Full and honest review about Fin-TechPrime brokers
As you might know by now, there are many brokers that you can use when trading online. However, finding the right brokers are really hard and can have some catastrophic results if you don’t use the best and most recommended brokers on the market.
This is where Fin-TechPrime comes in. This is a broker that is known to be not recommended at all. Not by traders and for sure not by regulators. It is essential that you should know the main reasons why this isn’t the best brokers to use. And, it is important to get as many information about them as possible. This is everything you need to know about Fin-TechPrime.
There isn’t much information about Fin-TechPrime brokers to show that they are recommended. One of a few things that we do know about them is that they are forex and CFD traders with different cryptocurrencies available.
There are a couple of telephone numbers that you can phone as well, for getting as much info as needed about the brokers. The domain looks legit as well. However, because there isn’t much other information about the brokers, it is safe to say that they aren’t recommended at all. You need to make sure that the brokers aren’t an offshore broker and that you can trust them.
Registered and regulated
Another thing that you should know about Fin-TechPrime is if they are registered and regulated. Because of the lack of basic address information, we can say that they aren’t registered.
No registered company won’t have an address published. And, you will know the country of origin if the company is legit. With Fin-TechPrime, there isn’t any information about the address. Meaning that they aren’t registered. If they aren’t registered, they will not be regulated as well. The most important part of using a broker is to look if the broker is regulated. And, with these brokers, it is safe to say that they aren’t regulated or licensed.
Good things about Fin-TechPrime
There are one or two great things about Fin-TechPrime that is making traders believe that they are trustworthy. The first good thing about them is that they offer a huge variety of cryptocurrencies. Meaning that your chances to make a profit is much higher.
The amount of payment options available is also great. They make sure that you can use any payment options that are available to you, to deposit the money into their account. This is basically the only good things about Fin-TechPrime that you can make use off. But, this isn’t enough to say that they can be trusted.
The account options and minimum required a deposit
When it comes to the accounts, there are a large variety of account options that you can choose from. In fact, there are a total of 6 different accounts. However, there isn’t a demo account, and the required deposit is really high. It starts at $250 and goes up to $150 000. It depends on the type of account that you are going to consider.
Without a demo account, you will not be able to know for sure that they can be trusted with the money that you are planning to deposit. The required deposit is really high and this is making it risky to use. Making them not recommended to be used.
No MT4 platform
If you are experienced in trading, you will know that the most important thing about trading is the platform that you are using. The better the platform, the better the chance of succeeding. You might also know that MT4 and MT5 are the two platforms that are the best and most recommended platforms to use.
And, this is the two platforms that aren’t available with Fin-TechPrime. In fact, they are using a platform that is relatively unknown. Making it dangerous to trade.
Unusual fees that traders need to pay
Yes, there are some fees that you need to pay when you are using brokers. However, the one thing that you should know is that these fees should be standard fees. With Fin-TechPrime, there are some fees that are unusual and not normal fees to pay.
Meaning that you are going to pay a lot of fees for using these brokers. You might even pay them more than what you have in your account. This is a sign that they are only brokers, to get access to as much money as possible.
What are regulators saying about Fin-TechPrime
Every regulator is saying that it is dangerous and risky to make use of Fin-TechPrime. And, that you as a trader, should not even consider using them. There are many things about them that are making them dodgy to use. From the lack of company information to the high required deposit and the fees payable. Regulators are warning traders about using Fin-TechPrime and there are even regulators that have blacklisted them as brokers.
Fin-TechPrime. They are brokers that you can use to trade forex or CFD. However, there are many signs that they aren’t legit. With this full and honest review, we proof that using them is dangerous and that you should not consider using them in any way. There are better and more recommended brokers out there.