Finowiz

( 1.69 )
13 reviews
Unregulated
This company operates illegally, without a proper regulatory license.
Write a review
Key Highlights Critical Insights
Pros|Cons Details FAQ Reviews Broker Profile
Pros
The firm has many active profiles on social media.
MetaTrader 4/5.
Cons
The company operates illegally.
Accounts may be blocked.
Dangerous CFD trading conditions.
Different minimum deposit amounts are presented.
High leverage and different limits are specified in the tariffs and FAQ.
Anonymous broker team.

Company Background

The online brokerage platform allegedly launched in 2016, but there is no evidence to support this. Besides, it states that it is registered in Saint Lucia under number 2024-00147 and has its head office in Dubai. As for the domain, it was only created in March 2025. Finally, there is no information about the managers or licenses on the company’s website.

We decided to check this broker for compliance with reliable service standards. So, you will learn from Finowiz’s review about the trading conditions on the platform and whether the broker is supervised by any regulator.

Overview of Services and Trading Terms

Finowiz Fintech Limited, which owns the brand, claims to manage $12 billion in assets and that more than 5 million traders worldwide use its services. However, there are no verified reports on its official website, meaning that these statistics are not substantiated.

The company states that it may restrict or terminate your access to your account and the website at its discretion, at any time and without prior notice.

The broker Finowiz allows clients to trade CFDs on 50 currency pairs, indices, and other assets. You will have access to the MetaTrader 4/5 and WebTrader platforms and can start trading with a deposit of $10, as well as use leverage of up to 1:1000. However, according to the three trading plans, you can start with amounts of $100/$1,000/$2,500, and the leverage on them is limited to 1:500. Moreover, the commission ranges from 0 to 4%, and the spreads are unknown.

Finowiz offers ECN accounts but does not disclose its liquidity providers.

In addition, the company promises PAMM services, copy trading, and training services. Finally, Finowiz has profiles on eight social networks.

Referral and Bonus Schemes

Finowiz has an affiliate program for individuals and legal entities. Its participants can receive commissions from the trading activities of their referrals. It is worth acknowledging that this offer seems attractive at first glance: there is no minimum payout, and referrals receive bonuses based on the sponsor code specified in the new client registration form. However, Finowiz does not specify the amount of remuneration for program participants.

As for bonuses and promotions, there were no such offers on the broker’s website at the time of our review.

Text error? - Email us

FAQ

Is there any income guarantee when trading with finowizprime.com?

No, there are no profit guarantees on this website. Moreover, you can lose all your invested funds here at any time.

What sum is necessary to begin dealing with Finowiz?

The broker requires clients to make a deposit of $10 to start trading, but it is unclear under what conditions. According to the rates, you can start with $100.

What deposit and withdrawal methods are available?

The company only discloses the process of payments via credit and debit cards. However, it mentions other possible methods. If these include payments in cryptocurrency, remember that they are the most risky and are not subject to chargebacks.

Is finowizprime.com a legitimate website?

No, the broker does not display any certificates of legal entity registration or licenses. In addition, the project start date of 2016 indicated by the broker does not match the domain created in 2025.

Is it like roulette with no guarantee of earning money?

Lack of regulation, lack of transparency of the company's team, huge leverage — these are serious problems that will lead to the loss of 100% of your investment. Finally, the broker states that it can freeze your account at any time without explanation.
Emily White - Author on Scamroulette.com
Emily White

I cannot trust this broker, even with regard to the authenticity of its offshore registration address and office in Dubai. Not to mention that the brand belonged to Finowiz Markets Incorporated and had the domain finowiz.com from 2020, which was paid for until 2027, but for some reason is not working at the moment. Moreover, the current Finowiz Fintech Limited does not announce a rebranding and domain change to finowizprime.com. You must agree that everything about this company points to its fraudulent nature.

Overall Score

  • 0
  • 2
  • 1
  • 1
  • 9
  • Cheating comments
    0
1.69/5
OVERALL

Based on 13 votes

13 reviews about Finowiz

  • Larry
    1 review
    21.09.2025 07:15
    This is just a nightmare!

    I opened an account and deposited another $1,800 into it a month later, after which I traded for a couple of days, and suddenly the broker blocked access to the account. I contacted customer support and was told that in order to unblock it, I needed to go through another additional “KYC.” Okay, I sent all the documents that FINOWIZ employees requested, but they just stopped responding. This is terrible service and disgusting customer service at finowizprime.com. I no longer want to have anything to do with these scammers.

  • S. Watkins
    1 review
    12.09.2025 12:19
    THEY ARE SCAMMERS

    All they know how to do is lure you in with stories of quick money. There are no conditions for real work here, only deception and money extraction.

  • Veronica C.
    1 review
    08.09.2025 21:14
    Disgusting company!

    The broker closed my orders suddenly without warning, and I lost $713! How could they do that? My complaints are ignored, and my questions are simply passed from one employee to another! I will never do business with them again and do not recommend them to anyone! You’re better off spending your money on something useful.

  • Baird
    1 review
    07.09.2025 20:53
    I do not recommend anyone to use this broker

    My platform froze right during a news surge, and when it came back, my positions were closed with a huge loss. My attempts to get compensation led to nothing. Complete helplessness and lack of responsibility on the part of Finowis.

  • L. Rose
    1 review
    24.08.2025 03:13
    Don't trust these scammers

    The guys gave me some advice as if they were experts, and then all my trades fell through. When I wanted to withdraw at least the remaining $5,280, they refused. The company’s employees said it was a debt to the company. What debts?! It’s my money, and they brazenly stole it!

  • Mary Smith
    1 review
    20.08.2025 20:53
    Customer support is not working

    I worked as a financial advisor for a long time, and then I worked as a sales agent at a brokerage company. Looking at some traders, I felt envious that they were earning up to $500 a week by investing only $100. In the end, I decided to try trading on my own. It didn’t take me long to choose a brokerage company with the lowest minimum deposit. Finowz’s terms seemed ideal to me: a deposit of $10 and leverage of up to 1:500. It seemed to me that it couldn’t get any better than that. Of course, I understood that I was unlikely to get rich with $10, so I deposited $100 into my account. I downloaded Metatrader and started trading. I should note that I even managed to make a couple of successful trades. However, problems soon began: the terminal started to freeze. I wrote to customer support several times, and they replied that the problems were exclusively on my end. Then I switched to web-trader, hoping that the situation would change for the better. Meanwhile, the trading program did not stabilize – this is a global problem for brokers. However, customer support stands its ground, claiming that all disruptions on finowizprime.com are solely my fault. I am disappointed…

  • Donald Lane
    1 review
    20.08.2025 08:35
    Good trading conditions

    This is one of the oldest brokers on the market. I don’t know why, but it seems that in today’s world, it has become fashionable to open a website that provides access to stock trading services. Unfortunately, unscrupulous people, including scammers, take advantage of this. Fortunately, the first sign that distinguishes a real broker from a scammer is the company’s length of service. FINOWIZ has been operating on the market since 2016. In addition, I can note a number of advantages. The first and most important is the amount of money required to open an account. You only need $10 here, which makes the services accessible to a wide audience. For example, my working deposit is $3,600. Moreover, I am absolutely satisfied with the quality of service at finowizprime.com! Since the choice of currencies for trading is wide, more than 200 types! I think it will suit everyone. At least, it suits me perfectly. As for spreads, they are barely noticeable and start at 0. Finally, there is a wide range of additional services available here.

  • Robert Morris
    1 review
    16.08.2025 21:22
    One of the best brokers!

    This is perhaps one of the few honest brokers offering to work on exchanges with such a low minimum deposit. I first registered on finowizprime.com in 2018. At first, I thought it was just another way to get money out of people. However, to my great surprise, FINOWIZ turned out to be an honest company. In addition, I paid attention to spreads and commissions. They turned out to be much lower here than the average for similar offers. Overall, this broker offers excellent trading conditions. The leverage is up to 1:1000 with a minimum deposit of $10. Such offers make trading accessible to most people. What particularly pleased me was the variety of trading platforms available on finowizprime.com. Access to trading is provided through the MetaTrader 4 and 5 terminals, available for desktop PCs and Android and iOS mobile devices. As a pleasant bonus, the company offers a referral program. The most important thing to consider when choosing a broker is the withdrawal and deposit process. From personal experience, I can say that deposits are instant, while withdrawals take a little longer, but withdrawal requests are usually processed within two to three hours, and the money is credited to your account within five days.

  • Penny Cherry
    1 review
    16.08.2025 19:37
    THIS SUCKS!!!!!

    They’ve been processing my request to withdraw €7,800 for two months now. They keep asking for more and more documents, even though I sent and confirmed everything a long time ago. As soon as I started making money, the managers immediately started coming up with various reasons not to give me my profits!!

  • Laverne
    1 review
    12.08.2025 04:51
    Everything they say is a lie

    Customer service doesn’t respond, and when you finally get through, they just repeat the same thing like robots. I can’t withdraw my $2,100, even though I’ve already provided all the documents. At first, they said it would take 10 days, but now it’s been 4 months. I feel like they just stole my money……

  • James L.
    1 review
    10.08.2025 04:30
    Here is my bitter trading experience

    Everything started well, but after I decided to increase my trading volume, they simply closed my most profitable positions without warning. What are their excuses? Supposedly, protection against market volatility. In reality, FINOWIZ simply manipulated the terminal so that I couldn’t get the $4,000 profit that they would have had to pay to my bank card.

  • Mr. Santos
    1 review
    03.08.2025 00:55
    This is not a broker, but simply a poor website

    When it comes to poor brokers, Finowiz is a complete outsider, even starting with its interface. It redirects the page to Google Translate when switching languages! This is unacceptable. Why can’t a company that claims to be a leader in the Forex market and has assets of $12 billion afford a normal website since 2016? It’s not even funny, it’s sad. When I visited the site, those were my thoughts. Meanwhile, I decided to give this company a chance anyway. I thought that if the website was cheap, then maybe the broker was still good, so I started to study it more closely. I immediately noticed the trading terminal. It offers MetaTrader 4/5, which is somewhat encouraging. In addition, the platform is available in several versions, both for desktop PCs and mobile devices, and there is also a web trader. Moreover, the minimum deposit required is small, only $10. I admit that I already wanted to open an account and make a deposit, but first I decided to check the domain’s service life. I was surprised to find that the domain finowiz.com was created in 2025!!! That was the end of my optimism. I closed the site and left this “super-mega company” for good.

  • Woodard
    1 review
    02.08.2025 14:54
    The ad says they offer good terms, but in reality, everything is completely different.

    They promised low commissions and fast withdrawals. Do you think that’s true? No!!! The monthly commission cost me almost $320, and I still haven’t seen my money. This is some kind of scam! I advise you to stay away from this scam.

Leave a review
  • Your overall score:
    Please, rate the company.

Broker Profile

Date of foundation
Since 2016
License
No
Leverage
1:1000
Demo account
Yes
Order Execution Model
DD
Minimum deposit
$10
Trading Platforms
Advanced, Mobile compatibility
Leverage Options
High leverage (e.g., 1:500)
Spread and Commission Structure
Tight spreads, Low commissions
Range of Instruments
Moderate range
Customer Support
Limited hours support
Regulatory Status
Not regulated
Account Types
Limited account types (only two or three options)

Why you can trust reviews about Finowiz

  • Our report includes a comprehensive look at the company and information on its background.
  • We pay close attention to what people are saying about companies. Each comment is moderated and checked for spam.
  • We reject dishonest practices to create a favorable image. Paid reviews, boosted ratings, and comments from the same IP address are banned or marked in a special way.
Text error?



    Comparison