Fintech Online Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-03 13:54

Abstract：Registered in the United Arab Emirates, Fintech Online is a forex broker providing access to multiple products. It 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. The provided trading platform is MT5. Nevertheless, it is under unregulated status and their website is not available.

　　Note: Fintech Online' official website: https://fintechonlinefx.com/ is currently inaccessible normally.

Fintech Online Review Summary
Founded	/
Registered Country/Region	United Arab Emirates
Regulation	Unregulated
Market Instruments	300+ Indices, Real stocks, CFDs on stocks, Forex, ETFs, Oil, and Metals
Demo Account	/
Leverage	Up to 1:100
Spread	From 0.7 pips
Trading Platform	MT5
Min Deposit	100 USD/EUR
Customer Support	Email: support@fintechonlinefx.com
Customer Support	Address: Office 1309, 13th floor, Creative Tower, Fujairah, United Arab Emirates

　　Registered in the United Arab Emirates, Fintech Online is a forex broker providing access to multiple products. It 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. The provided trading platform is MT5. Nevertheless, it is under unregulated status and their website is not available.

Pros and Cons

Pros	Cons
Wide selection of trading assets	Inaccessible website
Three types of trading accounts available	No regulation
MT5 trading platform	Withdrawal fee charged
Popular payment options	Limited contact channel

Is Fintech Online Legit?

　　Fintech Online is an unregulated broker. Besides, as of now, their website is not available for traders to look through the trading conditions. Therefore, it is not a legit broker and will cause more risk to trade.

What Can I Trade on Fintech Online?

　　Fintech Online offers 300+ Indices, Real stocks, CFDs on stocks, Forex, ETFs, Oil, and Metals.

Tradable Instruments	Supported
Indices	✔
Real Stocks	✔
CFDs	✔
Forex	✔
ETFs	✔
Oil	✔
Metals	✔
Cryptos	❌
Bonds	❌
Options	❌

Account Type

　　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 traders, who want access all major financial markets from a single account.

Account Type	MinDeposit
Standard	$100
Professional	$1,000
Prime	$5,000

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).

Spread

Account Type	Spread
Standard	From 1.0 pips
Professional	From 0.8 pips
Prime	From 0.7 pips

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.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	/	Beginners
MT4	❌	/	Experienced traders

Deposit and Withdrawal

　　Fintech Online supports various payment methods including bank transfers, popular e-wallets, and credit/debit cards.

　　However, card withdrawals reportedly incur a 2.4% fee, while some e-wallet transactions have commissions ranging from 0.5% to 2%. It should be noted that all deposit and withdrawal fees for bank transactions are subject to change on their trading platform.