REVIEW - Fundiza Broker for Forex, Commodities & Stocks

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Overview

• Broker Name: Fundiza Ltd
• Broker Type: Forex, Commodities, Stocks
• Country: Vincent and Gredaines
• Operating Since (Year): 2019
• Address: Victoria Park Road, Kingstown, St Vincent & Grenadines, Kingstown POB 4457

Customer Service

• Phone: +1-(888)-964-7227
• Email: [email protected]
• Languages: English
• Availability: Monday to Friday

Trading

• Trading Platforms: MT5
• Demo Account: Yes
• Mobile Trading: Yes
• Web-based Trading: Yes
• Other trading instruments: Indices, Shares

Account

• Minimum Deposit ($): $5,000
• Maximum Leverage: 400:1
• Scalping Allowed: Yes

General Information

Though relatively new in the overall market, Fundiza has made quite an impact already. They have been around since 2019 and are registered at Victoria Park Road, Kingstown, St. Vincent & Grenadines, Kingstown P.O. Box 4457. Their registration number is 25770BC2020. Fundiza’s openness and easy access to registration and licenses create a strong bond of trust with the broker from the start.

Their terms and conditions are attached at the footer of the website, listing everything that the trader needs to know from the start. Per the document, both the company and traders have a good amount of responsibilities and liabilities, creating mutual workflow and dependability. This is rare to see among brokers as they usually prefer to put all the liability on the users.

All of their policies can also be found at the footer, such as complaints, refunds, and so on. Fundiza creates a very strong feeling of trust due to the transparency of their files and policies. Shockingly enough, a lot of brokerages avoid posting their legal documentations online due to incriminations. Fundiza is very open with their legal position; thus, we are giving them a thumb up for that. But that’s not the only thing that we liked about them.

Opening an Account with Fundiza Broker

Some brokerages make the process of opening accounts a little more complicated for no reason, which creates a lot of mistrust with the company. So, here are the steps shown in detail to give you the broker's simplified process for opening an account:

Step 1: Register Account

Fundiza provides a three-step registration process. It’s as simple as you read it. The first step is the basic information for trading – name, country, email, number, and referrals! Though the beginning of the list seems quite basic, the last box is very important.

The referral box in the registration means that there are bonuses upon registration. This a huge plus for the broker as they don’t shy away from showing gratitude to their loyal customers. If you are loyal and bring another customer to the team, you will get a bonus for this.

If you try to put in fake information, you are sent to the referral desk. This shows how good their customer service is, as they automatically want to help you out if you made a mistake or misunderstood the question. That’s another thumbs up.

Step 2: Deposit Funds

For the funds’ deposit step, you fill out very simple information: your payment information and the choice of the trading level. The size of your deposit defines the trading level.

Step 3: Trade Instantly

Now all you need to do is download the trading platform and begin trading. No extra complications for no reason, rather they make it even easier for their customers by automatically transferring them to the referral desk to get help instantly.

Though keep in mind that some countries are restricted from trading on this platform. Fundiza decided to keep its list short and make its platform inclusive to almost every country in the world. This is also a plus because the more traders there are, the higher the leverage. Restricted countries are the following: USA, Iran, Syria, and North Korea. Yes, that’s it. A very short and precise list, open to all of Europe, Asia, and most of the Middle East.

Trading Conditions Provided by Fundiza

What are the trading conditions offered by Fundiza?

They make it quite easy to find all of the information online. According to their homepage, these are their advantages:

• Secured Funds – They provide multi-level SSL encryptions. They work with their affiliate financial institutions to provide extra security to their clients’ funds.
• Instant Market Access – The market is available 24 hours and 5 days a week, from any device across the world. There are no restrictions as to where, how, and when you want to trade.
• Cross-Asset Trading – You will gain access to a lot of assets on their platform, such as forex, spot, indices, and so on
• Clear Fees – They are not trying to steal from you. They tell you exactly what the fees are and how much they are going to be. There are no later added on fees to increase their profits. They are crystal clear with how much they charge you from the start.
• Flexible Leverage – Fundiza offers leverage as high as 1:400. But be careful not to trade with high leverage unless you know how it works, as often it comes out to being quite bad for your profits
• 24/5 customer service – Is this the most important thing on the list? No, but it makes a huge difference. Hopefully, you won’t need to contact them at all, but if you do, it’s good to know that they are available to talk to during any trading hours. You never know when you might need help, and they are always there for you.

They offer quite a range of trading instruments and security, as well as good customer support and great maximum leverage. Though this list does not make them the only broker in the world, they definitely offer conditions worth trusting.

Trading Platforms

One downside to Fundiza is that they only offer to trade on the MT5 which makes it a little limiting to traders since not everyone is a fan of this platform.

The MT5 offers multi-asset trading, with up to date account information and flexible widgets. You can customize it as you want and create the perfect interface for you. Another huge plus for the MT5 is that it is available on all of the devices. Though the MT4 is as well, it has been known to crash during trades. The MT5 is more stable, as some say.

Account Types

There are a lot of different account types on Fundiza, making it accessible to most traders online. Though the prices might seem a little steep, think of the quality, not the quantity. As it usually is, the higher the level of the account, the more perks that come with them.

• Rookie – As the name suggests, this is the lowest tier account. It only requires a $5k deposit, and offers a 0.01 min lot size, floating pip, MT5, mobile trading, Islamic account, account manager, and 24h dedicated support. The overall list is quite basic.
• Basic – The basic one is a little more advanced, with the minimum deposit standing at $25k. They offer the same conditions as the rookie one, but you can access a lot more assets with this type of deposit.
• Premier – The premier account is quite steep, with a $50k minimum deposit. The conditions are the same, but they will additionally receive economic news on top of everything else. It seems like a good deal, though for this much money, you might expect a little more.
• Elite – This is where the accounts get serious. The minimum deposit for the elite member is $100k, with all the conditions mentioned above, together with a fixed bid/ask difference and technical analysis.
• Elite Plus – For the elite, plus, you would have to pay $250k and receive the same type of conditions as the elite. Again, here the difference is in the number of profits you want to reach. The higher the deposit, the more profits come in.
• VIP – The VIP member is quite rare, as the deposit requires $1 million. For these types of accounts, you need a lot of maintenance. So the fact that they provide all of the help you might need is important.

Conclusion — Fundiza Deserves Thumbs Up

Overall, Fundiza is a good brokerage company and that they deserve our trust. Though there are some issues, they are no different from what you usually come across with brokers.

Users are happy with the conditions provided by Fundiza. It is obvious they truly care about their traders and are willing to give them all the best they can.

Reprinted from financebrokerage, the copyright all reserved by the original author.