts, separate from the company’s operational funds, ensuring their protection even in adverse scenarios.

Account Opening

Opening an account with FiniWise is a streamlined and user-friendly process, typically completed within one day. With a minimum deposit requirement of $250, new users receive dedicated support to guide them through the account setup process, ensuring a smooth start to their trading journey.

FiniWise Fees

FiniWise offers competitive spreads and swaps across all asset classes, with free deposits and zero withdrawal fees, promoting cost-effectiveness for traders. However, an inactivity fee is applicable, and spreads on stocks are relatively higher compared to other brokers. This transparent fee structure allows traders to manage their costs effectively.

FiniWise Deposit and Withdrawal Options

Deposit Options: Traders can fund their accounts via debit/credit card (instant), E-transfer (for amounts below $10,000), wire transfer (for amounts above $9,999), and cryptocurrency payments (supported networks: BTC, ETH, TRON). Card payments are processed instantly, while wire transfers may take up to two business days.

Withdrawal Options: Withdrawals are typically processed within two business days, ensuring timely access to funds.

FiniWise Why Choose FiniWise?

FiniWise, founded in 2016, has carved a niche for itself as a reputable online broker offering a wide array of Contracts for Difference (CFDs) spanning various asset classes. Whether you’re a seasoned trader or a newcomer to the market, FiniWise provides personalized guidance and access to global markets through its diverse range of trading platforms and competitive trading conditions.

FiniWise offers a comprehensive trading experience, suitable for traders of all levels. With its diverse asset offerings, multiple trading platforms, and strong regulatory oversight, FiniWise stands as a reliable choice for online trading. While there are areas for improvement, such as addressing technical glitches and enhancing customer support, the platform’s strengths make it a solid option for many traders. For more information, visit FiniWise.com.