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Financika Review 2025

Oleg Tkachenko
Written by: Oleg Tkachenko Oleg T.
Contributor
Mirjan Hipolito
Fact-checked by: Mirjan Hipolito Mirjan H.
Cryptocurrency and stock expert
Updated:
Table of Contents

Brief Look at Financika

Financika, a brokerage firm registered in the offshore Vanuatu area, has ceased trading and no longer provides online trading services. The company's lack of licenses from reputable international regulators raised concerns about its reliability. Furthermore, the trading conditions offered by Financika were less favorable compared to competitors: client reviews reported high spreads, frequent slippage, and price manipulation.
The broker did not offer the popular MetaTrader platforms, which provide transparency in pricing and a wide range of tools for technical analysis. Clients complained about difficulties with withdrawing funds, and the conditions for withdrawing bonuses were practically impossible to meet.
In December 2016, the French financial regulator AMF (Autorité des marchés financiers) blacklisted Financika for illegally offering investment services. After numerous client complaints and warnings from the French financial regulator AMF, the broker's activities were halted, and its website became inaccessible.

User Satisfaction i

Score:
3.5/10

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RobertMi
3 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
4 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
4 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
4 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.

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Team that worked on the article

Oleg Tkachenko
Oleg Tkachenko Author and expert at Traders Union
  • Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

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Dr. BJ Johnson
Dr. BJ Johnson Developmental English Editor
  • Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito
Mirjan Hipolito Cryptocurrency and stock expert
  • Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).