Fintegral foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://fintegral.world/sign-up, about the company's legal and temporary regulatory information, the company's address First Floor, First ST Vincent Bank LTD Building, James Street, Kingstown VC0100, St. Vincent and the Grenadines.
Fintegral, established in 2021, operates as an offshore brokerage firm under the ownership of Ethereal Group LLC. The company is registered in Saint Vincent and the Grenadines, a region known for its lax regulatory environment. Despite its claims of legitimacy, Fintegral is not listed on any major stock exchange, indicating that it is privately held.
Fintegral primarily targets retail clients in various markets, including Germany, Poland, the UK, Switzerland, and Italy, offering a range of trading services. The firm presents itself as a provider of forex and CFD trading, aiming to attract novice traders with promises of high returns and minimal investment risk. However, the lack of regulatory oversight raises significant concerns about the safety of client funds and the integrity of its operations.
The company has faced scrutiny due to its status as a clone firm, mimicking a legitimate financial advisory firm that operates under a different domain, fintegral.com. This raises questions about its authenticity and the potential for fraudulent activities. The business model focuses on retail forex trading, but it lacks transparency and regulatory compliance, which are critical for investor protection.
Fintegral is not regulated by any recognized financial authority, which is a significant red flag for potential investors. The primary regulatory bodies, such as Consob (Italy) and CMNV (Spain), have issued warnings against the broker, indicating that it operates without the necessary licenses to provide financial services.
Regulatory Agencies:
Consob - Italy
CMNV - Spain
Regulatory Number: No valid regulatory number available.
License Validity and Scope: Fintegral operates without any valid licenses, meaning it is not authorized to offer financial services.
Legal Entities in Different Regions: The company operates solely under the registration of Ethereal Group LLC in Saint Vincent and the Grenadines.
Client Fund Segregation Policy: There is no indication that client funds are held in segregated accounts, which poses a risk to investor capital.
Investor Compensation Fund Participation: Fintegral does not participate in any investor compensation schemes, leaving clients without recourse in case of financial loss.
KYC and AML Compliance Measures: There is insufficient information regarding the implementation of Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, which are essential for preventing fraud and protecting against money laundering activities.
Fintegral offers a limited range of trading products, primarily focusing on forex and CFDs. Traders can access various asset classes, which include:
Forex Currency Pairs: A selection of major and minor currency pairs, although the exact number is unspecified.
CFD Products:
Indices: Major stock indices.
Commodities: Such as gold and oil.
Stocks: Shares from various companies.
Bonds: A limited selection of government and corporate bonds.
Notably, Fintegral does not offer cryptocurrency trading, which is increasingly popular among retail traders. The platform claims to update its product offerings regularly, but there is no detailed information on the frequency or types of new instruments added.
The broker aims to provide retail trading services, but there is no mention of institutional services or white-label solutions, indicating a focus primarily on individual traders. The lack of transparency regarding product updates and new offerings is concerning for potential investors.
Fintegral utilizes a proprietary web-based trading platform known as WebTrader. While it appears user-friendly, it lacks many advanced features found in industry-standard platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
MetaTrader 4/5 Support: Fintegral does not support MT4 or MT5, which are widely regarded for their reliability and extensive features.
Proprietary Platform Details: The WebTrader platform offers basic trading functionalities but lacks advanced tools such as social trading, automated trading capabilities, and custom indicators.
Mobile Applications: Fintegral provides mobile trading applications for both iOS and Android, but these apps are based on the same web software and do not offer additional trading tools.
Execution Model: The broker does not clearly specify whether it operates on an ECN, STP, or Market Making model, which raises questions about order execution and pricing transparency.
Server Location and Technical Infrastructure: Specific details about server locations and technical infrastructure are not disclosed, which could affect trading performance and data security.
API Access and Automated Trading Support: There is no mention of API access or support for algorithmic trading, limiting the capabilities for advanced traders.
Fintegral offers four types of live trading accounts, each with varying minimum deposit requirements and trading conditions:
Mini Account:
Minimum Deposit: $500
Trading Options: Forex only
Leverage: Up to 1:20
Standard Account:
Minimum Deposit: $1,000
Trading Options: Forex and CFDs
Leverage: Up to 1:50
Classic Account:
Minimum Deposit: $5,000
Trading Options: Forex, CFDs, and stocks
Leverage: Up to 1:80
VIP Account:
Minimum Deposit: $10,000
Trading Options: All assets
Leverage: Up to 1:100
The absence of a demo account policy limits the ability for novice traders to practice before committing real funds. Additionally, the leverage offered is significantly higher than what is permitted by many regulatory authorities, increasing the risk for traders.
Fintegral supports a variety of deposit methods, although specifics on processing times and fees are not clearly outlined:
Supported Deposit Methods:
Bank Transfers
Credit Cards
Cryptocurrency Transfers
Minimum Deposit Requirements: The minimum deposit is set at $500 for the Mini account, which is above the industry standard.
Deposit Processing Time: Information on how long deposits take to process is not explicitly provided.
Deposit Fees: There are no clear details about any fees associated with deposits.
Withdrawal Methods and Restrictions: Withdrawal methods and any associated limitations are not well-defined, raising concerns about the ease of accessing funds.
Withdrawal Processing Time: The broker does not specify how long withdrawals take to process, which can lead to frustration among clients.
Withdrawal Fee Structure: There is no clear fee structure provided for withdrawals, potentially leading to unexpected charges.
Fintegral offers limited customer support options, which may hinder effective communication with clients:
Support Channels:
Email: communication is primarily through email, with no phone or live chat support mentioned.
Service Hours and Time Zone Coverage: Specific service hours are not disclosed, which can be problematic for clients in different time zones.
Multilingual Support: There is no mention of the languages supported, which could limit accessibility for non-English speaking clients.
Educational Resources: The broker does not provide comprehensive educational resources, such as webinars, tutorials, or eBooks, which are essential for novice traders.
Market Analysis Services: There is no indication of daily market analysis, news updates, or research reports provided to clients.
Trading Tools: Fintegral does not appear to offer useful trading tools such as calculators or signal services, which are beneficial for traders.
Fintegral primarily serves clients in Europe, particularly in:
Main Service Markets: Germany, Poland, the UK, Switzerland, and Italy.
Regional Office Distribution: The broker operates under a single entity registered in Saint Vincent and the Grenadines.
Countries Not Accepting Clients: There is no specific list of countries where clients are restricted, but the lack of regulation limits its credibility.
Special Restrictions: The broker's unregulated status means it may not be permitted to operate in countries with strict financial regulations.
In summary, the Fintegral broker presents itself as a trading platform for forex and CFD instruments; however, its lack of regulation and transparency raises significant concerns. Potential investors should exercise caution and consider the risks associated with trading with unregulated brokers.
1a1b2采
India
I am not sure one should choose them while there are hundreds of good ones in the market. stay away from these scammers and see why they are that low-star company.
37130
2022-12-16
柠檬28651
New Zealand
The opacity of information makes me feel bad. There is so little information on the website that I can't find a lot of information that is important to me. But I don't want to waste time asking customer service. With so many companies in the foreign exchange industry, I will just choose a forex broker that satisfies my requirements.
Positive
2023-03-22