Finpari Review – Is Finpari a Trusted Broker?

Update (2017): Finpari is no longer accepting new clients.

Finpari is a binary options broker which has been around for about 3 years, since December 2012. Their social network presence is pretty good, especially on Facebook and Google Plus. They are also very popular (with a global Alexa rank of 88,735), especially in the United States. Finpari is available in the following languages: English, Russian, Thai, Spanish, French and Arabic. They are one of the only brokers I know that accept traders from ALL countries. So is Finpari a really great broker or a SCAM? Make sure to read my objective review.

Regulation

Finpari is currently not regulated, however they work according to financial regulation standards. The reason that they aren’t regulated is that if a broker becomes regulated in a specific region, they lose the ability to accept traders from other regions. For example, an EU-regulated broker cannot, due to regulatory constraints, accept traffic from the Australia and Canada. I usually only recommend signing up with regulated brokers, however I’m making Finpari an exception not only because they are available worldwide (with the exception of the US; if you’re an American, you can still sign up with Binary Mate,) but also because they are really a great broker as you will find out by reading this review.

Deposits and Withdrawals

Minimum deposit is $250 for the bronze account. You will also get a FREE demo account when you sign up for a real account, an optional 20% bonus and a trading course (eBook and video). If you deposit $1,000 for the silver account, you will also get a master trading class (webinar), first 3 risk free trades, trading protection and a bonus of 50% of your deposit amount. The gold account (deposits higher than $3,000) will add a Swiss prepaid card and an individual account manager to the package as well as a bonus of 100%. When making your deposit, you will also be given the option of choosing between a regular trading account and a fixed income account. The latter guarantees an income of 10% per month, however it’s available ONLY to active clients who regularly trade. The minimum deposit amount for a fixed income account is $500.

The master trading class offered to silver and gold members is provided by Abe Cofnas, a professional trader with 20 years of experience trading on the financial markets. The course includes theoretical and practical aspects.

Finpari offers the widest array of deposit methods I’ve even seen with any broker: You can deposit via a credit card (Visa, MasterCard, Maestro, AMEX, JCB), Neteller, UnionPay, Alipay, Perfect Money, WebMoney, Bitcoin, OKPay and Qiwi Wallet. 

With Finpari withdrawals are processed within 1 hour, unlike other brokers where it takes at least 1-3 days. Minimum withdrawal amount is $50.

Finpari trading platform

The platform is a Spot Option platform, which is the most popular binary options trading platform. If you’re not familiar with the Spot Option platform, let me describe it briefly. SpotOption is a web-based, user-friendly platform for trading binary options. Since it’s a web app and not a downloadable software, you will be able to use no matter where you are, as long as you have a computer or a mobile device with an Internet connection. Free mobile apps for Android and iPhone are available.

Trading assets include stocks (such as IBM, Reuters, Coca Cola, Nike, Apple, Microsoft), a wide variety of currency pairs (such as EUR/USD, GBP/USD, USD/JPY, USD/CAD, EUR/JPY, EUR/GBP and more), commodities (e.g. silver, oil, sugar, coffee, gold), and indices (DOW, NASDAQ, FTSE 100, etc.).

In terms of expiries and trading modes, SpotOption is a highly versatile platform which includes regular binary trades (with expiries of 15, 30, 45, 60, 120 minutes and EOD) as well short-term, turbo signals (60, 90, 120, 180 and 300 seconds), long-term (weekly and end of year), pairs trading, one touch, ladder, and FX/CFD.

The minimum trade amount with Finpari is $1 and the maximum is $1,500.

In addition to all the regular SpotOption features, there are some unique features in the Finpari trading platform:

  1. Fundamental Analysis – Daily reports of market trends including forecasts the awareness of which is necessary in order to trade successfully.
  2. Technical Analysis – Daily explorations regarding the behavior of different assets from a technical standpoint, including forecasts.
  3. Market News – All the relevant news which may hold an effect on the market provided in one place.
  4. Expert Commentary – Reports by professional analysts.
  5. Trade pattern ideas – Forecasts regarding specific assets, which are invaluable to traders who are looking for a direction on how to trade on their own.

Educational material is also available, including videos on how to use the Finpari platform, the main terms and features of binary options, a review of different types of options, how to calculate the win ratio in order to trade without losses, money and risk management, the best time for trading, strategies, and more.

Finpari holds regular binary options trading contests, with 20 winners each week. The first 4 places share a $20,000 prize! The 16 other winners receive valuable prizes, such as iPads and bonuses. If you trade with our manual signals, you will most definitely be able to win! (If you’re not familiar with our group, see below.) The contest starts every Sunday at 21.00 GMT and ends Sunday at 20.30 GMT. There’s no need to sign up for the competition. If you have an account with Finpari, you’re already a part of the contest.

Trading with Finpari is available also on weekends – Saturday (6-21 GMT) and Sunday (6-18 GMT).

Finpari support

I’ve personally tested the Finpari support and found them to be highly responsive, even after I’ve opened an account and deposited money. They are available 24 hours per day, 7 days a week via live chat, a contact form, email (support@finpari.com) and telephone:

  • In the UK +442038088047
  • Russia +7-499-7033774
  • Hong Kong 3-395-0396
  • Thailand 081-855-7055

The physical location of the company who owns Finpari (NORSKE INTER LP), which is registered in Scotland under company no. SL20287, is Suite 1, 39 Due Street, Aberdeen, AB11 6DY, Scotland, UK.

Is Finpari a scam?

Finpari.com is not blacklisted by Google SafeBrowsing, ThreatLog and MalwareDomainList, which means it is safe to visit and is not used to distribute malware or trojans. It’s worthwhile to mention that Finpari uses SSL (Secure Socket Layer) technology to encrypt all transactions and keep traders’ personal information secure. The funds you deposit are safely deposited in an EU bank.

Finpari Review of Reviews

I found many positive reviews on Finpari. Here are three of most highly ranked authentic reviews:

Top10BinaryOptions.net: “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.”

7BinaryOptions.com: “The Finpari binary options platform offers all the usual services we’d expect from a competent and serious player in the trading field. The addition of an Education Center is helpful and makes it more attractive to new traders and those who want to brush up on their existing knowledge. Finpari’s website is eye catching to say the least, and the easily navigated, interactive pages contain a lot of good and helpful information with a high standard of functionality.”

BinaryOptionRobotInfo.com: “Finpari is a website that every serious trader needs to consider. The broker offers professional services that most binary brokers out there have failed to offer. Their website demonstrates a feel of professionalism and easiness. Their trading platform, Spot 2.0, is one of a kind in the industry. If you have been looking for a broker that enables traders to make a wide variety of choices and explore their prowess, you have reached the right place. They will walk with you through all the steps by offering you with video tutorials, answering your questions, and giving you juicy offers. Their deposit amounts are pocket-friendly, and their payment processes are secure and top-of-the-industry. We give Finpari two thumbs up! Overall review we will give Finpari 4,5 stars out of 5 as a binary options broker site.”

Traders’ Testimonials

If you have any experience with Finpari, please notify me so I can add your testimonial to this review.

“Thank you for recommending Finpari . Very professional and reliable broker indeed .” -Christine U., July 22, 2016

How to sign up with Finpari

1. Go to Finpari.com

2. Enter your first and surname, phone number and email. Your email will be used as the login to the platform.

3. Choose a password and your account currency (USD, Euro, Ruble, GBP). The currency cannot be changed once the account is created.

4. Fund your account with a minimum of $250 and start trading right away!

Signals for use with Finpari

You can use the SpotFollow social trading feature, which allows you to copy top traders’ actions on autopilot. This is a great way for newbies who are not interested in learning how to trade or manually following signals. This feature allows you to view the performance of the top traders (leaders) who are using the system. You can find traders who trade a specific asset or locate cross-asset traders. In addition to leaders’ win rates, you can also see their rank, number of positions, total profits, how many followers they have and their country. When you follow other traders, you can configure the session period (how long you would like to follow them for), the investment per trade and the investment limit (in case you want to set a limit).

If you prefer to learn how to trade or follow signals, I would suggest to join Mike’s manual signals group on Facebook. Finpari in particular and the SpotOption platform in general is fully compatible with the signals provided in Mike’s group.

Conclusion and my own experience with Finpari

All of the above indicates that Finpari is one of the BEST binary options brokers available! They are definitely NOT a SCAM. For now, if you’re looking for a new broker, no matter where you’re located, it seems that Finpari would be an excellent choice!

Summary
Review Date
Reviewed Item
Finpari
Author Rating
51star1star1star1star1star

37 comments

  1. Finrally is the old Finpari. Finpari IS a SCAM. Finrally IS a SCAM. I was with Finpari for a year traded/invested the minimum deposit of $250. I decided to withdraw my $2037 the I had EARNED. It has been 2 month and Vitaly Dukat always has a excuse as to way the money can not be released.
    All the contacts: From Helpdesk, Finance Department, Success Manager seem to have the name: Vitaly Dukat.
    Finpari/Finrally is a SCAM, STAY AWAY!!!

    1. Hi Timothy, Please Contact me, I want to retrieve my funds i.e 1000$ from BinaryMate, Can you help me?

      Feel free to contact me please.

      1. Sorry, There is no way of recovering your money.
        You have lost your money.
        Finrally/Finpari is continuing their scam by giving the excuse that they now only use Bitcoin and to receive your funds it has to be thru Bitcoin.
        But even after opening up a Bitcoin account they continue to give every excuse in the book as to why they can not send my funds.

        Sorry, you have lost your funds.

  2. FOR OVER A YEAR I HAVE NOT HAD ANY HELP FROM A BROKER, JAKE SAID HE WAS MY BROKER
    AND Now VITALY DUKAT SAID TODAY TO TRANSFER MY MONEY OF 405.20 TO FINRALLY AND THEY SAID THEY ADDED 10% BONUS TO TRANSFER AND NOW HE WILL NOT CONTACT ME AND I WANT TO WITHDRAW MY MONEY of 445.72 today AS I AM 82 AND NEED IT AND NO ONE IS WILLING TO HELP ME

    1. Finpari has changed it’s name to: Finrally. Finpari is a SCAM and Finrally is a SCAM. I traded/invested with Finpari/Finrally for a year. Now they refuse to return my money. Vitaly Dukat seems to be the name for ALL of the employees.

  3. Hi, I have been trading with Finpari for nearly a year, and have thought them to be very good until now. I have had a good few months trading, and went to withdraw a large sum of money. 2 days later Finpari have closed my account and have taken my money. They sent me an email saying my account was closed due to Australian tax office. I reside in the UK so this is 100% bs

    1. There is no more Finpari. It is now Finrally and I hope they do not keep traders winnings. I guess Scotland Yard would be the proper authority to contact.

  4. I am canadian, and looking for a good platform and broker to start with using mikes binary signals. Everything has led me to either pick finpari or markets world. I really want to use finpari because they have spot option platform, but after reading reviews online, it seems as if finpari is a scam. Most users have not been able to withdraw their profits. In most cases, once you get over 1000$ deposit and try to withdraw, they either freeze your account, or give you back your initial deposit. seems like a scam to me, shame that we have so many recommendations for finpari.

    1. Why would they care if you made even $1,000 a day and wanted to request a withdrawal. It is your winnings, right? I’m new and puzzled by some Broker attitudes.

  5. I have finpari as my broker i made a deposit of 500 and using tevin marshall signals whe he was doing bo i was abel to grow my account to over 3000 i requested a 500 withdraw and they gave me a little hard time but finally they put the money in my account .

    1. Adrian,
      Hello,
      How well are their Indicators/Signals at the Finpari Platform? Or anyone else that may know, please comment. Thanks!

      Stephen

  6. Great broker. Been using it for months, never any problems with withdrawals, a solid Spot Option platform, the last one that works in the States. They get an A+

    1. Hello Jeffery are you still with Finpari. I am trying to find a good broker that offers 30-second turbos and was wondering if you have had a good experience with them.

  7. I recently traded with GOptions, another highly rated broker. I made $383 in 2 trading sessions. I started with a $500 deposit. My balance went from $500 to $243. The winning trades were ignored. When confronted they simple give me lots of red tape to deal with to prove my claim. Binary options trading is a real mine field. Be extremely careful, do not invest hugh sums of money, the broker will sweet talk you and assure you it is a great investment. They are experts at deception.

    1. I agree. I distrusted GTOptions. I used the software Snap Cash and suggested one broker: GTOptions. I found searching the internet is on a blacklist of Spain. I applied for retirement and what was I in the bill, which was 60% of the deposit before the money is lost with this software and broker. Let’s hope. But I’m also using the broker Finpari.com, and so far it has seemed good following signs of Mike Group Facebook. Let’s wait until we can make a withdrawal.

  8. Was reading Finpari has turnover requirements before you can withdraw your funds so I sent a email to support and here is the reply

    We received your email, regarding turnover requirements.
    So, to withdraw your funds you should reach certain turnover.
    For accounts with bonuses : x3 times turnover to withdraw your profit
    x20 times to withdraw your bonus.

    For accounts with no bonuses:
    100% turnover to withdraw whole balance.
    Also, you can read all this terms and conditions on our website, in user agreement.

    Regards,

    Kamilla M.
    Support

      1. Hey Max, The way I interpret the withdraw police say you deposited the minimum 250.00 with no bonus you need to show 250.00 of trading activity win or lose to qualify for a withdraw

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