Finpari is a binary options brokerage platform. Is it worth joining? To find this out, read our review and then make a decision.
Basic Information About Finpari
Finpari is a binary options brokerage platform. People can join the platform by opening an account. The platform was established in 2014 and traders from all nations can use it, except those located in the United States. Once someone has joined Finpari and has made a deposit, they can start trading assets. The platform offers weekly contests that are free to participate in and they are known for offering quick withdrawals. The software they use is SpotOption and they are based in the United Kingdom.
There are four accounts offered by Finpari, which will be discussed later on. The minimum deposit one has to make is $250, while the minimum investment is $1. The maximum investment is $1,500.
What Can Be Traded
One of the best features of Finpari are the number of assets that can be traded. The assets include:
. Stocks
. Currencies
. Commodities
. Indices
Stocks that can be traded include popular companies’ stocks such as Alibaba, Tesco, Bank of America, Amazon and Teva Pharma to name a few. There are dozens of stocks that users can trade on the Finpari platform.
EUR/USD, GBP/USD, USD/JPY and USD/CAD are a few of the currencies that can be traded. There are many currencies that can be traded, but the trading hours for some of the pairs do vary. Finpari lists the times that they are traded, so users will know exactly when they can trade the currency they are interested in the most.
Commodities include silver, platinum, sugar, oil,coffee, gold/EUR, gold, gold future and oil future. Meanwhile, indices include the DOW, S&P 500 and the NASDAQ. There are over 30 indices users can trade.
The bottom line is there are many assets Finpari members can trade. The more assets one can trade, the more of a chance they will make money, but traders must create a strategy if they want to have the best odds of making successful trades.
Types Of Accounts
One of the best things about Finpari are the types of accounts traders can open. The accounts include a Bronze account, Silver account, Gold and Fixed Income account. Here is an overview of the different accounts available.
1. Bronze- The basic account is the Bronze, which requires a minimum deposit of $250. The account guarantees a withdrawal process of just one-hour and bonuses start from +20% and it includes a demo account. Not only that, but traders will have access to a training course via video. The Bronze account is ideal for complete beginners to trading.
2. Silver- This account offers fast withdrawals and bonuses starting from +50%. A master class (web session) can be accessed by traders. The minimum deposit for this account is $1,000 and the firs three trades members make are completely risk free.
3. Gold- Traders must deposit at least $3,000 to open a Gold account, but they will receive a bonus of 100%. This means if a trader deposits $3,000, the total trading deposit will be $6,000. If a trader deposits $50,000, the total trading deposit will be $100,000, thanks to the bonus.
4. Fixed Income- This is a special account that has a return rate that has been predefined and there is guaranteed full refund. This is regardless of the behavior of the market. The trading department at Finpari manages invested capital and the minimum investment one can make is $500.
Each account offers their own set of benefits. If one is unsure which account they should open or if they are new to trading, then they should open a Bronze account. Once they gain experience, then they can consider upgrading to another account.
Deposits And Withdrawal
Finpari’s deposit methods includes credit cards, debit cards and transfers via Perfect Money, OKPay, PayPal, Webmoney, Qiwi Wallet and wire transfers. With the exception of PayPal, those are also Finpari’s withdrawal methods. The minimum withdrawal amount is $50, but there is a fee of either $20 or 1%, but the fee traders pay is whichever ends up being the larger amount.
Although withdrawals’ times are fast, this isn’t the same as being paid. A trader’s withdrawal request can be completed within an hour, but it may take a week or two before they are paid.
Customer Support
The customer support is amazing. There are three ways to contact customer support, which includes email and telephone. However, there is a live chat feature that allows members to ask questions and receive answers virtually right away. There is also a comprehensive FAQ page on Finpari’s website, and it’s recommended that traders check out the FAQ page before contacting customer support.
Regardless of the method customers use, they can rest assure they will receive excellent service. The team at Finpari take customer service very seriously and they work hard to ensure their customers’ satisfaction.
The Pros
There are many advantages of using Finpari, with one being fast withdrawals processing times. They are known for processing withdrawals within an hour and completing payouts within a week or two.
Finpari holds weekly contests, which gives users the chance to win a lot of money. The contests are free to enter. Not only that, but traders can Skype or phone with a market expert and the consultation is completely free.
Traders can trade around the clock. This is because they can use the platform to trade 24/7, and if they download the platform’s mobile app, then they can trade wherever they want.
Generous deposit bonuses are given to those who open an account. Traders also have many withdrawal and deposit options available to them. Another advantage of using Finpari is its platform is user-friendly and easy to navigate.
Finally, the customer service cannot be beaten. Finpari knows how to treat their customers and they are available to answer any questions their customers may have.
In short, the pros of Finpari are:
. Fast withdrawals
. Weekly contests
. Consultation with market expert
. 24/7 trading
. Mobile app
. Generous deposit bonuses
. Many deposit and withdrawal methods
. User-friendly platform
. Excellent customer service
The Cons
There’s not many cons, but there are two. One of the cons is that Finpari doesn’t offer customer support in Portuguese, and the same goes for the entire platform. This means if a trader is from Portugal, then they will not be able to view content on the platform in their language.
The other con is traders in the United States cannot open an account or trade on the platform. This is a shame because US-based traders would love what Finpari offers.
Final Verdict
The final verdict on Finpari is it gets a perfect 10 out of 10 because it is easy to navigate, the customer service is superb and the training material is exceptional. It’s a great brokerage/trading platform for newbies and experienced traders alike. The minimum deposit amount is not that high and the platform offers traders an excellent opportunity to make some real money trading.
Those who are interested in trading assets, but don’t know where to start should give Finpari a try. Experienced traders should use it, too. Give this platform a try and find out why it is one of the best trading platforms around.