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FINTECH

South Africa|5-10 years|
Suspicious Scope of Business|High potential risk|

https://tradefintech.com/

Website

Rating Index

Contact

+27 212053114
support@tradefintech.com
https://tradefintech.com/

Licenses

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Disclosure

Warning

SG MAS
2019-02-26

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-11-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FINTECH · WikiFX Survey

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FINTECH · Company Summary

Note: FINTECH's official site - https://tradefintech.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

FINTECH Review Summary
Founded 2016
Registered Country/Region South Africa
Regulation No Regulation
Market Instruments Forex, CFDs, cryptocurrencies
Demo Account Unavailable
Leverage 1:200
Spread Fixed
Trading Platforms MetaTrader4
Minimum Deposit $250
Customer Support Phone Number: +27 212053114,+27 510117127,+62 85574670770,+381 113216895
Email: support@tradefintech.com

What is FINTECH?

FINTECH is an unregulated trading platform based in South Africa that offers its clients access to a comprehensive suite of financial instruments across various asset classes, such as Forex, CFDs, metals, and cryptocurrencies. It provides several account types with minimum deposit requirements to cater to different investor needs and styles. The platform also provides MT4 trading platforms and accepts email for added convenience.

FINTECH

Pros & Cons

Pros Cons
  • Wide Range of Trading Instruments
  • No Regulation
  • Multiple Account Types
  • Lack of Information

Pros:

  • Wide Range of Trading Instruments: FINTECH offers a diverse selection of trading instruments across various asset classes, providing traders with ample opportunities to diversify their portfolios and capitalize on different market trends.

  • Multiple Account Types: The platform offers diverse account types, catering to various trading needs and experience levels.

Cons:

  • No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.

  • Lack of Information: The company's website is non-functional, suggesting a lack of transparency and reliability.

Is FINTECH Safe or Scam?

FINTECH currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

No license

Market Instruments

FINTECH presents traders with a diverse array of trading instruments spanning various asset classes, notably including forex, CFDs, and cryptocurrencies. This comprehensive offering enables traders to engage in a wide range of market opportunities, from traditional currency pairs and commodities to modern digital assets.

Account Types

FINTECH provides a tiered system of minimum deposit requirements tailored to suit various trader preferences and investment levels. The Bronze account requires a minimum deposit of $250, offering accessibility for those starting out in trading. Stepping up, the Silver account requires a deposit of $5000, followed by the Gold account at $10,000, Platinum at $25,000, Premium at $100,000, and VIP at $250,000. This tiered approach ensures that traders can select an account option that aligns with their financial goals and trading experience.

Leverage

FINTECH offers traders a maximum leverage of 1:200, enabling them to magnify their trading positions and capitalize on market opportunities with increased flexibility. This capability empowers traders to execute diverse trading strategies tailored to their individual goals and risk tolerance levels, thus optimizing their investment potential and performance in the dynamic world of finance.

Trading Platform

FINTECH provides its clients with the renowned MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and powerful features. With MT4, traders can access a wide range of financial instruments, execute trades efficiently, and analyze market trends with advanced charting tools. The platform offers customizable indicators, automated trading capabilities, and real-time market data, empowering traders to make informed decisions and capitalize on trading opportunities.

Customer Service

FINTECH provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Phone Number: +27 212053114,+27 510117127,+62 85574670770,+381 113216895

  • Email:support@tradefintech.com

Conclusion

In conclusion, FINTECH offers diverse trading instruments to cater to different trading needs and allows trading with high leverage. However, its unregulated status raises significant concerns about its safety and legitimacy. The lack of complete and transparent information about its trading assets, account details, and other service sections can hinder a trader's decision-making process.

Frequently Asked Questions (FAQs)

Question 1: Is FINTECH regulated?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: Does FINTECH offer demo accounts?
Answer 2: No.
Question 3: What is the minimum deposit for FINTECH?
Answer 3: The minimum initial deposit to open an account is $250.
Question 4: Is FINTECH a good broker for beginners?
Answer 4: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

TRADE FINTECH

Abbreviation

FINTECH

Regulatory Status

No Regulation

Platform registered country and region

South Africa

Company website
Phone of the company
  • +27 212053114

  • +27 510117127

  • +62 85574670770

  • +381 113216895

X

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Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@tradefintech.com

Company Summary

Review

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