Financika-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Financika is an online broker owned and operated by Financika (Sharp Trading) Ltd, an investment company registered in Vanuatu. Financika is not subject to any regulation, please be aware of the risk.

Market Instruments

Tradable instruments available on the Financika platform include forex currency pairs, stocks, commodities, indices. The trading assets offered by Financika is rather average.

Minimum Deposit

Financika requires a minimum investment of $200. This is a relatively acceptable level, given the fact the current industry average is probably around $100. However, since Financika is an unregulated broker, it is unsafe for traders to open accounts here.

Leverage

When it comes to trading leverage available, the maximum leverage level offered by Financika is up to 1:200, which is considered the middle ground of contemprory forex landscape. Although the leverage level is not than high, trading with an unregulated broker is not a good option.

Spreads & Commissions

The spread on the EUR/USD pair start from 3.0 pips, which is substantially higher than the industry standards. Most legit brokers offers something narrower, from 1pip to 1.5 pips for the most liquidity currency pairs.

Trading Platform Available

When it comes to trading platform available, the platform of choice of Financika is the web and mobile-friendly PROfit. As we briefly mentioned above, we couldn‘t register an account with this broker, so we couldn’t really play around with the platform. When compared to the industry standards, MT4 trading platform, this is an inferior option.

Deposit & Withdrawal

Payment methods working with Financika seems limited, but very popular: Bank Transfer, Credit Card and Skrill. While other brokers may provide an even bigger diversity, these feel sufficient to most traders (with some major exceptions, like China and Russia, where other solutions are even more dominant).

Customer Service

The Financika customer can be reached through telephone, email, as well as some social media platforms. Unfortunately, Financika does not support live chat.