Published on August 7th, 2017 | by BinaryRobots0
Summary: Finpari may be a new broker but the quality of the customer service it offers is similar to other established brokers that have been in the industry for many years.
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UPDATE 22.4.2017: Finpari has changed its name to Finrally. They continue their operations normally, so this does not affect their old or new customers in any way.
In this review, we’ll be looking at a stable player in the world of binary options brokerage. Established in 2014, the Finpari platform caught the attention with their policy of quick 1 hour withdrawals. The broker not only offers a rich variety of trading assets but also provides a free participation in weekly contest with the prize fund of $20,000.
It has managed to attract a lot of customers due to the high quality customer support as well as reliable trading platform. Finpari offers more than 180 assets in 4 different categories including forex, commodities, indices, and stocks.
Also Finpari provides a very useful educational package, fundamental analysis, technical analysis, market news, expert commentary, trade pattern ideas and weekends trading.
Moreover, Finpari accepts a wide of range of payments methods, including
- Credit Cards
- Wire Transfer
- Perfect Money
Are you looking for an innovative binary options broker that will allow you to take your trading to the next level? If so, you will want to check out a Scotland-based website called Finpari. This site is beautifully designed, and includes an abundance of fantastic features at every account tier.
Best of all, their doors are wide open even to traders in the USA.
- Official Website: www.finpari.com
- Headquarters: Aberdeen, Scotland
- Phone number: +1-646-8849563
- USA traders allowed
- Trading platform: SpotOption
is Finpari a Scam?
Definitely not. Finpari is not regulated by any financial authority, despite the seal on the bottom of the page. They operate according to local laws in the UK. But the fact that they are not regulated is not really a big deal, considering that most binary options brokers still are not regulated anyway. There are other markers of trust, and Finpari has them:
This company offers excellent customer service. This is a really big deal. I have run across brokers who are regulated and who completely fail in this regard. But this is a company that is easy to reach and easy to work with.
The website is well designed, offers simple navigation, and provides quick answers to your questions. You will have no difficulty locating information on the company and its services. By contrast, a lot of binary options websites are poorly built, have a lot of broken links, and are missing critical information.
Finpari also offers features which help traders to make the most of the website. A demo account along with training materials and advice on current market conditions encourages traders to invest responsibly, and not throw their money away.
Deposit Info – Minimum Finpari Deposit
- Get started with just $250
- Deposit methods: Credit or debit card, wire transfer, WebMoney, QIWI, Bitcoin, OKPAY, Perfect Money, Neteller, PayPal.
- Trade in USD, EUR, GBP, or RUB
- Minimum trades $1
Deposits are easy and fee-free on Finpari. Withdrawals are very fast, taking only one hour to process.
Unfortunately, there are some limitations and fees concerning withdrawals. You need to meet turnover requirements even if you did not accept a bonus when you signed up for your account. This is not really the industry norm, and is definitely one of Finpari’s few drawbacks. There is also a processing fee for every withdrawal.
Types of accounts
With a minimum deposit of $250, the basic Finpari Bronze Account guarantees a fast withdrawal process of 1 hour, a much shorter time than the 24 to 72 hours traders usually have to wait. Bonuses start from +20% and all traders receive an educational training course per video plus additional reading material. A real advantage for those less experienced traders taking their first steps in the binary options environment.
According to the platform’s website this is the most popular. Designed for the trader who has already taken his first steps into the binary options jungle, Finpari’s Silver account requires a $1000 minimum deposit and offers a quick 1 hour withdrawal and educational aids that even include a Master Class. Silver comes with a demo account to help newcomers familiarize themselves with the user interface and teaches basic trading strategies. The first 3 trades are free of risk and trading protection is provided. Bonuses start at +50% but we recommend reading the Terms & Conditions as some rules do apply.
As you would expect from a trading platform that offers progressive accounts, the Gold Account offers everything contained in Bronze and Silver, including the speedy withdrawals and educational materials. With Gold bonuses up to 100%, the Finpari’s top account comes with an interesting additional feature: each Gold trader is allocated a dedicated account manager ready to offer support and advice. Gold members are also provided with a prepaid Swiss trading card. Deposits start at $3000.
Finpari also offers a special Fixed Income Account with a predefined return rate and a guaranteed full refund, regardless of how the markets behave.
It’s true that Finpari offers bonuses to all it’s traders, but we do advise reading the small print before getting started. As is often the case with binary options platforms, the devil is in the details. Bonuses for example, must reach a turnover of 20x in a three month period before a withdrawal is allowed. Should the trader fail to achieve the turnover goal, the bonus is canceled and deleted from the account. Traders who inadvertently accept the bonus without meeting the requirements have 3 days to contact Finpari’s customer services and have the bonus removed from his account.
Types of Options Available
On Finpari, you will be trading using SpotOption, which is the most popular and easy-to-use platform in the binary options universe. You can trade on your desktop, laptop, or mobile (Android or iOS) device. The lowest investment amount is $10, while the highest investment amount is $1,500. This is a flexible range which is ideal for traders with small and medium-sized accounts.
Types of trades include High/Low, Long Term, Sixty Seconds, One Touch, Pairs, and Ladder. This is a sizable selection, and offers plenty of variety for traders with different techniques and preferences.
- High/Low trades are the most basic type of binary options, where you simply pick a direction that you believe prices will go. If you are right when they trade expires, you win the payout. Long Term options are simply the same thing, but do not expire for weeks or months. Sixty Seconds trades are just the same over a one-minute expiry time.
- With One Touch trades, you state whether you believe price will touch a certain trigger value within the expiry time, and if you are right, you win the payout. Pairs trades let you profit off of the relative performance of two different assets. Ladder trades are incremental investments allowing you to claim partial profits—or stack them up for very high gains if price continues to move in your favor.
Binary Option Robot
The web trading platform at Finpari is integrated with Binary Option Robot to enable you to carry out automated trading without having to manually place the trades. The entire platform is completely customizable according to your trading style. This makes the platform suitable for both newbies and professional brokers. Binary Option Robot offers a variety of signal providers including Pro Trader Mircea, Pro Trader Sergly, Pro Trader Katarina and MT4 Algo. You can choose from 3 expiry time frames including daily, weekly and monthly. The Binary Option Robot also let you customize your trade options such as daily stop loss, trade amount, max daily trades, reverse trading, assets and currency pear.
Finpari also offers mobile platform for traders who want to access their trading accounts via Android, or iPhone smartphones. The mobile platform supports the same trading instruments just like the web platform.
Trading and Training Features at Finpari:
Finpair offers plenty of resources to help traders learn. At the Bronze level, you qualify for a trading course including a video and an eBook. You also get access to a demo account where you may practice trading risk-free (a feature way too many binary options brokers lack!).
At the Silver level, you add on a web class master session and three risk-free trades. At the Gold level you get an individual account manager and a Swiss prepaid card for your convenience. Social trading is available if you wish to copy successful traders on the site. And if you want, you can actually pay for a fully managed account on Finpair where expert traders make investments on your behalf. This is not a feature I have seen in too many places!
Finpari offers 24/7 customer support via live chat, email, and telephone number. They provide toll free telephone number support for USA and Russia. They also provide telephone customer support for other countries including USA, Russia, Hong Kong, Thailand, Singapore and Australia. The website offers multilingual supports on several types of languages including English, Russian, and Thai. Everyday, more than 10,000 transactions are being processed at Finpari. All your trading transactions are protected with a secure SSL encryption system so you don’t have to worry that your sensitive information will be tampered by the third parties.
Education Center and Resources
The education center features 8 video tutorials and courses that are prepared by a professional trader. Beginners can read the tutorials and start learning to trade quickly. Professional traders can take advantage of the advanced tutorials to improve their trading strategies. Finpari offers free binary trading course by a professional trader called Abe Cofnas. The FAQ section answers all the questions traders usually have.
What Can You Trade on Finpari?
ROLLS ROYCE (LONDON)
BAE SYSTEMS (LONDON)
REUTERS (US THOMSON REUTERS)
TATA MOTORS (INDIA)
HSBC HOLDINGS (LONDON)
COCA COLA (US)
BP (BRITISH PETROLEUM)
S&P 500 (US)
FTSE 100 (UK)
ISE 30 (ISTANBUL STOCK EXCHANGE)
RTS (RUSSIAN TRADING SYTEM)
MSM 30 (OMAN)
TADAWUL (SAUDI STOCK EXCHANGE)
DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX)
KUWAIT (KUWAIT GENERAL INDEX)
HANG SENG (HONG KONG)
SSE180 (SHANGHAI STOCK EXCHANGE)
TEL AVIV 25
MICEX 10 (MOSCOW INTERBANK EXCHANGE)
In conclusion, Finpari is a new binary options broker that offers similar features in their trading packages just like other established broker. Finpari accepts traders from most countries around the world. They are one of the brokers that accept US traders.
They offer exceptional welcome bonuses and high payouts for traders. Another advantage is that they only require a small minimum deposit for trading. The user friendly trading platform offers a wide selection of options to choose from.