Company Information

Get to know Hermes Finance OJSC

Hermes Finance OJSC, often operating under names like Hermes Management Ltd., was an offshore company registered in Belize that positioned itself as an investment firm offering high-yield returns through its "Vista" accounts. The company primarily targeted clients in Russia and other CIS countries. It was closely associated with the "Life is Good" holding company and the "Best Way" housing cooperative. Despite its marketing as a legitimate investment service, extensive investigations and warnings from financial authorities have concluded that the operation exhibited the classic characteristics of a Ponzi or pyramid scheme, where returns to earlier investors were paid using capital from new investors.

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Financial InvestmentPRIMARY
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Hermes Finance OJSC

Azerbaijan

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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FSC

ASIC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.