Finpari is a newly launched binary options broker with very promising feature. Sounds impressive but does it really deliver? Let’s find out in this detailed review:
A minimum deposit of $250 is required to open an account with Finpari. This is a little close to the 43% of the brokers in the industry today that require a standard minimum deposit of $200.
The type of account and the benefits will depend on the amount that was deposited:
- Individual account manager: This person will be the one who will handle your account and other transactions.
- Withdrawals in 1 hour: This means immediate refunds
- Risk-free trades: You can get 3 risk-free trades if you’re a Gold member
Design and Layout
The overall design is the ideal layout for trading. It’s very pleasing to the eyes and has the right colors making it more engaging and more interesting to use. It loads perfectly and only takes a few seconds.
They accept the most common payment methods and this includes credit cards, wire transfers, PayPal, Skrill, WebMoney and Neteller. This gives a lot of convenience in transferring funds into the account since there are a lot of ways to do it.
32% of brokers in the market today require a minimum trade size of $25 but with Finpari, you only need to invest $1 which is a good advantage for managing the trading funds and lowering down the risks.
They have more than 150 tradable assets, which is the average total number in the market today. It’s good to know that they have covered all the 4 categories giving plenty of opportunities to make differentiated trades.
Around 12% of brokers in the industry today use the new Spot 2.0 platform and Finpari is one of them. This is one of the most advanced platforms in the market today.
After doing several tests on their platform, I never encountered any issues with the market prices that they are displaying on their interface. I’ve made several comparisons and generally, the feeds are synchronized with real-time financial data.
The maximum payout that you can get out of a regular binary option trade is 90%. This is competitively higher than what most brokers can offer. In fact 33% of the brokers today only offer an average rate of 85%.
Withdrawal Processing Time
With Finpari, processing of refunds is done in a matter of 1 hour. No other broker in the market can actually achieve this kind of speed! This is a far cry to the average waiting time of 10 days that is followed by 21% of the brokers in the market.
Withdrawal Processing Time
Even their customer service quality is way above the industry standards. They have trained their agents to provide answers in less than 45 seconds, something that most brokers can’t do. And to see if they can really achieve this, I tried contacting them several times and to my surprise, they were very consistent!
Although they belong to the 41% of brokers that are not regulated, they have actually submitted their application for a license. This is a good indication that they are serious in making business with their clients and that they will abide by the strict rules to be granted with this license.
Finpari may only be new in the business but they have actually won the approval of many traders and financial experts. Their ability to process withdrawals in 1 hour is far superior than any other broker and their excellent customer service quality has been praised by binary traders from all across the globe including those who are based in Singapore, Hong Kong, Indonesia, Malaysia and Ireland.
Finpari has only been in the industry for less than a year yet it has already made a lot of innovations that are incomparable to most brokers today. Their fast withdrawal processing time is impressive and their support quality is definitely hard to beat. Clearly, this broker is off to a good start and their features are no doubt the best in this competitive world of binary options trading.