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FinMarket Review
FinMarket was a Cyprus based forex and CFD brand. Its regulated parent company was bought by FTX in 2022, and the old license now belongs to a different, unrelated business.
Min Deposit
N/A
Spreads From
Not applicable, old published figures no longer reflect a live service
Max Leverage
Not applicable, its CySEC license no longer covers FinMarket
Platforms
MetaTrader 4 (used historically), WebTrader (used historically)
Pros
- Held a genuine CySEC license, number 273/15, from April 2015
- Gave clients MetaTrader 4 plus a web platform and a mobile app
- Was covered by the CySEC Investor Compensation Fund while active
- Offered forex, commodities, indices and CFDs on one account
Cons
- No longer operates, its regulated parent became a different company
- License 273/15 now belongs to crypto platform Backpack EU, not FinMarket
- Its own domain, finmarket.com, is now listed for sale by a reseller
- Its parent firm had past ties to Israel's binary options industry
- Some review sites still list it as active, which is out of date now
FinMarket was a forex and CFD brand started around 2015 by a Cyprus firm called K DNA Financial Services. The Cyprus Securities and Exchange Commission gave it license 273/15 on 23 April 2015. Clients traded forex, commodities, and indices on MetaTrader 4, a web platform, and a mobile app.
In March 2022, the crypto exchange FTX bought K DNA Financial Services to enter Europe. The firm was renamed FTX EU Ltd later that year, just before FTX collapsed worldwide. CySEC suspended license 273/15 on 11 November 2022, and FTX EU let former clients claim final balances. FinMarket did not carry on as a trading brand after this sale.
CySEC lifted the suspension in June 2025 after the crypto firm Backpack bought the company and paid a 200,000 euro settlement. License 273/15 now belongs to Trek Labs Europe Ltd, trading as Backpack EU, a crypto platform with no link to FinMarket clients. FinMarket's old web address is now for sale, and some review sites still show it as if it were open.
Max Leverage
Not applicable, its CySEC license no longer covers FinMarket
Spreads From
Not applicable, old published figures no longer reflect a live service
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
