Score
South Africa
|
1-2 years
| https://ginfi.com
Website
Rating Index
MT4/5
Full License
Demeterer-MAIN
Influence
D
Influence index NO.1
South Africa 2.55
MT4/5 Identification
Full License
United Arab EmiratesInfluence
D
Influence index NO.1
South Africa 2.55
LicensesLicensed Entity：DEMETERER (PTY) LTD
License No. 50354
South Africa
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
ginfi.com United States
VIP is not activated.
| GinFi Review Summary | |
| Founded | 2016 |
| Registered Country/Region | South Africa |
| Regulation | FSCA Exceeded |
| Market Instruments | Forex, stocks, commodities, indices, cryptocurrencies |
| Demo Account | ✅ |
| Spread | / |
| Leverage | / |
| Minimum Deposit | / |
| Trading Platform | MT5, GinFi webtrader |
| Customer Support | Address: Regus Dainfern 1st floor, Dainfern Square, CNR Winnie Mandela Drive & Broadacres, Johannesburg – Gauteng, 2191, South Africa |
| Email: support@ginfi.com | |
| Contact form, live chat | |
| Restricted Area | United States |
GinFi is a brokerage company operated by the Cyprus- based company Demeterer (PTY) LTD t/a GINFI. It entered the trading market in 2016 and offers trading services in forex, stocks, commodities, indices, and cryptocurrencies.
The broker provides a demo account for practicing before actual trading and 3 tiered live accounts for different client groups. To protect customer funds, GinFi implements segregated accounts to separate client assets from operational funds.
Furthermore, the broker offers educational videos, articles and market analysis to equip customers with necessary knowledge and information for successful trading.
However, Demeterer (PTY) LTD t/a GINFI is now under the regulation status of FSCA exceeded, which should raise your great attention when deciding to trade with them
| Pros | Cons |
| Demo accounts available | FSCA exceeded |
| Tiered accounts | Limited info for trading conditions |
| Educational resources available | Trading commissions charged |
| Fund segregation | Regional restrictions |
| MT5 platform |
The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. Though Demeterer (PTY) LTD t/a GINFI holds an FSCA (Financial Sector Conduct Authority) license with number 50354.
Nevertheless, the license status is “Exceeded”, which indicates possible violation of business scope and regulation of FSCA. Investors should choose GinFi with caution to avoid losing money.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | FSCA | Exceeded | DEMETERER (PTY) LTD | Financial Service Corporate | 50354 |
GinFi offers 2,000+ trading assets:
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
To start with GinFi, you are suggested to start with a free demo account with virtual money to practice and get familiar with the platform first.
While for live trading, there are 3 tiered accounts available: namely STP Bronze, STP Gold and STP Silver. However, regretful that the broker does not disclose more information on trading conditions on each account. All we know is that the broker charges commissions as below:
| Account Type | Commission |
| STP Bronze | $5/lot |
| STP Gold | ❌ |
| STP Silver | $2/lot |
GinFi offers a proprietary trading platform “GinFi webtrader” which can be accessible via web.
Additionally, the well-acclaimed MetaTrader 5 is also available through Mac, Windows and Web.
| Trading Platform | Supported | Available Devices | Suitable for |
| GinFi webtrader | ✔ | Web | / |
| MT5 | ✔ | Mac / Windows/ Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
As is shown on the broker's mainpage, payment methods include MasterCard, Maestro, VISA, VISA Electron, Skirill and Neteller.
GinFi is registered with the FSCA (Financial Sector Conduct Authority) in South Africa under license number 50354. However, the status of this license is "Exceeded," which indicates that it may have exceeded the scope of its regulatory permissions. Personally, I find this a bit troubling, as it raises concerns about the safety and legality of trading with them. If you're looking for a regulated broker, this status would certainly make me hesitant to proceed without careful consideration.
GinFi offers three account types: STP Bronze, STP Silver, and STP Gold. However, I’m not sure about the specific details or benefits of each account type, as the broker doesn’t provide a breakdown of the trading conditions. Without knowing the differences in spreads, leverage, and other factors, I might be hesitant to choose an account. I’d suggest asking GinFi directly for more information before making a decision.
GinFi doesn’t specify the minimum deposit required on their platform, which leaves me in the dark about what’s needed to get started. This lack of information is a little concerning, especially since I’d like to know the financial commitment before opening an account. I’d definitely recommend contacting their support team directly for clarity on this matter.
GinFi offers its own web-based trading platform, GinFi Webtrader, which seems convenient but might lack some of the advanced features that platforms like MT5 provide. MT5 is available on Mac, Windows, and Web, which is great for experienced traders like me. If I were to choose, I’d likely prefer using MT5, as it’s a more well-rounded platform for technical analysis and trading strategies.
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