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Finecsa Review - Is It a Legit Forex Broker? - WikiFX

WikiFX | 2025-05-08 16:24

Abstract:Finecsa is an unregulated broker registered in 2019 in Saint Lucia, specializing in cryptocurrencies, forex, CFDs, stocks, indexes, and commodities.

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.

Finecsa's homepage

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 deposit

Is 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!

No license
Domain information

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❌
What Can I Trade on Finecsa?

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$10,0001:600
Account comparison

Leverage

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 risks

Trading 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 traders
Trading Platform

Deposit 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.

Payment methods

Related broker

No Regulation
Finecsa
Company name:Nomura Capital LTD
Score
1.19
Website:https://www.finecsa.com
1-2 years | Suspicious Regulatory License | Self-developed | Suspicious biz area
Score
1.19

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