Fyntura Review: Features, Pros, Cons, and More 2024!

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Fyntura is a forex and CFD broker that provides online trading services globally. It is an offshore forex broker located in Seychelles. The broker offers 100+  trading instruments including trading instruments, including forex, indices, metals, and cryptocurrencies. Being an unregulated forex broker enables Fyntura to offer high leverage and unrestricted trading, which are often restricted in many regulated markets. However, the lack of regulation also exposes traders to potential risks. Despite this, many traders opt for Fyntura due to its competitive trading condition, high leverage, and lower minimum deposit. 

In this content, we will analyze and review Fyntura, exploring its features, pros, and cons. We will also answer the most common questions people ask about Fyntura. By reading this review, you will gain a better understanding of whether Fyntura is the right broker for your trading needs and preferences.

What is Fyntura?

Founded in 2023, Fyntura is an online forex and CFD broker. It is an unregulated forex broker that offers 100 instruments ranging from all the major Cryptos, Forex, Commodities, and Global Indices to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of Fyntura is as high as 1:500. 

Fyntura at a Glance

Fyntura at a Glance
  • Founded Year: 2020
  • Location:  Seychelles
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None (Unregulated Offshore Broker) 
  • Trading platform: MT4
  • Account Types: Zero, Pro, Prime
  • Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
  • Payment Options: Crypto deposits and withdrawals
  • US Traders: Accepted 

Key Features:

  • Trading Instruments: 100+ trading instruments including Forex, Indices, Metals/Energy, Cryptocurrencies 
  • Trading Platforms: MT4 (Desktop, Web, Phone)
  • Minimum Deposit:  $10
  • Maximum Leverage: 1:500 ( Leverage may vary based on tradable assets) 
  • Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.7 pips for the Zero account, $2 per lot for the Pro account, and $1 for the Prime account.
  • Minimum Trade Size: 0.01 lot. 
  • Maximum Trade Size (Lot restriction per Ticket): 1000 Lots 
  • Funding Currencies: USD, EUR, GBP, CAD, BTC*, ETC*, LTC*
  • Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
  • Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
  • Trading Style Allowed: All including Scalping, hedging, News trading,  and EA Trading. 
  • PAMM/ MAM:  Available 
  • Stop Out Level (retail): 50%
  • Margin Call Level: 70% 
  • Negative balance Protection: Yes 
  • Investor Protection:  No investor protection is Available. 
  • Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. 
  • KYC Verification: Required 

Fyntura Pros and Cons

Pros:

  • Low Minimum Deposit – Starting from $10
  • Allow Crypto CFD Trading 
  • Offers leverage as high as 1:500
  • The maximum lot size is as high as 1000 lot 
  • Low commission trading commission is only $2 per 100K trading. 
  • Offers MT4 trading platforms (Desktop, Web, mobile version) 
  • Demo Accounts are Available 
  • PAMM/ MAM accounts are offered 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading, and News Trading 
  • Fyntura Accepts Crypto Deposit

Cons:

  • Offshore Forex Broker 
  • Only Crypto  Deposit and Withdrawal Option 
  • Unregulated Forex broker  

Review and Reputation on Public Domains:

Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process

Fyntura Ratings and Reviews from Trustpilot:

Fyntura has earned a rating of 4.7 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.

Fyntura Ratings and Reviews from Forex Peace Army:

Fyntura has achieved an average rating of 3.8 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

Frequently Asked Questions

Is Fyntura a Legit Broker?

Fyntura is considered a good offshore forex broker and is registered in  Seychelles. The broker offers a variety of trading instruments, including Forex, Indices, Metals/Energy, and Cryptocurrencies. However, the broker is not regulated or authorized by any regulatory authority. Due to this lack of regulation and the absence of available financial information, we do not recommend trading with Fyntura.

Is Fyntura regulated?

No, Fyntura is not a regulated broker. It is an unregulated offshore forex broker which offers restriction-free trading facilities. 

Does Fyntura Offer CFD Trading?

Yes, Fyntura offers CFD trading. CFD is a form of derivative trading that allows traders to speculate on the price movements of various financial instruments such as stocks, commodities, indices, and currencies, without actually owning the underlying asset. Fyntura provides a variety of trading CFD instruments including Forex, Indices, Metals/Energy, Cryptocurrencies.

Where is Fyntura Located?

Fyntura is located in  Seychelles.  Seychelles is the home of many offshore forex brokers. 

Does Fyntura require KYC Verification?

Yes, Fyntura requires KYC (Know Your Customer) verification. This process involves verifying the identity of its clients to comply with brokers’ requirements and ensure the security of the trading environment. Typically, this includes providing identification documents such as a passport or driver’s license, and proof of address, such as a utility bill or bank statement

Does Fyntura payout?

Yes, Fyntura does payout to its clients. Traders can withdraw their funds from Fyntura using cryptocurrencies only. Payouts are processed within 24 hours. Once processed, it can take 1-6 hours, or as soon as there are 3-6 confirmations on the blockchain before the funds will be available in your crypto wallet

Is Fyntura an ECN broker?

Yes, Fyntura is an ECN forex broker. The broker offers the Pro account and the Prime account as ECN Accounts. 

What is the minimum deposit for Fyntura?

The minimum deposit for Fyntura is $10. However, the required minimum deposit varies based on the account type. For example, the Zero account requires a minimum deposit of $10, the Pro account also requires $10, and the Prime account requires $100.

Conclusion:

Fyntura is an offshore forex and CFD broker that offers online trading services to traders and investors worldwide. The broker provides a wide range of trading instruments, including forex, indices, metals, and cryptocurrencies. The broker’s spreads start from as low as 0.0 pips. Fyntura offers high leverage (as high as 1:500 ) and a low minimum deposit (as low as $10). The restriction-free trading facilities, such as CFD trading, lower minimum deposit, and higher leverage, make Fyntura a good choice for many traders.

However, the broker is not regulated by any regulatory authorities. Therefore, do your research and ensure you are comfortable with this. We only recommend brokers regulated by the relevant financial authorities.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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