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
- $250
- WebTrader
- FSC
Our Evaluation of Fintana
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
Fintana is a moderate-risk broker with the TU Overall Score of 5.95 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Fintana 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.
Fintana is a globally regulated broker offering quality services for accessing OTC markets to traders worldwide. The broker primarily focuses on active trading in Forex and CFDs within a secure and user-friendly environment.
Brief Look at Fintana
Fintana is an STP broker offering a proprietary platform for trading over 160 CFDs (Contracts for Difference). Clients can trade a diverse range of assets, including currency pairs (Forex), cryptocurrencies, indices, shares of major companies, and commodities such as gold, silver, and oil. The broker operates under the oversight of the international regulator FSC (Financial Services Commission of Mauritius). Fintana caters to traders of all levels with five account types, along with a demo account for practice. Key features include negative balance protection and segregated client fund storage.
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- Operates under the supervision of an international regulator.
- Wide selection of account types.
- Fast web platform with built-in market analysis tools.
- Wide variety of trading instruments.
- Leverage up to 1:400 available for trading.
- Quality 24/7 trading support.
- Educational content for both beginners and experienced traders.
- Client support is not accessible via live chat.
- No options or solutions for generating passive income.
TU Expert Advice
Financial expert and analyst at Traders Union
Fintana provides a modern, intuitive trading platform suitable for both novice and experienced traders. Regulated by the Mauritius Financial Services Commission (FSC), Fintana offers clients a basic level of safety and reliability. Traders can access a diverse range of asset classes, including leveraged trading. Negative balance protection is applied to all accounts, ensuring that clients cannot lose more than their initial investment in margin trades.
Fintana distinguishes itself with an extensive array of trading tools. With access to over 160 different CFDs, traders can explore numerous popular markets, including the highly liquid currency market. The platform's user-friendly interface and access to a wealth of technical indicators facilitate quick decision-making and enable traders to adapt their strategies to prevailing market conditions. Furthermore, Fintana supports traders through comprehensive educational materials, such as courses and eBooks, to enhance their trading knowledge.
Beyond trading opportunities, Fintana offers valuable tools like an economic calendar and Trading Central analytics, significantly enhancing the decision-making process. These additional features, combined with 24/7 client support, make Fintana an excellent choice for those seeking a reliable and functional brokerage.
Fintana 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: | WebTrader (proprietary trading platform) |
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📊 Accounts: | Classic, Silver, Gold, Platinum, VIP, Demo |
💰 Account currency: | USD, EUR, CHF, GBP |
💵 Deposit / Withdrawal: |
Deposit: Credit/debit cards, bank transfers, APMs Withdrawal: Credit cards, Bank transfers, E-wallets |
🚀 Minimum deposit: | $250 |
⚖️ Leverage: | Up to 1:400 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 lots |
💱 EUR/USD spread: | 2,5-3,0 pips |
🔧 Instruments: | Forex, cryptocurrencies, indices, stocks, metals, commodities, CFDs |
💹 Margin Call / Stop Out: | 100%/20% |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes, via browser |
➕ Affiliate program: | Yes |
📋 Order execution: | STP |
⭐ Trading features: | Negative balance protection, and no commission per lot |
🎁 Contests and bonuses: | Yes |
Fintana provides a variety of account options with different features and access to CFD trading through the STP model without commissions. The maximum leverage is 1:400 for Forex, 1:200 for gold, silver, other commodities, and indices, and 1:5 for stocks, bonds, and cryptocurrencies. The minimum deposit for all account types is $250 or the equivalent in the account currency.
Fintana Key Parameters Evaluation
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Trading Account Opening
Steps to open an account with Fintana:
Visit the broker’s website and click Sign Up.
Fill out the form with personal details and contact information, including phone number and email.
Complete a short questionnaire about your trading goals and financial capabilities.
Provide your residential address and ID details.
Confirm you are at least 18 years old and not a U.S. resident.
Upload photos of documents to verify identity and address.
Regulation and safety
Fintana has a safety score of 8.2/10, 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
Fintana Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
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|
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
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Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
Fintana Security Factors
Foundation date | - |
Negative balance protection | Yes |
Verification (KYC) | No |
Commissions and fees
The trading and non-trading commissions of broker Fintana have been analyzed and rated as High with a fees score of 3/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- 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 Fintana 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, Fintana’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.
Fintana Standard spreads
Fintana | Pepperstone | OANDA | |
EUR/USD min, pips | 2,5 | 0,5 | 0,1 |
EUR/USD max, pips | 3,0 | 1,5 | 0,5 |
GPB/USD min, pips | 2,8 | 0,4 | 0,1 |
GPB/USD max, pips | 3,5 | 1,4 | 0,5 |
Does Fintana support RAW/ECN accounts?
As we discovered, Fintana 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 Fintana. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Fintana Non-Trading Fees
Fintana | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 30 | 0 | 0-15 |
Inactivity fee ($, per month) | 100 | 0 | 0 |
Account types
Fintana offers five live accounts, along with demo accounts funded with a virtual balance of $100,000 for training and strategy testing. The accounts differ in terms of spreads and swap fees.
Account types:
Deposit and withdrawal
Fintana received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Fintana provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- No deposit fee
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Only major base currencies available
- Minimum deposit above industry average
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Fintana deposit and withdrawal options?
Fintana 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.
Fintana Deposit and Withdrawal Methods vs Competitors
Fintana | 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 Fintana base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Fintana supports the following base account currencies:
What are Fintana's minimum deposit and withdrawal amounts?
The minimum deposit on Fintana is $250, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Fintana’s support team.
Markets and tradable assets
Fintana offers a limited selection of trading assets compared to the market average. The platform supports 160 assets in total, including 45 Forex pairs.
- 45 supported currency pairs
- Crypto trading
- Indices trading
- Bonds not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Fintana with its competitors, making it easier for you to find the perfect fit.
Fintana | Plus500 | Pepperstone | |
Currency pairs | 45 | 60 | 90 |
Total tradable assets | 160 | 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 Fintana offers for beginner traders and investors who prefer not to engage in active trading.
Fintana | Plus500 | Pepperstone | |
Bonds | No | No | No |
ETFs | No | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Customer support
Fintana offers professional 24/7 support to both clients and unregistered users.
Advantages
- 24/7 support
- Fast and informative responses
Disadvantages
- The lack of live chat on the website
Fintana can be contacted via:
-
Email.
-
Phone.
-
Contact form on the website.
Contacts
Registration address | 6th Floor, Tower 1, Nexteracom Building, Ebene, Mauritius |
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Regulation |
FSC
Licence number: GB23201338 |
Official site | https://www.fintana.com/en/ |
Contacts |
+447701421540
|
Education
Fintana provides traders with all the necessary resources for learning and offers both basic and advanced courses. Fintana’s Educational Center covers a wide range of topics, from trading fundamentals to complex market strategies, and helps traders develop their skills and deepen their knowledge.
Comparison of Fintana with other Brokers
Fintana | Bybit | Eightcap | XM Group | RoboForex | VT Markets | |
Trading platform |
WebTrader | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ |
Min deposit | $250 | No | $100 | $5 | $10 | $50 |
Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | Yes |
Accrual of % on the balance | No | No | No | No | 10.00% | No |
Spread | From 0.9 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
Level of margin call / stop out |
100% / 20% | No / 50% | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% |
Order Execution | STP | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | No | Yes | No |
Detailed Review of Fintana
Fintana provides traders with a functional and user-friendly trading platform accessible across various devices through popular web browsers. The company prioritizes client education and support, offering comprehensive educational materials and 24/7 client support. With access to analytical tools such as the economic calendar and Trading Central, traders can effectively make informed trading decisions. Client information is protected and securely stored using advanced technology and 128-bit SSL encryption to ensure privacy.
Fintana’s trading platforms:
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WebTrader. Fintana’s proprietary platform with an intuitive navigation panel, technical analysis tools, real-time quotes, and customizable watchlists.
Fintana by the numbers:
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Supports 10 languages.
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Offers 160+ CFDs.
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Provides a trading platform with 20+ analytical tools.
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There are no per-lot commission fees.
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The minimum deposit is $250.
Services offered by Fintana:
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Accounts for traders of various experience levels.
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Access to multiple financial markets.
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High-speed STP execution model.
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Support via email and phone.
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Training for both beginners and advanced traders.
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Analytical tools powered by Trading Central and fundamental data and strategy builders.
Promotions and bonuses:
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Swap fee discounts.
Advantages:
Negative balance protection on all account types.
Transparent trading commission calculations.
Demo account for learning and strategy testing.
Discounts on overnight position fees.
Wide range of deposit and withdrawal methods.
Zero deposit fees are charged by the broker.
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