Fyntura Forex broker review — Everything you need to know

Fyntura is a forex and CFDs broker that is based in the Republic of Seychelles, which makes it an offshore broker. It provides trading services globally without a license and has several accounts.

Let’s review Fyntera and assess its main features, such as safety & licenses, accounts, platforms, trading costs, profit withdrawals, support, and more.

Fyntura Overview of the website

The website of Fyntera forex broker is very simplistic and looks more like a website made on a free template rather than a professional broker’s web page. However, the user-interface is simple, and the website feels snappy, providing quick navigation around. Whenever a user clicks on a button on the top menu, the website responds instantly. This is truly effective and useful in online financial trading.

As for the website functionality, Fyntera offers a well-ordered top menu where traders can see account types, deposits, and withdrawals, and many other important pieces of information. This is crucial to define whether the broker offers suitable conditions for your trading needs.

When it comes to live chat, it is directly built into the website using a plugin, providing instant access to customer support features. The website is only available in English, which is a minor drawback here.

Fyntura Safety and Licenses

Fyntura is the trading name and website name of Fyntura Limited, which is a forex broker incorporated in the Republic of Seychelles. However, the broker is not licensed there and is not overseen by any regulatory authority. This is a critical safety flaw, and makes the broker very risky and unreliable. Fyntura was launched in 2023, meaning it had more than enough time to get properly licensed and provide reliable trading services.

Since Fyntura is not licensed, we can not verify that it truly employs segregated accounts, which is also a major security flaw.

Furthermore, Fyntura does not offer negative balance protection, meaning your account could go below zero in extreme market moves, and you might owe the broker money. This is also a major disadvantage for Fyntura’s clients, especially for beginner forex traders.

Fyntura Accounts Reviewed

Fyntura offers several trading accounts, such as zero, pro, and prime. All these accounts are also available in Islamic form, providing trading services without swaps. Let’s briefly overview each of them below to define whether the broker is competitive.

Fyntura Zero Account

Here is what this account has to offer:

• Minimum deposit – 10 USD
• Maximum leverage – 1:500
• Spreads – From 0.7 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots
• Maximum lot size – 1000 lots

Fyntura Pro Account

The pro account charges commissions but has lower spreads:

• Minimum deposit – 10 USD
• Maximum leverage – 1:500
• Spreads – From 0.0 pips
• Commissions – 2 USD per side per lot
• Minimum lot size – 0.01 lots
• Maximum lot size – 1000 lots

Fyntura Prime Account

The prime trading account is also a low-spread account dedicated to scalpers, and it offers:

• Minimum deposit – 100 USD
• Maximum leverage – 1:500
• Spreads – From 0.0 pips
• Commissions – 1 USD per side per lot
• Minimum lot size – 0.01 lots
• Maximum lot size – 1000 lots

As we can see, the broker is super competitive and offers low spreads and trading commissions. However, since it is not regulated, these claims can not be verified unless operating a live account, which is a serious drawback.

Deposit and withdrawal options at Fyntura

When it comes to payments, Fyntura advertises 0 USD fees on both deposits and withdrawals on its side. However, payment providers might apply transaction fees. The broker currently supports only crypto payments and supports BTC, ETH, USDT, and several other digital currencies. The lack of any other payment methods is a downside for sure.

When it comes to processing times, deposits are processed instantly, depending on the crypto network speed, while withdrawals are processed in 12-24 hours, which is also competitive if true. The only issue here is that Fyntura is not a licensed broker, and it only supports cryptos, making it unreliable.

Fyntura Assets — What can you trade?

Fyntura is a multi-asset forex broker as it supports forex pairs, commodities, indices, and cryptos. From commodities, only precious metals are available. There are no stocks offered for trading, which is a minor downside for this broker. Trading conditions are very competitive if we believe the broker’s claims. With 1:500 leverage, traders can control big trading positions.

Trading platforms of Fyntura

The only trading platform supported by Fyntura is the advanced MetaTrader 4 (MT4) trading platform, which is a standalone trading software. While this platform is very advanced and capable for desktop trading, the lack of an MT5 mobile app is a downside for mobile trading. The platform supports EAs and custom indicators on desktop. Mobile versions can be accessed from iOS and Android.

Education at Fyntura

Fyntura is extremely limited in educational resources. It does not offer webinars, trading courses, or video tutorials, which is a serious downside for beginner traders. From market tools, there is only a calculator offered.

Fyntura Customer Support

Fyntura’s customer support experience is provided via live chat and email. There is no hotline support option available, which is a red flag. Hiding phone numbers is usually a trait of scam brokers.

Fyntura is not a multilingual forex broker as it only provides support and a website in English.

Fyntura bonuses and promotions

Fyntura claims to offer a very flexible bonus. The 100% deposit bonus can be requested by traders who deposit at least 100 USD. The maximum bonus that traders can receive is capped at 50,000 USD. The broker promises to allow traders to withdraw any profits made using the bonus without fees or additional conditions, which is very flexible and attractive.

Is Fyntura your broker? Final verdict

Fyntura is an offshore-based forex and CFDs broker that offers competitive spreads and MT4 platform access, but lacks regulations, a negative balance protection policy, and standard payment methods. It only supports crypto payments and is not regulated, making it an extremely risky and unreliable choice for most forex traders.

FAQs on Fyntura broker

Where is Fyntura based?

Fyntura is registered in the Republic of Seychelles but operates without any regulatory oversight, making it risky offshore for brokers.

Can you withdraw from Fyntura?

Withdrawals are claimed to be processed within 12-24 hours via cryptos, but the lack of regulation and banking methods lowers their reliability.