FINdeto

FINdeto Information

FINdeto is a product of Demeterer (PTY) LTD t/a GINFI which is incorporated in Cyprus and currently operates in 7 countries: South Africa, UAE, Indonesia, Malaysia, Sri Lanka, India and Romania. The company offers a wide range of more than 4,600 products including stocks, forex, commodities, cryptos, indices, ETFs, futures and CFDs. There are 3 tiered live accounts for customers to choose from. And the trading platform the broker use is the cTrader, in web, PC and mobile versions. It offers an education hub for traders to learn about necessary knowledge for successful trading.

However, it should not be neglected that the broker is currently under the regulation status of suspicious FSCA clone.

Pros and Cons

Is FINdeto Legit?

FINdeto holds an FSCA (Financial Sector Conduct Authority) with license no.50354. But the license is suspected to be fake clone, such abnormal regulatory status raises doubts about its legality and credibility.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Status
	FSCA (Financial Sector Conduct Authority)	DEMETERER (PTY) LTD	Financial Service Corporate	50354	Suspicious Clone

What Can I Trade on FINdeto?

FINdeto claims to offer over 4600 instruments for trading, these include stocks, forex, commodities, cryptos, indices, ETFs, futures and CFDs.

1. Stocks: Invest in shares of top companies to leverage market trends.
2. Indices: Gain exposure to specific sectors or regions through market indices.
3. Forex: Trade global currencies to capitalize on the dynamic forex market.
4. ETFs: Invest in diversified asset collections in a single trade for risk management.
5. Commodities: Diversify your portfolio with essential commodities like gold and oil.
6. Futures: Speculate on future asset prices with contracts that outline future transactions.
7. Cryptocurrencies: Trade digital currencies like Bitcoin and Ethereum, tapping into the evolving crypto landscape.
8. CFDs: Profit from price movements of assets without owning them directly.

One of the key principles of investing is never putting all eggs in one basket. Scatter your funds into several products to dilute risks and potential losses.

Account Type/Spread & Commission

FINdeto offers 3 tiered live accounts, each with different trading conditions and offers that suit needs for different client groups.

The Bronze account has the least basic functions and offers standard spreads with a commission of $5 per lot traded. No dedicated account manager and education/webinar in this account. However, FINdeto does not disclose minimum deposit requirement of each account. This makes it difficult for us to decide if it's true that beginners should choose from the Broze account as claimed.

The higher rank the account, the lower spread and commission there will be. The Gold account has the tightest interbank spread and does not charge trading commissions. Free webinars and education are available.

To choose the account that suits you best, you should seek more details like minimum investment requirement, leverage levels, etc,. from the broker for better decision-making.

Trading Platform

FINdeto offers the widely-used cTrader platform, which combines the speed of high performing trading platform with the multi-bank liquidity environment with a easy-to-use interface. The platform features real-time forex and CFD quotes, fast order execution, multiple order types, real-time reports, one-click trading, etc. It also enables smart stop out and enables technical analysis.

Traders can use the platform through web, PC and Android devices.

Deposit & Withdrawal

FINdeto offers some popular methods for payment: Visa, Mastercard and Maestro.

Customer Support Options

If you want any help or support from FINdeto, you can reach them through email, social platforms or visit them in person in their offices in South Africa, or offices in other 6 coutries it operates in.

In addition, a contact form is also available on its website. You can fill in your contact info on its website and wait for their representatives to call you or email you.

For the detailed address of the offices in UAE, Indonesia, Sri Lanka, India, Romania and Malaysia, you might need to contact the broker directly because these information are not specifically disclosed on its website.

The Bottom Line

Though the company offers abundant educational courses via videos and implements segregated account/regular security audits to protect user funds, taders should still be at utmost caution when trading this broker. This is mainly becuase it operates with a suspicious clone regulatory status, which indicates less compliance to financial standards. Furthermore, the broker does not disclose detailed information about its required initial capital.

You can make tries with the broker with a small amount of money first if it's allowed. However, if you decide to increase your investment, be sure you undertake thorough investigations and accept the downsides of the broker. Or turn to reputable brokers instead.

FAQs

Is FINdeto safe?

No, though the broker implements segregated accounts and regular security audits, we still cannot define that the broker is safe due to the suspicious clone regulatory status.

Is FINdeto good for beginners?

No, the broker does not disclose information about initial deposit requirements.

What trading platform does FINdeto have?

FINdeto offers cTrader trading platform available on web, PC and Androice phones.

Are there any restricted areas of the broker's services?

Yes, FINdeto does not establish accounts for residents of certain jurisdictions, including the United States or any specific country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.