Verified: Financika Company Domain Name Was Registered In 2016 And Is Registered In Cyprus. The Company Is Operated By Sharp Trading Ltd. There Is Currently No Regulation. Please Be Aware Of The Risks In Case The Funds Are Damaged.

Note: Financika As A, Unregulated Broker, This Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Supervision Increases The Risk Of Potential Financial Losses.

If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And When Choosing A Broker, Remind Everyone To Stay Away From These Unregulated As Much As Possible.

The Following Is The Information That Has Been Queried In Detail:

Financika Is An Online Forex Broker That Offers A Range Of Financial Instruments For Both Novice And Veteran. Operated By Sharp Trading Ltd, Financika Is Registered With The Vanuatu Financial Services Commission (vfsc) And Operates As A European Entity In Cyprus.

The Company's Client Server Address Is Located In Bulgaria, But Its Clients Are Spread Across Europe, Chile, Mexico, Peru And Colombia.

Financika Offers A Wide Range Of Products:

· Currencies - Trade More Than 40 Major, Minor And Exotic Currency Pairs Including EUR/GBP And USD/GBP.

· Indices - Trade 7 Of The World's Most Popular Indices Including FTSE, Dow Jones And DAX.

· Stock CFDs - Trade More Than 90 Global Companies Such As Apple, Facebook And Uber.

· Commodities - Trading In Gold, Silver, Oil, Wheat, Etc.

Deposit Requirements

Financika Only Offers A Standard Account, Which You Can Register On The Homepage. The Minimum Deposit Requirement Is $200.

Spreads And Commissions

For Major Forex Pairs Such As EUR/USD And GBP/USD, The Spread Starts At 3 Pips - Higher Than Most Other Brokers. The Spread For Brent Crude Oil Is $0.12, While The Spread For Silver And Gold Is $0.04 To $1, Respectively.

There Are Other Fees To Be Aware Of, For Example, Swap Fees For Overnight Positions And A Hefty Idle Fee Of $500 Charged Quarterly. This Is Much Higher Than The Fees Levied On Dormant Accounts Of Other Brokers.

Leverage

Leverage Ranges From 1:10 For CFD Stocks To 1:200 For Commodities And Forex With Indices Available At 1:100.

Deposits

Deposits Can Be Made Via Credit Cards, Bank Telegraphic Transfers And E-wallets (Skrill And Neteller). Please Note That The Minimum Deposit Amount For Credit Cards Is $200. It Takes 2-5 Business Days To Process Credit Cards And Telegraphic Transfers, While Deposits Via E-wallet Take Up To 5 Business Days.

Withdrawals

Withdrawals Can Be Made Via The Same Method, With An Average Processing Time Of 4 - 5 Business Days.

Trading Platform

Financika Offers Webprofit, A Non-downloadable Trading Platform For All Levels.

Recipient Countries

Financika Accepts Traders From Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar And Most Other Countries.

Traders Cannot Use Financika From USA, UK, Spain

Trading Hours

Users Can Trade Forex And Commodities Between 22:00 GMT On Sunday And 22:00 GMT On Friday. CFD Trading Hours Are As Follows:

· US Markets - 2:30pm To 9:00pm GMT, Monday To Friday

· European And UK Markets - 8:00am To 4:30pm GMT, Monday To Friday

· Asian Markets - 0:00am To 2:00am GMT And 3:30pm To 6:00pm GMT, Monday To Friday

Customer Support

Customers Can Access 24/7 Support In The Following Ways :

Tel: + 27212004239

Email: Customer.service @Financika.com