Fundiza presents itself as a simple way into the online markets. Well, the path to the financial markets isn’t as challenging as it may seem. What’s truly challenging is the path to profitability. And the broker plays a significant role in how that journey unfolds. The key is to ensure it’s not a scam. So, we’ll now proceed to review this project and share the results with you.
- Fundiza General Information
- Registration and Client Portal Review
- Fundiza Trading Conditions
- Account Types Review
- Trading Platform
- Fundiza — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Fundiza a Scam?
- Legal Information and License
- Fundiza.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Fundiza General Information
| Website | https://fundiza.com/ |
| Phone Number | +1-(888)-964-7227 |
| services@fundiza.com | |
| Address | CFDs |
| License | — |
| Minimum Deposit | $5,000 |
| Assets | CFDs |
| Leverage | Up to 1:400 |
| Trading Platform | WebTrader |
Registration and Client Portal Review
The official website of Fundiza appears rather dull. The broker has opted for an unconventional color scheme, featuring only a bland dark blue hue. However, the platform offers support for multiple languages. And guess what? There’s even a market review widget from the broker itself. When was the last time we saw something like that? Is it genuine financial analysis? Well, hold onto your wallets. It’s from May 2021. How about that? Oh, and you know what’s even more annoying about the website? The inability to open anything in a new tab. It’s not very convenient. However, there’s still plenty of self-promotion and calls to open accounts plastered all over the site.
If you want to register on the Fundiza platform, be prepared to fill out a rather extensive form. It requires detailed information, including your residential address and date of birth, as well as your email and phone number. Well, you know what will happen? You’ll just end up sharing your contact details with the broker because the registration will still fail for unknown reasons. Maybe it’s because of the presence of a promo code field, and Fundiza won’t let you register an account without participating in the affiliate program. Or perhaps they just don’t want to let anyone onto their platform without a face check. Well, at least we can joke about it, right?
Maybe they’re secretly running a CIA background check on everyone who signs up. Who knows? Just be prepared to spill the beans and hope for the best!
Fundiza Trading Conditions
The main thing the broker takes pride in is, of course, its trading conditions. So let’s dive into a comprehensive review of its trading terms.
Account Types Review
Fundiza offers five types of accounts, with no apparent demo account among them, or it’s only accessible after registration. Additionally, the minimum deposit for the Rookie account is $5,000. Five grand for the ‘Rookie’ account? Well, they’re definitely not playing around with those entry fees! It’s like they’re saying, ‘Welcome to the big leagues, here’s the bill!’
Maybe they should rename it to ‘Pro’ instead, because only a pro would casually toss five rand into an account like it’s pocket change! And what do you get for this princely sum? Well, you’ll be treated to some floating spreads and the dubious privilege of having a personal manager at your beck and call. Well, hold on a second, where’s the transparency? They don’t even bother to disclose the specifics of those spreads. And good luck finding a table with contract specifications.
What’s next? Oh, you thought $5,000 was steep? Think again. Basic demands at least $25,000 from your pocket. What do you get in return? Premium signals! Wait, they conveniently forget to show you how profitable those signals are or provide any examples of past trades.
Now we’re entering the realm of the Elite Account, where only those with $100,000 or more can play. Congratulations, you’ve just joined the big leagues! Hold onto your hat because there’s no turning back now. You get a 10% discount on commissions (whoop-de-doo), some daily signals, and the privilege of attending a private 1-on-1 trading academy. Because, you know, nothing is exclusive like a virtual classroom.
Feeling extra fancy? Well, you better be ready to pony up at least $250,000 for Elite Plus. Hey, at least you get access to the event room! Whatever that means. And don’t forget about the “trial period” for VIP services. Because apparently, even VIPs need a test drive.
VIP, ah, the pinnacle of privilege. For a cool million, you too can join the VIP club. What’s in store for you? Video courses and webinars, of course! Because nothing says luxury like sitting through hours of pre-recorded lectures. And hey, they’ll even throw in a 50% commission discount. How generous!
Trading Platform
Fundiza presents its trading platform as the crown jewel of their service, available for download on both mobile and desktop devices, or accessible through the web version. However, embarking on the quest to download this mystical platform feels like chasing after a mirage in the desert.
You click on the download link, expecting to unveil the secrets of the financial universe, only to be met with disappointment as the link leads you nowhere. It’s like they’re playing hide-and-seek with their own software! As you navigate through the digital labyrinth, you start to wonder if the platform even exists outside Fundiza headquarters.
We strongly advise against downloading anything from the client portal, as their software may not be licensed at all. So, tread carefully, dear traders, for you may find yourself wandering into the uncharted territories of unlicensed software.
Fundiza — Deposit and Withdrawal of Funds
According to the FAQ section on the official website, Fundiza offers various methods for depositing and withdrawing funds, including credit/debit cards (Mastercard or Visa) and e-wallets (Skrill or Neteller). It seems that these methods are also available for withdrawals. However, the withdrawal process at Fundiza typically takes from 3 to 5 business days. Interestingly, the platform does not disclose any information regarding fees or charges associated with withdrawals. Furthermore, there is no way to verify the availability of these specific withdrawal methods since, as mentioned earlier, access to the client portal is currently restricted.
Verification
Despite its peculiar and restricted registration process, Fundiza insists on undergoing verification. Upon completing the initial registration steps, users are prompted to submit various identification documents. These typically include a valid government-issued ID (such as a passport or driver’s license), proof of address (such as a utility bill or bank statement), and possibly additional documents depending on the jurisdiction and regulatory requirements.
Fundiza’s compliance team reviews the submitted documents to ensure that they meet the necessary criteria and comply with regulatory standards. This process may take some time, depending on the volume of applications and the thoroughness of the review process.
Once the documents are reviewed, users may be required to undergo identity verification procedures. This often involves a video call or some other form of live verification, where the user must confirm their identity visually.
After successful document review and identity verification, users receive confirmation that their accounts have been verified. They may then gain access to additional features and functionalities on the Fundiza platform, depending on their verification status.
Additional Options
Fundiza provides additional services, notably a partnership program. However, details about this program are conspicuously lacking, leaving potential clients to speculate based solely on the presence of a promotional code. Furthermore, it’s apparent that the majority of these supplemental services are reserved for high-net-worth clients. Yet, despite being marketed as exclusive perks, these services fail to impress or offer significant value. Among these offerings are:
- Private one-on-one trading academy. While seemingly exclusive, the actual benefits and value of this academy remain unclear, as Fundiza provides minimal information about its curriculum or instructors.
- Trading commissions up to 50% discount. While seemingly advantageous, the specifics of this discount, including eligibility criteria and its impact on overall trading costs, are undisclosed, leaving clients in the dark about its actual value.
- Video courses. Although advertised as an educational resource, the quality, relevance, and comprehensiveness of these courses remain uncertain, as Fundiza provides little insight into their content or instructional approach.
Is Fundiza a Scam?
Fundiza falls short of being an exemplary brokerage. It appears that the company’s legal standing may be questionable.
Legal Information and License
Fundiza claims to be registered in Saint Vincent and the Grenadines, as indicated in the footer. However, Saint Vincent and the Grenadines is not considered an ideal location for broker registration due to its loose regulatory oversight and lack of stringent requirements.
And guess what? Such a company is not found in the registry of Saint Vincent and the Grenadines, either by their registration number or by their name. Without proper registration and licensing, the broker operates in a regulatory gray area, which raises doubts about its legitimacy and accountability. Clients may face higher risks of fraud or financial misconduct when dealing with unregistered and unlicensed brokers, as they lack the regulatory oversight and investor protection measures provided by reputable financial authorities.
Fundiza.com Domain Info
Fundiza acquired a fairly old domain. It was registered back in 2014, but the project’s activity actually began much later, only in 2020. This is clearly visible in the web archive snapshots.
Contacts Review
Fundiza offers contact options via phone number, email, and even provides an address. However, as we have already determined, it is a nominal and fake address, since the company is not registered there.
Pros and Cons
- Wide range of account types.
- Lack of regulatory oversight and licensing.
- High minimum deposit requirements for account types.
- Limited transparency regarding fees and commissions.
- High leverage.
- Dubious platform.
Investing in Fundiza is clearly not advisable if you want to avoid the risk of losing your deposit. Your funds will not be protected in any way, given the lack of regulatory oversight and the company's non-existent official existence. Without proper registration and compliance with regulatory standards, there is no assurance of financial security or investor protection.
Frequently Asked Questions (FAQ)
Fundiza claims to offer a variety of trading services, including access to financial markets, educational resources, and trading tools.
According to their trading conditions, the minimum deposit required to open an account with Fundiza is $5000. This amount is significantly high and may not be suitable for all investors. It’s crucial to carefully assess your financial situation and risk tolerance before committing to any investment.
Fundiza’s lack of transparency, questionable regulatory status, and limited information about its operations raise concerns about its safety and legitimacy.
I messed up.
Sad news, folks, I got scammed. I handed over $5000 to the scammers at Fundiza, who initially seemed like a legitimate company, but now it’s clear they’re anything but. Of course, I’m to blame for not thoroughly vetting the broker. The absence of the company in legal registries, not to mention the terms – everything pointed to it being a plain scam, not a legitimate brokerage where I could safely and consistently trade to make profits. It’s a simple scam; I transferred the money using crypto, and that’s it. Sure, a balance appeared in the account. but that’s all there is to it. You can trade, but it’s like demo trading; withdrawing is now impossible. Though I’m a novice, I do have some experience. I consulted with a more experienced trader, and he advised me that there’s nothing more to be done. The money is lost 100%, and there’s no getting it back. There’s no way to reverse it.