Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
How often do you come across brokerage companies registered as legal entities in Greece? This is a rather rare occurrence. However, it does not mean the platform can be trusted. Without thoroughly checking its license and other aspects of its operations, it is not worth investing money in, as it could turn out to be an ordinary scam. In this Finnso review, we will examine such a company and find out what is hidden behind the fancy words about safety.
Let us start, as always, with the official website. The color scheme is extremely poor: neon-purple buttons and dull pastel backgrounds that hurt the eyes and create no sense of seriousness. There are many information sections, but in reality, each one repeats the same thing: “We are great, we have CFDs, and we care about security”.
Finnso uses meaningless content and pseudo-motivational phrases. Paragraphs with lines like “We give you a competitive edge” or “Trade with confidence” are repeated multiple times on different pages.
The site overall feels like a standard template. The only thing the company can be praised for is providing registration details and a full set of legal documents. Oh, and the site also supports seven languages.
In its contact section, Finnso lists phone numbers for five countries: Sweden, Austria, the Netherlands, Portugal, and Italy. However, in small print at the bottom, there is a note stating that the company does not have offices or a permanent presence in any of these jurisdictions. This means the numbers are simply communication channels, not actual offices. There is also an email address, support@finnso.com, and a feedback form. Support service hours are listed as Monday–Friday, from 9:00 a.m. to 8:00 p.m. (EST).
There are no other communication channels. While an online chat is a standard feature for any client-oriented and serious company — as it allows customers to quickly contact support and resolve issues — the firm offers no social media or messenger accounts either.
Finnso’s account lineup consists of three types: Silver, Gold, and Platinum. The difference between them lies in the size of discounts on spreads and swaps:
However, the website does not specify the actual spread values for each instrument, only these percentages, which makes it difficult to assess the real cost of trades. By comparison, reputable brokers like XM or IC Markets display spreads for each instrument in tables accurate to the pip. Commissions per trade are also not disclosed directly — they have to be searched for in PDF documents.
Leverage is limited by EU regulatory requirements:
The broker offers a standard set of CFD instruments:
Finnso operates as a dealing desk. In other words, the company does not route client orders to the interbank market or liquidity providers, but processes them internally. This creates a conflict of interest, as the broker profits when clients lose money. This is an important factor to consider when choosing a brokerage platform.
Now let’s break the company down and verify all its details. The organization operates under the brand DXA Capital Investment Services S.A. In the Greek HCMC registry, this legal entity is indeed listed, holding license No. 2/997/5.10.2023 and a registered address in Athens at 23 Rigillis Street. Formally, Finnso is a legitimate organization authorized to provide investment services in the EU. On paper, everything appears clean.
However, it is important to understand the nuances. An HCMC license is far from the level of top-tier regulators such as the FCA (United Kingdom), ASIC (Australia), or CFTC/NFA (United States). These authorities impose strict requirements for capital adequacy, reporting, client fund protection, and mandatory insurance. The Greek regulator is, to put it mildly, not in the top ten in terms of authority: it applies less supervisory pressure, has weaker oversight over compliance, and conducts fewer public audits.
Put simply, a broker with an FCA license misleading clients about its terms would almost certainly lose that license, whereas with an HCMC license, operations can be conducted in a much grayer area. This is why many European brokers seeking to inspire trust choose the Cypriot CySEC or the UK’s FCA rather than Greece’s HCMC.
A separate problem is the length of the operation. The firm received its license only in October 2023, and its domain was registered that same year. By brokerage industry standards, that is practically yesterday. They have no long history, no established reputation, and no proven record of stability during crisis periods. Top-tier players have been operating for decades and have weathered various market phases — Finnso has no such experience yet. For a trader, this is a risk: today the broker is in business, and tomorrow it could simply shut down or change its legal entity.
You can find positive reviews about Finnso online, but their content and style raise serious doubts about authenticity. The comments are formulaic, overloaded with compliments like “fantastic team” or “highly recommended”. All of this points to a high probability that the reviews are paid for and were created to artificially build a positive image.
Yes, Finnso does have an HCMC license, but this is not the same level of protection offered by the world’s leading regulators. The site is a typical template filled with empty promises, and the trading conditions are incomplete and not always transparent. The short time in business and the lack of a proven reputation make this company a weak choice for serious traders. It is important not to be swayed by marketing gloss and to assess the real risks.
I do not believe this is a good or safe platform for trading. The licensing is weak, and the positive reviews appear to be fake. The conditions are only partially disclosed. In short, you can easily lose your money here. Why take that risk?
I worked with Finnso for a couple of months and will never go back. In reality, the spreads were higher than the managers claimed. The platform had delays, and during news releases, orders were executed at worse prices. Withdrawing funds took almost two weeks, and that was only after constant reminders to support. It felt like the broker was more interested in clients losing money than in their success.