In this Finarium and Grand Trade review we reveal a document that proves that both these brokers are scams.
Depending on the trading account you will receive education materials, training, trading signals and a personal account manager.
Finarium Option claims to be owned and controlled by the company Oracle Stone, which is based in the UK. However, at the same time it shows a financial license from Belize.
Grand Trade is pretty much the same binary options broker as Finarium Option. It also has four types of trading accounts with minimum deposits from $250 to $2,000, with education materials, trading signals and so on.
The connection between these two brokers is proven by the same parent company Oracle Stone. Which again, is supposedly based in London, but has a financial license from Belize.
Finarium Option and Grand Trade scams
The main problem of Finarium Option and Grand Trade is that these broker are not located in the UK nor Belize and are not regulated. These brokers are not authorized to provide their services anywhere, in most countries they cannot seek clients legally.
What is more, Finarium Option and Grand Trade have forged their Belize license. This was confirmed by the International Financial Services Commission (IFSC) from Belize, these brokers are not registered nor authorized there!
Forging a financial license is total fraud and it proves that you cannot trust these brokers at all. They are cheating and depositing money with them would be equal to throwing your money out of the window!
Grand Trade and Finarium Option review conclusion
Grand Trade and Finarium Option are scam brokers operated by the same company that has forged its financial license, stay away from them!
If you want to trade binary options or other financial instruments, do it with regulated brokers only and always start on a free demo to try everything without risking real money.
Before potentially investing real money you have to build a profitable strategy and understand the risks.