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.
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:
- Fundamental Analysis – Daily reports of market trends including forecasts the awareness of which is necessary in order to trade successfully.
- Technical Analysis – Daily explorations regarding the behavior of different assets from a technical standpoint, including forecasts.
- Market News – All the relevant news which may hold an effect on the market provided in one place.
- Expert Commentary – Reports by professional analysts.
- 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).
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 (firstname.lastname@example.org) 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.”
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!