Another warning against PandaTS-powered broker scam Finaz.io!

warning against Finazio broker scam
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On 1 March 2022, the Spanish CNMV issued a warning against the broker scam Finaz.io. According to the website, the operator would be Finaz.io Ltd, an offshore entity registered in the Marshall Islands. Finaz.io runs as a white-label mutation on the Israeli PandaTS platform. The Finaz.io is allegedly connected to the perpetrators behind the vanished Globalix, BrokerZ, or 24WaysFX. European law enforcement agents recently arrested 15 suspects in Albania, allegedly connected to this cybercrime organization (report here).

Key data

Trading nameFinazio
Domain registrarNameCheap
Legal entityFinaz.io Ltd
JurisdictionMarshall Islands
Support +44 20 808 99233
+44 7951 359306
Related brandsGlobalix, 24WaysFX,

The scam narrative

There is not much to tell about the PandaTS white label mutation Finaz.io. The potential victims have to contact the account manager (boiler room agent) for deposits. He or she will contact you on the phone shortly after registration anyway and will ask for the first deposit.

On Trustpilot, the Finaz.io broker scam holds a 1.9-star rating with a “poor” trust level. Just stay far away.

Share information

If you have any information about Finaz.io, PandaTS, and other facilitators around the scam, please share it with us via our whistleblower system, Whistle42.

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