Ikhtisar: Founded in 2012, FINANSERO is a regulated brokerage company registered in Cyprus. This firm specializes in CFDs trading in multiple instrument types with its proprietary mobile and desktop platforms. FINANSERO has different account tiers that vary based on increasing account equity. However, these accounts charge a higher fee at the lower tier. The currency conversion fee and inactive account fee can further eat into investors' returns.
ILimits Invest Review Summary | |
Founded | 12 years |
Registered Country/Region | Cyprus |
Regulation | Regulated |
Market Instruments | Currencies, cryptocurrencies, stocks, commodities, indices, ETFs and derivatives |
Demo Account | N/A |
Leverage | Up to 1:200 |
Spread | N/A |
Trading Platform | XCITE App |
Min Deposit | $200 |
Customer Support | Email: customer.service@finansero.comPhone: +447441938812Address: Athalassas 62, Mezzanine, Strovolos, 2012, Nicosia, Cyprus |
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.
Pros | Cons |
Proprietary platforms (XCITE) | Accounts charge a higher fee at the lower tier |
Multiple account types | Charging currency conversion fee and inactive account fee |
Regulated state | Higher minimum deposit |
Accessible official website with relatively full information |
FINANSERO is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC), with registration number 190/13.
Regulated Country | Regulated Authority | Regulated Entity | Reguted state | License Type | License Number |
Cyprus Securities and Exchange Commission | Global Trade CIF Ltd | Regulated | Straight Through Processing(STP) | 190/13 |
FINANSERO offers CFDS in more than 300 currencies, cryptocurrencies, stocks, forex, commodities, indices, ETFs and derivatives to retail and professional clients.
Tradable Instruments | Supported |
Commodities | ✔ |
Currencies | ✔ |
Stocks | ✔ |
Indices | ✔ |
ETFs | ✔ |
Cryptocurrencies | ✔ |
Derivatives | ✔ |
Forex | ✔ |
Mutual Funds | ❌ |
Futures | ❌ |
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.
Benefit | Level 1 | Level 2 | Level 3 | Level 4 | Level 5 | Level 6 | Level 7 | Level 8 | Level 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 | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
Autochartist | X | X | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
Price & Rollover Discount | X | 5% | 10% | 15% | 20% | 25% | 30% | 35% | 40% |
BITA 5 | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
BITA 10 | X | X | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
BITA 15 | X | X | X | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
BITA 20 | X | X | X | X | X | ✔ | ✔ | ✔ | ✔ |
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 CATEGORY | LEVERAGE |
Major Currency Pairs CFDsNon – Major Currencies Pairs CFDs | 1:301:20 |
Commodities CFDs:• GOLD• Rest of Commodities | 1:201:10 |
Indices CFDs:• ASX 200, CAC40, DAX, Dow Jones, FTSE, Nasdaq, Nikkei, S&P 500• Rest of Indices | 1:201:10 |
Single Stocks CFDs | 1:5 |
ETF CFDs | 1:5 |
Synthetic Derivatives CFDs | 1:5 |
Cryptocurrencies CFDs: | 1:2 |
Educational Positions | 1:20 |
Trading account Leverage for Professional Clients:
INSTRUMENT CATEGORY | LEVERAGE |
Foreign Exchange currency (Forex) CFDs | 1:200 |
Commodities CFDs:• GOLD, silver, OIL• COFFEE• Rest of Commodities | 1:2001:501:100 |
Indices CFDs: | 1:100 |
Single Stocks CFDs | 1:10 |
ETF CFDs | 1:10 |
Synthetic Derivatives CFDs | 1:5 |
Cryptocurrencies CFDs: | 1:2 |
Educational Positions | 1:20 |
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 Product | Rollover Fee |
Currencies | 0.015% of the overnight exposure |
Commodities | 0.022% of the overnight exposure |
Indices | 0.0165% of the overnight exposure |
Shares | 0.055% of the overnight exposure |
ETFs | 0.0165% of the overnight exposure |
Synthetic Derivatives | Depend on the derivatives |
Cryptocurrencies | 0.50% (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.
FINANSERO provides its proprietary trading platform, namely XCITE.
Trading Platform | Supported | Available Devices | Suitable for |
XCITE | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
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 Options | Min. Deposit | Fees | Processing Time |
International Credit/ Debit Cards | €200 | No Commission | Instant |
Several E-wallets | €200 | No Commission | Instant |
Wire Transfer | €200 | No Commission | It may take up to 5 business days |
Withdrawal Options:
Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
International Credit/ Debit Cards | N/A | No Commission | FINANSERO processes it within 24 hours. After that, it depends on your bank or e-wallet. |
Several E-wallets | N/A | No Commission | FINANSERO processes it within 24 hours. After that, it depends on your bank or e-wallet. |
Wire Transfer | N/A | No Commission | FINANSERO processes it within 24 hours. After that, it depends on your bank or e-wallet. |