Finpari Trading App – Is it really that good

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Finpari Review

Finpari is one of the best binary options brokers for US and International traders. What makes this broker unique is the possibility to deposit using Paypal and Bitcoin. This broker has a good reputation in the industry.

  • Generous $250 Welcome Bonus
  • Great Payouts: 90%
  • Powered by SpotOption

Finpari Review

Name Finpari Web site www.finpari.com Online since 2020 Country Scotland / Seychelles Platform SpotOption

Broker Rating

Finpari is a partly UK based binary options broker founded in the year of 2020 has a headquarter in Scotland. Finpary is owned by two companies: Norske Inter LP (HQ in Aberdeen, Scotland) and Lerona Impex SA (HQ in Seychelles). The broker is very popular in the US, Europe and Asia.

Finpari offers more than 100 assets including stocks, currency pairs, commodities and indices. Every day, Finpari processes over 10,000 transactions and they accept traders from the USA as well as payment via paypal. Paypal binary options brokers are pretty rare and Finpari is the best paypal friendly broker.

The broker is powered by SpotOption and offers secure trading, 1 hour withdrawals and mobile trading. This also means that the broker is compatible with many signal providers. Finpari is also one of the few brokers that integrated ZuluTrade, where you can get signals from thousands of other traders. The ‘follow the trader’ feature allows you to trade based on the style of the most successful traders. There are over 10,000 trading signals from traders around the world. Alternatively you could take a look at this Finpari review by HowWeTrade.com.

Finpari Trading Platform

Finpari if powered but the SpotOption 2.0 platform. This trading platform is available as a web based platform and mobile users can download the finpari app to trade on their smartphones. You can use the chart to learn about the price movement of a specific asset within a selected period. The payout rate is listed clearly on the right side of the platform. Finpari offers returns up to 90%, which is one of the highest in the industry.

Finpari will return 10% of guaranteed monthly income for traders who open the fixed income account and they offer all kinds of options contracts including:

  • standard options
  • short term
  • long term
  • one touch
  • ladder

There are many expiry time frames to choose from including:

  • 60 seconds
  • 30 minutes
  • 1/2/4/8 or 12 hours
  • end of day
  • weekly
  • monthly

The mobile platform can be used to trade regular binary options, short term and one touch options. You can easily view your trading history through your account. The mobile platform features live charts, and instant trade execution.

Initially, this binary options broker started out focusing on Russian and Asian customers that are from Russia and Asia but it later expands into other countries. While reviewing Finpari we found out that they are not licensed by Cysec. Their homepage says “regulated broker” however we are not sure which regulation that is.

Finpari Trading Accounts

Finpari offers several types of trading accounts including

  • Bronze Trader Account: The Bronze account is for traders who want to deposit in between $250 – $1000. With Bronze account, you can get a 20% welcome bonus.
  • Silver Trader Account: The Silver account has a minimum deposit requirement of $1000 – $3000. The Silver account offers a 50% welcome bonus.
  • Gold Trader Account: Gold account requires a minimum deposit of between $3000 – $50,000. The Gold account offers 100% welcome bonuses for customers. The maximum limit for the bonus is $100,000.

Both Silver and Gold accounts feature master class courses and and unique deposit bonuses. Gold account users have the most benefits as well as an individual account manager.

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Demo account is available for all account types. The demo account requires you to deposit at least $250. It is very easy to use the demo account to test different trading strategies. When opening an account, you can choose from two types of currencies: EUR and USD.

Deposits and Withdrawals

Traders can deposit or withdraw funds from their accounts through several methods including:

  • Credit/debit card
  • Paypal
  • WebMoney
  • Qiwi Wallet
  • OKPay
  • Perfect Money
  • Bank wire
  • Neteller
  • Bitcoin

Paypal is one of the most popular deposit methods on Finpari. You will be charged with a commission fee of 2.5% if you fund your account through credit or debit card. Finpari offers 100% secure trading that features 256 bit SSL certificate and 3D Digital . The clients funds are protected in a bank based in Europe. The customer representatives will process your withdrawal request within 1 hour.

The minimum amount you can deposit into your account is $100. You have to provide documentation if you want to withdraw more than $1,800. After they have approved your withdrawal request, it will take another 5 – 6 days for the funds to arrive in your account. International withdrawal will be charged with a fee of $50. If you want to withdraw the bonus in your account, you must reach the wager rate of the original bonus amount (read their terms before accepting any bonuses).

Binary Options Education Center

The education center provides tutorials on binary options basics. The tutorials provide tips on how to trade the different types of assets including binary option, One Touch, Option Builder, Pairs and Sixty Seconds.

The video tutorial offers an overview of the features in the trading platform. There are also video tutorials that provide free binary options trading tips including trading techniques, trading models, and best trading time.

Finpari Review: Customer Support

Finpari offers 24/7 customer support through live chat, email, and telephone. It provides international telephone customer support for USA, Russia, Hong Kong, Thailand, Singapore and Australia. You can use the online web contact form to email the customer representatives if you have any query. The 24/7 live chat customer support guarantees that you will get a response within a time frame of 45 seconds.

Is Finpari a legit broker?

As you can see in this review, Finpari is great binary options broker that offers a reliable trading environment as well as unique features like Paypal deposits, integrated ZuluTrade and high returns of up to 90%.

This broker managed to attract a large number of traders in a short time because it offers many advantages over other brokers. In addition, it has a responsive customer support team that will respond to customers’ request within a short time frame. There is really no reason why you shouldn’t give Finpari a try.

Finpari Broker Review

In our Finpari review, we will introduce traders to the new player in the binary options industry. Finpari is a relatively new broker, established in 2020, who has managed to create a great platform for many traders who have recognized its potential in really short time. This new broker offers a great variety of trading assets, but also an amazing educational center that is useful as well.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

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Finpari Special features

As a relatively new broker, Finpari had to create appealing accounts that will attract new trades. Today, this broker has three account types in its portfolio with $250 being a minimum deposit. In our Finpary review, we realized that one of the many amazing features this platform offers is that it is open for US traders which can be considered quite rare nowadays.

Bronze Account can be open with minimum $250 deposit, and it guarantees really fast money withdrawal within 1 hour. This withdrawal period is incredibly and unusually short, since it usually lasts between 24 and 72 hours. Traders can expect bonuses starting from +20% deposit amount. All traders get initial trading course via video and reading the material, what is great for inexperienced traders who have a lot to learn before placing the first trade.

Silver Account is created for traders who already know rules of binary options trading. Minimum deposit is $1,000, and it enables fast 60-minute withdrawal and educational materials that include Master class as well. What is interesting is that Silver Account has a demo account that helps traders to learn more about trading strategies, but also gives them the opportunity to get familiar with the interface. With Silver Account first 3 trades are risk-free and there is trading protection, but make sure to read Terms & Conditions well, since there are some rules that apply. The bonus is up to 50%.

Gold Account offers not only fast withdrawals, great educational materials, bonus up to 100%, and everything mentioned in the description of the Silver account, but some interesting and unique features as well. Every trader gets an individual account manager that helps him with trading advices and Swiss prepaid card. Minimum deposit for this account is $3,000.

Finpari has also a Fixed income account that is special investment offer. It has a pre-defined rate of return and the broker guarantees giving full refund no matter what the market trends are.

As can be seen in our Finpari review, a bonus is offered to every trader, no matter the account type, but there are some conditions that apply. Every bonus must reach 20 times turnover within 3 months before withdrawing. If the turnover is not achieved, the bonus is cancelled and removed from the account. This broker’s User Agreement is really detailed when it comes to bonus policies so be sure to read it before accepting a bonus. If trader accepts bonus by mistake, all they need to do is contact the customer support within 3 working days, and broker will remove the bonus from the account.

Recently, Finpari added the possibility of entering special competition with the prize fund of $20,000 in order to make binary trading even more interesting. In Finpari review, FBO found out that this broker accepts US customers.

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Finpari Trading software

Finpari uses SpotOption platform that is very well designed and easy to use. The combination of bold colors well represents the dynamic world of binary options, but the website is still pleasant to the eyes. Durinf the Finpari broker review, we noticed that traders can easily monitor their trades and even follow other successful traders and develop strategies based on their trades thanks to SpotFollow. Traders can choose between traditional trading options such as High/Low, one touch, 60 seconds, Long Term, Pair options and Ladder options and various expiry times.

The Finpari platform also provides free tools that can help traders achieve better results: there are tools for technical and fundamental analysis, market news, expert commentaries, trade pattern ideas and USDEUR trading during weekends. Traders can also copy the trades from the most successful traders and profit from their knowledge.

This broker offers desktop platform, and Android and iOS apps as well. This enables traders to always have a preview of their trades on the palm of their hand, no matter when and where. Mobile app features several types of trading like regular binary options, one touch and 60 seconds, but traders can change also check their account and portfolio. Even though, traders can place only several types of trades on the mobile version of the platform it is still a great feature to use when on the go.

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Finpari Support information

Finpari platform is available in 5 languages: English, Russian, Spanish, French and Thai which is very convenient for users who don’t speak English fluently. During Finpari review, we found out that there are two ways to contact customer service. One way is a classic phone call, and Finpari offers customer support via six telephone numbers (Russia, Hong Kong, Thailand, Singapore), so users can contact the one they prefer. There is also a live chat option which is always fast and convenient.

In the recent past, Finpari also added the possibility to contact market expert over phone or skype. The expert will provide additional information to all traders who have inquiries about market changes and movements.

For those who prefer to find solutions by themselves, there is FAQ section on the website. Even though it is well designed and easy to use while doing Finpari review we noticed it is not very detailed. It answers only basic questions about trades available, user account, trading, safety and binary options trading in general. FAQ can be a good starting point for research before signing up with the broker, but in case od any serious problem definitely contact customer support, since it doesn’t provide detailed information.

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FinPari

Broker Name: FinPari
Platform: SpotOption
Founded: 2020
Bonus: 100%
Return/Refund: 70-85% / 0-15%
No. Of Assets: 100
Regulated: No
Demo Account: No
Minimum Deposit: 250
US Traders: Not Accepted

FinPari Review

Finpari is operated by Lerona Impex S.A., registration number 114612, with a registered office at 306 Premier Building, Albert Street, Victoria, Mahe, Seychelles. The company operates on behalf of FGC but no other information is given regarding this entity. Finpari is not regulated.

Is Finpari A Scam?

There is no damming evidence that FinPari is a scam but there is evidence you can find a more reliable broker with the same features. There is at least one bad complaint in the forum, claiming their deposit and profits were stolen. This is unfortunate but I must point out, the complaint doesn’t have any evidence to back it up, not saying it didn’t happen just that it’s hard to take at face value with no evidence. Something I find mildly troubling is the claims of regulation. Yes, the company is registered in the Seychelles where they have minimal, and I do mean minimal, oversight of businesses but it is not a regulated binary options broker.

We have reason to believe that Finpari is somehow related to BinaryMate, which is a brokerage with “Warning!” written all over it. Both of them are part of the group FGC and the addresses are suspiciously similar: Finpari is located at 306, Albert Street, Victoria, Mahe, Seychelles while BinaryMate is located at 309&310, Albert Street Victoria, Mahe, Seychelles (wow, what a coincidence…). Also, according to some online sources, BinaryMate is or was at some point owned by Lerona Impex (same company that owns Finpari) but we couldn’t confirm that.

Finpari’s website had a total of 189K visits during March 2020 and a huge spike of 1.65 Million in December 2020. Spikes like that one are not really a good sign and one more thing should be noted: in March 11.43% of visitors came from the United States but that is a drop from 47.51%. Overall this doesn’t really look like healthy traffic and I believe that caution should be used around this brokerage.

Editors Note – Why FinPari Does Suck In 50 Words

Finpari might suck because they are just another SpotOption label and not even a good one. They go so far as to imply CySEC regulation but can not even take the trouble to re-skin the platform. All you get is the basic ho-hum plain theme, and a broker regulated in the Seychelles. The theme I can get over, claims of regulation – I can NOT.

Why FinPari Does Not Suck

Ugh, tough question! I really don’t know. SpotOption platform, same as about 70% of other brokers, no regulation, nothing innovative or helpful to the trader… I got it: Orange is the new Black and their logo is predominantly orange. Pfff, if that’s the best thing I can find about them, you can imagine how good they are…

Should I Open an Account with Finpari?

This is not an unusual set up as many brokers chose to register in a banking friendly country such as the Seychelles in order to avoid stricter regulation. It can be a sign of fraud but there is no evidence of that here, just another broker looking to attract some traders. As mentioned, this a SpotOption based broker and comes with the full line up of available features.

Basic high/low trading is complimented by Pairs, One Touch, Ladder and Spot Follow. There is no Forex or CFD trading, a feature common on other SpotOption based brokers. Expiry is good. Short term speed trading includes 30, 60 and 120 second options, Long Term trading has expiry on an intraday basis, end of day, tomorrow, end of the week, next week, end of the month and on out to 6 months on commonly traded assets. Ladder options have strikes, trade like over/under options and have increased payouts. One touch are available on the weekends and also have increased payouts, up to 600%. Standard payout on call/put trading is in the range of 80%.

Apart from the normal Trading Accounts, Finpari offers a Fixed Income Account (FIA), which according to them, will bring you a 10% monthly income and withdrawals within one hour. They also claim that “invested capital safety is guaranteed by Finpari, with a refund of invested amount, regardless the market behaviour!”. You know that saying about stuff that sounds too good to be true? Yea? Well, this is that stuff.

Finpari Regulatory Warnings And Announcements

06.17.2020: The Autorité des Marchés Financiers (AMF) issued a warning against the activities of certain binary options websites, for which no authorised investment services provider could be clearly identified. Finpari was among the brokerages mentioned by the AMF. Source and full list: AMF Public Warning June 17, 2020.

13.12.2020: The Cyprus Securities and Exchange Commission (CySEC) issued a warning against more than 100 binary options websites that operate without proper regulation and that target Cypriot citizens. Finpari was part of that list. Source: CySEC Announcement.

Finpari Ratings

User Friendly 16/20

The platform is user friendly, don’t get me wrong. SpotOption is my personal favorite platform; it is easy to use and has the most features. However, I must take a point or two off due to misleading regulatory information and heavy handed marketing on the home page.The website is available in 7 languages.

Number Of Assets And Expiry 19/20

FinPari has a full asset list composed of 84 stocks, 29 currency pairs, 7 commodities and 37 indices (however, not all of these can be found on the trading platform), extremely full list of available expiry and a large number of exotic trading options. They don’t have range but you don’t need it with the Ladders. The caveat is that this is not a reason to choose FinPari, you can get the same elsewhere.

Commissions, Support and Effective Returns 15/20

There are no commissions using this broker but there is a fee to withdraw by wire. Support OK but heavy handed on the sales so be aware. The education center is also OK, not much there really but the videos are good. Effective return is standard across the SpotOption universe; about 85% on call/put trading, a little lower for 60 seconds/short term and up to 600% or more on Ladder and One Touch.

Deposit, Payment And Bonus 14/20

Minimum deposit is $250 and can be done by credit card, wire transfer or eWallet. I recommend eWallet whenever possible, this broker takes Unionpay ,Alipay, Amex, Jcb, Wire Transfer, Webmoney, Qiwi Wallet, Okpay, Bitcoin, Perfect Money, Neteller and Paypal. Payments can be made back to the same account but there are limits on credit cards. Bonuses can be had in the form of risk free trading, or one time deposit bonuses up to 100%. Terms a little misleading, in one place I it says only 300% turnover of deposit, 3X, and in another it says 20X. Any deposit, regardless of bonus, has to be turned over at least once to get any withdrawal.

Broker Extra’s 12/20

SpotOption offers a lot of extra’s that go above and beyond plain Jane digital trading. For one, they have the Ladder options which give increase payout and flexibility, for another they have Spot Follow. This is the same as iFollow and is the copy trading platform available from SpotOption built on ZuluTrade’s technology.

FinPari Overall Ratings: 73/100

I recently signed up with finpari. And being from a third world country i was still able to deposit the 250 usd and with finpari promo it all ended to be 300 usd. Now as soon as I was able to deposit that they come up with a verification about how much was deposited in my account. So I put in 250 , 300 with no success. They asked for a copy of my transactions from my bank and I provided it to them . But still verification was not cleared . I told myself say goodbye to the 250 usd .

i deposited 1010$ and made 2600$ over that instead of processing it they have said we are closing work with you and your country. they kept lying and gave me fake promises and now they have closed my account. I have all the proofs with me.

I had searched the web reviews about this binary broker before I opened my account with them. Basically all the reviews were positive about this broker. I believe those sites were paid to put on the good words. Unfortunately, I did not stumble on this site. So on 8/18/16, I opened my account with Finpari with $3000 from my credit card and started trading. Then on 8/21/16, I did exactly what their FAQ said. I logged in to my account and went to the page of Fixed Income Account and deposited $3150.00 from my credit card. Immediately it went to my trading account. I sent several emails to them requesting to make sure that this amount was for my Fixed Income Account, which they promised 10% per month income no matter what the market was doing. However, they gave me the run-around by first saying that my success manager would do it the next day and contact me. He would be arriving at his office at 1PM GMT and then they wrote me again saying that he would arrive at 6PM GMT. However, next day nobody did anything to correct the error. Nor did anyone contact me.
So I wrote them again and they replied that my success manager was on business trip.
My tradings were getting better and better and started to make more money. The same day, I bought a put for EUR/JPN at strike price 113.652 around 22:24 and when the trade was about to close, my order was suddenly gone. At expiration of 23:00, the price was around 113.603. My order would win. They deliberately took away my winning trade and refused to credit $178.00 back to my account though I emailed them several times asking them to do so.
So basically all the binary brokers either registered or unregistered are the Houses. Traders are gambling against the Houses, because there is no market, no traders taking your opposite trades except the Houses, who are not the exchanges to match buy and sell orders. The only way for the Houses to make money is that the traders lose money. The houses may allow you to win a few trades but if you win consistently, they will do something to sabotage you like preventing you from entering trades when prices are in your favor, delaying trade confirmations, cancelling your winning trades and/or manipulating prices and expiration time to make you lose trades.

Finpari’s Fixed Income Account which offers 10% monthly return is a SCAM, to allure unsuspecting traders into your traps. There is no such account. This is another evidence to prove the old adage: Something is too good to be true!

I asked my Success Manager Gregory Abrams to send me the photo of his Finpari ID to prove his real name and he refused. I knew that he was a phony man, who was using an alias. So I wrote to him:
“I know it. It is a sham. Phony broker, phony persons, phony account and phony tradings. Actually my account does not even have an account #. Your Forex binary option market even opens on Saturdays and I even traded on a Saturday on your trading platform using my account with you. As a matter of fact, Forex markets around the world opens from Sunday 5 pm EST (10:00 pm GMT), till closes on Friday 5 pm EST (10:00 pm GMT). They never open on Saturdays. Now where are your market data and trading feeds come from on Saturdays since Forex markets never open? This is completely a scam.
Last week, I informed my credit card company of stopping payment to you. Now, you have 2 choices:
1) Refund the 2 amounts you charged my credit card: $3000 + $3150 in FULL amount back to my credit card immediately. You can keep my trading profit in my account since this is a fake number. Or
2) I will expose all this on the internet and let every trader know about your scamming behavior. And my credit card company will refund the money to me later.
It is your choice.”

Now, my credit card company has successfully credited the 2 full amounts back into my credit card. Traders, if you are scammed, call your credit card companies to get your money back. Be very careful in choosing binary brokers.

Best Binary Options Brokers 2020:
  • Binarium
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  • Binomo
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