www.finaria-fx.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.finaria-fx.com.
The only good thing about www.finaria-fx.com is that they remind you why regulation matters. I found them after doing extensive research. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Competitive fees|Market news feed
Cons: Live chat only during business hours
After spending since I retired last year trying to make www.finaria-fx.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Easy withdrawals|Dividend tracking
Cons: Mobile app could be improved
The hidden fees at www.finaria-fx.com are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Competitive fees|Good mobile app|Multi-device support|Excellent charting
Cons: Mobile app could be improved
I found www.finaria-fx.com after seeing their ad online and the initial impression was positive. But since early this year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Dividend tracking|Intuitive for beginners|Educational resources|Multi-device support
Cons: No integrated tax optimization|Live chat only during business hours
The reporting at www.finaria-fx.com is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Risk management tools|Demo account available
Cons: None so far|Limited social trading features
Do not believe the bonus offer from www.finaria-fx.com. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a review site like this one and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Easy withdrawals|Professional team|Intuitive for beginners
Cons: Limited ETF selection
The spread at www.finaria-fx.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a family member had a good experience and initially thought the platform was good - until I started trading seriously.
Pros: Tax reports included|Copy trading available|Multi-currency support
Cons: Spreads widen during volatile periods|Limited ETF selection
My card was charged twice by www.finaria-fx.com on the same day. I had to dispute it with my bank. www.finaria-fx.com then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Responsive team|Excellent charting|Multi-device support
Cons: Research section could be deeper
www.finaria-fx.com advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Fast execution|Educational resources|Competitive fees
Cons: Limited cryptocurrency options|Account statements could be more detailed
I lost a significant amount because www.finaria-fx.com did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Detailed reporting|Risk management tools
Cons: Live chat only during business hours|Charting tools need more indicators