FinMarket once operated under a genuine Cyprus Securities and Exchange Commission authorisation held by K DNA Financial Services Ltd. The licence’s history then intersected with FTX: the licensed company was acquired and reorganised as FTX EU Ltd before the exchange group collapsed in November 2022. CySEC suspended the authorisation around 11 November, citing suspected issues that included the suitability of the management body and safeguards for client assets.
The licence suspension was a regulatory action involving the licensed legal entity, not proof that every FinMarket customer account suffered a loss or that every later service using the brand was operated by the same company. The supplied reporting says the licence was subsequently restored after the entity was reorganised under new ownership associated with Backpack and renamed Trek Labs Europe Ltd. That successor’s regulatory status should not be confused with the original retail FinMarket service.
What Happened to the Licensed Entity
CySEC’s response followed an extraordinary corporate event. FTX’s failure created immediate questions about the ownership, governance and safeguarding of funds at its European derivatives arm. The regulator ordered the firm to suspend operations and take steps to protect investors. In later years, the underlying licence and company structure changed again, with a new owner and a different business. The licence’s eventual recovery does not mean that FinMarket’s retail broker service continued unchanged or that all former clients were made whole.
This is why legal-entity details matter more than a familiar trading name. A brand can share a corporate history with a regulated company at one point and later operate under a different owner—or stop operating altogether. A licence number displayed in old material is not enough to establish which company currently accepts a deposit. Traders should compare the name in the account agreement with the regulator’s current register and ask the firm to explain any difference.
Later Reviews Do Not Identify the Operator
The material supplied for this article also describes Trustpilot complaints posted after the 2022 suspension. A review dated 15 April 2025 alleges that funds were frozen after a VIP upgrade and that rule violations were cited when the customer sought a withdrawal. Another dated 8 March 2026 alleges that a trader lost €1,000 after being encouraged to upgrade following an initial profit. These are allegations posted by reviewers. The available material does not establish whether either account was held with K DNA Financial Services, FTX EU, a successor or an unrelated party using the FinMarket name.
The same research says the finmarket.com domain appeared for sale and the review profile was unclaimed at the time it was checked. Those details can change, and they do not independently identify the current owner. BestForex.io has not attributed the later complaints to the CySEC-licensed entity without evidence connecting the accounts to that company.
What a Trader Should Verify
Before relying on a broker’s historic regulation, confirm the current legal name, registration number, website domain and client-money protections directly with the regulator. If a firm has changed hands, ask who is responsible for withdrawals and complaints. When an old brand continues to appear in search results, archived licensing information may describe a prior entity rather than the service a customer is being asked to fund now.
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A Licence Follows an Entity, Not a Brand Name.
FinMarket’s history contains a real CySEC licence, a suspension after the FTX collapse and a later corporate successor. The reported 2025 and 2026 complaints raise separate questions, but the public material supplied does not prove they concern the same licensed entity. Treating those records as interchangeable would overstate what is known.
Anyone researching FinMarket should verify the company that would actually hold their funds today. A past licence, even a genuine one, cannot establish current protection for a different business or an unidentified operator.
About the Company
About FinMarket
Former licensed entity
K DNA Financial Services Ltd
Regulator
CySEC (Cyprus)
2022 action
Licence suspended after FTX collapse
Current brand operator
Not established by the supplied material
See the FinMarket directory profile; confirm any claimed authorisation with the regulator.
Frequently Asked Questions
Why was the FinMarket-linked licence suspended?
CySEC suspended the authorisation held by K DNA Financial Services, later FTX EU, in November 2022 after suspected compliance and client-asset safeguarding issues.
Did the licence later return to an active company?
The supplied reporting says the entity was reorganised under new ownership and the licence was later restored. The successor business is distinct from the original retail FinMarket brand.
Are later FinMarket complaints about the same company?
That is not established in the available material. The post-2022 complaints should not be attributed to the former licensed entity without evidence connecting the customer accounts to it.