Fundiza Review 2023 Update – Is it Worth the Money?
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General Information |
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| Broker Name: | Fundiza Ltd |
| Broker Type: | Forex, Commodities, Stocks |
| Country: | Vincent and Gredaines |
| Operating Since (Year): | 2019 |
| Regulation: | N/A |
| Address: | Victoria Park Road, Kingstown, St Vincent & Grenadines, Kingstown POB 4457 |
| Broker Status: | N/A |
| 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 |
| Bonuses: | N/A |
| Other trading instruments: | Indices, Shares |
| Account Minimum Deposit ($): | $5,000 |
| Maximum Leverage: | 400:1 |
| Spread: | N/A |
| Scalping Allowed: | Yes |
Welcome, fellow trader to the fundiza.com review by our experts! We already know why you are here, as someone who is about to start trading with a reputable broker! Looking for the perfect broker for you?
Are you eager to improve your Forex trading skills as a trader with a new broker? Well, we compiled the perfect Fundiza review so you can decide whether you want them or not. Without further ado, let’s get into it.
General Information About Fundiza Broker
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 terms & 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.
The website is translated into 8 languages
Another commendable quality about Fundiza is that it translated its website into eight different languages. That vastly increases accessibility for global traders, as well as making the experience much more convenient for them.
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 online brokers 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, as you’ll see from the rest of our Fundiza review.
Opening an Account with Fundiza Broker
Opening a trading account with brokerages is as simple as ever, but we always want to include a short tutorial so we can include our own experience as well. Some brokerages make the process a little more complicated for no reason, which creates a lot of mistrust with the company.
Due to this, we always make sure to go through the whole registration ourselves and give you the full overview.
Step 1: Register Account
Fundiza provides a three-step registration process. It’s as simple as we mentioned earlier in our Fundiza review. 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.
If you are loyal and bring another customer to the team, you will get a bonus for this. We are not even halfway into the review, and already such a huge plus. 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. The minimum deposit required for a live account is $5,000. We will discuss this more thoroughly later on in a different section of our Fundiza review.
Step 3: Trade Instantly
Now all you need to do is download the trading platform and begin trading. Yes, simple and quick. No extra complications for any 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 online trading services available to almost every country in the world. We also consider this a huge plus.
This is 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.
Account Types Available at Fundiza
There are a lot of different account types on Fundiza, making it accessible to most traders online. Earlier in our Fundiza review, we mentioned that the cheapest account required a $5,000 investment. 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.
- 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 account, 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 $1M. 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.
- 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 – It’s not rare to come across a brokerage that offers huge leverage, and when you see their conditions, it’s only 1:100. Well, Fundiza offers leverage as high as 1:400. Keep in mind that using high leverage also brings high risk. You’ll need to cover your positions, so don’t invest what you can’t afford to lose.
- Tight Spreads — Spreads are another vital component of Fundiza’s trading service. Although Fundiza doesn’t have fixed spreads, they’re far lower than with other competitors. That means the fact that the spreads are floating doesn’t matter, since they constantly stay at a low level.
- 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.
Do these trading conditions stand out?
We think so. 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. We give them another thumbs up for this.
Platforms at Fundiza
One downside to Fundiza is that they only offer trading on the MT5 platform. We do see that as a little limiting to traders since not everyone is a fan of the software. Though, maybe if you’re still using the old MT4, it’s time for you to upgrade with the right broker.
Customer Service at Fundiza
Earlier in our Fundiza review, we mentioned that their support works 24/5. There are multiple ways you can reach out, including the popular phone line, email, and live chat options. As such, reaching support should be a matter of minutes. Furthermore, the team is quite helpful, so you can be almost confident that your issues or questions will be resolved in no-time.
Conclusion — Fundiza Deserves Thumbs Up
Overall, we think 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.
We 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. We were happy to come across a broker like this. They truly deserve all of the thumbs up we have given them.
We hope you enjoyed our Fundiza review, and hope you will agree with us as well. If you had a positive or negative experience with Fundiza broker, please make sure to post it in the comments below. We want the truth to be available to all of our loyal visitors. Happy trading!
Overall
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Support
(4.5)
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Platform
(4.5)
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Spread
(4.5)
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Trading Instrument
(5)
Superb trading platform
Superb trading platform. Easy to use and very efficient in organizing trading portfolio.
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Good trading broker
They’re exactly what I am looking for in forex trading. I need a trading partner to help me gain a good profit. I am glad to have them as my forex broker.
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Very good broker
Fundiza always exceeds my expectation. They achieve more than what they project in their market analysis. Very good broker.
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Reliable trading advice
Reliable trading advice. I never regret trading with this broker, all their trading advice is worthwhile.
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Outstanding broker service
Outstanding broker service. They always take time to make sure everything is well understood and they take extra effort to find better opportunities to earn a profit.
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customer service is terrible
I found the broker a decent enough guy and was very supportive ( just found out trading wasnt for me ) – trying to withdraw my funds was like getting blood out of stone… i felt fobbed off, i didn’t even get an email when my account was verified, so i have zero hope of getting any email when my funds were suppose to be transferred back.
Irony is they call you straight away to take your money but when you want it back they fob you off for days.
Broker – great – supportive
Support – Terrible
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Convenient to trade with
Convenient to trade with. I can use my phone and trade anywhere I am. They are also very responsive online.
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Responsible and good
Really happy with the service from this broker. They are very responsible and good.
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Good broker
I found this broker good in all terms. Services are efficient, signals are profitable and withdrawal is smoothly processed.
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Good broker performance
The overall performance of this broker is good. Customer service is attentive and helpful. Signals are always profitable and accurate.
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Skilled broker
The account managers are friendly and skilled. Broker signals guarantee 99% of winning most of the time. Recommended broker.
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Accurate trading signals
I am very lucky to have traded with these brokers. They have great and accurate trading signals.
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Reliable signals
A broker signals that you can depend on. Very accurate and reliable.
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Good broker
In every concern I had, I always get prompt answers from them. They are always available to help and support me in my trading concerns.
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Fast withdrawals
Ultra-fast withdrawals. The process has always been so smooth and quick. I never encounter issues on withdrawals.
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