Finmarket Scam Test

Finmarket Scam Test

Finmarket Scam Test

Security is the number one thing you should be looking at when choosing your broker. Not because some may try to scam you (although a very small number of them may try even that), but because meeting certain standards means the company you’re considering is able to defend both you and itself from hacks. Collecting info about this can be a tedious task, and some data may not be readily available. That’s where we can help with texts like this one. By testing for any signs of a Finmarket scam, we can give you a recommendation on whether or not to deposit with this broker. We have some very interesting facts here, so read on if you want to know more.

Finmarket is fully regulated

Our long-time readers know that we value licences above all else when it comes to security. Simply, if a broker has one, it means that it was inspected by a reliable regulatory body and that it meets certain requirements. So, is Finmarket regulated? Why, yes, yes it is. It is regulated by CySEC, which means a bunch of interesting benefits for you. For example, thanks to obligatory KYC procedures, your identity will be checked when trading here and you will have to verify your account in order to make sure you and you alone have access to it. It is also interesting to see how your money is handled here, but we will talk about that in the next part of our search for Finmarket scam, since we were unable to find any when it comes to regulations and paperwork.

Finmarket Regulation

Finmarket Regulation

High-tech protection

Since we’re talking about online transfer of funds in this industry, there has to be a lot of technology involved to make sure everything goes smoothly. You can read about the money transfer method in our Finmarket Review 2018, but we will say there that each and every one of them is a Level 1 PCI service provider, meaning they are of top quality. SSL encryption and firewalls make up the first line of defense from any outside incursion, whereas the broker’s servers are kept in SAS 70 data centers. On top of all that, you are insured for amounts of up to 20,000 EUR and every deposit you make will be sent to a segregated account, so you will be the only one with access to those funds. Therefore, we can safely say that you do not have to fear a Finmarket scam even when it comes to money transfer.

Finmarket Scam Test – Conclusion

We’ll keep this conclusion short: Finmarket is a completely legit and a very serios company that takes excellent care of its clients. This was recognized by CySEC, whose license the broker has, and many traders over the last few years. The level of protection for each transfer of funds is nothing short of exceptional, so if you want a safe broker, we see absolutely no reason why you shouldn’t open an account here. Join this company and trade with your mind completely at ease!

Author's overall rating:
Author: Ben Prescott
Updated:

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