Does Fyntura Accept US Clients as of 2024? 

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US traders always look to trade with a suitable forex broker. The country has strict regulations in forex trading. As a result, the majority of online forex brokers do not accept US clients because they can not meet the regulatory requirements of the US authorities. High leverage and CFD trading are restricted in the USA. However, many forex traders still opt for trading CFDs with high leverage. That is why many traders settle for offshore forex brokers. 

Fyntura is an online offshore forex broker that is not authorized or regulated by any authority anywhere; so it is not under any obligation to abide by the rules guiding US-regulated brokers. In this blog post,  we will explore whether Fyntura accepts US clients, its pros and cons, and why US traders choose brokers like Fyntura.

Does Fyntura Accept Clients?

Yes, Fyntura accepts US Clients. Being an unregulated online forex broker, the broker has the flexibility to onboard clients from various locations worldwide, including the USA. Therefore, US traders are able to register for an account and trade forex and CFD trading with Fyntura.

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 

Why Do US Citizens Use Offshore Brokers Like Fyntura?

Below are some of the reasons why a US trader will choose to trade with Fyntura :

CFD trading:

Contracts for differences (CFDs) are financial contracts between a broker and a trader which allows the trader to take positions on the broker’s platform and speculate on the price direction of underlying financial assets without ownership. For example, with CFDs, a trader can make money by predicting the price direction of a company’s stock market shares without owning the company shares.

Unfortunately, the regulators officially prohibited US traders from trading CFDs. However, Fyntura gives US traders opportunities to trade CFDs from stocks, indices, and commodities.

High leverage:

Leverage is a tool that multiplies a trader’s market exposure in relation to his deposit. US traders are mandated to restrict forex leverage to 1:50 but Fyntura offers up to 1: 500. This means that with a deposit of $500; you can open positions worth $250000.

With higher leverage, there is a higher chance of making more profits provided that the market moves in favor of your position.

Low trading capital:

With Fyntura, US traders can start trading with $10 but US-regulated brokers demand a higher minimum deposit. Also, the trading fees and commissions are much lower with Fyntura than with the US-regulated brokers. Perhaps, because obtaining and maintaining a US forex broker license is very expensive.

Tax:

The United States has stringent tax laws which are almost impossible to evade. Forex traders are required to pay taxes on their profits. Trading with unregulated brokers like Fyntura makes it easier to pay reduced taxes especially if BTC is used to fund and withdraw from the trading account.

Pros and Cons of Fyntura for US Traders:

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 
  • MAM accounts are offered 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading, and News Trading 
  • Fyntura Accepts Crypto Deposits

Cons:

  • Unregulated Offshore Forex Broker 
  • Only Crypto  Deposit and Withdrawal Option 
  • Only MT4 is available. ( No other trading platforms are offered)

Which countries are restricted on Fyntura

As Fyntura is an unregulated offshore forex broker. It can onboard clients from anywhere in the world. However, due to business decisions or third-party restrictions, the broker does not accept clients from the following countries: 

Afghanistan, Belarus, Burundi, Cuba, Congo, Sudan, Sri Lanka, North Korea (Democratic People’s Republic of Korea), and Yemen or a country where such distribution or use would be contrary to local law or regulation.

Frequently Asked Questions (FAQs)

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. 

Is Fyntura Regulated in the USA?

No. Fyntura is not regulated in the USA. It is an unauthorized offshore forex broker.

Does Fyntura have any office in the USA?

No, Fyntura does not have an office in the USA. As per their website, the broker is located in Seychelles. 

Where is Fyntura located?

Fyntura is located in Vistra Corporate Sevices Centre, Suite 23, 1st Floor, Eden Plaza, Eden Island, Mahe, Republic of Seychelles

Can Americans use Fyntura?

Yes, American traders can use Fyntura. However, traders should take care while trading with unregulated forex broker

Final Thoughts :

Fyntura is a forex broker that offers online forex and CFD trading services. The broker gives access to trade with a wide range of trading instruments including forex, indices, metals, and cryptos. The broker allows almost all trading styles including scalping, hedging, copy trading, and news trading. 

Fyntura allows US clients to enjoy forex trading services on their own terms. If you like high leverage, Fyntura offers leverage up to 1:500. Traders are permitted to use any strategies including scalping, hedging, news trading, and so on. Unlike US-regulated brokers, Fyntura offers CFD trading. The broker uses the MT4  trading platform. 

Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers puts your funds at higher risks

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.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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