Finecsa Forex Broker

FinecsaReview Summary Founded2019 Registered Country/RegionSaint Lucia RegulationNo regulation Market InstrumentsCryptocurrencies, forex, CFDs, stocks, indexes, commodities Demo Account❌ LeverageUp to 1:600 SpreadVariable Trading PlatformWeb trader, mobile APP Minimum Deposit$500 Customer SupportContact form Tel: +56232103517 (Chile); +525541663011 (Mexico City); +5078365562 (Panama City); +552135000556 (Brazil); +5117070409 (Peru); +50321131969 (El Salvador); +50223028469 (Guatemala City); +576015084298 (Colombia) Email: soporte@finecsa.com Address: Avenida Diagonal 511-521, Barcelona, 08014, Spain Finecsa was registered in 2019 in Saint Lucia, specializing in cryptocurrencies, forex, CFDs, stocks, indexes, and commodities. It provides three types of accounts, with a minimum deposit of $500 and a maximum leverage of 1:600. However, it uses its own trading platforms and it is not regulated, which means potential risks still exist.Pros and Cons Pros Cons Diverse tradable assetsLack of regulation Popular payment optionsNo demo accounts Multiple channels for customer supportNo MT4 or MT5 No copy trading High minimum depositIs Finecsa Legit? No, Finecsa is not regulated by financial regulatory authorities in Saint Lucia, which means the company lacks regulation from its registration site. Please note the potential risks!What Can I Trade on Finecsa? Finecsa provides several types of assets, including cryptocurrencies, forex, CFDs, stocks, indexes, and commodities. Tradable Instruments Supported Forex✔ CFDs✔ Commodities✔ Indexes✔ Stocks✔ Cryptocurrencies✔ Bonds❌ Options❌ ETFs❌Account Type Finecsa offers three types of accounts: Basic, Standard, and Premium Account. However, it does not mention whether a demo account is available or not. Besides, the spread and commission fees are not clear. Account TypeDeposit CurrencyMinimum DepositMaximum Leverage Basic AccountUSD, EUR, GBP$5001:200 Standard AccountUSD, EUR, GBP$5,0001:400 Premium AccountUSD, EUR, GBP$10,0001:600Leverage The leverage can be up to 1:600, which is not low. Traders need to consider carefully before investing, because high leverage is likely to bring high potential risksTrading Platform Finecsa uses its own trading platforms which are available on PC, web, and mobile devices. It does not support the commonly used platforms like MT4 or MT5. Trading PlatformSupported Available Devices Suitable for Web Trader✔PC, web/ Mobile APP✔Mobile/ MT4❌/Beginners MT5❌/Experienced tradersDeposit and Withdrawal Finecsa supports different types of payment options: VISA, Maestro, MasterCard, Skrill, SWIFT, Neteller, and citibank. Besides, accepted currencies are USD, EUR, GBP. However, other details such as the processing time and commission fees are not clear.