Fintana

Fintana is a forex and CFD broker based in Mauritius and has been under FSC oversight since 2023. Fintana offers CFDS on 160+ instruments that can be traded across forex, crypto, stocks, metals, commodities, and indices. An unlimited demo account is offered with virtual funds up to $100,000.

Safety and Security

From what we can see, Fintana’s measures prioritize the security of client funds. These include segregated accounts, SSL encryption, and negative balance protection. These measures safeguard client assets and secure and separate client funds from the broker’s funds.Fintana is regulated by the Financial Services Commission (FSC) in Mauritius under license number GB23201338, which boosts security and oversight.

While the FSC is not the strictest regulatory authority compared to the FCA, FSCA, and ASIC – third-level regulation is better than no regulation at all, in our opinion.

Minimum Deposit and Account Types

Fintana has five account categories, and each is perfect for a different type of trader based on their experience, trading goals, and strategies. Let’s break it down:

Classic Account

• Spreads: Starting from 2.5 pips for EUR/USD
• Leverage: Up to 1:400 for Forex
• Minimum Trade Volume: 0.01 lots
• Swap Discounts: Available for certain pairs

Additional Perks: Free support, free trading education, negative balance protection, 100% margin call, 20% stop-out level

Silver Account

• Spreads: Starting from 2.5 pips for EUR/USD
• Leverage: Up to 1:400 for Forex
• Minimum Trade Volume: 0.01 lots
• Swap Discounts: Available for certain pairs

Free support, free trading education, negative balance protection, 100% margin call, 20% stop-out level

Gold Account

• Spreads: Starting from 1.8 pips for EUR/USD
• Leverage: Up to 1:400 for Forex
• Minimum Trade Volume: 0.01 lots
• Swap Discounts: Available for certain pairs

Free support, free trading education, negative balance protection, 100% margin call, 20% stop-out level

Platinum Account

• Spreads: Starting from 1.4 pips for EUR/USD
• Leverage: Up to 1:400 for Forex
• Minimum Trade Volume: 0.01 lots
• Swap Discounts: Available for certain pairs

Free support, free trading education, negative balance protection, 100% margin call, 20% stop-out level

VIP Account

• Spreads: Starting from 0.9 pips for EUR/USD
• Leverage: Up to 1:400 for Forex
• Minimum Trade Volume: 0.01 lots
• Swap Discounts: Available for certain pairs

Demo Account

Fintana offers a demo account. Here are the key details:

• Funds: The demo account comes pre-loaded with $100,000 in virtual funds.
• Access: Available immediately upon registration.
• Asset Access: Provides access to Forex, stocks, commodities, and cryptocurrencies.
• Duration: The demo account is unlimited.
• Leverage: The demo account offers the same leverage as live accounts.

Trading Tools and Platforms

Fintana offers a WebTrader that requires no downloads or software installations. While this seems limiting, it means that even though there’s no app, you can still access the platform on any computer or mobile device (even tablets). Here are some key features:

• Features a user-friendly dashboard with live market trends, asset prices, and customizable watchlists.
• Offers advanced, dynamic charts paired with analytical tools for in-depth market analysis.
• Includes essential tools like stop-loss and take-profit functionalities to optimize trading strategies.
• Provides dedicated customer support to assist with platform navigation and trading inquiries.

Asset Classes and Instruments

Fintana has a concentrated portfolio of asset classes and instruments that can be traded as CFDs, each with unique trading conditions. Below is a breakdown of the key asset classes available on the platform: Forex, stocks, commodities, cryptocurrencies, and indices.

Each asset class has specific leverage, spreads, and trading conditions that suit different trading strategies.

Forex

Fintana provides major, minor, and exotic pairs, which can be traded as CFDs. The leverage available for Forex trading is up to 1:400, which allows traders to control larger positions with less capital.

The spreads for EUR/USD start from 0.9 pips on the VIP account, and leverage is uniform across all pairs.

Stocks

Fintana offers access to major US companies like Apple, Amazon, and Tesla, which can be traded as CFDs. The leverage for stocks is more conservative, limited to 1:5, reflecting the lower volatility than Forex or commodities. Stock spreads typically start from 1.4 (Tesla) on the VIP account.

Commodities

Fintana gives traders access to gold, silver, and oil CFDs, with leverage up to 1:200. The spreads on commodities like gold and crude oil start from 1.4 pips. These conditions make commodity trading accessible to trade tangible assets with substantial leverage.

Cryptocurrencies

Fintana supports major cryptocurrencies that can be traded as CFDs, and the leverage for cryptocurrencies is capped at 1:5. Spreads start from 5 pips for XRP/USD and could be higher for more volatile pairs like BTC/USD and ETH/USD.

Indices

Fintana offers NASDAQ 100 (USTEC) and the Dow Jones 30 (US30), among several other popular index CFDs. Leverage for indices is capped at 1:200. Spreads for these indices start from 0.1 pips on DAX and vary according to the index.

Fees, Spreads, and Commissions

Fintana offers competitive trading fees across various account types, with no commission charged on trades. However, there are some non-trading fees to consider, such as withdrawal fees and inactivity fees. Below is a detailed breakdown of the fees for both trading and non-trading activities.

Leverage and Margin

Fintana offers different leverage options according to the asset classes, often depending on their volatility and overall risk (lower risk = higher leverage, and vice versa).

The margin required for each asset class is calculated from the available leverage. Here’s a breakdown of the leverage and margin requirements for each asset class Fintana offers.

Education and Research

Fintana has a comprehensive suite of educational tools and research resources to support traders and enhance their market knowledge. However, note that you can only access these resources and tools once you have an approved and funded account.