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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 name | Finazio |
| Domain | https://www.finaz.io |
| Domain registrar | NameCheap |
| Legal entity | Finaz.io Ltd |
| Jurisdiction | Marshall Islands |
| Platform | PandaTS |
| Support | +44 20 808 99233 +44 7951 359306 |
| Warnings | CNMV |
| Related brands | Globalix, 24WaysFX, BrokerZ |
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.
