Financingfifty
About Financingfifty Company
Established in 2017, Financingfifty presents itself as a brokerage firm, although questions have been raised regarding the accuracy of this claim. Despite asserting its registration in Cyprus, the company’s contact phone number, +44 (0) 130 23 481, is an international number. The website lists licensing documents from Mauritius and Belize, which typically cannot be issued to companies not registered in those countries. Furthermore, the absence of a license from the Cyprus regulator CySEC casts doubt on the legitimacy of the company.
Trading Instruments and Platforms at Financingfifty
With a portfolio of approximately 120 assets, Financingfifty offers a range of trading instruments beyond the standard options. In addition to traditional assets like Forex currency pairs, metals, stocks, indices, and energy commodities, clients can also trade cryptocurrencies. The platform allows trading with micro-lots starting from 0.01 across all instruments, although the leverage of 1:500 poses potential risks.
Trading Accounts at Financingfifty
Financingfifty features three types of trading accounts, each with minimal accompanying details:
- “Starter”: Clients can open an account with $100, offering a leverage of 1:20 suitable for novices.
- “Optimal”: This account requires a minimum investment of $1,000 and provides access to cryptocurrency trading with leverage up to 1:500.
- “Professional”: Opening this account necessitates a minimum of $10,000, granting clients constant access to a personal manager and some deposit protection benefits.
Deposits and Withdrawals at Financingfifty
Details regarding payment methods are not readily available on the website. The user agreement, displayed only in English through images, offers limited insights. The company commits to processing withdrawal requests within 1-2 business days, although users must create a personal account on the Financingfifty platform for further information.
Final Thoughts
Financingfifty shares limited information about its operations and trading terms. The absence of specifics on spreads, commissions, and withdrawal restrictions necessitates additional clarification. Potential clients are advised to consult with independent experts before engaging with this brokerage firm.
This review has been prepared by the specialists at ExpertsReview.
My experience with Financingfifty broker was extremely disappointing. Their customer service was completely unresponsive and inefficiency was a common theme throughout their operations. Despite the promises, communication was poor and felt aimless. They were never clear about the transaction details. Furthermore, the interest rates offered were remarkably high compared to other brokers. Simply put, the level of professionalism was terribly low. They did not respect my time or money. Even closing my account was a hassle with this company. Anything they promise, take with a grain of salt. Explore other options before you lock in with Financingfifty.