Fyntura is a forex broker registered in Seychelles, primarily offering investors trading services in financial products such as forex, indices, precious metals, energy, and cryptocurrencies. The company employs the MT4 trading platform and offers account types including Zero, Pro, and Prime accounts. However, this broker provides services in an unregulated state, presenting a great safety risk.
Company Background:
Fyntura is a Seychelles-based forex broker committed to providing a broad range of financial instruments, including but not limited to, forex, indices, precious metals, energy, and cryptocurrencies. The company registered its official website domain on July 12, 2021, and was incorporated in Seychelles under the name Fyntura Limited, with registration number 186731. However, despite official claims of registration in Seychelles, there is no record of the company's registration on the official website.
Fyntura does not offer services to residents of Afghanistan, Belarus, Burundi, Cuba, Congo, Sudan, Sri Lanka, North Korea (Democratic People's Republic of Korea), and Yemen, or in any country where distribution or use would be contrary to local law or regulation.
Regulatory Status:
Fyntura is in a state without effective regulation, which may pose higher investment risks due to the lack of effective regulatory oversight.
Currently, the broker is not under the supervision and regulation of any regulatory body. The absence of effective regulatory oversight could raise concerns among investors regarding the legitimacy and responsibility of the company. In the financial markets, regulated companies are usually required to adhere to strict laws and standards to ensure the protection of investors' rights. Before deciding to trade with Fyntura, investors should carefully consider and ensure they fully understand the potential risks associated with this regulatory status.
Trading Products:
Fyntura primarily offers a diverse array of financial product trading services through the MT4 trading platform, including forex, indices, precious metals, energy, and cryptocurrencies. Here are the main trading products offered by Fyntura:
- Forex: Users can trade more than 70 forex currency pairs, enjoying raw spreads starting from 0.0 pips, with a commission of $2 per $100,000 traded.
- Indices: Through Fyntura, users can diversify their investment portfolio by accessing global stock indices (CFDs) and trading them on computers or mobile devices, with extended trading hours.
- Precious Metals: Fyntura offers precious metals trading services, allowing investments in commodities like gold and silver as a hedge against inflation.
- Energy: Through Fyntura, users can participate in energy market trading, investing in products like crude oil to diversify their investment portfolios.
- Cryptocurrencies: Fyntura provides investment opportunities in various cryptocurrencies, including Bitcoin, considered the "gold" of our times and a hedge against inflation and deflation.
Trading Platform:
The trading platform used by Fyntura is MT4 (MetaTrader 4). Launched in 2005, MT4 has continually improved to become the preferred tool for millions of experienced and novice retail traders worldwide. The platform offers a wide range of trading functions and analysis tools to meet the needs of various traders. Users can choose to download the desktop or MAC version to trade various financial products, including forex, indices, precious metals, energy, and cryptocurrencies.
Account Types:
The broker offers three different types of accounts: Zero, Pro, and Prime accounts.
The Zero account has a commission of $0 per $100k traded, with a minimum spread of 0.7 pips. The minimum deposit amount for this account is $10, supporting currencies like USD, EUR, GBP, CAD, and cryptos like Bitcoin, Ethereum, and Litecoin. The trading platform is MT4, covering desktop, web, and mobile versions.
The Pro account has a commission of $2 per $100k traded, with a spread starting from 0.0 pips, suitable for investors with higher trading frequencies or larger volumes. The minimum deposit amount is also $10, with the same base currencies and trading platform as the Zero account.
The Prime account has a commission of $1 per $100k traded, with a spread starting from 0.0 pips, suitable for investors requiring lower trading costs. Unlike the previous accounts, the minimum deposit for the Prime account is $100, and the trading platform supports MT4's desktop, web, and mobile versions.
Deposit and Withdrawal Methods:
Information on the broker's deposit and withdrawal methods is rather opaque, with a lack of public disclosure. Deposit and withdrawal methods are crucial for investors as they directly affect their capital liquidity and trading experience.
Investors are reminded that when choosing a broker, transparency and reliability are vital considerations. Investors should ensure that their chosen broker offers clear and explicit deposit and withdrawal policies and can provide timely support and answers when needed.
Conclusion:
Fyntura is a Seychelles-based forex broker dedicated to offering a diverse range of financial product trading services, including forex, indices, precious metals, energy, and cryptocurrencies. Despite claims of registration in Seychelles, there is a lack of registration information on the official website. The regulatory status indicates that Fyntura is currently unregulated, which may increase investment risk. The opacity of information on deposit and withdrawal methods may raise concerns among investors about capital liquidity and trading experience. Therefore, investors considering Fyntura as a trading platform should be cautious and ensure they fully understand the potential risks.
Fyntura is currently marked as "suspected fraud" on TraderKnows.
