Abstract：Established in 2022, Finansys FX is an offshore forex broker registered in Marshall Islands, offering its clients diversified trading instruments, three trading accounts to choose from, with leverage up to 1:1000. Finansys FX do not establish accounts to residents of certain jurisdictions including Japan, Iran and USA.
Established in 2022, Finansys FX is an offshore forex broker registered in Marshall Islands, offering its clients diversified trading instruments, three trading accounts to choose from, with leverage up to 1:1000. Finansys FX do not establish accounts to residents of certain jurisdictions including Japan, Iran and USA.
As far as we can tell, Finansys FX is not governed by any regulatory authorities, thus that bit of data is settled. As a result, its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.06 out of 10 overall. Don't be oblivious to the potential danger.
Finansys FX boasts that its clients can get access to a massive financial markets. Diversified range of trading instrument, such as Foreign Exchange, Stocks, Cryptocurrencies, Commodities, CFD products, Futures are all available with this brokerage platform.
There are four trading accounts available with the Finansys FX platform, namely the Standard, Professional, Business, and Business Plus accounts. To open a Standard account, investors need to fund at least $250 into the account. While the other three accounts require much higher amounts, from $10,000, $30,000, and $100,000, respectively.
Some basic account services shared with all three trading accounts include the following:
Different levels of welcome bonus are offered along with accounts, with the professional account up to 30%, the Business Account up to 50%, and the Business Plus account up to 100%.
The Standard account doesn't qualify for the services of an account manager and Islamic options, but the other three do. Besides, 24-hour trading is supported for all four accounts.
Problematically, Finansys FX allows traders to use leverage of up to 1:1000, which is much above the levels considered appropriate by the vast majority of regulators. Offering high leverage is just a typical tactic for offshore businesses, and the only reason Finansys FX does is to attract additional clients.
Spreads & Commissions
Finansys FX hypes that spreads on its platform start from 0.0 pips on its homepage, but when you click the “Forex” link, it says that spreads on certain instruments starting at 0.2 pips.
When it comes to trading platforms available, Finansys FX employs a proprietary web-based interface named Finansys FX webtrader, which is quite simplistic compared to other popular trading platforms such as MetaQuotes.
Deposit & Withdrawal
The minimum deposit amount to invest with Finansys FX is $250, and payment methods supported by this broker include the following:
Deposit and withdrawal fees, processing times, and minimum withdrawal amounts are not provided, among other facts that could be helpful.
According to Finansys FX 's website, it provides the following contacting emails for various types of inquiries:
Technical Support: firstname.lastname@example.org
Leave an Appointment: email@example.com
Registered Office Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshal Islands MH96960
There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.
Please keep in mind that the data presented in this article is meant to serve as a guideline only.
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