Finpari Review

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:

Advantages
1. Withdrawals in 1 hour
2. Up to 100% welcome bonus
3. Free entrance to weekly contest with the prize fund of $20,000
Disadvantages
1. Not regulated
2. Doesn’t support USA traders
3. Live chat takes longer than 45 seconds in providing answers

 

Read the Bottom Line!
 

 

(4/5)

Minimum Deposit

A minimum deposit of $250 is required to open an account with Finpari. This is the same with most brokers in the industry today.

Finpari minimum deposit

 

Minimum Deposit

EZTrader ($200)
anyoption ($200)
BDSwiss ($100)
24option ($250)
Finpari ($250)
TopOption ($100)

 

(4/5)

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.

Finpari platform design

(5/5)

Banking Methods

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.

(5/5)

Minimum Trade

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.

 

Minimum Trade

EZTrader ($25)
anyoption ($25)
BDSwiss ($5)
24option ($24)
Finpari ($1)
TopOption ($5)

 

(5/5)

Available Assets

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.

Finpari assets

 

Available Assets

EZTrader (91)
anyoption (97)
BDSwiss (68)
24option (104)
Finpari (151)
TopOption (180+)

 

(8/10)

Trading Platform

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.

Finpari platform

(8/10)

Quotes

After doing several tests on their platform, I encountered slight delays with the market prices that they are displaying on their interface. In most cases though, the feeds are synchronized with real-time financial data.

(10/10)

Payout Rate

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%.

Finpari payout rate

 

Payout Rate

EZTrader (81%)
anyoption (75%)
BDSwiss (85%)
24option (88%)
Finpari (90%)
TopOption (85%)

 

(10/10)

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.

Finpari withdrawal processing time

 

Withdrawal Processing Time

EZTrader (Up to 7 days)
anyoption (Up to 7 days)
BDSwiss (Up to 7 days)
24option (Up to 3 days)
Finpari (1 day)
TopOption (Up to 7 days)

 

(6/10)

Customer Service

Their customer service quality is around average. On the live chat, they promise to provide answers in less than 45 seconds but based on the tests done, they actually take much longer.

(0/10)

Regulation

As of this writing, Finpari is not regulated with any financial body. That means they are not monitored for their transparency.

(8/15)

Brand Reputation

Finpari became popular due to their ability to process withdrawals in 1 hour but when it comes to providing the best trading conditions and customer service, they seem to be left behind.

Our verdict (74/100)

Finpari’s withdrawal processing time is impressive but other than that, their features are basically the same as what most brokers have. In this competitive world of binary options trading, it would be wiser to be with a broker that is regulated, reputable and has more to offer.

We highly advise that you register with a more established binary options broker such as 24option for a more rewarding and secured trading experience.
Read 24option Review! ►

8 Responses

  1. Michael A
    Michael A at |

    One of the reasons why I signed-up with Finpari is that they support Paypal. It’s rare to find a broker that supports this payment method. I deposited 250 usd and the funds were transferred in less than an hour.

    Reply
    1. Simon Quinn
      Simon Quinn at |

      Same here. It’s also nice to know that they won’t charge you with any transfer fees.

      Reply
  2. Willard King
    Willard King at |

    Withdrawing money was indeed faster with Finpari compared to other brokers. I was able to get the funds back on my Visa credit card.

    Reply
  3. Paul Pagé
    Paul Pagé at |

    Do you accept canadian traders?

    Reply
  4. Liam Edmunds
    Liam Edmunds at |

    Finpari do have a very good platform with a very dedicated support staff that will help you in times of need.

    Reply
    1. Sam McDonald
      Sam McDonald at |

      They are indeed very prompt in replying to calls and emails sent to them. You may immediately see that they are working really hard to give you results.

      Reply
  5. Carl Alsop
    Carl Alsop at |

    Finpari have this trading contest going on right now, it is with regards to 40 up players with highest number of trades.

    Reply
  6. Gordon Carr
    Gordon Carr at |

    Finpari is one trusted brokers with a lot of positive reviews and I attest that this broker have a high dependability rate from most of its traders.

    Reply

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