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/10

Fintech Online

United Arab Emirates|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://fintechonlinefx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
OnlineFintech-Demo MT5
Server Location Luxembourg

Contact

support@fintechonlinefx.com
https://fintechonlinefx.com/
Office 1309, 13th floor, Creative Tower, Fujairah, United Arab Emirates

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

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Broker Information

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Company Name

Fintech Forex Ltd

Company Abbreviation

Fintech Online

Platform registered country and region

United Arab Emirates

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Fintech Online · Company Summary

Basic Information
Registered Countries United Arab Emirates
Regulation No License
Company Name Fintech Forex Ltd
Minimum Deposit $100
Maximum Leverage 1:100
Minimum Spread 0.7 pips
Trading Platform MT4 trading platform
Trading Assets Forex, Indices, Metals, Oil and Equities
Payment Methods N/A
Customer Support Email Phone, Online Chat Support

General Information

Registered in the United Arab Emirates, Fintech Online is a forex broker providing access to a massive financial market. Fintech Online provides three trading accounts, with the lowest required opening deposit being $100, and traders can employ a maximum leverage of 1:100 on their positions.

However, when it comes to regulatory information, Fintech Online disappoints us as it is not authorized or regulated by any regulatory authority. WikiFX gave it a very low score of only 1.17/10.

wikifx

Market Instruments

With Fintech Online, traders can gain access to more than 100 currency pairs, Metals, as well as CFD on US Stocks, Indices and Oil.

Account Types

There are three types of trading accounts available: Standard, Professional and Prime accounts.

The Standard accounts is intended for experienced traders, requiring a minimum deposit of 100 USD/EUR. The Professional accounts are intended for professional traders who prefer “advanced” trading conditions. The Prime accounts are for experienced trader, who want access all major financial markets from a single account.

account-types

Spreads & Commissions

Trading accounts set spreads and commissions. With the standard account, spreads start from 1.0 pips, the professional account starting from 0.8 pips, and the Prime account from 0.7 pips.

Leverage

The maximum trading leverage offered by this broker is up to 1:100, and specific leverage is determined during the registration on the basis of your experience and knowledge.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size (no more than a 1:10).

Trading Platform

Fintech Online claims that it provides the world-leading MT5 trading platform. However, Fintech Onlines MT5 trading platform requires a digital signature and sensitive information such as an ID Card to be uploaded.

Payment Methods

Fintech Online claims to accept various payment methods, including bank wire transfers, credit/debit cards (VISA, MasterCard), and e-wallet payment systems such as PayPal, Skrill, Webmoney, FasaPay, and Neteller.

Besides, this broker also apply a withdrawal fee which is a percentage ranging from 0.5% to 2.4% depending on the payment method.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
Three types of trading accounts available No regulation
Wide selection of trading assets Withdrawal fees
MT5 trading platform Completely anonymous website
No online chat support
Limited payment methods
No MT4 trading platform available

Frequently Asked Questions

What types of trading accounts does Fintech Online provide?

Three types of trading accounts are available: Standard, Professional and Prime.

What is the minimum deposit required to open accounts?

The minimum deposit required to open an account is $100 for a standard account.

What spreads can I expect from Fintech Online?

Fintech Online claims to be offering a tight spreads starting from 1.0 pips for their standard accounts, from 0.8 pips for professional and from 0.7 pips for prime.

User Reviews

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Comments

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cathy72134
more than one year
I see Fintech Online has put reviews on again to put their ratings up it can’t be real cus the whole thing is a scam and it’s not good that they can put a few reviews up again to get credit and to carry on ripping people off!
2023-02-28 15:26
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0
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FX1071083505
more than one year
I am an experienced trader and I love to try different types of new brokers. This broker impresses a lot, wide range of trading instruments, friendly minimum deposit, competitive spreads. I’ve made my decision to give it an opportunity, why not? I like trading with fresh and dynamic brokers.
2022-12-02 13:49
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Jasmine
more than one year
Great broker! It's a young brokerage firm. There are a variety of tools to trade, narrow spreads, zero commission, very fast execution, free deposits and withdrawals, supreme mt5 trading platform, as well as abundant educational resources.
2022-12-02 11:19
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