Fintech Online-Some Important Details about This Broker

General Information

Registered in the United Arab Emirates, Fintech Online is a forex broker providing access to a massive financial market. Fintech Online 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.

However, when it comes to regulatory information, Fintech Online disappoints us as it is not authorized or regulated by any regulatory authority. WikiFX gave it a very low score of only 1.17/10.

Market Instruments

With Fintech Online, traders can gain access to more than 100 currency pairs, Metals, as well as CFD on US Stocks, Indices and Oil.

Account Types

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

Spreads & Commissions

Trading accounts set spreads and commissions. With the standard account, spreads start from 1.0 pips, the professional account starting from 0.8 pips, and the Prime account from 0.7 pips.

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).

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.

Payment Methods

Fintech Online claims to accept various payment methods, including bank wire transfers, credit/debit cards (VISA, MasterCard), and e-wallet payment systems such as PayPal, Skrill, Webmoney, FasaPay, and Neteller.

Besides, this broker also apply a withdrawal fee which is a percentage ranging from 0.5% to 2.4% depending on the payment method.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Frequently Asked Questions

What types of trading accounts does Fintech Online provide？

Three types of trading accounts are available: Standard, Professional and Prime.

What is the minimum deposit required to open accounts？

The minimum deposit required to open an account is $100 for a standard account.

What spreads can I expect from Fintech Online？

Fintech Online claims to be offering a tight spreads starting from 1.0 pips for their standard accounts, from 0.8 pips for professional and from 0.7 pips for prime.