About the company
Financika Trade is an online forex broker that caters to both beginners and experienced investors. Sharp Trading Ltd is in charge of the company, which is registered with the Vanuatu Financial Services Commission (VFSC) and also functions as a European corporation in Cyprus. Clients may be found from Europe to Chile, Mexico, Peru, and Colombia. The company’s support address is in Bulgaria, but customers can be found from Europe to Chile, Mexico, Peru, and Colombia.
The company provides WebPROfit, a no-download trading platform that is ideal for traders of all skill levels. Advanced charting tools, one-click trading, no slippage, and direct platform support are all features of the web platform. To use these features, users must first create an account by filling out an online form on the website.
The WebPROfit platform is available as a mobile app, allowing customers to manage their accounts and transact while on the go. Live quotations and charts, financial news, and quick account monitoring are all available to mobile traders, just as they are on the web platform. The app is available for download from the Play Store or App Store and is compatible with all iOS and Android mobile devices. The PC credentials for FinancikaTrade.com must work with the mobile app.
The company only has one standard account available, which you can sign up for on the home page. The minimum deposit is $200, with a maximum leverage ratio of 1:200. Please contact support if you have any account-related questions.
Financika offers a wide range of products:
- Currencies – Trade 40+ major, minor and exotic currency pairs
- Indices – Trade 7 of the world’s most popular indices
- Stock CFDs – Trade over 90 global companies
- Commodities – trade in gold, silver, oil.
Spreads and commissions
Spreads start at 3 pips for key currency pairings, which is more than most other brokers. The spread on Brent crude is $ 0.12, while the spread on silver and gold is $ 0.04 to $1, respectively.
Other fees to be aware of are the overnight switch fee and the $ 500 inactivity fee, which is imposed every quarter. This is far greater than the commissions charged by other brokers on dormant accounts.
The broker offers leverage ranging from 1:10 for CFD equities to 1: 200 for commodities and currencies, as well as indices at 1: 100. These are reasonable leverage rates, allowing traders to open massive bets with little risk.
Deposits and withdrawal
Credit cards, bank transfers, and e-wallets can all be used to make deposits. Please keep in mind that a credit card deposit requires a minimum of $200. Credit cards and bank transfers typically take 2 to 5 business days to process, while e-wallet deposits can take up to 5 days. Withdrawals can be done in the same way, with a processing time of 4-5 business days on average. The company states that there are no withdrawal fees, yet numerous online consumer reviews contradict this assertion. When hiring a broker with a history of poor withdrawal practices, we advise you to be cautious.
Deals and promotion
Customers are eligible for weekly bonuses, which vary in size and style each week. Traders should keep an eye on the broker’s homepage for information on these benefits. When new users register an account, they receive trade credit, albeit information on deposit bonuses for registration is restricted. With that in mind, it’s recommended to contact customer care via the contact information provided below to learn more. The broker also provides traders with investment protection for their first five deals, allowing newcomers to test the waters in a safe atmosphere. Please note that this insurance is subject to the broker’s website’s unique restrictions.
Financika has a Beginner’s Academy with resources tailored to their needs. A dictionary of words, trading basics, charting and technical analysis, and video tutorials are among the features. While there are some valuable training tools available, they are not as comprehensive as those supplied by rival brokers. Currency charts, a daily economic calendar, and forex video analysis are all excellent analytical tools.
- forex and commodities from Sunday 22:00 GMT to Friday 22:00 GMT.
- US Markets – 14:30 – 21:00 GMT, Monday through Friday.
- European and British Markets – 8:00 am to 4:30 pm GMT, Monday through Friday.
- Asian Markets – Monday through Friday from 0:00 to 2:00 GMT and from 15:30 to 18:00 GMT.
Customers can access 24/7 support through:
- Online Request Form – Contact Us Page
- The contact telephone number is +27212004239 (South Africa).
- Email – firstname.lastname@example.org
- Live chat – the logo is located in the lower right corner of the site.
- Financika (Sharp Trading) Ltd is headquartered in Law Partners House, Kumul Highway, Port Vila, Vanuatu.
- UK customer restriction
- $ 500 inactivity fee.
- No demo account
- One type of account