GinFi Review - Is It a Trustworthy Forex Broker? - WikiFX

GinFi Information

GinFi is a brokerage company operated by the Cyprus- based company Demeterer (PTY) LTD t/a GINFI. It entered the trading market in 2016 and offers trading services in forex, stocks, commodities, indices, and cryptocurrencies.

The broker provides a demo account for practicing before actual trading and 3 tiered live accounts for different client groups. To protect customer funds, GinFi implements segregated accounts to separate client assets from operational funds.

Furthermore, the broker offers educational videos, articles and market analysis to equip customers with necessary knowledge and information for successful trading.

However, Demeterer (PTY) LTD t/a GINFI is now under the regulation status of FSCA exceeded, which should raise your great attention when deciding to trade with them

Pros and Cons

Is GinFi Legit?

The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. Though Demeterer (PTY) LTD t/a GINFI holds an FSCA (Financial Sector Conduct Authority) license with number 50354.

Nevertheless, the license status is “Exceeded”, which indicates possible violation of business scope and regulation of FSCA. Investors should choose GinFi with caution to avoid losing money.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	FSCA	Exceeded	DEMETERER (PTY) LTD	Financial Service Corporate	50354

What Can I Trade on GinFi?

GinFi offers 2,000+ trading assets:

Account Type & Fees

To start with GinFi, you are suggested to start with a free demo account with virtual money to practice and get familiar with the platform first.

While for live trading, there are 3 tiered accounts available: namely STP Bronze, STP Gold and STP Silver. However, regretful that the broker does not disclose more information on trading conditions on each account. All we know is that the broker charges commissions as below:

Trading Platform

GinFi offers a proprietary trading platform “GinFi webtrader” which can be accessible via web.

Additionally, the well-acclaimed MetaTrader 5 is also available through Mac, Windows and Web.

Deposit & Withdrawal

As is shown on the broker's mainpage, payment methods include MasterCard, Maestro, VISA, VISA Electron, Skirill and Neteller.