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The WikiFX Score of this broker is reduced because of too many complaints!
FintechFX
United States|5-10 years| Suspicious Regulatory License|Suspicious Scope of Business|Australia Investment Advisory License Revoked|Suspicious Overrun|High potential risk|
https://fintechfx.com/?lang=en
Website
Rating Index
Contact
support@fintechfx.com
https://fintechfx.com/?lang=en
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Disclosure
Danger
MY SCM
2020-01-01
INVESTOR ALERT LIST 
FintechFX
Contact number
Other ways of contact
Broker Information
More
Company Name
My Group Fintech Co Pty Ltd
Abbreviation
FintechFX
Platform registered country and region
United States
Company website
Pyramid scheme complaint
Expose
Check whenever you want
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This platform is a Ponzi Scheme. Please stay away!
5
Previous Detection :
2024-11-21
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
- AustraliaASIC (license number: 493603) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- This broker exceeds the business scope regulated by Australia ASIC(license number: 493603)Investment Advisory Licence Non-Forex License. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 100 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 100 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
Platform Capital Ratio
--% 
-- --
100%--% 100%
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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FintechFX · Company Summary
| FintechFX Review Summary | |
| Founded | 2013-05-05 |
| Registered Country/Region | United States |
| Regulation | Revoked |
| Market Instruments | Forex/Commodities |
| Demo Account | ❌ |
| Leverage | Up to 1:100 |
| Spread | Not mentioned |
| Trading Platform | MT4(Windows/Mac) |
| Min Deposit | Not mentioned |
| Customer Support | Social Media: Facebook,Instragram, Twitter |
FintechFX Information
FintechFX is a financial platform. The tradable instruments with a maximum leverage of 1:100 include forex and commodities. FintechFX provides standard and ultimate ECN accounts with unspecific fee information. FintechFX is risky due to its Revoked status and bad reviews.
Pros and Cons
| Pros | Cons |
| MT4 available | Revoked |
| Leverage up to 1:100 | Inaccessible office website |
| No fee information | |
| Negative feedback |
Is FintechFX Legit?
ASIC regulatesFintechFX but the status is revoked, which makes it less safe than regulated brokers.
What Can I Trade on FintechFX?
Traders can choose different investment directions because the broker provides forex and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
FintechFX provides standard and ultimate ECN accounts with swap free accounts.
| Account Type | Standard | Ultimate ECN |
| Leverage | 1:100 | 1:100 |
| Trading instrument | Forex/Commodities | Forex/Commodities |
| Commission | 0 | 0 |
| Margin Call/Stop Out | 100%/50% | 200%/100% |
| Swap Free Account | Available | Available |
FintechFX Fees
The commission is free and swap starts from 0.
Leverage
The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.
Trading Platform
FintechFX has an authoritative MT4 trading platform for Windows and Mac. Junior traders prefer MT4 over MT5.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | Windows/Mac |
Customer Support Options
Traders can follow FintechFX via Facebook, Instragram, and Twitter.
| Contact Options | Details |
| Social Media | Facebook, Instragram, Twitter |
| Supported Language | English |
| Website Language | English |
| Physical Address | Not mentioned |
Review 4
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