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Fundiza Ltd is a brokerage service provider with a registration number 25770BC2020 and a trading website fundiza.com. The company is based in St. Vincent & Grenadines at the address Victoria Park Road, Kingstown, St. Vincent & Grenadines, Kingstown P.O. Box 4457. In this Fundiza review, we’ll cover everything you need to know about this broker.
Fundiza’s website looks quite different from the traditional online broker. It doesn’t present market news or tickers; its homepage only has a description of the broker and physical address, registration, and licensing. At the bottom of the page, visitors will find links to all the policies and legal documents. The Footer section displays investment and trading, such as complaints, refunds, and so on. Such an open approach is novel in the brokerage industry. Usually, brokers conceal any information associated with their liability.
Thanks to it, Fundiza is gaining a positive reputation and trust. Having positive feelings is the first step to engage with a financial broker. However, there are more virtues Fundiza can recommend.
The website is very well designed. It provides precise information about the broker, and its services, assistance, and the trading platform they provide.
The company uses the MT5 platform with outstanding trading possibilities and technical analysis tools. It manifests the broker’s commitment to its client and a technologically advanced mindset.
Based on the tools Fundiza offers, beginners could undoubtedly do well.
However, the broker seems more suitable for intermediate and advanced traders due to the high minimum investment it requires.
Fundiza only offers the website and support for the service in English. Considering that the broker is new in the industry, that could change soon.
Let’s take a more in-depth look at the Fundiza review.
Regulations & Licenses at Fundiza
The platform offers a wide number of assets. One of them is a forex, trading major, minor, and exotic currency pairs. The platform has gold, silver, and other precious metals, as well as commodities like crude oil, wheat, sugar, and corn. Besides, the broker offers 300 different shares and more than 40 significant indices.
Furthermore, leverage is as high as 400:1. However, the use of such a high ratio is not recommended for traders with little experience with the market.
Fundiza provides four types of trade orders: market orders, limit orders, stop-loss orders, and trailing stop orders.
The platform additionally provides alerts and notifications.
Opening an Account with Fundiza: Hard or Easy?
Opening an account with Fundiza is very simple. It provides a three-step registration process.
The first step includes the necessary information for trading such as name, email, number, country, and referrals. The latter is essential.
The referral box in the registration signifies that there are bonuses upon registration. They don’t hesitate to show appreciation to their loyal customers. That’s a massive plus for a broker.
If you attempt to fill in false information, you are sent to the referral desk. It shows how excellent the company’s customer service is.
The second step is the deposit requirements section. You put in your payment information and the selection of the trading level.
The third step is the trading step. You only need to download the trading platform and start trading. However, the trading platform is not available in every country. It is open to European countries, Asia, and most of the Middle East except for the US, Syria, Iran, and North Korea.
Costs and Spreads
Fundiza has very reasonable costs and spreads. The fixed spreads make the broker one of the best in the industry. The best spread you can get on major forex pairs is as low as 0.1 pips. The average spread is 0.3 pips. It is still quite competitive since you usually don’t get spreads that low, nothing to say about 0.1 pips.
As we already mentioned in this Fundiza review, the initial deposit on Fundiza is ranging from $5,000 and levels up to $1 million or more.
The good thing is that Fundiza does not impose any deposit or withdrawal fees. Still, terms and conditions indicate commission charges and other fees. Those paragraphs show that the broker deducts unimplemented and uncompleted shares in the trading process. Or it cuts reserved shares or contracts the client’s trading account, which is equivalent to 1% to 5%. You can read about them in detail on the broker’s website.
Fundiza does not impose deposit or withdrawal fees. However, it does not mean that third-party providers might not impose their taxes.
Fundiza accepts bank transfers, electronic payment channels, and credit and debit cards. Bank transfers take one business day to process, and withdrawals take from three to five business days. The broker also provides a list of approved banks.
Credit and debit card deposits are accessible within minutes, and withdrawals take less than one business day.
Fundiza review: Account types
Fundiza offers several account levels. They differ from one another based on the amount of a client’s deposit. Benefits are increasing on each level.
Level 1, Rookie, is the lowest level the broker offers. The minimum deposit here is $5,000. The level futures MT5 trading platform, with a mobile version available. The minimum requirement for the lot size is 0.01 lots for this level. It has an account manager and is supported for 24 hours. It’s worth mentioning that customer service is available on weekdays, except for weekends, since there is no weekend trading. You can contact the support team by phone, email, or online chat. The customer support staff seem professional, and they provide all the information about the platform and services.
Level 2, the Basic level, requires front money of the amount of $25,000. The level offers the same features as level 1. However, it gives a customer the ability to trade far more assets.
Level 3 is the Premier level. At this account, the minimum deposit is $50,000. Besides the features offered in previous levels, this Premier level offers an economic news feed as well.
Level 4, the Elite level, requires a minimum deposit of $100,000. At this level, customers get all the features mentioned above. Also, the account offers a technical analysis of the markets.
Level 5 is the Elite Plus level. The minimum deposit on this level is $250,000, offering the same features as the previous account. Compared to the rest of the last levels, Elite Plus offers a huge difference.
Level 6, the VIP level, is the top level. The account is for ultra-wealthy clients, with a minimum deposit of $1 million. Besides all the features mentioned above, the account offers, VIP clients receive all help they might require from the broker.
Currently, Fundiza does not offer a demo account.
Education and training at Fundiza
Fundiza review: Conclusion
Thanks to its transparent approach and clearly presented services, Fundiza is rapidly gaining a good reputation. Online reports also prove it.
The broker is focused on experienced traders; thus, its minimum deposit requirements are high.
The vast array of currencies, commodities, and equities confirm the experience the trader has.
MetaTrader 5 platform, with transparent pricing and excellent customer Support, makes Fundiza a perfect choice for traders.
We hope that you have found this Fundiza review helpful! Make sure to find additional information on the broker. Have fun and good luck with trading!