Score
Financika
Vanuatu|5-10 years| https://www.financikatrade.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Vanuatu
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Financika also viewed..
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Website
Most visited countries/areas
Ecuador
Chile
Peru
financikatrade.com
Server Location
United States
Most visited countries/areas
Nigeria
Website Domain Name
financikatrade.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2016-05-13
Server IP
45.60.33.203
Company Summary
BASIC INFORMATION
Financika Trade is an online forex broker, offering a range of financial instruments to both beginners and veterans. Operated by Sharp Trading Ltd, Financika is registered with the Vanuatu Financial Services Commission (VFSC) and also operates as a European entity in Cyprus. The companys customer service address is based in Bulgaria, but its clients can be found from Europe to Chile, Mexico, Peru, and Colombia.
REGULATORY INFROMATION: LICENSE
No valid regulatory information. Please be aware of the risk!
MARKETS
Financika offers a variety of products:
· Currencies – Trade 40+ major, minor, and exotic currency pairs including the EUR/GBP & USD/GBP.
· Indices – Trade 7 of the worlds most popular indices including the FTSE, Dow Jones, and DAX.
· Stock CFDs – Trade on over 90 global companies such as Apple, Facebook, and Uber.
· Commodities – Trade on gold, silver, oil, wheat, and more
MINIMUM DEPOSIT
Financika only offers one standard account, which you can sign up for on the home page. The minimum deposit requirement is $200.
SPREADS & COMMISSIONS
For major forex pairs such as the EUR/USD and GBP/USD, spreads start from 3 pips – higher than at most other brokers. Brent crude oil is offered at a spread value of $0.12, whilst for silver and gold, it ranges from $0.04 to $1 respectively.
There are other costs to be aware of, for example, a swap fee on positions held overnight and a significantly high inactivity fee of $500, charged quarterly. This is much higher than fees levied against dormant accounts at other brokers.
LEVERAGE
Leverage at Financika ranges from 1:10 on CFD shares to 1:200 on commodities and forex with indices offered at 1:100.
PAYMENT METHODS
Deposits
Deposits can be made via credit card, bank wire transfer, and e-wallets (Skrill and Neteller). Note the minimum deposit amount for a credit card is $200. Credit cards and wire transfers take 2 – 5 business days to process, while deposits via an e-wallet can take up to 5 business days.
Withdrawals
Withdrawals can be made via the same methods, with an average processing time of 4 – 5 business days.
TRADING PLATFORMS
Financika offers WebPROfit, a non-downloadable trading platform suitable for all levels.
ACCEPTED COUNTRIES
Financika accepts traders from Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders cannot use Financika from United States, United Kingdom, Spain
TRADING HOURS
Users can trade forex and commodities from 22:00 GMT on a Sunday until 22:00 GMT on a Friday. CFD trading hours vary as follows:
· US markets – 2:30 pm – 9:00 pm GMT, Mondays to Fridays
· European & British markets – 8:00 am – 4:30 pm GMT, Mondays to Fridays
· Asian markets – 0:00 am – 2:00 am GMT and 3:30 pm – 6:00 pm GMT, Mondays to Fridays
CUSTOMER SUPPORT
Customers can access 24/7 support via:
· Online request form – Contact Us page
· Telephone contact number – +27212004239 (South Africa)
· Email – customer.service@financika.com
· Live chat – logo located in the bottom right-hand corner of the website
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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胡丹
Hong Kong
I deposited $300 and added another $1000 with the lobbying of the consultant.One of my friends advised me to withdraw half of the fund, who deposited $2000 and applied to withdraw a half.But Financika refused by grinding excuses.
Exposure
2019-11-26
胡丹
Hong Kong
I deposited 20,000 rial,After profiting, I wanted to make a withdrawal.The scam company declined my request and clear up my account.As for now, the withdrawal hasn’t been received yet.
Exposure
2019-11-21
胡丹
Hong Kong
The platform refused my request for withdrawal.
Exposure
2019-11-11
FX1457260991
Netherlands
I've been trading with Financika for a while now and I have mixed feelings about them. On the one hand, their trading environment is pretty laid-back and their customer service team is pretty helpful and knowledgeable. However, I have to say that their spreads are a bit wider than I'd like, so I'm not always getting the best deal.
Neutral
2023-03-29
FX1271592093
Australia
I was shocked to find out that this company no longer provides financial investment services. When I opened the website, a pop-up window like this appeared, and then I couldn't browse the website normally.
Neutral
2023-02-23