FINANCIKA Forex Broker Review (2020)

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Financika Trade Review

Financika (additionally know as FinancikaTrade) is a Foreign exchange Forex Broker that’s owned by Sharp Buying and selling Ltd, which is situated within the Republic of Vanuatu.

Their fee processor is Cubbon Providers Restricted, situated at: Griva Digeni, 115 Tridnet Middle, Limassol, 3101 Cyprus.

Their listed telephone quantity is in South Africa: +27 21 200 4239, and e mail contact is: [email protected]

New Buyers? Converse with a pleasant Forex Broker at CMTrading

CM Buying and selling is a Broker Licensed by FSB

Financika Assessment

The buying and selling software program that FinancikaTrade provides their shoppers is named Revenue or Net Revenue. It’s a personalized simple to you buying and selling software program made for novices who will not be experiences with the superior buying and selling software program like MetaTrader 5 that different Forex Brokers use. They provide a wide range of belongings to buying and selling together with; Foreign exchange pairs, Market Indexes, CFD buying and selling on Shares and Commodities.

Spreads on Foreign exchange pairs fluctuate relying on the precise pair, and leverage in Foreign currency trading is as excessive as 200:1. Leverage for CFD buying and selling is 10:1 on shares and 100:1 on market indices. Buyers ought to familiarize themselves with the danger related to buying and selling CFD & Foreign exchange on margin. The minimal deposit for brand new accounts is $200.

Financika Trading Broker

Whereas studying the phrases and circumstances web page we noticed that the buying and selling quantity required for withdrawal of bonus cash is 5000 occasions the online deposit quantity. Principally they’re saying, don’t settle for any bonus cash. The additionally point out that consumer orders are executed by way of Naxex Belize Ltd. In part 2.14, it says that complaints are dealt with by Cubbon Providers, and merchants ought to e mail [email protected]

Managed Accounts Buying and selling

Once we signed up for an account at Financika, it says Open a Managed Foreign exchange Account. We’re very skeptical with utilizing any managed account at any Forex Broker.

Now we have appear manner too many complaints from merchants who’ve used rogue Forex Brokers, and have misplaced their cash due to it.

No Brokers License

Buyers when reviewing a brand new Foreign exchange Forex Broker will all the time first verify to see if the Forex Broker has a license and if they’re regulated.

Financika is not a licensed Forex Broker.

There are various licensed Foreign exchange Forex Brokers you possibly can commerce with, see right here. The explanation buyers will use a licensed Forex Broker, is in order that in case the Forex Broker goes out of enterprise, their cash is protected. In the UK, Forex Brokers are licensed and controlled by the FCA. In Europe Cyprus CySEC is the federal government regulator of many Forex Brokers.

Spain CNMV Warning

Scam AlertOn February 15th 2016 the CNMV wrote:

“Pursuant to the second paragraph of Article 17 of the Securities Markets Regulation, the Comisión Nacional del Mercado de Valores, warns that Financika isn’t authorised to supply the funding providers”

Scam Alert

Australia ASIC Warning

“ASIC urges all buyers contemplating buying and selling in margin FX and different monetary merchandise to verify they’re coping with an entity that’s licensed in Australia.”

Examine Financika

Good buyers will all the time examine varied CFD Foreign exchange Forex Brokers, earlier than making a last resolution.

CM Buying and selling is a Forex Broker licensed by the FSP in South Africa, they usually supply the Sirix buying and selling platform. Be taught extra at: http://www.cmtrading.com.

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What was your expertise buying and selling with Financika?

Please write your review within the remark part under.

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