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FINANSERO
Cyprus|10-15 years| https://www.finansero.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Global Trade CIF Ltd
License No.：190/13
Single Core
1G
40G
1M*ADSL
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Basic information
Cyprus
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Website
finansero.com
Server Location
United States
Website Domain Name
finansero.com
Server IP
13.35.125.125
Genealogy
VIP is not activated.Company Summary
FINANSERO Information
Founded in 2012, FINANSERO is a regulated brokerage company registered in Cyprus. This firm specializes in CFDs trading in multiple instrument types with its proprietary mobile and desktop platforms. FINANSERO has different account tiers that vary based on increasing account equity. However, these accounts charge a higher fee at the lower tier. The currency conversion fee and inactive account fee can further eat into investors' returns.
Pros and Cons
| Pros | Cons |
| Wide selection of investment options | Accounts charge a higher fee at the lower tier |
| Multiple account types | No managed portfolios |
| Proprietary platforms (XCITE) | Charging currency conversion fee and inactive account fee |
| Advanced trading tools (Trading Insider, Autochartist) | Higher minimum deposit compared to some brokerages (€200) |
| Educational first five trades |
Is FINANSERO Legit?
FINANSERO is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC), with registration number 190/13.
What Can I Trade on FINANSERO?
Spreading your money across different investments is a good thing if it helps manage risk. The more diverse your portfolio is, the better. FINANSERO provides CFDs of more than 300 currencies, stocks, commodities, indices, ETFs, and derivatives for retail and professional clients.
If you're looking for bonds or mutual funds, you won't find either of them here. But if you're focused on CFD trading, this could be a good fit for you.
Managed portfolios can make investing less stressful for investors who prefer a hands-off approach. With managed portfolios, your brokerage builds a portfolio for you. FINANSERO doesn't offer managed portfolios of any kind. It's geared toward the investors who are comfortable taking the reins themselves.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Commodities | ✔ |
| ETFs | ✔ |
| Forex | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Derivatives | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Types
Compared to other brokerages, FINANSERO offers more account types. Based on the net value of your trading account, FINANSERO tiers its account into 9 levels. Free E-Book & Training, Customer Support Officer, Trading Insider, One Click Trading, POP-UP Alerts, and BITA 5 are available for all levels. You can't enjoy the advanced feature--Autochartist unless your account equity is more than $5,000. If the net value of your trading account is more than $100,000, you can enjoy all the benefits with a 40% Price & Rollover Discount.
Overall, these accounts charge a higher fee at the lower tier. The only way to reduce the fee is to invest more money. So if you're a beginning investor without a lot of money to get started, finding another brokerage could be a better choice.
| Benefit | Level 1 | Level 2 | Level 3 | Level 4 | Level 5 | Level 6 | Level 7 | Level 8 | Level 9 |
| Account Equity | $200 - $1,999 | $2,000 - $4,999 | $5,000 - $9,999 | $10,000 - $14,999 | $15,000 - $29,999 | $30,000 - $49,999 | $50,000 - $74,999 | $75,000 - $99,999 | $100,000 - ∞ |
| Free E-Book & Training | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Customer Support Officer | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Trading Insider | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| One Click Trading | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| POP-UP Alerts | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Autochartist | X | X | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Price & Rollover Discount | X | 5% | 10% | 15% | 20% | 25% | 30% | 35% | 40% |
| BITA 5 | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| BITA 10 | X | X | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| BITA 15 | X | X | X | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| BITA 20 | X | X | X | X | X | ✔ | ✔ | ✔ | ✔ |
FINANSERO Fees
Investment fees can detract from your returns. Every brokerage is different when it comes to fees, though many of them have moved toward commission-free trading.
FINANSERO offers a new take for beginning investors. If you are new to the platform, then your first 5 trades will be educational and if you lose, this broker will give your money back. If you earn something, the gains will be reversed. Your capital will be at risk only after your first 5 trades.
The maximum leverages for retail clients and professional clients are different. It is set at 1:30 and 1:200 respectively. The spreads are generally similar for retail and professional clients, except minor differences exist in only a few instruments.
The rollover fee varies depending on the instrument type:
| CFD Product | Rollover Fee |
| Currencies | 0.015% of the overnight exposure |
| Commodities | 0.022% of the overnight exposure |
| Indices | 0.0165% of the overnight exposure |
| Shares | 0.055% of the overnight exposure |
| ETFs | 0.0165% of the overnight exposure |
| Synthetic Derivatives | Depend on the derivatives |
| Cryptocurrencies | 0.50% (Retail Clients) 0.50% (Professional Clients) |
Besides, a €150 fee may be applied quarterly if no trading activity occurs for at least three months. The Currency Conversion Fee amounts to 0.7% of the trade‘s realized net profit and loss, which is reflected in real-time in the open position’s unrealized net profit and loss.
Trading Platform
FINANSERO provides its proprietary trading platform, namely XCITE. The platform provides a mobile version and a desktop version. So you can install it on Windows, MAC, IOS, and Android devices. There is a bundle of advanced trading tools offered by XCITE, including:
- Market news: a powerful tool for traders looking to stay up-to-date with the latest market events.
- Trading insider: you can see what other traders are doing with their portfolios.
- Economic Calendar: the popular tool for anyone who wants to stay ahead of market trends.
- Autochartist: an intelligent and intuitive charting tool for traders who want easily absorbed information about the market.
However, popular platforms like MT5 and MT4 are not available here.
| Trading Platform | Supported | Available Devices | Suitable for |
| XCITE App | ✔ | Windows, Mac, IOS, and Android | Investors of all experience levels |
| MT5 | ❌ | ||
| MT4 | ❌ |
Deposit and Withdrawal
FINANSERO only offers the most popular and accessible payment methods with a minimum deposit of €200. You can take advantage of several deposit methods and select the most suitable for you.
Your withdrawal is credited back to you in the same way your deposit has been made. If you have deposited with a credit card, the withdrawal will be credited with the same credit card, and if there are surplus funds, they will be credited to your nominated bank account.
The processing time of withdrawal is set to one business day. After that, it depends on your bank or e-wallet. It may take a few days for the money to appear in your bank account or e-wallet.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| International Credit/ Debit Cards | €200 | No Commission | Instant |
| Several E-wallets | €200 | No Commission | Instant |
| Wire Transfer | €200 | No Commission | It may take up to 5 business days |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| International Credit/ Debit Cards | N/A | No Commission | FINANSERO processes it within 24 hours. After that, it depends on your bank or e-wallet. |
| Several E-wallets | N/A | No Commission | FINANSERO processes it within 24 hours. After that, it depends on your bank or e-wallet. |
| Wire Transfer | N/A | No Commission | FINANSERO processes it within 24 hours. After that, it depends on your bank or e-wallet. |
Customer Support Options
If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to FINANSERO's customer support. You have multiple choices, including email (customer.service@finansero.com), phone (+447441938812), WhatsApp, a social media channel (Facebook), and an online message box.
| Contact Options | Details |
| Phone | +447441938812 |
| customer.service@finansero.com | |
| Support Ticket System | ❌ |
| Online Chat | |
| Social Media | |
| Supported Language | Multiple |
| Website Language | Multiple |
| Physical Address | Athalassas 62, Mezzanine, Strovolos, 2012, Nicosia, Cyprus |
The Bottom Line
FINANSERO could work better for some investors than others, namely, those who lean toward self-directed trading. If you're an active trader who's focused on CFDs trading then this platform could work well for you. On the other hand, you might want to look elsewhere if you're just getting started with investing or you're interested in managed portfolios. And there is no bonds trading or mutual funds trading here. Overall, it's important to look at how well it matches up your investment goals and needs before making a commitment.
FAQs
Is FINANSERO a regulated brokerage?
Yes, FINANSERO is regulated by the Cyprus Securities and Exchange Commission (CYSEC), with registration number 190/13.
Is FINANSERO good for beginners?
No, its accounts charge a higher fee at the lower tier. So if you're a beginning investor without a lot of money to get started, this platform may not be right for you.
Does FINANSERO offer leveraged trading?
Yes, FINANSERO provides leverage options, which are up to 1:30 for retail investors and 1:200 for professional investors.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
Keywords
- 10-15 years
- Regulated in Cyprus
- Straight Through Processing(STP)
- Suspicious Scope of Business
- High potential risk
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