Search

Rating Index

Pros

Regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a level of oversight and protection for clients.
Offers a variety of financial instruments, including forex, CFDs, ETFs, stocks, bonds, and derivatives.
Provides access to advanced trading platforms such as MT4 and a multi-product platform, suitable for experienced traders.

Cons

Lacks a demo account option, which is essential for novice traders to practice and gain experience without risking real money.
The fee structure is complex and may not be suitable for beginners, potentially leading to confusion about trading costs.
Limited educational resources and customer support, making it challenging for new traders to navigate the platform effectively.

FIC broker Accounts

FIC Account Types

FIC offers various account types to cater to different trading needs, including:

  • Personal Account: Designed for individual traders, this account allows access to a wide range of financial instruments, including forex, CFDs, ETFs, stocks, bonds, and derivatives.
  • Corporate Account: Suitable for businesses, this account provides similar trading options as the personal account but is tailored for corporate entities.
  • Joint Account: This account is ideal for two or more individuals wishing to trade together, allowing shared access to trading assets.
  • Special Accounts: Depending on the client's needs, FIC may offer customized accounts for specific trading strategies or requirements.
  • FIC Broker Account Opening Process

    Opening an account with FIC involves a systematic process. Heres a step-by-step guide:

    • Set Up Account Details:
      • Select your account's base currency.
      • Choose the account type (personal, corporate, or joint).
      • Provide Personal Details:
        • Fill in personal information, including first name, last name, and parental names.
        • Supply identity card/passport details, including expiration date and issuance country.
        • Specify nationality, date of birth, country of birth, and tax country.
        • Entering Residential Address:
          • Enter your residential address details, including street address, town, zip code, and country.
          • Specify if your correspondence address is different from your home address.
          • Providing Contact Details:
            • Provide optional home phone, office phone, and fax numbers.
            • Defining Product Governance:
              • Choose your preferred type of financial instruments.
              • Specify the percentage of capital investment you can bear to lose.
              • Indicate your risk appetite, time horizon for investment objectives, and whether you want investments to consider sustainability factors.
              • Certifying Self:
                • Answer questions related to tax residency, nationality, and U.S. citizenship or green card status.
                • Provide additional information on countries of residence for tax purposes, including tax identification numbers.

                Once all required information is submitted, FIC will process your application, and you will be notified about your account status.

FIC accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
FIC Account