Thinking of getting into business with Fina Capital? Here is what you must know about this broker. Carefully read this review to find out if finacapital.net is the trading platform you will want to trade with.
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About Fina Capital Broker
Fina Capital is an offshore brokerage company with a lot of offers for traders. The broker claims to use chart patterns and techniques to predict future price movements.
Here, Fina Capital also claims to give fundamental analysis on all available data to help determine the relative value of a market.
In spite the many trading instruments Fina Capital claims to offer, traders must know they are dealing with an unknown broker whose regulation claims are false.
finacapital.net: Reasons to Avoid This Broker
finacapital.net is a platform with no financial authority overseeing its financial services. The regulation claims are not legit as none of the countries’ financial authorities recognize Fina Capital.
Another red flag we noticed on finacapital.net is that there is no demo account for traders. Since traders can’t test Fina Capital broker on a free account, how then can we know its viability in the forex market.
This is a big warning for traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
There is no information on how forex traders can make a withdrawal request. We also don’t have a clear insight on the fees Fina Capital charges traders on any withdrawal method.
This is just a way to reap you of your money and also frustrate the withdrawal process.
Minimum Deposit
Fina Capital minimum deposit is not known. Not providing the recommended deposit means this broker wants you to risk a good amount of your fund on trading.
Fina Capital presents Credit card and wire transfer as payment methods. You should not consider making any payment with this broker in the first place because it is a risk. So beware!
Fina Capital Platform
Fina Capital is a web based trading platform. The broker refuses to use MT4 or MT5 which are industry standard for forex trading which is a concern.
Fina Capital leverage is 1:10 which is quite good, however, it is too low for trading. Retailers are better advised to use leverage that are accepted by financial regulation.
In spite the attractive offers Fina Capital broker presents, we can’t find a free account for traders to test the platform before considering a deposit.
Fina Capital Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.
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Conclusion: Is finacapital.net a Legit Broker?
No, finacapital.net is not a legit broker for traders and because of that, you are advised to stay away from this broker.
The scam is on the wall for forex traders to avoid crossing path with finacapital.net because its claimed license and lack of transparency are red flags.
Therefore, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
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