On December 18, 2023, the Cyprus Securities and Exchange Commission (CySEC) added Finquotes Financial to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=12e1464d-4655-4384-a91e-5e4e43fb925a

Finquotes Financial portrays itself as a reliable trading platform. However, this is far from the truth.

It claims to be regulated by the British Virgin Islands Financial Services Commission (BVI FSC). However, the company is not included in the register of this financial regulator. This is a red flag.

Finquotes Financial pretends to be an established brand with long history dating back to 2008, boasting numerous awards and glowing testimonials. However, its domain name, finquotesfinancial.work was recently registered in November 2023. This discrepancy often considered a scam indicator. As for the unknown awards and testimonials from alleged customers, they lack credibility if there isn't any oversight to ensure this platform's regulatory compliance.

What's more, the Cyprus Securities and Exchange Commission (CySEC) has added Finquotes Financial to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities.

In essence, Finquotes Financial is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

Finquotes Financial is unequivocally a scam.

BrokersView found that the domain "https://finquotesfinancial.work/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.