MYfintec Broker Review - Trade Without Fees!
Legacy provider write-up preserved for the archive. Not a current assessment.
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Legacy content — originally published 2 Sept 2018
This piece is preserved from the publication's archive and has not been reviewed against current evidence. Provider status, ownership, terms, pricing, fees, regulatory standing, product availability and risk may all have changed since it was written. Statements about providers below are the original author's or the provider's own, not verified findings by Trading Insider. Verification status: not yet reviewed.
Evidence is incomplete for this review
No rating, ranking, verdict or recommendation is published for MyFintec because no current evidence review has been carried out. Do not read this archived page as an endorsement or a warning.
MYfintec
With such a broad number of accessible brokerages out there, it becomes especially difficult for people to choose one. Whether you wish to trade CFDs, cryptocurrencies, foreign exchange, stocks or commodities, you do must have the aid of a broker because they help in establishing a smooth trading mechanism. Discovering one is a big problem currenctly due to the assortment of options available. Every brokerage you read about seems like the one that may be good for you, but it is also true that there is fraud in the markets and you can choose to exercise caution when making an investment choice. MYfintec is one broker that is popular among traders and today we are writing this review for our readers.
According to CrunchBase MYfintec was established during 2009. Since then MYfintec has acquired a large number of active traders from around the globe. Headquartered in the Marshall Islands, New Guinea, KinLtd has created MYfintec trading platform for the new and expert traders also provide BONUSES for new depositors.
How have they become so popular? Myfintec is offering an ideal combination of features that are not available on many other websites such as CFD cryptocurrency trading. Following are some of the highlights of MYfintec brokerage:
MYfintec Sign up
When you choose to start trading the first thing you will have to do is sign up with your favorite broker. At MYfintec, signing up is very simple; remember that when signing up you will need to provide only accurate and real up to date information in order to make deposits and withdrawals.
MYfintec Account type
Different types of accounts are always a good thing becuase you will need a special type of account that is in tune with your experience and level of trading. At MYfintec you will find many tyopes of trading accounts. They are as following:
Basic Account: Minimum deposit of EUR 500 with free trading signals and private trading sessions plus 24/5 customer support and education content.
Silver Account: Minimum deposit of EUR 2,500 with higher leverage.
Gold Account: Minimum deposit of EUR 10,000 plus webinars and higher leverage.
Platinum Account: Minimum deposit of EUR 50,000 and higher bonus, more trading signals and also money management.
Diamond Account: Minimum deposit of EUR 250,000 and MYfintec special bonus 50% plus unlimited trading signals and even higher leverage options.
MYfintec Deposit options
MYfintec is very easy with its traders when it comes to payments. This is one of the reasons why we like MYfintec. Deposits can be made either in Euros (EUR) or the Great Britain Pound (GBP) and what we really like is that NO FEES ARE CHARGED by MYfintec for deposits. Deposit methods are bank wire, credit card, Skrill and more.
MYfintec Withdrawal
Minimum withdrawal is 100 EUR/GBP and can take up to 7 to 10 business days. MYfintec is one of the only brokers that does PayPal withdrawals for traders and that takes NO FEES FOR WITHDRAWALS.
MYfintec Security
Trader data and trading account is protected by a 256-bit SSL encryption for ensuring %100 security for traders. Also, a firewall is used when using the platform. Hourly tests are conducted on the firewall by MYfintec security experts. Trader account passwords are specially encoded and known only by the account-holder.
MYfintec follows all international fraud regulations and have also implements Anti-Money Laundering (AML) for all accounts.
Conclusion - is MYfintec a Scam?
If you consider yourself to be a good trader, you can make some extra money from your trading skills with MYfintec and will have no problems with account and fund security or with withdrawing funds with this broker - our experience of 2 years trading with MYfintec have brought us to the obvious conclusion that this broker is NOT a scam.
Risk disclosure
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Disclosure: No commercial or affiliate relationship has been evidenced for this record. Affiliate status is recorded as unknown rather than assumed either way.
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