Finpari is a relatively new binary options broker that operate under a Seychelles based financial services company called Lerona Impex SA. They also maintain an office branch at Aberdeen, Scotland. Finpari may be a new broker but the quality of the customer service it offers is similar to other established brokers that have been in the industry for many years. Founded in 2014, Finpari focuses on providing trading services to Russians and Asians.
It has managed to attract a lot of customers due to the high quality customer support as well as reliable trading platform. Finpari offers more than 180 assets in 4 different categories including forex, commodities, indices, and stocks.
Types of Options
Finpari offers several types of options including standard call/put options, pairs, long term, sixty seconds, one touch, and ladder. The standard call/put options allows traders to receive a maximum payout of up to 83%. The long term option lasts for 2 – 7 days. The sixty seconds options has an expiry time that last from 60 seconds to 5 minutes. The One Touch option offers a maximum payout of 500%. In pairs options, you compare the performances of two assets and predict which one will be the winner by the expiry time.
Finpari Trading Platform
Finpari offers a Spot 2.0 web platform for traders so there is no need to download any additional software. The SpotOption platform has a good reputation for offering accurate data from the market. The time zone displayed on the platform is GMT. The web trading platform has an easy to use interface that allows traders to conveniently place trades. The Spot Follow feature allows you to follow the trading strategies of thousands of expert binary options traders and get the same potential payout as them. The Rollover tool lets you extend the expiration time while the Double Up tool lets you double your position. It supports non stop trading for certain types of assets during the weekends when the markets are not opened.
Binary Option Robot
The web trading platform at Finpari is integrated with Binary Option Robot to enable you to carry out automated trading without having to manually place the trades. The entire platform is completely customizable according to your trading style. This makes the platform suitable for both newbies and professional brokers. Binary Option Robot offers a variety of signal providers including Pro Trader Mircea, Pro Trader Sergly, Pro Trader Katarina and MT4 Algo. You can choose from 3 expiry time frames including daily, weekly and monthly. The Binary Option Robot also let you customize your trade options such as daily stop loss, trade amount, max daily trades, reverse trading, assets and currency pear.
Finpari also offers mobile platform for traders who want to access their trading accounts via Android, or iPhone smartphones. The mobile platform supports the same trading instruments just like the web platform.
Types of Trading Accounts
Finpari offers three different types of accounts including Bronze, Silver, and Gold. The Bronze account is for traders who want to invest an amount in between $250 – $1000. Traders who sign up for the Bronze account will be rewarded with 20% welcome bonus. For example, if you deposit $250, you will see $300 in your account. The Silver account is designed for traders who want to invest in between $1000 – $2999.
Silver account holders will get a 50% welcome bonus credited into their accounts. The Gold account is for those who intend to invest a capital of $3000 – $50,000. Traders who signed up for Gold account will be rewarded with 100% bonus. Both Silver and Gold accounts will have access to features such as first 3 risk free trades, master class and trading protection. Gold account holders will also get a Swiss prepaid card and be assigned with a private account manager. You can contact the private account manager and get help on managing your Gold account.
Besides, Finpari also offer Fixed Income Account (FIA) account for activate clients. The FIA account has a minimum deposit between $500 – $50,000. Customers who signed up for the FIA account will get 10% of their investments in return every month. The funds invested will be overseen by the Finpari trading department. Both the capital and returns can be withdrawn within 1 hour. For the profit withdrawal, you have to make sure you reach the turnover. There is a minimum requirement that traders must invest the funds for at least 1 month before they can withdraw the returns. The FIA account did not impose any limit on the maximum amount of funds you can invest. Demo accounts are available for traders who want to test their trading skills on the platform.
Finpari offers 24/7 customer support via live chat, email, and telephone number. They provide toll free telephone number support for USA and Russia. They also provide telephone customer support for other countries including USA, Russia, Hong Kong, Thailand, Singapore and Australia. The website offers multilingual supports on several types of languages including English, Russian, and Thai. Everyday, more than 10,000 transactions are being processed at Finpari. All your trading transactions are protected with a secure SSL encryption system so you don’t have to worry that your sensitive information will be tampered by the third parties.
Education Center and Resources
The education center features 8 video tutorials and courses that are prepared by a professional trader. Beginners can read the tutorials and start learning to trade quickly. Professional traders can take advantage of the advanced tutorials to improve their trading strategies. Finpari offers free binary trading course by a professional trader called Abe Cofnas. The FAQ section answers all the questions traders usually have.
Finpari supports credit card and bank wire for deposit/withdrawal. In addition, they also support a lot of third party processor payment methods such as WebMoney, QIWI wallet, OKPay, Perfect Money, Neteller and Paypal. Finpari is a trustworthy broker because they accept Paypal, which allows you to perform chargeback in case anything happen with the transaction. Finpari allows traders use Bitcoins as a deposit/withdrawal method. The funds you deposit will quickly appear in your trading account as soon as you have received a confirmation.
You must remember to prepare identification documents when submitting a withdrawal request. The withdrawal request is usually processed in a period of 1 hour. Sometimes, it can take longer for the customer support to verify your withdrawal request.
For example, your withdrawal request will take longer time to process if you did not submit the necessary documents. There is a minimum withdrawal amount of $50 for account without bonus. If you want to withdraw the bonus from your account, you must make sure that you have reached 300% in the deposit amount. You can contact the customer support at anytime to cancel a withdrawal.
Is Finpari Good or Bad?
In conclusion, Finpari is a new binary options broker that offers similar features in their trading packages just like other established broker. Finpari accepts traders from most countries around the world. They are one of the brokers that accept US traders.
They offer exceptional welcome bonuses and high payouts for traders. Another advantage is that they only require a small minimum deposit for trading. The user friendly trading platform offers a wide selection of options to choose from.