When entering the world of forex trading, choosing the right broker is crucial. One of the newer options in the market is Fyntura, which offers a range of account types, trading instruments, and services tailored to different traders.
This review breaks down Fyntura’s features and helps you decide if it’s the right fit for your trading needs.
What is Fyntura?
Fyntura, founded in 2023, is a registered broker (Registration Number 186731) based in Seychelles, with additional offices in Bangkok and Mahe. Although relatively new, Fyntura aims to provide a transparent trading experience, catering to both novice and seasoned traders. The platform offers a variety of financial instruments, including forex, metals, indices, and cryptocurrencies.
Fyntura operates as a No Dealing Desk (NDD) broker. This means that the platform doesn’t interfere with your trades, providing a fair and transparent trading environment. Additionally, they work with a broad network of liquidity providers, ensuring tight spreads and competitive pricing.
Account Types at Fyntura
Fyntura offers three different account types, each tailored to specific levels of trading experience and needs.
Zero Account
The Zero Account is best suited for beginner traders. It offers a $0 commission per $100,000 traded, making it accessible for those just entering the market. Spreads start at 0.7 pips, and you can open an account with as little as $10.
This account type is ideal for traders who want to start small and gain experience before scaling up.
Pro Account
Aimed at intermediate traders, the Pro Account offers tighter spreads, starting from 0 pips, allowing for more precise trading strategies. The commission fee is $2 per $100,000 traded, and the minimum deposit remains at $10.
This account is ideal for traders looking to refine their skills and work with tighter spreads for better trading opportunities.
Prime Account
Designed for high-volume and experienced traders, the Prime Account offers the tightest spreads, starting from 0 pips, with a commission fee of $1 per $100,000 traded. The minimum deposit for this account is $100, reflecting the higher trading volumes expected from users.
This account provides optimal trading conditions for those who regularly engage in frequent trades.
Open your Fyntura account today!
Fyntura’s Trading Platform: MetaTrader4
Fyntura uses the MetaTrader4 (MT4) platform, which is popular among traders for its user-friendly interface and advanced tools. The platform supports over 50 technical indicators, 20+ customizable charts, and various timeframes. This makes it versatile for traders with different styles, whether you’re a short-term scalper or a long-term investor.
MT4’s one-click trading feature ensures quick execution, allowing you to take advantage of market opportunities as they arise. Additionally, trailing stops help you manage your risk effectively by automatically adjusting your stop-loss levels when the market moves in your favor.
Fyntura Deposits and Withdrawals
Fyntura exclusively accepts cryptocurrency for deposits and withdrawals. While this might be a limitation for traders accustomed to traditional currencies, it ensures faster and more secure transactions. The minimum deposit is just $10, and withdrawals are processed within 24 hours, also with a minimum of $10.
Fyntura does not charge any fees for deposits or withdrawals, making the process more straightforward.
Fyntura Proof of Withdrawals
Fyntura Trading Bonuses: The 100% Deposit Bonus
Fyntura offers a 100% deposit bonus, which essentially doubles your initial deposit. For example, if you deposit $100, you’ll receive an additional $100 in trading credit. This bonus applies to deposits up to $50,000, making it a useful tool for traders looking to increase their trading margin.
However, it’s important to read the terms and conditions attached to the bonus before taking advantage of it, as bonuses often come with specific trading requirements.
Fyntura Customer Support
Fyntura provides 24/5 customer support through multiple channels, including live chat, email, and phone. This ensures traders can get help whenever they encounter an issue during the trading week. The live chat option is ideal for quick queries, while email support works for more detailed or complex questions. Additionally, users can contact Fyntura’s support team via phone, though international calling rates may apply.
Fyntura’s Introducing Broker Program (IB)
For traders or influencers looking to earn additional income, Fyntura offers an Introducing Broker (IB) program. This program allows users to refer others to the platform and earn a commission based on the trading activity of those referrals.
The IB program offers up to 40% commission, providing a potential stream of passive income for those with a network of active traders.
Sign Up for Fyntura’s Introducing Broker Program!
Is Fyntura Safe?
Fyntura prioritizes client safety by segregating client funds in secure banks. This ensures that your money is kept separate from the broker’s operational funds, minimizing the risk of financial loss due to company issues. Although Fyntura is relatively new to the market, it has made efforts to ensure a secure and transparent trading environment for its users.
Fyntura User Reviews and Ratings
User reviews are crucial for understanding the real-world performance of a trading platform. Fyntura has received feedback from traders across various review platforms, reflecting a range of experiences.
Fyntura User Reviews and Ratings on Reviews. IO
Fyntura User Reviews and Ratings on Trusted Business Reviews
Fyntura User Reviews and Ratings on BrownBook
Fyntura User Reviews and Ratings on Fx-List
Fyntura User Reviews and Ratings on Manta
Overall, Fyntura’s user reviews reflect a generally positive reception, with particular praise for its trading conditions and platform features. However, as a newer entrant in the market, some traders have noted areas for improvement, especially concerning its cryptocurrency transaction model and customer support.
Prospective users are encouraged to review these insights and consider their own needs when evaluating Fyntura.
Final Thoughts: Is Fyntura Right for You?
Fyntura presents a solid option for both beginner and experienced traders. Its range of account types, competitive spreads, and user-friendly MetaTrader4 platform make it a viable choice for traders looking for flexibility and efficiency. The 100% deposit bonus and zero-fee withdrawal structure add further value to the platform.
However, it’s important to note that Fyntura only accepts cryptocurrency transactions, which might not suit all traders. Additionally, as a relatively new broker, its long-term reliability is still under evaluation.
If you’re looking for a low-barrier entry into the forex market with advanced trading features, Fyntura is worth considering. Just be sure to do your own due diligence and ensure that its services align with your trading objectives.
