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Financika

Vanuatu|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.financikatrade.com/

Website

Rating Index

Contact

+27104464214
customer.service@financika.com
https://www.financikatrade.com/
Arch. Makariou III, 55 Athiainou, 7600 Larnaca, Cyprus

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

1G

40G

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Contact number

English

+27104464214

French

+27212004239

Broker Information

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Company Name

Financika (Sharp Trading) Ltd

Company Abbreviation

Financika

Platform registered country and region

Vanuatu

Company website
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Warning: Low score, please stay away!
Previous Detection : 2023-12-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Financika · Company Summary

BASIC INFORMATION

Financika Trade is an online forex broker, offering a range of financial instruments to both beginners and veterans. Operated by Sharp Trading Ltd, Financika is registered with the Vanuatu Financial Services Commission (VFSC) and also operates as a European entity in Cyprus. The companys customer service address is based in Bulgaria, but its clients can be found from Europe to Chile, Mexico, Peru, and Colombia.

REGULATORY INFROMATION: LICENSE

No valid regulatory information. Please be aware of the risk!

MARKETS

Financika offers a variety of products:

· Currencies – Trade 40+ major, minor, and exotic currency pairs including the EUR/GBP & USD/GBP.

· Indices – Trade 7 of the worlds most popular indices including the FTSE, Dow Jones, and DAX.

· Stock CFDs – Trade on over 90 global companies such as Apple, Facebook, and Uber.

· Commodities – Trade on gold, silver, oil, wheat, and more

MINIMUM DEPOSIT

Financika only offers one standard account, which you can sign up for on the home page. The minimum deposit requirement is $200.

SPREADS & COMMISSIONS

For major forex pairs such as the EUR/USD and GBP/USD, spreads start from 3 pips – higher than at most other brokers. Brent crude oil is offered at a spread value of $0.12, whilst for silver and gold, it ranges from $0.04 to $1 respectively.

There are other costs to be aware of, for example, a swap fee on positions held overnight and a significantly high inactivity fee of $500, charged quarterly. This is much higher than fees levied against dormant accounts at other brokers.

LEVERAGE

Leverage at Financika ranges from 1:10 on CFD shares to 1:200 on commodities and forex with indices offered at 1:100.

PAYMENT METHODS

Deposits

Deposits can be made via credit card, bank wire transfer, and e-wallets (Skrill and Neteller). Note the minimum deposit amount for a credit card is $200. Credit cards and wire transfers take 2 – 5 business days to process, while deposits via an e-wallet can take up to 5 business days.

Withdrawals

Withdrawals can be made via the same methods, with an average processing time of 4 – 5 business days.

TRADING PLATFORMS

Financika offers WebPROfit, a non-downloadable trading platform suitable for all levels.

ACCEPTED COUNTRIES

Financika accepts traders from Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders cannot use Financika from United States, United Kingdom, Spain

TRADING HOURS

Users can trade forex and commodities from 22:00 GMT on a Sunday until 22:00 GMT on a Friday. CFD trading hours vary as follows:

· US markets – 2:30 pm – 9:00 pm GMT, Mondays to Fridays

· European & British markets – 8:00 am – 4:30 pm GMT, Mondays to Fridays

· Asian markets – 0:00 am – 2:00 am GMT and 3:30 pm – 6:00 pm GMT, Mondays to Fridays

CUSTOMER SUPPORT

Customers can access 24/7 support via:

· Online request form – Contact Us page

· Telephone contact number – +27212004239 (South Africa)

· Email – customer.service@financika.com

· Live chat – logo located in the bottom right-hand corner of the website

User Reviews

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FX1457260991
more than one year
I've been trading with Financika for a while now and I have mixed feelings about them. On the one hand, their trading environment is pretty laid-back and their customer service team is pretty helpful and knowledgeable. However, I have to say that their spreads are a bit wider than I'd like, so I'm not always getting the best deal.
2023-03-29 10:29
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0
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FX1271592093
more than one year
I was shocked to find out that this company no longer provides financial investment services. When I opened the website, a pop-up window like this appeared, and then I couldn't browse the website normally.
2023-02-23 11:47
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