Finecsa Review - Is It a Legit Forex Broker? - WikiFX

WikiFX | 2025-05-08 16:24

Abstract：Finecsa is an unregulated broker registered in 2019 in Saint Lucia, specializing in cryptocurrencies, forex, CFDs, stocks, indexes, and commodities.

FinecsaReview Summary
Founded	2019
Registered Country/Region	Saint Lucia
Regulation	No regulation
Market Instruments	Cryptocurrencies, forex, CFDs, stocks, indexes, commodities
Demo Account	❌
Leverage	Up to 1:600
Spread	Variable
Trading Platform	Web trader, mobile APP
Minimum Deposit	$500
Customer Support	Contact form
	Tel: +56232103517 (Chile); +525541663011 (Mexico City); +5078365562 (Panama City); +552135000556 (Brazil); +5117070409 (Peru); +50321131969 (El Salvador); +50223028469 (Guatemala City); +576015084298 (Colombia)
	Email: soporte@finecsa.com
	Address: Avenida Diagonal 511-521, Barcelona, 08014, Spain

Finecsa was registered in 2019 in Saint Lucia, specializing in cryptocurrencies, forex, CFDs, stocks, indexes, and commodities. It provides three types of accounts, with a minimum deposit of $500 and a maximum leverage of 1:600. However, it uses its own trading platforms and it is not regulated, which means potential risks still exist.

Pros and Cons

Pros	Cons
Diverse tradable assets	Lack of regulation
Popular payment options	No demo accounts
Multiple channels for customer support	No MT4 or MT5
	No copy trading
	High minimum deposit

Is Finecsa Legit?

No, Finecsa is not regulated by financial regulatory authorities in Saint Lucia, which means the company lacks regulation from its registration site. Please note the potential risks!

What Can I Trade on Finecsa?

Finecsa provides several types of assets, including cryptocurrencies, forex, CFDs, stocks, indexes, and commodities.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Commodities	✔
Indexes	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Finecsa offers three types of accounts: Basic, Standard, and Premium Account. However, it does not mention whether a demo account is available or not. Besides, the spread and commission fees are not clear.

Account Type	Deposit Currency	Minimum Deposit	Maximum Leverage
Basic Account	USD, EUR, GBP	$500	1:200
Standard Account	USD, EUR, GBP	$5,000	1:400
Premium Account	USD, EUR, GBP	$10,000	1:600

Leverage

The leverage can be up to 1:600, which is not low. Traders need to consider carefully before investing, because high leverage is likely to bring high potential risks

Trading Platform

Finecsa uses its own trading platforms which are available on PC, web, and mobile devices. It does not support the commonly used platforms like MT4 or MT5.

Trading Platform	Supported	Available Devices	Suitable for
Web Trader	✔	PC, web	/
Mobile APP	✔	Mobile	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

Finecsa supports different types of payment options: VISA, Maestro, MasterCard, Skrill, SWIFT, Neteller, and citibank. Besides, accepted currencies are USD, EUR, GBP. However, other details such as the processing time and commission fees are not clear.