What is FINOWIZ?
Broker overviewFINOWIZ is an ECN / STP / Micro / Demo forex broker founded in 2020 and based in United Kingdom. It offers forex currencies, crypto, commodities, indices, stocks on MetaTrader5 for Android, iPhone, iPad, and Windows.
FINOWIZ is regulated by FINOWIZ has no valid regulations. Its listed office is 130 Old St. London, EC1V 9BD, England..
This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the FINOWIZ bonus offers, and who the broker suits best.
- ✓Regulated since 2020 by FINOWIZ has no valid regulations, with segregated client funds.
- $Cost to start: $20 minimum deposit and spreads from 0.2 pips.
- ⚡Flexible trading: leverage up to 1:500, hedging, scalping and news trading allowed.
- %Bonus: 50% welcome bonus, no no-deposit bonus.
Our short verdict
FINOWIZ stands out for its FINOWIZ has no valid regulations licence, an affordable $20 minimum deposit and tight spreads from 0.2 pips. The main thing to watch: no Islamic (swap-free) accounts.
More about FINOWIZ
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Is FINOWIZ safe and regulated?
FINOWIZ is supervised by 1 authority. Our listing shows these licences:
| Regulator | Region | What it means for you |
|---|---|---|
| FINOWIZ has no valid regulations | — | Licence listed for this broker. |
Client money is held in segregated accounts, separate from the company's own funds. Before you sign up, check which FINOWIZ company will hold your account, because protection levels can differ between regions.
FINOWIZ account types and trading conditions
These are the main trading conditions listed for FINOWIZ. It offers mini, VIP, managed accounts.
| Feature | FINOWIZ |
|---|---|
| Minimum deposit | $20 |
| Minimum spreads | 0.2 pips |
| Max leverage | 1:500 |
| Execution | ECN / STP / Micro / Demo |
| VIP accounts | Yes |
| Mini accounts | Yes |
| Swap-free (Islamic) | No |
| Managed accounts | Yes |
| Free demo account | Yes |
| Strategies allowed | Hedging, scalping, news trading |
FINOWIZ trading platforms
FINOWIZ supports MetaTrader5 for Android, iPhone, iPad, and Windows. MetaTrader 5 adds more timeframes and better access to stocks and other non-forex markets.
Web and mobile trading
Web trading: Yes. Mobile trading: Yes. Markets available: Forex Currencies, Crypto, Commodities, Indices, Stocks. The website is available in English.
FINOWIZ deposit and withdrawal methods
FINOWIZ accepts these deposit methods:
- Visa
- MasterCard
- Bank Transfers
- WireTransfer
Withdrawals use the same methods as deposits.
Accounts can be held in USD, EUR. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.
FINOWIZ bonus and promotions
These are the promotions listed for FINOWIZ:
Promotion offered by FINOWIZ. Check the broker's terms for trading volume and withdrawal conditions.
FINOWIZ's welcome offer for new clients. Check the broker's terms for trading volume and withdrawal conditions.
FINOWIZ no deposit bonus: FINOWIZ does not offer a no deposit bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.
FINOWIZ pros and cons
Pros
- Regulated by FINOWIZ has no valid regulations (since 2020)
- Affordable $20 minimum deposit
- Spreads from 0.2 pips
- MT5 trading
- Hedging and scalping allowed
- News trading allowed
- Mini, VIP, managed accounts
Cons
- No Islamic (swap-free) accounts
- No no-deposit bonus
- Very high 1:500 leverage greatly increases the risk of loss
How to open an FINOWIZ account
- RegisterClick "Visit Broker" and fill in your name, email, country and password.
- Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
- Choose an accountPick the account type, base currency and leverage that suit you.
- Fund and claim the bonusDeposit from $20 and opt in to the promotion if your region qualifies.
- Start tradingLog in to MT5. Practise first on a free demo account.
FINOWIZ customer support and contact
These are the contact details we have on file for FINOWIZ:
FINOWIZ review FAQ
Is FINOWIZ a regulated broker?
What is the FINOWIZ minimum deposit?
Does FINOWIZ offer a no deposit bonus?
What is the maximum leverage at FINOWIZ?
Which platforms does FINOWIZ support?
Is FINOWIZ good for beginners?
Final verdict: should you trade with FINOWIZ?
FINOWIZ scores 4.1 out of 5 in our review. Its strongest points are its FINOWIZ has no valid regulations licence, an affordable $20 minimum deposit and tight spreads from 0.2 pips. Keep in mind: no Islamic (swap-free) accounts; no no-deposit bonus.
If your main goal is a free no-deposit bonus, FINOWIZ is not the right fit. Compare it with other options on our best forex brokers page before deciding.