Located in Vanuatu, Financika is a retail broker that allows traders to trade multiple financial instruments — forex, CFDs, stocks, commodities, and indices — using the advanced PROfit trading platform, which is available on the web and as mobile trading apps. The broker provides traders with various educational resources, useful trading tools, and competent customer support. The minimum deposit required to start trading is $200.
Financika Review, Pros & Cons
- Premium trading platform
- Educational resources
- Multiple financial instruments
- Lacks strict regulation
- Minimum $200 deposit
- No MetaTrader platforms
- Limited trading account types
- No USA or UK traders
In this detailed Financika review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Financika is a foreign exchange broker that operates from Vanuatu. The broker’s trading tools are available at your disposal 24/7, with professional analysis and customer support. The broker provides you with a web-based trading platform whilst offering several competitive trading conditions, such as zero commission, multiple payment methods, low spreads, leverage of up to 1:200, easy account opening process, and more.
Financika is owned by Financika (Sharp Trading) Ltd. The Financika Group consists of Cubbon Services Limited, a European entity that is duly registered in Cyprus with registration number 219627. It operates the website in conjunction with the international affiliate, Financika (Sharp Trading) Ltd, which is registered in Port Vila, Vanuatu, and licensed by the Vanuatu Financial Services Authority with license number 12898.
The broker’s services are not available to anyone residing in any jurisdictions where the offer of such service is not authorized.
Some Financika features and products mentioned within this Financika review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with the PROfit trading platform. It is an advanced trading platform that is replete with several built-in tools to enhance its functionality. Its user-friendly interface makes it a platform of choice for both beginners and advanced traders alike. Other essential features of the PROfit trading platform include direct platform support, advanced charts, one-click trading, and more. The platform is available as a WebTrader and a mobile that is compatible with smartphones running on Android and iOS.
Financika Trading Tools
There are various standalone trading tools on the broker’s website to help traders get the most out of their trades. Some of the tools include the Economic Calendar, Advanced Charts, and the AutoChartist, which help you to obtain a better picture of the data collected from the markets and understand the way the markets work.
To help traders make informed trading decisions, Financika makes available a good selection of learning resources on their website. These learning materials include learning articles, announcements, video tutorials, and an FAQ section that answers some of the common questions that traders may have.
Financika offers the following trading products: Forex, CFDs, stocks, commodities, and indices.
Financika Accounts & Fees
Financika only offers one standard account, which you can sign up for on the home page. The account requires a minimum deposit of $200, and the maximum leverage is capped at 1:200.
As broker fees can vary and change, there may be additional fees that are not listed in this Financika review. It is imperative to ensure that you check and understand all of the latest information before you open a Financika broker account for online trading.
Traders are provided with a customer support team who are polite and prompt in response. The support team can be contacted via telephone, email, and online form.
Financika Deposit & Withdrawal
The following payment methods are accepted at Financika for both account deposits and withdrawals:
- Bank wire transfer
- Credit/Debit cards: Visa, MasterCard, and Maestro
- Online payment processors, such as Neteller, Skrill, and more.
Financika Account Opening
There is an account opening form on the homepage of the broker’s website. You can open an account by just filling the account application form, after which you click on the ‘Join for Free’ button.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Financika is an online trading broker that operates from Vanuatu and offers access to trade multiple financial markets online. They provide traders with an advanced trading platform, educational resources, useful trading tools, and a knowledgeable client support team. The minimum deposit required to start trading is $200. The maximum leverage is pegged at 1:200, and no commission is charged on trades.
Online trading is speculative and may result in substantial or complete loss of funds, or even losses above your initial capital deposit. It should therefore be undertaken only with “risk capital,” defined as funds that are not necessary to your survival or well-being. It is your responsibility to consider whether foreign exchange trading is suitable for your financial position and investment objectives