Finpari is a binary options broker that was started in 2014. It is licensed in the United Kingdom. The broker has gained a reputation among traders for being one of the best in the field. This is especially true because of the policy it has regarding withdrawal speeds.
Traders can receive their payouts in 1 hour if they make use of the methods supported by this feature at Finpari. This feature and many more including their support for US traders makes this broker worthy of a review. Let’s find out if it is nearly as amazing as people say it is in this Finpari Review.
Account Types, Special Features and Bonuses
When it comes to account types, Finpari has a range of 3 major types of tiered accounts as well as a special account.
- The bronze account requires a minimum deposit of $250. It provides traders with the fast withdrawal time of 1hour for payouts. Usually, you would have to wait at least a day before getting paid, so this is a huge bonus. A 20% bonus is allowed for deposits. An educational course is given to traders with video tutorials, along with electronic reading materials as well. This is the perfect account for an absolute beginner in binary options trading.
- The Silver account is one of the most commonly chosen. It is built for traders with some experience in the game. A minimum deposit of $1000 is needed for this account. 1 hour withdrawals are supported, along with educational features such as a Master Class in trading methods. There is also a guaranteed demo account for virtual trading before spending any real money. 3 risk free trades are given to traders, and protection is also present. 50% bonus is provided to new traders.
- A Gold account is the highest basic account tier. This account has all the features of the Bronze and Silver accounts, along with bonuses of up to 100%. Each trader on this account is provided with a personal account manager to offer personalized support and a prepaid trading card that is Swiss in origin. The minimum deposit for this account type is $3000.
There is also a Fixed Income account type. This has guaranteed full refund regardless of market behavior, along with a rate of return that is set before trades.
Security and Licensing
Since security is a huge focus for traders from anywhere in the world, we checked up on the security and licensing of Finpari. They aren’t currently licensed with any regulatory bodies, but they do offer some of the best site encryption we have seen. All trader funds are protected with military grade virtual security features.
Finpari makes use of the epic SpotOption trading software. This is one of the best-designed software out there. It is easy to use and to navigate through. It isn’t too flashy, and has a lot of easy access buttons on the user interface. The software is completely online with no download needed. There is a special SpotFollow feature that allows traders to engage in social trading. This means that they can follow the trades of other success stories and build their strategies based on these.
There are many trading options available including Ladder, Pairs, 60second, High/Low, One Touch and Long Term options. The expiry times on these are varied and diverse.
SpotOption also has a mobile platform available for traders on the go. This is available on iOS and Androi platforms.
Another great feature included with the Finpari platform is the Binary Options Robot. This allows traders to set autotrading if they need it. The software can make the right judgement calls for you, and is perfect for newbies who don’t have the time to learn advanced strategies through trial and error.
Deposits and Withdrawals
The Finpari platform accepts deposits and withdrawals using credit and debit cards, OKPay, Qiwi, Webmoney, Paypal and Bank Wire Transfers. $50 is the minimum withdrawal amount. A flat rate of $20 or 1% of the amount (whichever is the larger amount) is charged.
Overall, Finpari really does surprise us with its epic features and wonderful trading platform. The fact that it supports US traders as well as others from anywhere in the world makes this the obvious choice for new and experienced traders alike.