Opinion about Finpari

Have you come to Estafa.info to check if Finpari is legit? You should know that this broker is not licensed in any dollarpeo country and operates from Seychelles. This does not mean that it is a scam, but it does mean that investor protection is practically nil. In Estafa.info we have created an entry with the best online brokers of 2018 to help you in the arduous task of choosing a portal that suits your needs while ensuring secure transactions and operations.

Below you can read how this broker's offer is, the platform, its list of assets and many other details that may be important to decide if it is a suitable website for you to open an account and start trading binary options.

Our experience with Finpari

We are dealing with a simple broker, with a very basic offer. Thanks to its website, you can invest in commodities, stocks, indices and currencies. This is the usual offer in binary options brokers, but in this case the amount of assets in each of these categories is quite improvable.

In addition to the traditional binary options offer, it is possible to do social trading. That is, follow and copy the operations of other traders who are achieving good returns. The problem with this is that the information that the platform offers us about the other traders is not entirely transparent. In conclusion, the offer does not stand out absolutely for nothing and security or do for its absence, so we have no good reason to take this risk. Keep reading the next section to find out about security.

Is Finpari a scam?

After having carried out the analysis of the company, our opinion is that it is not a scam. However, if you are going to deposit money into an account on this website, it seems advisable to be very cautious.

The company Lerona Impex S.A is registered in Seychelles, which means that any dollar customer who had a problem with the company would not be protected by EU laws. In fact, if you have to take legal action, you should do it in Seychelles, with the cost in time and money that that could imply.

As a consequence of this, the broker can put clauses to which he is not used in Dollarpa and that it would be necessary to think a lot if to accept. For example, according to their terms and conditions, even if no bonus has been received, the client must at least once trade the deposited money in order to withdraw it from his account. As for the money transactions between the company and your account, they do seem secure enough, thanks to SSL encryption.

Investment offer

The offer of this broker is limited. For someone who starts with binary options we could say that it is enough, since it is surely better to invest in only a few assets, but well analyzed, than to invest in assets from all over the world, but with superficial analyzes. However, it is worth being aware that among the stocks in which you can invest there is no New Zealand.

Apart from the investment itself, on the web you have available some very basic training materials and general information about the company that also does not add much value. The investment interface is similar to what we will find in other brokers, of a quality between good and acceptable.

Binary options trading

If we focus on the possibility of investing in binary options, thanks to the services of this company you will be able to do it in 58 different underlying assets that we detail below.

The types of binary options that can be worked with are the classic, pairs, sixty seconds and one touch. The available stocks are 19: Citi, Microsoft, Apple, Nike, Gazprom, BP, Lukoil, Coca Cola, HSBC, Tata, Turkcell, Tesco, Teva, Nissan, IBM, Reuters, Bae Systems and Rolls Royce. Currency pairs are 12. On the dollar you will find: NZD/GBP, NZD/JPY and NZD/USD, as you can see, nothing out of the ordinary. Commodities surprise because they are 7, when brokers with a much better offer usually offer only 3 (gold, silver and oil). Here you can invest in silver, platinum, oil, sugar, coffee, wheat and gold. Finally, you can also invest in 20 stock indices: MICEX 10, TOPIX, TEL AVIV 25, NIKKEI 225, KLE Future, SSE 180, Hang Seng, Bombay SE, Kuwait, Dubai, Tadawul, MSM, RTS, ISE 30, FTSE 100, CAC, DAX, Nasdaq, S&P 500 and Dow Jones. On the positive side, what stands out the most about the binary options offer is that a lot of flexibility is possible when it comes to trading deadlines.

Welcome bonus

One of the few advantages that unregulated brokers have is that they have more freedom to offer welcome bonuses. In this broker you can get a maximum of $ 10,000 per year in bonuses. That said, it would be necessary to see the conditions of them to decide if they are advantageous. Here we explain the conditions of this case so that you can decide:

For your first deposit you can get a bonus of 20, 50 or 100% depending on the amount you deposit up to a maximum limit of $3000. To be able to withdraw the money, you must trade a volume of 20 times the bonus money plus the deposit. This means that for a 100% bonus for 3000 NZD, you will have to trade 20x(3000+3000)= 120 000 $. If you do not do this, you will lose the bonus and the winnings associated with it. Also, keep in mind that in the first 3 months, you must fulfill a trading volume of 3 times the deposit amount plus the bonus amount and if you do not do this the bonus will be canceled. If you withdraw your money, after having received a bonus, without fulfilling the trading volume conditions, a commission of 20% will be applied to you.

Therefore, when you are going to deposit money it is important to evaluate whether the bonus suits you, answering the question of whether you will be able to meet the indicated trading volumes by operating responsibly. If not, we recommend that you contact customer support, to make sure that you do not want any bonus. If they give you a bonus that you don't want, you must contact them within three days to refuse it and not make any trades before the bonus is deleted. The difference between having to trade the deposit once and having to do it 20 times, but adding the bonus amount to it, makes it really worth making the effort to refuse the bonus if you are not going to trade daily and with a huge volume.

Finpari payment methods

Entering money on this website is quite simple. There is no commission for entering and you can do it with credit or debit cards, various electronic wallets, bank transfer and even bitcoins. Among the most well-known electronic wallets are Neteller and WebMoney, but PayPal or Skrill are not included.

Withdrawals can only be made after the verification process has been carried out and the truth is that they are quite problematic. Bank transfers have a fee of $ 50 and in general they do not let you choose the withdrawal method, but they will force you to make it the same one you used to deposit. In addition, you must have traded the total amount of the deposit at least once to be able to withdraw it, as long as you have not purchased a bonus, in which case the conditions of the same will apply.

Finpari Security and regulations

Finpari's safety is very much in question. From Estafa.info we cannot claim that it is a fraud, but we cannot recommend it either. It's hard to say anything good about their safety and regulations because they are basically non-existent. This broker does not put your money in a segregated account, has no obligations to any financial authority, has no license, has no protocol to avoid conflicts of interest, has no obligation to ensure the best possible execution for your order, if you deposit in it you do not have the protection of a compensation fund in case of insolvencies.

If you want to put your money in the hands of strangers and trust their good faith, you can do it. At least we can tell you that you will be able to entertain yourself by operating. Now, when the time comes to withdraw the money, it will not be easy for you. Read the terms and conditions of the website and the bonus carefully, make sure that you understand it correctly and that it is consistent with your decisions. We recommend that you look at other brokers, as simple as that. The reason is simple, the risk is not compensated by the offer. If this broker offered us something special, we could give him a vote of confidence and try, but what's the point if his offer is worse than average?

Customer service

Customer support is available via web form, UK, Hong Kong, Thailand and Russia phone, email, which you can see in the table above and live chat. Unfortunately, the opening hours are not informed and, of course, the service is not available in New Zealand, but in English. It should be noted that if you are a new customer, you can enter your phone and wait for them to call you to inform you of their services.

Functionality of the website

The investment platform they use is called Spot 2.0. In it we find two upper menus. One in which you can choose the type of binary option to trade: classic, ladder, one touch etc, and another in which you must choose the asset category: indices, stocks, currencies, commodities. Below, in the central part you can choose the specific asset, the expiration date and the amount you want to invest. You will see that as you change the asset, the graph changes so that you can see the latest evolutions of it. Be careful, it takes some delay. On the right you can see the profitability of the operation if you win and two big buttons, one to buy and one to sell. As you can see, it is a simple, but functional platform.

Apart from that, the website has a top navigation menu and another one in the footer. Through both you can move perfectly through all the contents of the page and visit other sections such as the training center, the contact page or the terms and conditions. The background of the page is white and the secondary colors are gray and orange.

Mobile application

Investing from anywhere is one of the aspects that most attracts the attention of users who want to start with binary options. To do this, you only need a smartphone or tablet with an internet connection and a good mobile app. Well, well:

Is there a Finpari app? Yes, there is a mobile app for both Android and iTunes, but they cannot be configured in Spanish, so you will have to do your pinitos with English. The quality of the app is at the level of the rest, that is, a good scraping. We assume that in subsequent updates they will improve in this section.

Finding

Finpari is a broker to invest in binary options with an offer that stands out for absolutely nothing. Few available assets, few security guarantees, a mobile app that offers nothing of the other world. Why settle for this broker when you can get a much better and safer service with any other? Visit our online brokers page and you will see that we have reviewed much more reliable brokers.

If you finally decide to take the step with this one, we can only recommend that you be cautious and do not enter too much money until you check for yourself how everything works, especially cash withdrawals.