Finteria Forex Review

In our Finteria review on Forex Trading Bonus, we will provide an unbiased assessment of this binary options broker and its critical features. Among other aspects, we will discuss online Finteria reviews and feedback from traders, regulations, assets, platforms, support, fees, and more. The broker is registered in the Marshall Islands, which is an offshore legislation. The broker is unregulated, raising red flags regarding its safety and legitimacy.

Finteria Forex Broker History

Finteria Limited is an unlicensed binary options broker based in the Marshall Islands which is offshore. This immediately increases the chances of Finteria fraud many folds. The broker also does not provide access to advanced trading platforms and has limited asset coverage. Many traders claim Finteria support to be mostly offline, adding to the red flags list. The date of Finteria’s beginnings is unclear, making the firm very unreliable. There is no information about phone support, which is always a major red indicator for any financial broker. Traders can only gamble on FX and crypto binary options, which is a red flag in itself. Binary options allow traders to bet on the future direction of an asset’s price, where the trader gains a bet + payout percentage or loses his bet entirely. With Finteria offering around 60-85% payout, traders are always at a disadvantage as they are guaranteed to lose more than they win. For example, if a trader bets 100 dollars, he loses this entire bet if incorrect and only gains up to 85 USD when correct (plus the bet itself). So when he wins he gains up to 85 USD net, and when he loses, he loses 100 USD. This is why binary options are illegal in many reputable jurisdictions, as they are closer to gambling than financial trading. Add the unregulated nature of Finteria to this equation, and we strongly recommend against doing business with this binary options broker.

Finteria Broker Review of Accounts

Can you trust Finteria enough to sign up for a trading account? Probably, no. But let’s assess Finteria account types anyway. The broker has two accounts, one live and one free demo account with free virtual funds of 10,000 USD. The demo account is free and should provide traders the ability to test the broker’s services. However, there were several reports of brokers manipulating price graphs, which is possible as the trading platform is web-based and not third-party. Finteria could manipulate prices to lure traders with demo accounts and make them lose money on live accounts. The broker is not regulated and there is no one to check its safety. The minimum deposit for the live account is 100 USD, but traders who use bank cards can deposit 50 USD. However, it is unclear if traders are required to add more than 50 USD to start gambling on binary options. It is also common for binary options scams to manipulate prices and make traders lose their bets. In the case of Finteria, the broker just prohibits traders from withdrawing profits.

Finteria Reviews of Trading Platforms and Assets

Finteria only provides Forex pairs and crypto assets as binary options. There are no other asset classes and trading is not possible. All pairs are available only for binary options gambling. Thereby, there are no spreads or commissions for trading as binary options have different structures. The trader either loses his entire bet size or gains up to 85%. Although Finteria claims up to 90% payouts, we checked the instruments and their payout percentages, and the highest we could find was 85% on a few crypto instruments. 18 cryptos and 32 FX binary options are available for betting. There are no other asset classes available.

The Finteria trading platform is a web-based custom platform that is built into the trader’s dashboard. While this dashboard is very useful and flexible for quick navigation, the platform is very limited in its functionality. Aside from binary options betting, there are no other features. The lack of any advanced trading platforms also increases the risk of scams. The broker could freely manipulate prices and make traders lose their bets as there is no third-party trusted platform like MT4 or MT5.

Finteria Forex Review of Extra Features

There are several extra features at Finteria, but the services are so bad we would not recommend using this broker, let alone its extra features. There is a trading bonus of up to 100% with unclear conditions. The broker has a blog, FAQs section, and Help guides. The trader dashboard is useful with a sidebar menu. Traders have everything within one space and can access every feature such as financials, trading platforms, and more. However, these useful features come with great red flags of the web trading platform being used by Finteria to manipulate prices. As the broker has no license and no one to check its legitimacy, it likely manipulates prices. This was also reported by a multitude of traders on Trustpilot, increasing the chances of Finteria being a scam binary options broker.

Finteria Reviews of Customer Support

Finteria scam is very likely as the broker has terrible support and won’t respond to live chat messages. The live chat provided by Finteria is not responding to user requests, which were also reported by multiple other traders on Trustpilot reviews. The broker has a 2.9 score which is low with 56% being 1-star evaluations. There is no hotline support, which is another red flag. The website is multilingual. The support is only in the English language. The support also includes Telegram and email channels. Traders can leave a message for a broker, but we heavily doubt the broker will answer any of those either. Overall, the broker provides very terrible trader support services and can not be trusted with money.

Finteria Deposit and Withdrawal

Finteria reviews suggest the broker has a history of declining withdrawals and not answering emails and live chat messages. Generally, scam brokers are known for making withdrawals extremely difficult or impossible, and Finteria seems to fall into this category as well. The broker strongly recommends using MoonPay and Banxa to buy and send BTC to the trader’s live account. This can potentially increase the fees of deposits and withdrawals as crypto exchanges charge conversion fees and there are also network fees to be paid for crypto transactions.

Finteria Review Conclusion

Is Finteria a scam? Finteria fraud is highly likely as the broker is unregulated, is registered offshore (Marshall Islands), and provides only binary options for gambling. The trading platform is web-based and allows Finteria to potentially manipulate prices, which was reported by multiple traders on online platforms such as Trustpilot and FPA. We strongly advise against doing business with Finteria as the broker has more red flags than trading assets.