Finiorcapital.com Review Is Finior Capital Safe For Trading

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Finior Capital Review – is finiorcapital.com scam or good forex broker?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spread
Standard $1 000 N/A N/A
Pro $10 000 N/A N/A
VIP $50 000 N/A N/A

Finior Capital is a newly-launched forex brokerage operating out of the United Arab Emirates which caters to professional clients. It provides access to the MT5 and several different account types, all of which offer trading with raw spreads. Here are our impressions of this broker, after we made a thorough research on the company and tested its platform.

Finior Capital Advantages

Licensed in Abu Dhabi

On the website of the brokerage we read that the company-owner is Finior Capital Limited – a company licensed by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This is a big advantage for its clients since regulation brings along significant guarantees for the security of their funds.

The ADGM aims to ensure that financial service providers operating in the UAE work with the best interests of their clients in mind, while following international standards and best practices. ADGM’s Financial Services Regulatory Authority is committed to operating a fair, efficient and responsive regulatory environment for its market participants and stakeholders both in the UAE and internationally.

Access to MetaTrader 5

As we mentioned in the beginning, Finior Capital’s uses the MetaTrader5 (MT5). This is the latest platform issued by the Russian fin-tech company a MetaQuotes nd enjoys increasing popularity among both brokers and traders lately. The MT5 has kept most of MetaTrader 4’s valued tools and features, and on top of that allows trading in exchange-traded stocks. The charting of the MT5 is almost the same as that of its predecessor, and it also provides Expert Advisors for automated trading.

Attractive demo spreads

Although the broker has not indicated any reference spreads on its website, through a demo account we could see a spread of 0.6 pips on EUR/USD, and no commission applied.

Click on the image to view larger.

This is a lucrative offer, as most brokers’ trading costs are around 1.0 – 1.5 pips on average for this pair.

Finior Capital Disadvantages

Trading conditions not clearly presented

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There is no information to be found on Finior Capital’s website regarding the costs of trading, maximum leverage levels provided, additional fees (if any), etc.. The “account types” section specified by Finior Capital only mentions the minimum investment required. This leaves a bad impression, especially on the part of a regulated broker. Yet, it may be due to the fact that the broker’s website was launched very recently.

Professional clients only accepted

This could actually be seen as an advantage by professional traders, yet we should mention it. Finior Capital accepts only traders who can prove they own 500,000 USD or more in net assets.

No exchange-traded stocks available

This is not a major flaw, yet we decided to mention it. Traders willing or used to trading in CFDs on stocks and ETFs will be disappointed, Finior Capital does not offer any, at least on its demo MT5. And, as was mentioned above, this platform is especially popular for allowing trading in OTC products and exchange-traded stocks from one and the same account.

Bank wire payments only

The ways to deposit and withdraw funds to and from this broker are limited to bank wire payments only. This isn’t a major drawback for the vast majority of potential clients, but will disappoint those who are used to dealing with e-wallets, such as Skrill and Neteller.

Conclusion

Finior Capital is a young broker licensed in Abu Dhabi who caters to professional traders. Below, you may also check out our list of brokers licensed in the United Arab Emirates (UAE).

And finally, here are the highlights of the present review of Finior Capital:

Pros Cons
Licensed in Abu Dhabi Unpolished presentation
MT5 available Professional traders only
Attractive demo spreads No stock CFDs available
Bank wire payments only
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

SuisseCG Review: Is Suissecg.com A legit Forex Broker?

Suissecg.com Review: this is the name of a forex broker that is located in the offshore region of Saint Vincent and the Grenadines. Is SuisseCG a scam Forex broker?

The location provided for the broker on the page is an offshore location, Saint Vincent and the Grenadines. Forex trading goes on without regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed pose many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

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Further, since no commission is monitoring them, they are not under obligation to trade fairly. They would be less likely to follow trading rules set to guide those involved in the Forex market.

SuisseCG believes that the key to trading success is in knowing the top currencies to choose. With their services they claim traders would learn this important trading hack. Upgrade of trading skills is also advertised and traders get to use a platform with: exceptional trade execution, trader tools, market depth orders, and it is fully customizable.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

They mention that what makes the brokerage special is the provision of ways for clients to become better traders.

SuisseCG Trading Platform

SuisseCG does not offer the MetaTrader 4 trading platform. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are: Forex currency pairs, stocks, indices, commodities, and cryptos. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages offered is 1:400 and while this may seem generous but they could pose danger. High leverages can lead to huge loss of funds as well. Spreads are 3 to 4 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on SuisseCG

The means of making payments and withdrawals are: Bank wire, VISA, and MasterCard. The exclusion of e-wallets from the list of payment options is not laudable.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is placed at $250 which is within the obtainable average of $100 – $250 among brokers. Withdrawal fees are said to be 1% of the requested amount with a minimum of 30 USD/EUR/GBP. We also found that withdrawing anything less than $100 is blocked and it takes between 7-10 days to be completed.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is SuisseCG Licensed?

No. SuisseCG is not duly licensed and registered. It is based in Saint Vincent and the Grenadines. which is an offshore location. Forex trading goes on without regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed pose many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Further, since no commission is monitoring them, they are not under obligation to trade fairly. They would be less likely to follow trading rules set to guide those involved in the Forex market.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

SuisseCG Is Blacklisted by the FCA

We also found that despite it not having a license to operate in the UK, the forex broker has been targeting people living in the region. This resulted in the Financial Conduct Authority putting out a warning against it.

Support

To get in touch with a member of the support team, send an email to [email protected] or call: +49-3229990008 (Germany) or +46-812400563.

Conclusion

Considering all that have been revealed regarding SuisseCG, it would be unwise to choose to invest with it. There is no proper license nor even attractive trading conditions. The warning from the UK Forex authority is also a red flag that should deter traders from considering this brokerage.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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