Fintana Review

Introduction 

Fintana is a new broker in the CFD trading space offering more than 160 CFD assets to trade with including forex pairs, stocks, commodities, indices, metals, cryptocurrencies, and stocks. The wide variety of tradable instruments make it a suitable broker for traders with a wide range of trading preferences. With maximum leverage of up to 1:400, traders can distribute their capital on multiple trades and control more positions.

The broker is both located and regulated in Mauritius under the license number GB23201338 and registration number 197666. As a regulated broker, Fintana users get a higher level of safety and peace of mind. 

The broker offers a wealth of knowledge to traders at every level of expertise. The educational material is very comprehensive. New traders can learn from Fintana and test their strategies with demo accounts. However, the minimum deposit for this broker is somewhat higher than usual. 

Supported Countries

Traders from territories including the United States, Canada, EU, United Kingdom, Russia, Iran, Iraq, Belarus, and North Korea cannot trade with Fintana. If you are from one of these regions, you can head to our broker listings and find a broker available in your region.   

You can create an account and start trading with Fintana from countries including Algeria, South Africa, Nigeria, Australia, New Zealand, Malaysia, Indonesia, and practically all countries besides the restricted regions. 

A broker’s availability in a region can change over time because of many factors like changes in rules and regulations. The best way to know if you can trade with a broker or not is to visit its sign up page. Based on your selected country of residence or phone number’s country code, your broker lets you know if you can trade or not. If you cannot proceed even after filling all the fields correctly, this means that the broker is unavailable in your country. 

Average Customer Ratings

When researching a broker, it is advisable to see their ratings and the reviews. You can get some idea about the quality of service by checking their reviews. We allow posting your customer review and giving a broker a rating. The brokers that do not have customer reviews are usually new on our website. 

At the time of writing this review, Fintana has a solid rating of 4.6 based on 30 reviews posted on TrustPilot. There are currently no 2-star or 1-star ratings. On top of that, Fintana’s support actively responds to comments on Trustpilot which is another good sign. 

Trading Platform

There are many trading platforms out there that different brokers prefer based on their preferences. Fintana offers a WebTrader trading platform which is quite convenient being a browser based trading tool.

Many brokers offer multiple options from the popular cTrader, MT4, MT5, Tradingview, or their own proprietary platforms, Fintana exclusively offers WebTrader. WebTrader is a great trading platform with many solid features that allows you to trade without extra steps. 

Fintana’s Leverage

For forex pairs, the leverage is set at 1:400, and it’s 1:200 for metals like silver and gold, indices, and commodities. When trading stocks or cryptos, the leverage is lower at 1:5. High leverages can increase profits but it is also important to know that they can result in bigger losses. 

Customer Service

Fintana has one of the best customer service among new brokers we have recently reviewed. The channels, availability, and up to 10 language options make its customer support special. You can contact [email protected] or dial +44 7701 421540 to get in touch with their team. Otherwise, you can also get yourself the necessary help by checking their self-help content sections like FAQs, Glossary, or courses. 

Educational Material

Resources for trading education published by Fintana are some of the most comprehensive among brokers. The best part is that you can learn something and practice it right away on Fintana’s demo accounts. Combining these two, a new trader can experience interactive learning. 

If you are someone who does not even know the meaning of basic trading terminologies,you can head to the Education Center from the resources tab. There are sets of video lectures you can find here like Learn the Basics, Trading Terms, and Advanced Lessons. As you progress, you can take more advanced courses here. 

If you are still hungry to learn more, you can head to the e-books section. Continuous learning is crucial for success as a trader. So, it is highly recommended that you explore such resources.

Deposits and Withdrawal Methods

You can make deposits to your Fintana trading accounts using credit cards, debits cards, wire transfer or AMP. However, you will have to at least deposit the minimum fee of $250 (or same value). 

You can use similar methods for withdrawal. You will have to select the withdrawal option from your trading account. It is also important to note that you withdraw less than $10 from debit/credit card and you $100 from wire transfer.

Many brokers do not allow third-party payments to comply with anti-money laundering regulations. Therefore, always make the payments for your account by yourself - from your own bank account. 

Company Details

Fintana is a part of the same group as IGM Forex Ltd. which is a brokerage firm with CySEC regulation. So you can say it is a part of a regulated group of brokers. The address of Fintana’s office is 6th Floor, Tower 1, Nexteracom Building, Ebene, Mauritius. 

Regulations and Compliance

Fintana is an FSC Mauritius regulated broker with license no. GB23201338. FSC Mauritius is not considered a top-tier regulation but the broker is a part of IGM Forex Ltd. with CySEC regulation. However, you cannot expect security features of a top-tier broker unless a broker is regulated by them. In other words, there are no offerings like investor protection.

Customer Protection

According to Fintana, they keep their own and client funds segregated. This approach can add a layer of security and gives a peace of mind to the customers. In addition, they also have other customer protection features like negative balance protection, stop out, and margin call. These features can play a part in minimizing the involved risks. 

Conclusion 

Fintana is a promising new FSC regulated broker offering some great features like its educational content. Traders can get some serious value when trading with Fintana. The trader education and customer support features are amazing. On top of that, you have an extensive range of assets to explore and start trading with. With all things considered, Fintana is an amazing broker to learn and scale your trading efforts.