Finansia
Pros and Cons
Pros
- Regulated by the Securities and Exchange Commission in Thailand
- Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
- Multiple trading platforms including MT4/MT5 and mobile app for on-the-go trading
- Transparent fee structure with no brokerage charges for trading
- Client funds protected through segregated accounts
Cons
- Unregulated status raises concerns about fund security
- Limited availability of customer support, primarily in Thai
- No demo account available for practice
- Unclear minimum deposit requirements for account opening
- Lack of extensive educational resources for traders
Basic Information
User Reviews
Finansia Overview
Finansia Syrus Securities Public Company Limited, commonly known as Finansia, is a well-established broker based in Thailand. Founded within the last decade, the company has built a reputation for delivering various trading services to a diverse clientele. It operates under the jurisdiction of Thailand and is primarily regulated by the local Securities and Exchange Commission. This regulatory oversight ensures a level of compliance and operational integrity within the Thai financial market, although it is important for potential clients to be aware of the broker’s limited international regulatory recognition.
Is Finansia Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Securities and Exchange Commission | Thailand | Segregated Funds |
Is Finansia Regulated and How Are Client Funds Protected?
Finansia Syrus Securities Public Company Limited is regulated by the Securities and Exchange Commission in Thailand. This regulatory oversight helps ensure compliance and operational integrity in the financial market. Client funds are protected through measures such as the segregation of client funds from the company’s operational funds, which minimizes the risk of loss in case of financial difficulties faced by the brokerage. However, potential clients should be aware that the broker has limited international regulatory recognition, which may raise concerns for some traders. It is essential to consider these factors when assessing the overall safety and legitimacy of trading with Finansia.
Trading Products and Services
What trading instruments does Finansia offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs, Minor Pairs | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Finansia offers a diverse range of trading instruments across multiple asset categories, allowing traders to access various markets effectively. The inclusion of Forex, commodities, indices, stocks, and cryptocurrencies enables traders of all experience levels—from beginners to professionals—to implement a variety of trading strategies. This broad selection supports portfolio diversification, catering to different trading preferences and risk appetites. With such a range of products, users can adapt their trading approaches, ensuring they can capitalize on market opportunities as they arise.
Account Types and Trading Conditions
What Account Types and Fees Does Finansia Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Cash Account | Traders with flexible capital | Requires a minimum cash collateral of 20% of the trade value | Pay later via cash settlement on T+2 basis |
| Cash Balance Account | Conservative investors, interest seekers | Requires 100% cash collateral with interest on outstanding balances | Designed to prevent overtrading |
| Credit Balance Account | Experienced, high-risk tolerance traders | Allows margin trading with collateral; automatic lending from broker | Suitable for financing securities purchases |
Account Opening Process
Opening an account with Finansia involves several steps to ensure compliance and security. First, prospective clients must visit the official Finansia website to initiate the registration process. They will need to provide personal information, including full name, email address, and password. Following this, users must agree to the terms of service and verify their email. Subsequently, identity verification is required, which includes submitting an ID and proof of address. Once all information is submitted and verified, clients can log into their accounts. Additionally, there is flexibility in account management, allowing users to upgrade to different account types, such as a professional account, at a later stage if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | 0.25% for <=5 million THB | Competitive rates for high-volume traders |
| Forex (Minor Pairs) | Varies | 0.20% for 5-10 million THB | Commission decreases with higher trading volume |
| CFDs (Stocks) | Varies | 0.15% for 10-20 million THB | Structured to reward active traders |
| CFDs (Indices) | Varies | 0.12% for >20 million THB | Tiered fee structure applies |
| Cryptocurrencies (BTC, ETH) | Varies | 0.1% | Fee structure may depend on volatility |
Other Fees
Finansia may impose additional fees that clients should consider. These include potential deposit and withdrawal fees depending on the payment method chosen. Inactivity fees may also apply if accounts remain dormant for extended periods. While there are no platform usage fees mentioned, traders should be aware of possible overnight interest (swap rates) for positions held overnight. Lastly, currency conversion fees may apply for transactions involving different currencies, which could impact overall trading costs.
Trading Platforms and Apps
What Trading Platforms and Apps Does Finansia Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS, iOS, Android | Secure login (2FA), multiple order types, technical indicators | Demo accounts available |
| Web Version | Any device with a browser | Market search, price alerts, real-time data | No additional services |
| Mobile App | iOS, Android | Push notifications, one-click trading, account overview | VPS service available |
Finansia provides a variety of trading platforms to cater to different trader needs. The MT4/MT5 platforms are ideal for those looking for advanced tools and automation, while the web version offers accessibility from any device without the need for installation. The mobile app ensures that traders can manage their accounts on the go, with features that support secure logins and real-time alerts. Each platform is designed to facilitate efficient trading with fast order execution and user-friendly features, making it easier for traders to find and act on market opportunities.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1-3 business days | No platform fee | Min 1,000 THB, Max 500,000 THB | THB |
| E-Wallet (e.g., TrueMoney) | Instant | No platform fee, 1% charge by e-wallet provider | Min 500 THB, Max 100,000 THB | THB |
| Credit/Debit Card | Instant | No platform fee | Min 1,000 THB, Max 200,000 THB | THB |
Minimum Deposit
Finansia requires a minimum deposit of 1,000 THB to open an account. This requirement applies uniformly across all payment methods and account types, ensuring accessibility for a broad range of traders.
How to Withdraw
- Log in to your Finansia account.
- Navigate to the ‘Withdraw’ section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Submit your withdrawal request.
- Check your email for confirmation and processing updates.
Customer Support
Finansia Customer Support Overview
Support Channels
Finansia provides several contact methods for customer support to assist clients effectively:
- Email: Clients can reach out via cx_center@fn_syrus.com for inquiries and assistance.
- Telephone: Support is available through their customer service hotline at +66 2 782 2400.
- Social Media: Clients can engage with Finansia through their official social media channels for updates and assistance.
Service Availability
Finansia’s customer support operates during business hours, providing assistance primarily in Thai. Multilingual support details are not specified, indicating that English support may be limited.
Additional Resources
While specific educational resources like webinars or tutorials are not extensively detailed, clients may find market analysis services and updates through Finansia’s website.
Frequently Asked Questions
Finansia Syrus Securities Public Company Limited is regulated by the Securities and Exchange Commission in Thailand. Client funds are protected through measures such as the segregation of client funds from the company’s operational funds, which minimizes the risk of loss in case of financial difficulties faced by the brokerage. However, it is essential to note that the broker has limited international regulatory recognition.
Finansia offers a diverse range of trading instruments including Forex (major and minor pairs), commodities (such as gold and oil), indices (like S&P 500 and NASDAQ), stocks (from the US and UK), and cryptocurrencies (BTC and ETH). This enables traders to access various markets and implement different trading strategies.
Finansia offers three main account types: Cash Account, which requires a minimum cash collateral of 20% of the trade value; Cash Balance Account, which requires 100% cash collateral with interest on outstanding balances; and Credit Balance Account, which allows margin trading with collateral. Each account type is suited for different trading styles and risk tolerances.
Finansia provides several customer support channels, including email support at cx_center@fn_syrus.com and a customer service hotline at +66 2 782 2400. The support primarily operates during business hours and is mainly offered in Thai, which may limit assistance for non-Thai speakers.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.