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FINSAI Trade

United Arab Emirates|1-2 years|
High potential risk|

http://www.finsaitrade.com

Website

Rating Index

Contact

Contact@finsaitrade.com
http://www.finsaitrade.com
https://www.facebook.com/FinsaiTrade/
https://twitter.com/Finsai_Trade

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

FINSAI TRADE LTD

Abbreviation

FINSAI Trade

Platform registered country and region

United Arab Emirates

Company website
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Warning: Low score, please stay away!
Previous Detection : 2024-11-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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FINSAI Trade · WikiFX Survey

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FINSAI Trade · Company Summary

FINSAI Trade Review Summary
Founded2015
Registered Country/RegionUnited Arab Emirates
RegulationNot regulated
Market InstrumentsForex, Indices, Shares, Commodities, Crypto
Demo Account/
LeverageUp to 1:500
SpreadFrom 0.2 pips
Trading PlatformFinsai Trader (Windows, Android, Apple)
Min Deposit$50
Customer SupportEmail: Contact@finsaitrade.com
Contact number– 0502833300
Physical Address– Shuraa Business Center Branch, full 29th floor, Prime Tower, Business Bay, Dubai, UAE. Fax: 043510078, PO. Box. no. 79998.

FINSAI Trade Information

FINSAI Trade, a financial services company registered in United Arab Emirates, offers trading in forex, indices, commodities, and cryptocurrencies. While it boasts low commissions, swap-free trading, and a user-friendly platform, a major drawback is the lack of regulation by any well-known financial authority.

FINSAI Trade Information

Pros & Cons

ProsCons
Low minimum deposit ($50)Lack of regulation
User-friendly trading platformNo MT4 or MT5 platform support
$0 commissions and swap-free accounts

Is FINSAI Trade Legit ?

Although, FINSAI Trade claims they are operated under FINSAI TRADE LTD, A Financial Services company authorized and regulated by the ISA – International Services Authority of Nauru, with license No. 052943-033, and it's registered in Republic of Nauru under company number 003112024. However, its regulatory information cannot be found on the websites of ISA, and it has not been regulated by other well-known regulatory authorities.

Is FINSAI Trade Legit ?

What Can I Trade on FINSAI Trade?

Invest in a range of financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. Finsai offers innovative financial solutions tailored to your unique needs.

Tradable InstrumentsSupported
Forex
Indices
Shares
Metals
Commodities
ETFs
Crypto
Bonds
CDFs

Account Type

Finsai Trade provides three account types to suit various trading needs.

The Finsai Smart Choice account is suitable for beginners, it needs a minimum deposit of $100, and offers spreads starting from 0.2 pips, with leverage of up to 1:500. It has low commissions and essential features such as negative balance protection, swap-free trading, and a 100% margin call / 80% stop-out level. While it doesn't support copy trading, algorithmic trading, or VPS, it is a solid option for traders seeking simplicity.

For more advanced options, Smart Pro and Smart ECN accounts are available with higher minimum deposits of $1000 and $5000 respectively.·

Account Type

FINSAI Trade Fees

Finsai Trade's fee structure is competitive in terms of spreads and commissions.

Trading Fees

The spread of FINSAI Tradeis from 0.2 pips for the Smart Choice account. And the spreads are generally tighter for the Smart Pro and Smart ECN accounts, catering to more experienced traders and institutions.

As for commission, it is $0 per $100K traded for all account types.

Swaps

All Finsai Trade accounts are swap-free, so you won't be charged any overnight interest in your positions.

Trading Platforms

Trading PlatformSupportedAvailable DevicesSuitable for which type of traders
MT4//
MT5//
Finsai TraderWindows, Android, AppleOne Click TradingFast ExecutionPartial Order FillingLimit & Stop Orders20+ IndicatorsHedging & NettingVWAP ExecutionsDay TradersSwing TradersSeasoned traders

Deposits & Withdrawals

Deposit Options

Deposit OptionsMin. DepositFeesProcessing Time
Local Bank Transfer$50NoneOne Working Day
Visa & MasterCard$50NoneInstant
Help2Pay$50NoneInstant
Skrill$50NoneInstant
Neteller$50NoneInstant
Crypto$50NoneInstant

Withdrawal Options

Withdrawal OptionsMax. WithdrawalFeesProcessing Time
Visa & MasterCard$5,000None1 Working Day
Help2PayUp to $10,000None1 Working Day
Skrill$50,000 or equivalentNone1 Working Day
Neteller$50,000 or equivalentNone1 Working Day
CryptoUnlimitedNone1 Working Day

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