Finansero offers 2 trading accounts [Retail, Professional] with Rollover fees starting from 0.015% on currency pairs.
The broker's tradable instruments, with spreads from 0.6 pips on EUR/USD, are provided via the XCITE trading platform.
Finansero Company Information & Regulation
The broker operates under the umbrella of Global Trade CIF Ltd., a Cypriot company. Related Details and Specifics:
- Regulator: Cyprus Securities and Exchange Commission (CySEC)
- License Number: 190/13
- Registered Address: Athalassas 62, Mezzanine, Strovolos, 2012, Nicosia, Cyprus
- Year Established: 2013
Finansero Summary Of Key Specifics
Every Forex broker operates based on a structure of parameters and features. We will go through that of Finansero in the table below:
Broker | Finansero |
Account Types | Retail, Professional |
Regulating Authority | CySEC |
Based Currencies | EUR |
Minimum Deposit | $200 |
Deposit Methods | Credit/Debit Card, E-wallets, Bank Transfers |
Withdrawal Methods | Credit/Debit Card, E-wallets, Bank Transfers |
Minimum Order | 0.01 |
Maximum Leverage | 1:200 |
Investment Options | None |
Trading Platforms & Apps | XCITE |
Markets | Forex, Commodities, ETFs, Indices, Shares, Synthetic Derivatives, Crypto |
Spread | From 0.6 Pips on EUR/USD |
Commission | Rollover Fees Starting from 0.015% on Forex Pairs |
Orders Execution | Market |
Margin Call / Stop Out | 100% / 50% |
Trading Features | Economic Calendar, Glossary |
Affiliate Program | None |
Bonus & Promotions | None |
Islamic Account | None |
PAMM Account | None |
Customer Support Ways | Live Chat, Ticket, Email, Phone Call |
Customer Support Hours | 24/5 |
Available Trading Accounts
Finansero offers two main account types [Retail, Professional] with few differences to its clients. However, the former follows a tier system made up of 9 levels.
The higher the level, the lower the Rollover and prices will be. Account Details:
Account Type | Retail | Professional |
Min. Deposit | $200 | N/A |
Max. Leverage | 1:30 | 1:200 |
Swap-Free Account | None | |
For upgrading to a professional account, you will need to make a request after meeting the relevant criteria.
There is no demo account available as we have seen in other brokers. However, the first 5 trades on the retail account are "educational"; no profits or losses are effective.
Account Opening and Verification Process: Helpful Guide
Creating an account on Finansero is a very short process that takes little time. Here is how to do it:
- Navigate the website and click on "Register";
- Fill in the required data, including full name, phone number, and email address, then create a password. Alternatively, click on "Sign Up With Google/Facebook" to proceed with a Google or Facebook account.
Your account is created in its first stage. For completing the registration, you must provide additional personal information, residence location details, answer the questionnaire about your trading experience, and verify your identity. These are all done through the dashboard on the website.
Offered Platforms for Trading With Finansero Broker
The XCITE platform employed by the broker is the only option you got for working with it. Key Features:
- +300 various trading tools
- Essential functions such as the stop loss and the take profit
- Autochartist integration for technical analysis
- Access to an economic calendar
Here are the download links for installing the application on Android and iOS devices:
Spreads and Commissions for Trading and Non-Trading Activities
Finansero operates on a spread-based model, meaning it does not charge clients with any specific trading fees. The spread varies depending on the trading pair; here are 2 popular examples:
- EUR/USD: Starting from 0.6 pips
- GBP/USD: Starting from 1.2 pips
Besides, the company charges a "Rollover" fee for positions left open overnight. The amount is 0.015% of the overnight exposure for Forex pairs; it goes higher in other markets.
Also, a Currency Conversion Fee is applied; it is 0.7% of the trade's realized net profit and loss.
Funding/Withdrawal Methods
Finansero offers a variety of payment methods, including a total of +10 options, to the clients. Here is a list mentioning them:
- Credit/Debit Cards: VISA, MasterCard, Maestro, etc.
- E-wallets: Skrill, Neteller, Apple Pay, Google Pay, iDEAL, and so on
- Bank Transfers: Various methods
Are There Any Copy Trading or Other Investment Options on Finansero?
Unfortunately at the time of reviewing the broker, it does not currently offer copy trading or social trading features.
However, this is not necessarily a notable drawback since an investment option is an additional feature; not a main service in a financial brokerage.
Bonuses and Promotions Offered by Finansero
Unfortunately, based on the available data, there are no bonuses or promotional offers of any kind provided by the brokerage.
This could be because of its regulation status; most brokers regulated by the CySEC follow the same rule of thumb.
Support Service Channels and Working Hours
Finansero provides 4 typical ways to get in touch with its support team:
- Email: customer.service@finansero.com
- Phone: +357 22 000 787
- Live Chat: Available on the website and via a WhatsApp account
- Support Ticket: Through the "Contact Us" section of the website
Based on the investigations by our team, the customer service in this company is offered 24/5.
Trust Scores and User Reviews on Relevant Platforms
Finansero has received generally positive reviews and ratings from users and reliable sources such as "Trustpilot" and "ScamAdviser".
We will provide a summary of these scores in this section:
- Trustpilot: 4.6/5 with over 160 reviews
- ScamAdviser: Trustscore 60/100 and user reviews 4.4/5 (based on +130 ratings)
Conclusion and Final Words
Finansero provides leverage up to 1:30 for its retail clients and 1:200 for professional accounts.
The company has received an average rating of 4.6/5 based on +160 user reviews on "Trustpilot". The score is 4.4/5 with over 130 comments on the ScamAdviser website.
