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Score

2.74 /10
Danger

FINANSERO

Cyprus

10-15 years

Regulated in Cyprus

Straight Through Processing(STP)

Suspicious Scope of Business

High potential risk

https://www.finansero.com

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Score

Regulatory Index4.29

Business Index8.30

Risk Management Index0.00

Software Index4.00

License Index1.76

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VPS Standard
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Company Name

Global Trade CIF Ltd

Company Abbreviation

FINANSERO

Platform registered country and region

Cyprus

Company website

Facebook

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-02-01
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

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FINANSERO

Cyprus

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FINANSERO · Company summary
ILimits Invest Review Summary
Founded12 years
Registered Country/RegionCyprus
RegulationRegulated
Market InstrumentsCurrencies, cryptocurrencies, stocks, commodities, indices, ETFs and derivatives
Demo AccountN/A
LeverageUp to 1:200
SpreadN/A
Trading PlatformXCITE App
Min Deposit$200
Customer SupportEmail: customer.service@finansero.comPhone: +447441938812Address: Athalassas 62, Mezzanine, Strovolos, 2012, Nicosia, Cyprus

FINANSERO Information

Established in 2012, FINANSERO is a regulated brokerage firm registered in Cyprus. The firm specializes in CFDs trading across multiple instruments (currencies, cryptocurrencies, stocks, commodities, indices, ETFs and derivatives), with proprietary mobile and desktop platforms (XCITE App). The minimum deposit is $200 while the maximum leverage given is 1:200.

Clients can contact it through multiple methods, including phone number (+447441938812), Email (customer.service@finansero.com) and live chat on Whatsapp and facebook.

FINANSERO Information

Pros and Cons

ProsCons
Proprietary platforms (XCITE)Accounts charge a higher fee at the lower tier
Multiple account typesCharging currency conversion fee and inactive account fee
Regulated stateHigher minimum deposit
Accessible official website with relatively full information

Is FINANSERO Legit?

FINANSERO is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC), with registration number 190/13.

Is FINANSERO Legit?
Regulated CountryRegulated AuthorityRegulated EntityReguted stateLicense TypeLicense Number
Cyprus Securities and Exchange CommissionGlobal Trade CIF LtdRegulatedStraight Through Processing(STP)190/13

What Can I Trade on FINANSERO?

FINANSERO offers CFDS in more than 300 currencies, cryptocurrencies, stocks, forex, commodities, indices, ETFs and derivatives to retail and professional clients.

What Can I Trade on FINANSERO?
Tradable InstrumentsSupported
Commodities✔
Currencies✔
Stocks✔
Indices✔
ETFs✔
Cryptocurrencies✔
Derivatives✔
Forex✔
Mutual Funds❌
Futures❌

Account Types

FINANSERO divides its accounts into nine levels.

Free ebooks and training, customer support Officer, Trading Insider, one-click trading, pop-up alerts, and bita5 are available for all levels.

Unless account assets exceed $5,000, clients will not be able to enjoy the advanced features of Autochartist.

If a trading account is worth more than $100,000, clients can enjoy a 40% discount on prices and rollovers.

BenefitLevel 1Level 2Level 3Level 4Level 5Level 6Level 7Level 8Level 9
Account Equity$200 - $1,999$2,000 - $4,999$5,000 - $9,999$10,000 - $14,999$15,000 - $29,999$30,000 - $49,999$50,000 - $74,999$75,000 - $99,999$100,000 - ∞
Free E-Book & Training✔✔✔✔✔✔✔✔✔
Customer Support Officer✔✔✔✔✔✔✔✔✔
Trading Insider✔✔✔✔✔✔✔✔✔
One Click Trading✔✔✔✔✔✔✔✔✔
POP-UP Alerts✔✔✔✔✔✔✔✔✔
AutochartistXX✔✔✔✔✔✔✔
Price & Rollover DiscountX5%10%15%20%25%30%35%40%
BITA 5✔✔✔✔✔✔✔✔✔
BITA 10XX✔✔✔✔✔✔✔
BITA 15XXX✔✔✔✔✔✔
BITA 20XXXXX✔✔✔✔
Account Types

Leverage

The maximum leverage for retail and professional customers is different. The settings are 1:30 and 1:2000, respectively.

Trading account Leverage for Retail Clients:

INSTRUMENT CATEGORYLEVERAGE
Major Currency Pairs CFDsNon – Major Currencies Pairs CFDs1:301:20
Commodities CFDs:• GOLD• Rest of Commodities1:201:10
Indices CFDs:• ASX 200, CAC40, DAX, Dow Jones, FTSE, Nasdaq, Nikkei, S&P 500• Rest of Indices1:201:10
Single Stocks CFDs1:5
ETF CFDs1:5
Synthetic Derivatives CFDs1:5
Cryptocurrencies CFDs:1:2
Educational Positions1:20

Trading account Leverage for Professional Clients:

INSTRUMENT CATEGORYLEVERAGE
Foreign Exchange currency (Forex) CFDs1:200
Commodities CFDs:• GOLD, silver, OIL• COFFEE• Rest of Commodities1:2001:501:100
Indices CFDs:1:100
Single Stocks CFDs1:10
ETF CFDs1:10
Synthetic Derivatives CFDs1:5
Cryptocurrencies CFDs:1:2
Educational Positions1:20
Leverage
Leverage

FINANSERO Fees

If the first 5 trades fail, the broker will refund your money.

As for fees, details of rollover fees for different products are shown below:

CFD ProductRollover Fee
Currencies0.015% of the overnight exposure
Commodities0.022% of the overnight exposure
Indices0.0165% of the overnight exposure
Shares0.055% of the overnight exposure
ETFs0.0165% of the overnight exposure
Synthetic DerivativesDepend on the derivatives
Cryptocurrencies0.50% (Retail Clients) 0.50% (Professional Clients)

In addition, accounts with no trading activity for at least three months may be subject to a quarterly fee of €150. The currency conversion fee is 0.7% of realized net profit and loss on the transaction and is reflected in real time in unrealized net profit and loss on the position.

Trading Platform

FINANSERO provides its proprietary trading platform, namely XCITE.

Trading PlatformSupportedAvailable DevicesSuitable for
XCITE✔Windows, MAC, IOS, AndroidInvestors of all experience levels
Trading Platform

Deposit and Withdrawal

The payment methods include visa, Diner Club, Mustercard, Bank Transfer, Apple Pay, Skrill, Google Pay, OEAL, and Open Banking.

Accessible payment method with a minimum deposit of €200.

Withdrawals will be credited back in the same way as deposits. If there are any funds left, it will be credited to designated bank account.

No commission is charged for deposit and withdrawal.

Deposit Options:

Deposit OptionsMin. DepositFeesProcessing Time
International Credit/ Debit Cards€200No CommissionInstant
Several E-wallets€200No CommissionInstant
Wire Transfer€200No CommissionIt may take up to 5 business days

Withdrawal Options:

Withdrawal OptionsMin. WithdrawalFeesProcessing Time
International Credit/ Debit CardsN/ANo CommissionFINANSERO processes it within 24 hours. After that, it depends on your bank or e-wallet.
Several E-walletsN/ANo CommissionFINANSERO processes it within 24 hours. After that, it depends on your bank or e-wallet.
Wire TransferN/ANo CommissionFINANSERO processes it within 24 hours. After that, it depends on your bank or e-wallet.
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

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FX1348436520
more than one year
Undoubtedly, FINANSERO’s trading environment is quite transparent and easy to navigate. However, the maximum leverage offered is relatively low compared to other brokers. Additionally, the process of withdrawing funds via credit card can be quite slow, taking several working days to complete. Overall, while FINANSERO may be a good choice for those who prioritize transparency and reliability, it may not be the best option for traders looking for higher leverage or faster withdrawal options.
Undoubtedly, FINANSERO’s trading environment is quite transparent and easy to navigate. However, the maximum leverage offered is relatively low compared to other brokers. Additionally, the process of withdrawing funds via credit card can be quite slow, taking several working days to complete. Overall, while FINANSERO may be a good choice for those who prioritize transparency and reliability, it may not be the best option for traders looking for higher leverage or faster withdrawal options.
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2023-03-21 18:35
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