2020 Fundiza Review– A Broker Worth the hard-earned coin?
Traders, fancy meeting you here! Welcome. We are glad that you have joined us today because we have read various sources to create a review for Fundiza for you! This review will give you an overview and allow you to decide if they are right for you. Let’s dive in.
The Basics – Fundiza
Although they are new to the market, Fundiza has already left its mark. They were established in 2019 and became registered at Victoria Park Road, Kingstown, St. Vincent & Grenadines, Kingstown P.O. Box 4457. The registration number is 25770BC2020.
Their transparency and effortless registration and licenses allowed them to form a solid connection and credibility with the broker initially.
They have their terms and conditions enclosed on the footer of their website. There, one can find all the vital information. According to their conditions, the company and traders have a decent number of obligations and duties, helping create mutual reliability and trustworthiness. This sort of relationship is not common as brokers often like to dump the responsibility on their users. But not Fundiza!
Fundiza provides all of its policy in the footer, including information about refunds, grievances, etc. This sort of openness helps foster a feeling of trust and respect from users. Quite often, brokers tend to leave out such important details, to hide previous incriminations. This leaves users with an uneasy feeling. However, Fundiza is quite the opposite. They are extremely transparent and unafraid to share their true colors. For this reason, we give them a thumbs up! But that is not the only positive element of Fundiza.
Although creating accounts with brokerages is usually quite straightforward, we would like to give you a short lesson so that we can give you our firsthand experience. Often, brokerages tend to make this process more complicated than it needs to be. Such an approach leaves users with a lot of confusion, uncertainty, and skepticism. Thus, to get a better idea of the brokerage, we like to go through the process ourselves to give you the best possible summary.
Step 1: Registering
The registration process with Fundiza is three steps. Yes, just three steps. The initial step consists of providing basic information required for trading. Such elements include your name, email, phone number, country, and any referrals. Although this information may seem simple, the last part is quite important!
From what we know, a referral box during registration essentially shows that bonuses are present while opening an account. This means that if you are a loyal customer and recommend another customer, you will receive a bonus. This is a massive benefit for the broker because this simple factor shows their appreciation for loyal clients. From what we can see, this is a serious advantage.
Another plus we were able to identify was that if you enter fake information, you are automatically redirected to the referral desk. This a serious plus because this shows how serious and well organized their customer service facilities are. If you make any mistakes or are uncertain of what you are doing, they will be by your side to help you through the process.
Stage 2: Deposit Funds
For this step, all you need to do is put in your payment information and deposit your money. You decide how much to deposit, and then you are given a tier of the accounts. So depending on the money you put in, you will be added to the level of trader starting from Rookie to VIP. We will discuss this thoroughly in the next section.
Stage 3: Trade
Now all you need to do is trade. The registration was pretty simple and fast. It’s important to consider how much information the trader takes from you initially. More information might seem more trustworthy because usually, brokerages don’t need that much information from the start.
The following countries can’t trade with Fundiza: USA, Iran, Syria, and North Korea. The list is short and precise, including the countries which generally have trading restrictions as it is. So, we are happy to see Fundiza include such a huge chunk of the world to their family.
Trading Platforms at Fundiza
Once you register at Fundiza, you will have to download the MT5 trader. Though it might seem to limit too many traders because the most popular platform is MT4, the MT5 provides a lot more flexibility. You can add the widgets of your choice and optimize them as you wish. The interface is all up to you – you want to have 12 charts? Go ahead and have them. Though we don’t recommend it, as it can get quite confusing.
Trading Conditions Offered by Fundiza
The following list includes are the conditions offered by Fundiza broker:
- Cross-Asset Trading – Fundiza offers a lot of assets on its platform, such as currencies, commodities, indexes, and so on.
- Clear fees – They tell you what the fees are from the start. They know exactly how unnerving it can be to find out that you have more fees to pay at the end. So, they make it crystal clear how much you need to pay. They are not trying to steal from you, and they want to make sure you know that.
- Flexible leverage – The maximum leverage offered by Fundiza is 1:400, which gives you a lot of flexibility to choose the leverage of your choice. This is very important as flexibility allows you to choose your profits and losses, though be careful. As the profits get bigger, conversely, the losses increase too.
- Secured Funds – Fundiza made sure to protect your funds and thus they got an affiliate payment service that provides a multi-level SSL encryption
- Instant Market Access – The market is available 24 hours and 5 days a week, making it accessible to everyone all over the world. It seems quite fitting for such an international brokerage.
- 24/5 customer service – Their customer service allows you to get in touch with them via chat, web, or phone – an option for any kind of trader, introvert or not.
The conditions offered by the brokerage are quite great, though not outstanding. The biggest plus is that they have very flexible leverage, allowing you to increase your profits by 400. But as we said, you need to be careful with the leverage. Make sure you know how to trade with it before you commit to the maximum.
Account Types Available with Fundiza
You have an option to choose your account from a choice of 6 different accounts: Rookie, Basic, Premier, Elite, Elite+, and VIP. The biggest differences are the size of the deposits.
- Rookie – 5,000 USD
- Basic – 25,000 USD
- Premier – 50,000 USD
- Elite – 100,000 USD
- Elite Plus – 250,000 USD
- VIP – 1 million USD
All of the accounts offer: 0.01 min lot size, floating pip, MT5, mobile trading, Islamic accounts, account manager, and 24h dedicated support. The advanced trading, starting from the premier account, also receives economic news, fixed ask/bid difference, and technical analysis.
Fundiza Review Conclusion – is it Worth the Deposit?
We are very happy with the broker, so we do consider them to be worth the deposit. Though the money might seem like it’s a lot, in reality, you get more than you deposit. So depending on how much profit you want to make, you can deposit the respective amount.
We are confident that Fundiza is a trustworthy broker, and that you will be satisfied with the quality of trading. Leave a comment below with your experience with Fundiza so we can get your perspective on them as well. We hope you enjoyed our perspective and – good luck, trading!