Originally Syndicated on June 30, 2024 @ 12:35 pm
As far as anybody can tell, Financial Aims LTD is a legitimate Kent-based business. Established in October 2002, Ian Steadman has a 100% shareholding and is the company’s major stakeholder. Financial Aims LTD presents itself as an established micro-business with a £3,600 annual revenue and a history of slowing expansion.
It would seem that Financial Aims LTD is quite dull and unimaginative. Security, safety, and the best trading conditions are all presented on the website, which is information we have seen many times before. But there is no value or licensing for retail merchants like you.
Let’s examine the pros and cons of dealing with Financial Aims LTD in our objective assessment.
Is Financial Aims LTD a Fraudulent FinTech and Forex Platform?
A company with the same name that has been registered in the UK since 2002 purports to be the owner of Financial Aims LTD, which portrays itself as a genuine financial institution situated in the UK.
But there are big inconsistencies that show the opposite when you look closely. A possible effort to replicate an existing financial institution to seem authentic—commonly known as a clone company—is indicated by the fact that the location shown on the company’s website does not match the one registered with Companies House.
Furthermore, the fact that Financial Aims LTD is noticeably not included in the FCA database suggests that the broker does not possess the necessary authorization to do business. For prospective investors, the absence of FCA regulation is a major warning sign.
In addition, the restrictions set out by the European Securities and Markets Authority (ESMA) limit retail traders in the EU and UK to 1:30 leverage, and Financial Aims LTD’s trading leverage, which ranges from 1:100 to 1:500, flagrantly disregards this limitation. The company’s flagrant contempt for regulatory rules is further shown by this disproportionate leverage.
In conclusion, investors are hampered in their efforts to benefit or withdraw their cash by Financial Aims LTD, an unregistered broker with questionable activities. Financial Aims LTD is not a company that investors should put their money into.
Where Are the Victims of the Financial Aims LTD Scam Located?
The UK and Lithuania are the countries where the Financial Aims LTD trading scam is most common.
In addition, data from a web-based platform indicates that there were more than 10,000 visits in January 2023, with the bulk of those visitors hailing from Russia and Bulgaria. Investor funds are in danger because the broker does business illegally in many jurisdictions.
How Can We Choose an Online Trading Platform?
The trading platform of Financial Aims LTD is another failure that we should examine. With its branding, the business offers a simple proprietary app. There aren’t any additional features or tools available, except trade history. Naturally, the many charts and indicators are in line with TradingView, a no-cost charting platform.
The other third-party systems provide more TAs, such as trading bots and social trading features, than this average program. You may compare MetaQuotes Ltd with Financial Aims LTD thanks to their testing account that is available via their website. As soon as you see the difference, you should cut ties with this questionable broker.
Financial Aims LTD: Fees and Spreads
For the EUR/USD benchmark, the spread starts at 0.6 pips, which is rather large. Advertising other costs as low-priced without providing details is common. Conversely, con artists posing as brokers often offer what seem to be amazing deals to lure in unsuspecting investors. Your whole deposit will be found to have been taken once you make the deposit.
Let’s compare and contrast the four distinct account kinds offered by Financial Aims LTD.
Bronze – 1,000 EUR
Silver – 5,000 EUR
Gold – 20,000 EUR
Black VIP – 100,000 EUR
More tradable assets, webinars, and reduced commissions are brought in by each account. True brokers often provide Micro accounts with minimum deposits of as little as $10, however. Financial Aims LTD requires a much larger initial investment.
Financial Aims LTD: Which Trading Assets Are Offered?
Five main asset classes are available via the firm:
- The following currency pairings are available:
EUR/USD, GBP/NOK, and AUD/SEK
- Bullion – palladium, gold, silver
- All three indexes—DJIA, FTSE100, and S&P500
- Equity – Tesla, Intel, Mclaren
- The three main cryptocurrencies are Bitcoin, litecoin, and USDT.
Can I get a trial version of Financial Aims LTD’s software?
Real accounts are the only thing this business offers. The simplest way to put it is that you have to pay to test out their secret technology. The amount will be substantial, depending on the kinds of accounts.
There is a valid reason why you cannot access the Financial Aims LTD Demo account. Everything the firm promised and promised over the phone was a complete fabrication meant to lure you into fraud, and the last thing they want is for you to test the system and find out.
Financial Aims LTD: Fake DMCA Complaint
Financial Aims LTD has concealed its identity as a scammer by using false DMCA takedown notices.
What exactly is faking a DMCA claim?
The “back-dated article” method is used by notifications that have been found. As a consequence of the mistaken notice sender’s or copyist’s decision to backdate a copy of a “true original” article, a “fake original” article is created, giving the impression that it was published before the real original.
The authors of the plagiarized content then approach the appropriate web hosting companies with a demand for removal of content (DMCA) letter, asserting that their work is the “original” and “infringing” material, respectively. So that the article doesn’t stay online in any manner, the person who sent the false notification removes the fake original URL after the DMCA request. If the takedown request is successful, websites will delete content that is probably just free speech.
The following information may be useful as you continue reading the inquiry, so please keep it in mind before we go further:
There was no fraudulent publication of the original article.
The data from the Lumen Database, which are mentioned above, and can be seen on the Google Transparency Reports, prove that the DMCAs were submitted by a fake.
Financial Aims LTD: People reviews About it
We should check the reviews of Financial Aims LTD.
If you are looking for a broker, go no further than Financial Aims LTD. Past clients were unhappy with the service they received and the high initial deposit required to open an account was enough to convince them that Financial Aims LTD was not who they claimed to be.
Conclusion
The UK-based financial firm Financial Aims LTD pretends to be something it is not. There are many warning signs that this organization is a clone operation involved in fraud, despite its assertions of established operations and conformity with regulations.
A legal license from the Financial Conduct Authority (FCA) is essential for any reliable financial broker, but Financial Aims LTD does not have one. The fact that the company’s registered address with Companies House is quite different from its website address further supports the idea that it is a clone trying to steal the good name of a real business.
Financial Aims LTD’s trading leverage, which ranges from 1:100 to 1:500, blatantly goes beyond the rules set down by the European Securities and Markets Authority (ESMA), which prohibits ordinary traders from using leverage over 1:30. Disregard for regulatory norms, high initial deposit requirements, and questionable account options all point to the firm’s goal of taking advantage of its consumers instead than helping them.
Financial Aims LTD’s illegal and fraudulent practices have caused losses for victims from the UK, Lithuania, Russia, and Bulgaria. Its dishonest actions are further highlighted by the fact that it does not provide a demo account and uses phony DMCA claims to hide its illegal activity.
Investors should stay away from Financial Aims LTD to safeguard their money and not fall for their complex fraud, because of these serious problems.
