Forex/CFD scam brokers have increasingly started using the names of real, legitimate companies to cover up their illegal activities. Avoiding falling victim to such fraudsters has become significantly more challenging: the companies chosen for such deception are often well-respected and trusted by clients. Our Fin2ai review highlights one such fraudulent platform. However, evidence proving that the creators of this project aim solely at collecting and appropriating traders’ funds is not difficult to find. We have done this work and shared the results with you below.
Key Features
- Company Name: AI FINANCIAL LIMITED
- Website: https://fin2a-i.com/
- Available Contacts: [email protected]
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $5,000
From Sign-Up to Payout
The official Fin2ai website makes a good first impression at first glance. Indeed, the pages are designed quite nicely, and the loading speed is satisfactory. However, this isn’t surprising, as hiring a professional web developer to create a decent-looking and well-performing website on WordPress isn’t particularly expensive.
Therefore, a proper evaluation requires a comprehensive approach, taking both content and functionality into account. And this is where the broker has major issues:
- The homepage contains no useful information (and not just the homepage). However, it could make for a decent advertising presentation. The problem is that none of the slogans featured here are backed by facts. Unfortunately, there will always be newcomers who believe they’re dealing with a “#1 Professional Broker.”
- Hoping to find more useful information on other pages? According to Fin2ai, what they’ve provided is more than sufficient. Contract specifications, detailed market descriptions, and their nuances? Apparently, traders don’t need those.
- The broker’s representatives also seem confident that a potential client only needs to read a couple of sentences about how the company “unlocks clients’ potential.” Everything else, including licenses and financial statements, is deemed irrelevant.
- The process of registering a new client appears to be complete but isn’t. Users fill out and submit the registration form and even access the client area. However, they’re greeted with a message stating that the account hasn’t been created yet, accompanied by a recommendation to contact support. Without this step, none of the client area features or the trading terminal will function.
It all looks like the site was put together by a team of amateurs. Then again, expecting professionalism from a scam project is unrealistic. The only thing scammers excel at is stealing traders’ funds.
Our Trading Experience With Fin2ai
As mentioned earlier, after successfully registering, users are prompted to contact support to open an account. The only problem is that the only contact option available is an email address. Naturally, we sent a request, but we didn’t expect a prompt resolution.
And we were right. Either the support team is overwhelmed with work, causing requests to remain pending for three days, or the staff were on a break. In any case, even by the fourth day, we still hadn’t received a response. Thus, we cannot provide a definitive review of the Fin2ai trading platform’s appearance or functionality.
One confirmed fact is that the broker offers not only a web-based trading terminal but also desktop and mobile applications. However, upon launching, they immediately request an account ID (and, naturally, a password) and won’t function without authorization.
We also found no way to open a demo account, despite the broker claiming in its Trading FAQs that any user can access this type of account. Perhaps this feature will become available after contacting support.
While waiting for a response, we can only evaluate the trading conditions based on the materials published on the site. The only place where this information is provided is the Account Types page. It lists five tiers:
- Beginner, with a minimum deposit of $5,000 and leverage of up to 1:10.
- Trader, with a minimum deposit of $10,000 and leverage of up to 1:20.
- Expert, with a minimum deposit of $25,000 and leverage of up to 1:30.
- VIP, with a minimum deposit of $50,000 and leverage of up to 1:40.
- Exclusive, with a minimum deposit of $100,000 and leverage of up to 1:50.
One notable point: the broker doesn’t offer massive leverage; traders can’t even access 1:100. This approach seems reasonable, considering Fin2ai targets European clients. However, scam tactics are still evident — as account balances grow, so does the maximum leverage and, consequently, the risk level.
Other critical parameters, such as spreads, swaps, and commissions, which determine trading costs, are not disclosed by the company. This is a questionable move for a licensed platform but quite common for fraudulent projects. Most scams don’t inform clients about costs, using this as a strategy to extract additional (non-deposit) funds from users.
The Reality Check
All the documents published on the Fin2ai website indicate that the broker is targeting European clients. This is also confirmed by the trading conditions.
In the website footer, we found the company’s registration details. Here, the creators claim that the platform is owned by AI FINANCIAL LIMITED, registered in the United Kingdom under number 09540936. Information from the Companies House database confirms that such a company does indeed exist.
The company was registered in April 2015, and its primary activity is listed as financial management (SIC 70221). Let’s clarify right away — this has nothing to do with providing brokerage services.
Additionally, the Companies House records and UK aggregators reveal other intriguing details about the company. Specifically:
- Currently, it has a dormant status, which was assigned 1 year and 10 months ago.
- The company has been proposed for removal from the register.
- For the last financial year, no reports were submitted, and its total assets are equal to its share capital — just £1.
- The most recent financial year (2022) ended with a negative balance of £5,000.
- The company employs just one person — the director.
It’s clear that a “#1 Professional Broker” cannot possibly operate under such conditions. The simple conclusion is that the broker used this company’s name to create the illusion of legitimate operations. In reality, it is not officially registered.
Naturally, we were also interested in licensing. The real AI FINANCIAL LIMITED has not received any licenses for regulated activities from the UK’s Financial Conduct Authority (FCA). Moreover, the virtual Fin2ai project could not have obtained one either, as all it has is a website.
Thus, it’s evident that we are dealing with a fake company that is not registered in any jurisdiction, uses someone else’s name as a cover, and operates without a license. Needless to say, all its activities are illegal, and any funds sent by traders go directly to the scammers’ personal accounts (since corporate bank accounts and cards cannot be opened by such virtual entities). Do you think the scammers will willingly return these funds?
Important! Fin2ai is not the only broker using the name of AI FINANCIAL LIMITED as a front. Another fake platform called Profitraw also claims to belong to this company. Both projects share so many similarities (such as website menu structure, account plan lists, and contact information presentation) that there’s no doubt they originate from the same source. However, we have already reviewed Profitraw and know for certain that it is a scam. Could the second fake broker operate honestly?
How Long Has Fin2ai Been in the Game?
Expecting a pseudo-broker to reveal its actual creation date would be naive. Predictably, the platform’s owners chose not to provide any historical information at all. However, we already know that the project only consists of an official website. Consequently, the launch date of this website matches the domain registration date. It’s quite simple to find this information using a WHOIS lookup.
As we can see, the domain fin2a-i.com was registered on August 21, 2024. Of course, a real, legitimate company would behave this way — wait nine years from its establishment (we noted earlier that it was registered in 2015) and then suddenly launch an official website and begin providing brokerage services. Don’t believe it? Neither do we. This is yet another piece of evidence pointing to the fraudulent nature of Fin2ai’s owners.
Extra Fraud Indicators
As we can see, the broker has been operating online for 4 months at the time of writing this review. It’s reasonable to assume that some Fin2ai reviews have surfaced during this time.
Indeed, on platforms like Trustpilot, users have left 20 comments about the company. Of these, 17 (85%) contain the highest praise for the broker’s performance. Users commend everything from smooth withdrawals to excellent insider tips and a top-notch trading platform. However, there’s not a single shred of evidence to back up these claims. One post about “insider tips” was particularly amusing, considering the platform doesn’t even offer such services. It’s abundantly clear that what the authors like most is the payment they received from the company to create a positive reputation.
There are also three honest clients who have revealed that the company is a blatant scam. Unfortunately, they suffered losses, losing all the money they had invested.
The platform is also viewed unfavorably by experts on trading and investment-themed websites. The consensus is nearly unanimous: only scammers can operate without registration or a license, and depositing money with such platforms is strongly discouraged. We fully agree with these assessments.
Is Fin2ai the Right Fit?
Here we have a “company” that is not registered anywhere but hides this fact by using the name of a legitimate UK firm. It provides brokerage services only virtually and operates without a license. At the time of writing this Fin2ai review, it has been around for 4 months. As is typical for scammers, this fake broker conceals information about itself, its trading conditions, commissions, and everything else that traders need to make an informed decision. These scammers rely on market novices who lack the skills to analyze information and fail to realize that working with such a platform will lead to complete financial loss. Depositing funds into accounts with Fin2ai is strongly discouraged.
After working with this broker for about a week, I can confidently conclude that all positive reviews about them are either paid for or written by company employees. Fin2ai looks too much like a fly-by-night operation that will disappear tomorrow or the day after with all user funds. It’s nothing more than an empty shell – a scam platform. I’m sure even the quotes are fake, manipulated to make traders believe they’re lucky, encouraging them to deposit more money, only to lose it all later.