Financingfifty
Brief information about Financingfifty company
The website states that the company was founded in 2017, however, there are doubts about the company’s tenure. A search on the Internet did not reveal any mentions of the firm before 2020.
The official website claims that the broker is registered in Cyprus. Despite this, the contact phone number +44 (0) 130 23 481 is not Cypriot, but an international number. The website mentions three licensing documents, including licenses from Mauritius and Belize, which cannot be issued to companies registered outside of these countries. The lack of information about a license from the Cypriot regulator CySEC raises doubts about its existence.
Trading instruments and platforms of Financingfifty company
The list of available assets is slightly wider than average. In addition to standard instruments such as currency pairs in the Forex market, metals, stocks, indices, and energy carriers, there is also the opportunity to trade cryptocurrencies. The total number of available instruments is around 120 types.
The website presents a table with a brief description of trading conditions. It is stated that trading with micro-lots starting from 0.01 is allowed on all instruments, but the leverage is 1:500, which may entail increased risk.
Trading accounts of Financingfifty company
The company offers three types of trading accounts, each containing a minimal amount of information.
- “Starter”: opening is possible with $100. Leverage 1:20, recommended for beginners.
- “Optimal”: requires investments from $1,000, provides access to cryptocurrency trading with leverage up to 1:500.
- “Professional”: opening from $10,000. Clients are offered round-the-clock access to a personal manager and some deposit protection.
Deposits and withdrawals from Financingfifty company
Information about payment channels is not available on the website. The user agreement is presented only in English in the form of images. Processing of withdrawal requests is promised within 1-2 business days. To obtain additional data, it is necessary to register a personal account on the Financingfifty website.
Conclusion
The company provides a limited amount of information about itself and trading conditions. The lack of data on spreads, commissions, and withdrawal limits requires further clarification. It is recommended to seek advice from independent experts before deciding to cooperate with the broker.