Finteria is a legally registered binary options broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Finteria accepts clients from all over the world, excluding USA, UK, EEA countries and some other jurisdictions where binary options trading is prohibited.
Binary options broker offers the following underlying assets for trading.
|30+ Currency Pairs||Based on major world currencies.|
|18 Crypto BOs||Based on Bitcoin, Ethereum, Ethereum Classic, Cardano, Algorand, Cosmos, Avalanche, Dogecoin, Polkadot, Chainlink, Litecoin, Matic, Near, Solana, Tron, Uniswap, Monero, Ripple.|
Finteria is a binary options broker registered in Saint Vincent and the Grenadines, a popular offshore jurisdiction where forex and binary options brokers are not regulated by the government.
The main thing that makes Finteria stand out from other binary options brokers we have reviewed here on FX-List is that this broker has a strong focus on crypto. It offers deposits and withdrawals in crypto, and also has a number of crypto assets available to trade binary options on.
Due to strict regulations on binary options trading in Europe and the US, Finteria is unfortunately not available to residents of any EU and EEA countries, the UK, and the US.
In terms of trading platforms, Finteria has developed its own option called the Finteria Trader, which is available as a web-based platform, a downloadable desktop app, and as a mobile app for Android devices. The platform is beginner-friendly and extremely easy to use. In essence, all a trader needs to do on the platform is to make a guess about whether a given market will move up or down by clicking on buttons marked “HIGHER” or “LOWER.”
In our opinion, trading doesn’t get much simpler than that.
The trading platform further allows traders to choose between the built-in chart or TradingView charts, which have also been integrated in the platform. Naturally, the TradingView chart offers far more choices when it comes to technical analysis tools and indicators, and this is therefore probably the best option to go with for experienced traders.
The underlying assets that Finteria supports for binary options trading includes a number of the most popular forex pairs, as well as a selection of the largest cryptocurrencies traded against the US dollar.
The broker claims on its website that it also offers commodities as underlying assets, but they were nowhere to be found within the actual trading platform at the time of this review.
To start trading binary options with Finteria, new clients first need to deposit some money. For crypto users, the most convenient way to do this is probably to just make a crypto transaction to the wallet address provided by the broker.
For those who don’t already hold crypto, a third-party solution can be used to first buy bitcoin or another crypto with a fiat currency, and then send the crypto to the broker. The payment method used to buy crypto through these providers is then generally a bank card from Visa or MasterCard.
The minimum deposit to begin trading with Finteria is $10, but if depositing with a bank card the minimum deposit amount is $30.
One thing that is important to note is that Finteria states on its website that it is optional to go through KYC (know-your-customer) checks, but later adds that it is necessary to do this before making a withdrawal. Those who can’t or don’t want to go through KYC procedures should therefore definitely not trade with this broker.
In sum, we see Finteria as a decent choice for traders who want to trade binary options with a crypto-friendly broker. Keep in mind, however, that this broker is completely unregulated, which could lead to issues when the time comes to withdraw profits. As always, money should only be deposited with a broker after first doing thorough research and due diligence.