FinTelegram, a leading source of financial news and investigations, has issued a warning to the public regarding the emergence of FinRate, an online platform claiming to be a legitimate rating agency. However, upon further investigation, FinTelegram has discovered that FinRate is nothing more than a mere clone of the reputable cyber rating agency PayRate42. Despite its alleged location in Singapore's prestigious Suntec Tower, FinTelegram has uncovered several concerning red flags associated with this platform. As such, we urge caution and advise against engaging with or relying on FinRate for any financial evaluations, as it poses a significant risk to individuals and businesses alike. Stay informed and stay safe with FinTelegram.