Overview of Finansia
Finansia Syrus Securities Public Company Limited is an unregulated brokerage company based in Thailand, established within the past 2-5 years. They offer a range of financial services, including securities brokerage, investment advisory, and asset management with offices in Bangkok, Thailand, as well as in Singapore and Hong Kong. They provide trading opportunities in various assets, such as stocks, bonds, derivatives, foreign exchange, and cryptocurrencies.
Traders can choose from different account types, each with varying leverage ratios. The company operates on a selection of trading platforms, including MetaTrader 4, and Finansia Hero, providing customer support through phone and email. However, it is important to note that most of Finansias website is only available in Thai which brings the available of international service into question.
Regulation
Finansia Syrus Securities Public Company Limited operates as an unregulated broker, indicating the absence of any external regulatory oversight. As an unregulated entity, the company does not come under the direct supervision or authority of any regulatory body. Consequently, the broker does not adhere to specific regulatory guidelines or comply with standard industry practices set forth by regulatory authorities.
Pros and Cons
Finansia offers a range of financial services, including securities brokerage, investment advisory, and asset management. Traders have access to various trading platforms, such as MetaTrader 4 and Finansia Hero, which cater to different trading preferences. The company provides a variety of tradable assets, including stocks, bonds, derivatives, foreign exchange, and cryptocurrencies, giving clients ample opportunities to diversify their portfolios. Additionally, the broker offers different account types with varying leverage ratios, allowing traders to choose an option that suits their risk tolerance. With customer support available through phone and email, clients can seek assistance whenever needed.
One notable drawback of Finansia Syrus Securities Public Company Limited is its unregulated status. As an unregulated broker, the company lacks the oversight of any regulatory authority, which means there may be no established investor protection mechanisms. The absence of regulatory scrutiny may lead to potential risks related to fund security and transparency. Furthermore, the fees for withdrawals can vary depending on the method used, potentially impacting the overall cost for clients when accessing their funds. Unfortunately, the website of Finansia has language options that are only available in Thai, suggesting all the services are not available for international traders.
Market Instruments
The market instruments offered by Finansia include stocks, bonds, derivatives, forex, cryptocurrencies, and CFDs. The following are the specifics of each market instrument:
Stocks: Finansia Syrus Securities Public Company Limited offers trading in stocks, providing clients with access to various publicly traded companies' shares. This allows traders to participate in the equity markets and potentially benefit from price fluctuations in individual company stocks.
Bonds: The company also facilitates trading in bonds, enabling investors to participate in the fixed-income securities market. Trading bonds can provide opportunities for stable returns and diversification in an investment portfolio.
Derivatives: Finansia Syrus Securities Public Company Limited allows trading in derivatives, such as futures and options. Derivatives enable traders to speculate on the future price movements of underlying assets without owning the assets themselves.
Foreign Exchange (Forex): Forex trading is available, allowing clients to participate in the global currency exchange market. Forex trading involves the buying and selling of currency pairs, aiming to profit from fluctuations in exchange rates.
Cryptocurrencies: The company provides the opportunity to trade cryptocurrencies, allowing clients to speculate on the price movements of popular digital assets like Bitcoin and Ethereum.
CFDs (Contract for Difference): Trading CFDs enables investors to speculate on the price movements of various assets without owning them, including stocks, commodities, and indices.
Here is a table comparing Financias offering to other brokers:
Account Types
The account types offered by Finansia Syrus Securities Public Company Limited are Standard Account, Premium Account, VIP Account, and Islamic Account. Specifics are as follows:
Standard Account: The Standard Account offered by Finansia Syrus Securities Public Company Limited provides traders with a basic trading option. It allows access to a variety of tradable assets, including stocks, bonds, derivatives, forex, and cryptocurrencies. The account comes with a leverage ratio of up to 1:100, enabling traders to amplify their trading positions. The minimum deposit for the Standard Account is THB 10,000, which provides an entry point for traders looking to start with a lower initial investment.
Premium Account: The Premium Account offers enhanced features compared to the Standard Account. Traders with the Premium Account enjoy a higher leverage ratio of up to 1:200, providing increased trading flexibility. The minimum deposit requirement for this account type is THB 50,000, making it suitable for traders who are willing to commit a larger initial investment. Similar to the Standard Account, the Premium Account allows access to a range of tradable assets.
VIP Account: The VIP Account is designed for experienced and high-volume traders. It offers the highest leverage ratio of up to 1:400, providing significant trading power. With a minimum deposit requirement of THB 100,000, the VIP Account caters to traders who are willing to invest a substantial amount. Like the other account types, the VIP Account grants access to various tradable assets, making it suitable for those seeking a comprehensive trading experience.
Islamic Account: Finansia Syrus Securities Public Company Limited also offers an Islamic Account, adhering to Sharia principles. The Islamic Account has a leverage ratio of up to 1:100 and a minimum deposit of THB 10,000. This account type is tailored for traders who prefer to trade in accordance with Islamic finance principles, ensuring no swap cost.
How to open an account？
Here are the steps on how to open an account with Finansia online:
Go to the Finansia website and click on the “Open an Account” button.
Click on “Open Account Online”
Fill out the online application form.
Provide a copy of your identification and proof of address and make a minimum deposit. With this the account creation process will be complete and all there is to do is wait for approval.
Minimum Deposit
Finansia offers varying minimum deposit rates for its different account types. The Standard Account requires a minimum deposit of THB 10,000, while the Premium Account has a higher minimum deposit requirement of THB 50,000. For experienced and high-volume traders, the VIP Account demands a more substantial minimum deposit of THB 100,000.
Additionally, the Islamic Account, tailored for those who prefer to trade in accordance with Sharia principles, requires a minimum deposit of THB 10,000. These different minimum deposit rates allow traders to choose an account type that aligns with their investment preferences and risk tolerance.
Leverage
Finansia Syrus Securities Public Company Limited provides different leverage options for its account types. The Standard Account offers a leverage ratio of up to 1:100, allowing traders to control larger positions relative to their account balance. The Premium Account provides a higher leverage of up to 1:200, offering increased trading flexibility.
For experienced and high-volume traders, the VIP Account comes with the highest leverage option, offering up to 1:400, which can significantly amplify trading positions. Additionally, the Islamic Account provides a leverage ratio of up to 1:100, adhering to Sharia principles.
Here's a table comparing the maximum leverage for the mentioned market instruments of Finansia Syrus Securities Public Company Limited with those of FXPro, IC Markets, FBS, and Exness:
Spread
Finansia offers spreads for its tradable assets, with the minimum spread starting from 0.6 pips. The company provides access to a wide range of financial instruments, including stocks, bonds, derivatives, forex, cryptocurrencies, and CFDs. Traders can benefit from the spreads offered by brokers, potentially enhancing their trading opportunities and cost-efficiency.
Deposit & Withdrawal
Finansia Syrus Securities Public Company Limited offers multiple deposit and withdrawal methods to facilitate transactions for its clients. Traders can fund their accounts through bank wire transfer, credit card, debit card, QR code payment, and ATM options. These methods provide convenient and widely-used options for clients to deposit funds securely into their trading accounts.
Additionally, the inclusion of QR code payment and ATM options enhances the flexibility of depositing funds, catering to various preferences and ease of use. When it comes to withdrawals, the company offers flexibility by supporting various withdrawal methods. However, specific details about withdrawal fees are not provided.
Trading Platforms
Finansia Syrus Securities Public Company Limited offers two trading platforms:
MetaTrader 4: MetaTrader 4 is a widely-used trading platform with a plethora of features, including advanced charting, analysis tools, and trading capabilities. It is a popular choice among millions of traders worldwide.
Finansia Hero: Finansia Hero is a proprietary trading platform developed by Finansia. Designed for beginners, Finansia claims it provides a user-friendly interface and access to educational resources.
The following table compares the trading platforms offered by Finansia Syrus Securities Public Company Limited with those of FXTM, Exness, Pepperstone, and FP Markets:
Customer Support
The customer support options provided by Finansia Syrus Securities Public Company Limited include phone support and email support, offering clients different channels to seek assistance.
Phone Support: Traders can reach customer support via phone at +66 02-782-2400. This option allows for direct communication and prompt assistance for any inquiries or issues.
Email Support: Customer support can be contacted through the email address cxcenter@fnsyrus.com. Traders can use this channel to send detailed queries and receive responses in a written format.
Conclusion
Finansia Syrus Securities Public Company Limited operates as an unregulated brokerage in the financial markets providing a variety of financial service. Traders can access different tradable assets available encompass stocks, bonds, derivatives, forex, cryptocurrencies, and CFDs by use of two different trading platforms.
Various account types offer unique spreads and minimum deposits as well as different leverages which are suitable for different risk appetites and preferences. Unfornately for international traders, it can be assumed that all of the services are only available in Thai as there is no information on the website written other languages.
FAQs
Q: What types of trading platforms does Finansia Syrus Securities Public Company Limited offer？
A: The company provides traders with access to MetaTrader 4 and Finansia Hero trading platforms.
Q: Are there any regulatory authorities overseeing Finansia Syrus Securities Public Company Limited？
A: No, the company operates without regulatory oversight.
Q: What are the minimum deposit requirements for the different account types？
A: The account types have varying minimum deposit requirements, allowing flexibility for traders with different investment capacities.
Q: What are the available deposit and withdrawal methods？
A: Traders can fund their accounts through bank wire transfer, credit card, debit card, QR code payment, and ATM options.
Q: Does Finansia Syrus Securities Public Company Limited offer Islamic accounts？
A: Yes, the company provides Islamic accounts complying with Sharia principles.
Q: What types of tradable assets can clients access？
A: Clients have access to a wide range of assets, including stocks, bonds, derivatives, forex, cryptocurrencies, and CFDs.
