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Editor’s Verdict
Fintana is a Mauritius-based and regulated multi-asset broker offering traders a user-friendly web-based platform featuring powerful analytical tools and a balanced asset selection of 250+ trading instruments spanning six sectors in a commission-free pricing environment. My Fintana review evaluated the trading environment at this broker. Should you trade at Fintana?
Overview
Fintana offers a user-friendly trading platform with a balanced asset selection.
Headquarters | Mauritius |
|---|---|
Regulators | FSC Mauritius |
Tier 1 Regulator(s)? | |
Owned by Public Company? | |
Execution Type(s) | Market Maker |
Minimum Deposit | $250 |
Negative Balance Protection | |
Trading Platform(s) | Proprietary platform |
Average Trading Cost EUR/USD | 4.1 pips ($41.00) |
Average Trading Cost GBP/USD | 4.7 pips ($47.00) |
Average Trading Cost WTI Crude Oil | $0.17 |
Average Trading Cost Gold | $0.27 |
Average Trading Cost Bitcoin | $393.50 |
Retail Loss Rate | Undisclosed |
Minimum Raw Spreads | Not applicable |
Minimum Standard Spreads | 2.5 pips |
Minimum Commission for Forex | Commission-free |
Funding Methods | 3+ |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
Fintana Five Core Takeaways:
- User-friendly trading platform with one-click trading
- Balanced asset selection, including cryptocurrencies
- Quality beginner introduction to trading
- Live trading signals
- Manual-only trading
Fintana Regulation & Security
I always recommend that traders check regulations carefully and verify that all regulatory claims are real. Fintana has one regulated subsidiary with a clean track record.
Country of the Regulator | Mauritius |
|---|---|
Name of the Regulator | FSC Mauritius |
Regulatory License Number | GB23201338 |
Regulatory Tier | 1 |
Is Fintana Legit and Safe?
My review found no evidence of misconduct or poor practices by Fintana. Therefore, I can recommend it as a legitimate broker.
Fintana regulation and security components:
- Regulated by the Mauritius FSC
- Segregated client deposits from corporate funds
- Negative balance protection
What would I like Fintana to add?
I am missing an investor protection fund, like the one available via membership with the Hong Kong-based Financial Commission or a third-party insurance package. Audited financial and trade execution statistics would enhance transparency and increase trust in Fintana.
Fees
I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Fintana offers commission-free trading, but traders must consider the overall costs.
Fintana lists the minimum EUR/USD spread in the Classic account at 2.5 pips or $25.00 per 1.0 standard round lot, but average spreads can increase to above 4.0 pips or $25.00 per 1.0 standard round lot. Fintana lists cheaper spreads for higher account tiers and notes spread discounts, but I could not find details on obtaining them or their conditions during my review.
Average Trading Cost EUR/USD | 4.1 pips ($41.00) |
|---|---|
Average Trading Cost GBP/USD | 4.7 pips ($47.00) |
Average Trading Cost WTI Crude Oil | $0.17 |
Average Trading Cost Gold | $0.27 |
Average Trading Cost Bitcoin | $393.50 |
Minimum Raw Spreads | Not applicable |
Minimum Standard Spreads | 2.5 pips |
Minimum Commission for Forex | Commission-free |
Deposit Fee | |
Withdrawal Fee | |
Inactivity Fee | true |
Other notable Fintana non-trading fees include:
- A $100 monthly inactivity fee after 30 days of dormancy
- A $250 monthly inactivity fee after 60 days of dormancy
- A $500 monthly inactivity fee after 180 days of dormancy
- A $30 bank wire withdrawal fee
Third-party processing fees and currency conversion costs may apply.
The minimum trading costs for the EUR/USD currency pair at Fintana are:
Minimum Spread | Commission per Round Lot | Cost per 1.0 Standard Lot |
2.5 pips (Classic and Silver) | $0.00 | $40.00 |
1.8 pips (Gold) | $0.00 | $18.00 |
1.4 pips (Platinum) | $0.00 | $14.00 |
0.9 pips (VIP) | $0.00 | $9.00 |
Swap rates on overnight positions are too often ignored. For long-term traders, they could become the most significant fee per trade.
Here is a list of trading cost examples for buying and selling the EUR/USD, keeping the position open for one night and seven nights in the commission-free Fintana Classic account.
Opening a 1.0 standard lot buy/sell position in the EUR/USD at the minimum spread and holding it for one night in the Fintana Classic account will cost the following:
Minimum Spread | Commission per Round Lot | Swap Long | Swap Short | Total TradingCosts |
2.5 pips | $0.00 | -$47.28 | X | -$72.28 |
2.5 pips | $0.00 | X | -$45.70 | -$70.70 |
Taking a 1.0 standard lot buy/sell position in the EUR/USD, at the minimum spread and keeping it open for seven nights in the Fintana Classic account will cost the following:
Minimum Spread | Commission per Round Lot | Swap Long | Swap Short | Total TradingCosts |
2.5 pips | $0.00 | -$330.96 | X | -$355.96 |
2.5 pips | $0.00 | X | -$319.90 | -$344.90 |
Range of Assets
Fintana offers a balanced asset selection of 250+ trading instruments. I appreciate its equity CFD selection of blue chips listed in the US, the EU, Taiwan, Japan, Malaysia, India, Brazil, Mexico, Switzerland, Colombia, and the UAE. Its Forex selection features the most liquid currency pairs and includes some exotic pairings.
Fintana covers the following asset classes:
- Forex
- Cryptocurrencies
- Commodities
- Equities
- Indices
Currency Pairs | |
|---|---|
Cryptocurrencies | |
Commodities | |
Crude Oil | |
Gold | |
Metals | |
Stocks | |
Stocks (non-CFDs) | |
Bonds | |
ETFs | |
Options | |
Futures | |
Synthetics |
Fintana Leverage
Maximum Retail Leverage | 1:400 |
Maximum Pro Leverage | 1:400 |
What should traders know about Fintana leverage?
- The maximum retail Forex leverage is 1:400
- All commodities and indices max out at 1:200
- Equity and cryptocurrency traders get a maximum leverage of 1:5.
- Negative balance protection exists, ensuring you cannot lose more than your deposit.
- Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.
Account Types
Fintana displays five account types and lists the minimum deposit at $250. Trading conditions are identical across all account types except for lower trading fees. Given the similarities, I prefer that Fintana provide one account type and price it competitively. During my Fintana review, traders could open a demo account. A swap-free Islamic account was unavailable.
My observations on the Fintana account types:
- A $250 minimum deposit requirement
- USD, EUR, GBP, and CHF as account base currencies
- Maximum leverage of 1:400
- Commission-free trading fees
- A minimum transaction size of 0.1 lots
- A maximum transaction size of 50.0 lots
- A margin call at a 100% margin level on all accounts
- An automatic stop-out at a 20% margin level on all accounts
- Swap discounts on all accounts except Classic
Fintana Demo Account
Demo trading does not expose traders to the full range of trading psychology and can create unrealistic trading expectations. So, I want to caution beginner traders when using demo trading as a simulation tool because it cannot fully replicate the experience of trading with real funds.
What stands out about the Fintana demo account?
- The Fintana demo account has no time limit.
- Traders can easily switch between demo and live trading from within their platform.
Trading Hours
Asset Class | From | To |
|---|---|---|
Currency Pairs | Sunday 22:05 | Friday 21:50 |
Cryptocurrencies | Sunday 22:05 | Friday 21:50 |
Commodities | Sunday 23:05 | Friday 22:00 |
Crude Oil | Sunday 23:05 | Friday 22:00 |
Gold | Sunday 23:05 | Friday 22:00 |
Metals | Sunday 23:05 | Friday 22:00 |
Stocks | Monday 01:05 | Friday 21:00 |
Trading Platforms
Traders get a web-based trading platform with a user-friendly dashboard, live market trends, asset prices, customizable charts, 20+ analytical tools, and personalized watchlists.
It also includes an economic calendar, multi-chart functionality, and one-click trading. The trading platform is available in English, Arabic, French, German, Italian, Malay, Portuguese, Spanish, and Thai.
I like the Fintana trading platform's interface and multi-charts, but I wish it supported MT4 and its algorithmic trading functionality.
MT4 | |
|---|---|
MT5 | |
MT4/MT5 Add-Ons | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Social/Copy Trading | |
DOM? | |
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
One-Click Trading | |
OCO Orders | |
Interest on Margin |
Unique Features
For me, the most impressive feature at Fintana is the equity asset selection, which covers markets many brokers do not offer.
Research & Education
Fintana's website offers actionable trading signals provided by MTE Media, and traders also receive expert chart analysis.
What about education at Fintana?
The Fintana Education Center consists of 8 trading courses with 41 lessons, ensuring beginners receive a quality introduction to trading. Eleven e-books are also available, including one covering trading psychology.
My conclusion:
- Traders should consider the available educational content at the Fintana Education Center.
- I also recommend beginners seek in-depth education from third parties, starting with trading psychology and the relationship between leverage and risk management.
- Avoid paid-for courses and mentors.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/7 |
Website Languages |            |
Customer support is available via e-mail, phone, and live chat, but I recommend traders browse the FAQ section before contacting customer support, which answers some questions.
Phone support exists in seven languages.
Bonuses and Promotions
Fintana offered neither bonuses nor promotions during my review.
Opening an Account
The multi-step Fintana online application starts with a name, e-mail address, phone number, and desired password. Clicking “Sign up now” continues the registration.
What should traders know about the Fintana account opening process?
- Traders must answer personal questions about their trading experience and income.
- Fintana complies with global AML/KYC requirements.
- Account verification is mandatory.
- Traders can verify accounts by uploading a copy of a government-issued ID and one proof of residency document.
- Fintana may ask for additional information on a case-by-case basis.
- Traders must verify their payment method.
Minimum Deposit
The Fintana minimum deposit is $250.
Payment Methods
Withdrawal options |     |
|---|---|
Deposit options | |
Fintana accepts bank wires, credit/debit cards, and APMs.
Accepted Countries
Fintana accepts clients from many countries, but its website states that “residents in the USA, Canada, Russia, Belarus, Iran, Iraq, North Korea, Europe, the United Kingdom or to any other jurisdiction where such distribution would be contrary to the local laws and regulations” as ineligible to open an account.
Deposits and Withdrawals
The secure Fintana back office handles financial transactions for verified clients.
What are the key takeaways from the deposit and withdrawal process at Fintana?
- No internal deposit fees apply.
- The minimum deposit is $250 or the currency equivalent.
- Deposit currencies are the USD, EUR, GBP, and CHF.
- The minimum withdrawal amount is $10 for credit/debit cards and $100 for bank wires.
- Fintana levies an internal bank wire fee of $30.
- Third-party payment processing costs and currency conversion fees may apply.
- The withdrawal process can take between eight and ten business days.
- The name on the payment processor and Fintana trading account must match to comply with AML regulations.
- Payment processor availability depends on the geographic location of traders.
Is Fintana a good broker?
I like the trading environment at Fintana for equity traders due to its asset selection of liquid blue chip stocks. While the trading platform is user-friendly, it only supports manual trading, and I miss MT4/MT5 and its algorithmic trading functions. The $250 minimum deposit is higher than at many brokers but still within a reasonable range. The fee structure is most suitable for shorter-term traders.
FAQs
Does Fintana offer cryptocurrency trading?
Fintana offers cryptocurrency trading via CFDs.
What is the minimum deposit at Fintana?
The Fintana minimum deposit is $250.
Is Fintana a good broker to work with?
Fintana is best for short-term intra-day strategies using manual trading.
Is Fintana a scam or a legit broker?
Fintana is a legit broker regulated by the FSC in Mauritius under license number GB23201338 and registration number 197666.
Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.