Score
FINSAI Trade
United Arab Emirates|1-2 years| http://www.finsaitrade.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Arab Emirates
1-2 years Suspicious Regulatory License cTrader Suspicious Scope of Business High potential riskAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
finsaitrade.com
Server Location
United States
Website Domain Name
finsaitrade.com
Server IP
3.229.129.85
-
webtekdemo.com
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Singapore
Website Domain Name
webtekdemo.com
Server IP
103.227.176.6
Company Summary
| FINSAI Trade Review Summary | |
| Founded | 2015 |
| Registered Country/Region | United Arab Emirates |
| Regulation | Not regulated |
| Market Instruments | Forex, Indices, Shares, Commodities, Crypto |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0.2 pips |
| Trading Platform | Finsai Trader (Windows, Android, Apple) |
| Min Deposit | $50 |
| Customer Support | Email: Contact@finsaitrade.com |
| Contact number– 0502833300 | |
| Physical Address– Shuraa Business Center Branch, full 29th floor, Prime Tower, Business Bay, Dubai, UAE. Fax: 043510078, PO. Box. no. 79998. | |
FINSAI Trade Information
FINSAI Trade, a financial services company registered in United Arab Emirates, offers trading in forex, indices, commodities, and cryptocurrencies. While it boasts low commissions, swap-free trading, and a user-friendly platform, a major drawback is the lack of regulation by any well-known financial authority.
Pros & Cons
| Pros | Cons |
| Low minimum deposit ($50) | Lack of regulation |
| User-friendly trading platform | No MT4 or MT5 platform support |
| $0 commissions and swap-free accounts |
Is FINSAI Trade Legit ?
Although, FINSAI Trade claims they are operated under FINSAI TRADE LTD, A Financial Services company authorized and regulated by the ISA – International Services Authority of Nauru, with license No. 052943-033, and it's registered in Republic of Nauru under company number 003112024. However, its regulatory information cannot be found on the websites of ISA, and it has not been regulated by other well-known regulatory authorities.
What Can I Trade on FINSAI Trade?
Invest in a range of financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. Finsai offers innovative financial solutions tailored to your unique needs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Metals | ❌ |
| Commodities | ✔ |
| ETFs | ❌ |
| Crypto | ✔ |
| Bonds | ❌ |
| CDFs | ❌ |
Account Type
Finsai Trade provides three account types to suit various trading needs.
The Finsai Smart Choice account is suitable for beginners, it needs a minimum deposit of $100, and offers spreads starting from 0.2 pips, with leverage of up to 1:500. It has low commissions and essential features such as negative balance protection, swap-free trading, and a 100% margin call / 80% stop-out level. While it doesn't support copy trading, algorithmic trading, or VPS, it is a solid option for traders seeking simplicity.
For more advanced options, Smart Pro and Smart ECN accounts are available with higher minimum deposits of $1000 and $5000 respectively.·
FINSAI Trade Fees
Finsai Trade's fee structure is competitive in terms of spreads and commissions.
Trading Fees
The spread of FINSAI Tradeis from 0.2 pips for the Smart Choice account. And the spreads are generally tighter for the Smart Pro and Smart ECN accounts, catering to more experienced traders and institutions.
As for commission, it is $0 per $100K traded for all account types.
Swaps
All Finsai Trade accounts are swap-free, so you won't be charged any overnight interest in your positions.
Trading Platforms
| Trading Platform | Supported | Available Devices | Suitable for which type of traders |
| MT4 | ❌ | / | / |
| MT5 | ❌ | / | / |
| Finsai Trader | ✔ | Windows, Android, AppleOne Click TradingFast ExecutionPartial Order FillingLimit & Stop Orders20+ IndicatorsHedging & NettingVWAP Executions | Day TradersSwing TradersSeasoned traders |
Deposits & Withdrawals
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Local Bank Transfer | $50 | None | One Working Day |
| Visa & MasterCard | $50 | None | Instant |
| Help2Pay | $50 | None | Instant |
| Skrill | $50 | None | Instant |
| Neteller | $50 | None | Instant |
| Crypto | $50 | None | Instant |
Withdrawal Options
| Withdrawal Options | Max. Withdrawal | Fees | Processing Time |
| Visa & MasterCard | $5,000 | None | 1 Working Day |
| Help2Pay | Up to $10,000 | None | 1 Working Day |
| Skrill | $50,000 or equivalent | None | 1 Working Day |
| Neteller | $50,000 or equivalent | None | 1 Working Day |
| Crypto | Unlimited | None | 1 Working Day |
Keywords
- 1-2 years
- Suspicious Regulatory License
- cTrader
- Suspicious Scope of Business
- High potential risk
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