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
- $200
- Xcite
- CySEC
Our Evaluation of Finansero
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
Finansero is a moderate-risk broker with the TU Overall Score of 5.83 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Finansero clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Finansero offers a variety of opportunities for both novice and experienced traders. Its convenient platform and accessible tools make it easy for clients to begin trading in financial markets.
Brief Look at Finansero
Finansero is a Cyprus-registered Forex and CFD broker licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 190/13. It offers a functional XCITE platform for manual trading in financial markets. The platform provides access to over 300 instruments, including CFDs on currencies, stocks, metals, energies, commodities, and indices. Traders can easily open and close trades through the web platform, mobile apps, or by phone via the brokerage department.
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- User-friendly and intuitive trading platform.
- Over 300 trading instruments.
- Tight spreads, trading without lot commissions.
- Phone trading is available.
- Regulated broker by CySEC.
- Market analysis tools are available.
- No deposit or withdrawal fees,
- Limited range of payment systems.
- Lack of quality training for beginner traders.
TU Expert Advice
Financial expert and analyst at Traders Union
Finansero's trading platform provides a range of tools, including customizable charts with numerous indicators and analytical features. This allows traders to tailor their analysis to their specific needs and adapt their strategies to changing market conditions
Finansero offers a unique opportunity for beginners: the first five trades are risk-free practice trades. If a loss occurs, the funds are refunded to the account. Conversely, any profits from these trades are not realized. These practice trades can remain open for up to three calendar days, allowing new users to familiarize themselves with the platform's features and the potential risks and rewards of trading without risking their capital.
Additionally, Finansero offers quality client support. If a trader has any questions, they can easily contact the brokerage department for assistance. This is particularly beneficial for beginners who may need extra guidance and advice during their initial trading phase.
Overall, Finansero can be a solid choice for new traders looking to learn how to trade in financial markets.
Finansero Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | XCITE (Web, Mobile App) |
|---|---|
| 📊 Accounts: | Retail, Professional |
| 💰 Account currency: | EUR |
| 💵 Deposit / Withdrawal: | Wire Transfer, E-wallets, credit and debit cards |
| 🚀 Minimum deposit: | $200 |
| ⚖️ Leverage: | Up to 1:30 (Retail), up to 1:200 (Professional) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lots |
| 💱 EUR/USD spread: | 0,6-1,5 pips |
| 🔧 Instruments: | CFDs on currencies, cryptocurrencies, stocks, indices, commodities, synthetic derivatives, and ETFs |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Phone trading is available, trades with no commission per lot |
| 🎁 Contests and bonuses: | No |
Finansero supports manual CFD trading using various strategies that avoid market manipulation. The platform offers one-click trading, stop-loss and take-profit orders, and technical analysis tools. Spread sizes and leverage levels vary based on client categorization and the specific trading instrument.
Finansero Key Parameters Evaluation
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Trading Account Opening
Finansero offers a live account opening process. To create an account, follow these steps on the company’s official website:
Provide personal information. Enter your first and last name, phone number, and email address. At this stage, you will also generate a password to access your user account.
Complete a questionnaire. Answer several questions about your trading strategy, experience, and finances.
Verification. Submit documents to verify your identity and residential address.
Regulation and safety
Finansero has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
Finansero Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
Finansero Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Finansero have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Finansero with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Finansero’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Finansero Standard spreads
| Finansero | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,6 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 2,3 | 1,4 | 0,5 |
Does Finansero support RAW/ECN accounts?
As we discovered, Finansero does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Finansero. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Finansero Non-Trading Fees
| Finansero | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Under the policy of the Cypriot regulator CySEC, Finansero categorizes clients as either retail or professional. Each status corresponds to a specific account type.
Account types:
Deposit and withdrawal
Finansero received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Finansero provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No deposit fee
- Bank card deposits and withdrawals
- Bank wire transfers available
- Low minimum withdrawal requirement
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
- PayPal not supported
What are Finansero deposit and withdrawal options?
Finansero provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill.
Finansero Deposit and Withdrawal Methods vs Competitors
| Finansero | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Finansero base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Finansero supports the following base account currencies:
What are Finansero's minimum deposit and withdrawal amounts?
The minimum deposit on Finansero is $200, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Finansero’s support team.
Markets and tradable assets
Finansero offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 45 Forex pairs.
- Crypto trading
- 45 supported currency pairs
- Indices trading
- Limited asset selection
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Finansero with its competitors, making it easier for you to find the perfect fit.
| Finansero | Plus500 | Pepperstone | |
| Currency pairs | 45 | 60 | 90 |
| Total tradable assets | 300 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Finansero offers for beginner traders and investors who prefer not to engage in active trading.
| Finansero | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
The company operates 24/5, from Sunday 22:00:01 to Friday 22:00:00 GMT. During this time, broker’s representatives are available to answer questions about trading conditions and services.
Advantages
- Various communication channels
- Prompt chat support
Disadvantages
- Support is unavailable outside of business hours
- There is no option for a callback
You can reach Finansero through:
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Online chat on the broker’s website.
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Email.
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Telephone.
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Feedback form.
Contacts
| Registration address | Athalassas 62, Mezzanine, Strovolos, 2012, Nicosia, Cyprus |
|---|---|
| Regulation |
CySEC
Licence number: 190/13 |
| Official site | https://www.finansero.com/ |
| Contacts |
Education
The Finansero website lacks a dedicated educational section. While the Support and Trading pages provide explanations of basic concepts, they do not offer a comprehensive resource for learning to trade in financial markets.
Comparison of Finansero with other Brokers
| Finansero | Eightcap | XM Group | RoboForex | Pocket Option | AMarkets | |
| Trading platform |
Xcite | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | MT4, MT5, AMarkets App |
| Min deposit | $200 | $100 | $5 | $10 | $5 | $100 |
| Leverage |
From 1:1 to 1:30 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0.2 points | From 0 points | From 0.8 points | From 0 points | From 1.2 point | From 0 points |
| Level of margin call / stop out |
100% / 50% | 80% / 50% | 100% / 50% | 60% / 40% | 30% / 50% | 50% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
Detailed Review of Finansero
Finansero is a reliable broker that provides access to a variety of financial instruments for both beginners and professionals. Its trading platform offers more than 300 assets, including currency pairs, stocks, and commodities. This wide selection allows traders to explore multiple opportunities, which is particularly beneficial for those trading across different classes of CFDs. Additionally, CySEC regulation affirms the broker’s reliability and commitment to client obligations.
Finansero’s trading platforms:
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XCITE. A modern trading platform featuring Autochartist, news, Trading Insider, and support for Stop Loss and Take Profit. Available on desktop and mobile.
Finansero by the numbers:
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10+ years of experience.
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300+ trading instruments.
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$0 commission per lot.
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$200 minimum deposit.
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Spreads from 0.2 pips.
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Swap discounts range from 5% to 40%.
Finansero’s offered services:
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Retail and professional CFD trading.
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Access to Autochartist.
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Market analytics and real-time quotes.
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Online and phone support.
Competitions and bonuses:
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No.
Advantages:
Free access to market news and analytics.
The ability to use leverage in trades.
An intuitive trading terminal interface.
Negative balance protection.
24/5 client support during market hours.
Fast and secure deposits and withdrawals.
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