Financika Review 2024

2.24/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Foundation date:
  • 2007
Updated:
2.24/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Foundation date:
  • 2007
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Financika isn't available in United States
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Our Evaluation of Financika

2.24/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Financika is a high-risk broker with the TU Overall Score of 2.24 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Financika clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Financika ranks 386 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

Brief Look at Financika

Financika is an online provider of investment solutions that operates globally and is ready to assist traders in maximizing their profit potential. Financika is a partner of choice for multiple traders thanks to top services, highly professional customer care, and truly effective individual approach.

Financika Summary

💻 Trading platform: WebPROfit, mobile
📊 Accounts: Real, Demo
💰 Account currency: USD
💵 Replenishment / Withdrawal: Credit Card, Bank Transfer, Skrill, Neteller.
🚀 Minimum deposit: 200 USD
⚖️ Leverage: 1:200
💼 PAMM-accounts: No
📈️ Min Order: No
💱 Spread: from 0.0003 p
🔧 Instruments: Currencies, CFDs, Stocks, Commodities, Indices
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: No

User Satisfaction

Score:
3.5/10

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RobertMi
2 years ago

Didn't really notice the difference between Financika and other brokers registered outside of Europe. The leverage is high, and much higher than any sane trader uses. You can open a demo - this is a plus. But there are no cent accounts, which, of course, is a minus. How to test trading conditions or new strategies? I am skeptical about copyright terminals. So the WebPROfit platform from Financika did not arouse my enthusiasm. It is easy to use, one-click trading is available, quotes are updated in real time. But does it surpass the classic Metatrader in terms of functionality? For me, it doesn't. Spreads could also be lower. Passing broker for me.

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ajuzchucky
3 years ago

Broker Financika does not have a normal legal address. No regulator license available. Your deposits are not immune to broker fraud. I do not recommend opening a trading account with Financika.

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sansan
3 years ago

Financika is a very problematic company. As soon as you start making a profit, they do everything for a loss. My stop loss did not work for three orders. These orders brought a loss in the amount of 1/3 of the balance.

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arwana01
3 years ago

Financika deceived me. My total investment was about $ 28,000. I asked them to withdraw my profits, but instead of sending it, they asked me to deposit more money for this. When I sent what they asked for, they didn't send anything.

Comparison of Financika with other Brokers

Financika RoboForex Pocket Option Exness FBS Libertex
Trading
platform
Mobile, WebPROfit MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading Libertex, MT5, MT4
Min deposit $200 $10 $5 $10 $1 100
Leverage From 1:1
to 1:200
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:30
for retail clients
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 0 points From 1.2 point From 1 point From 0.2 points From 0.1 points
Level of margin call
/ stop out
No 60%  /  40% 30%  /  50% No  /  60% 40%  /  20% 50%  /  50%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution
No deposit bonus No No No No $5 No
Cent accounts No Yes No No Yes No
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