Company Profile
Company Profile
Review summary
| FinecsaReview Summary | |
| Founded | 2019 |
| Registered Country/Region | Saint Lucia |
| Regulation | No regulation |
| Market Instruments | Cryptocurrencies, forex, CFDs, stocks, indexes, commodities |
| Demo Account | ❌ |
| Leverage | Up to 1:600 |
| Spread | Variable |
| Trading Platform | Web trader, mobile APP |
| Minimum Deposit | $500 |
| Customer Support | Contact form |
| Tel: +56232103517 (Chile); +525541663011 (Mexico City); +5078365562 (Panama City); +552135000556 (Brazil); +5117070409 (Peru); +50321131969 (El Salvador); +50223028469 (Guatemala City); +576015084298 (Colombia) | |
| Email: soporte@finecsa.com | |
| Address: Avenida Diagonal 511-521, Barcelona, 08014, Spain | |
Finecsa was registered in 2019 in Saint Lucia, specializing in cryptocurrencies, forex, CFDs, stocks, indexes, and commodities. It provides three types of accounts, with a minimum deposit of $500 and a maximum leverage of 1:600. However, it uses its own trading platforms and it is not regulated, which means potential risks still exist.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Lack of regulation |
| Popular payment options | No demo accounts |
| Multiple channels for customer support | No MT4 or MT5 |
| No copy trading | |
| High minimum deposit |
Is Finecsa Legit?
No, Finecsa is not regulated by financial regulatory authorities in Saint Lucia, which means the company lacks regulation from its registration site. Please note the potential risks!
What Can I Trade on Finecsa?
Finecsa provides several types of assets, including cryptocurrencies, forex, CFDs, stocks, indexes, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indexes | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Finecsa offers three types of accounts: Basic, Standard, and Premium Account. However, it does not mention whether a demo account is available or not. Besides, the spread and commission fees are not clear.
| Account Type | Deposit Currency | Minimum Deposit | Maximum Leverage |
| Basic Account | USD, EUR, GBP | $500 | 1:200 |
| Standard Account | USD, EUR, GBP | $5,000 | 1:400 |
| Premium Account | USD, EUR, GBP | $10,000 | 1:600 |
Leverage
The leverage can be up to 1:600, which is not low. Traders need to consider carefully before investing, because high leverage is likely to bring high potential risks
Trading Platform
Finecsa uses its own trading platforms which are available on PC, web, and mobile devices. It does not support the commonly used platforms like MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | PC, web | / |
| Mobile APP | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Finecsa supports different types of payment options: VISA, Maestro, MasterCard, Skrill, SWIFT, Neteller, and citibank. Besides, accepted currencies are USD, EUR, GBP. However, other details such as the processing time and commission fees are not clear.
