Our investigation into FinoFY found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is FinoFY?
On the surface, FinoFY looks like an ordinary forex and crypto broker. Its public site is presented at https://www.finofy.ai/. But surface impressions are exactly what these operations rely on — the substance behind FinoFY is where the problems begin.
Is FinoFY regulated?
We could find no evidence that FinoFY holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Unrealistic profit claims and pressure to deposit more
- No credible physical address or verifiable corporate record
- Offshore or shell-company registration used to avoid oversight
- Aggressive “account managers” coaching clients to deposit
- No verifiable licence from a recognised financial regulator
Our analysis
In 2022, the Securities Commission Malaysia (SC) issued a warning against FinoFY that this firm is carrying out of the unlicensed capital market activities of offering investment advice. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list
Can you recover money lost to FinoFY?
If you have deposited with FinoFY, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by FinoFY?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.