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Mensa Finance

Regulated
Bosnia and Herzegovina
,
Since 2023
Last Updated:
54/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
500
Account Types
PremiumGoldPlatinum+1 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

4 methods

Bank Transfer

bank transfer
3 days
Fee:
Free
Fee:
Free

Credit/Debit Card

credit card
Instant
Fee:
Free
Fee:
Free

Cryptocurrency

crypto
Instant
Fee:
Free
Fee:
Free

Local Payment Methods

other
hours
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 72%, 2: License 77%, 3: Software 51%, 4: Spread 0%, 5: Account Type 14%, 6: Symbol 0%
Regulation
72%Good
License
77%Good
Software
51%Fair
Spread
0%Poor
Account Type
14%Poor
Symbol
0%Poor

Company Information

Full Name:Mensa Finance
Founded:2023
Headquarters:Bosnia and Herzegovina
Enterprise Offices:N/A

Customer Support

Phone:
+387 62 378 720
Live Chat:
business_hours
Response Time:
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about Mensa Finance: its history, the licences it holds, its trading conditions and its fees.

Introduction and Overall Description

Mensa Finance is a trade brokerage and investment services firm that is trying to offer traders access to the global financial markets. Although not too much information can be learned about Mensa Finance, the broker claims to be one of the very few platforms around the world that aim at giving traders-be it a novice or professional-the fullest range of trading options.

Introduction and Background

Mensa Finance is a pretty new brokerage company established in 2023 and based in Bosnia. It provides a very long list of trading assets: forex, metals, cryptocurrencies, indices, commodities, futures, and shares to fit almost each traders' taste. The most important factor, though, is that Mensa Finance is an unregulated broker. Unregulated brokers could be suspicious for potential traders in terms of the safety of their investments.

At the same time, despite everything mentioned above, Mensa Finance seems to approach providing trading services to wide clientele, satisfying the demand for easy access and a variety of financial instruments. This broker is trying to work according to the rules of the market, which include providing favorable trading conditions and user-friendly platforms that are easy to work with.

Overview of Key Features and Offerings

The range of tradeable financial instruments provided by Mensa Finance includes a few options, but the exact details of the offered assets are not fully disclosed. The majority of brokers in this category allow their clients to trade forex, commodities, and indices; maybe some offer cryptocurrencies and stocks.

In addition to variety in assets, many brokers, like Mensa Finance, tend to stress the issues of technology and customer support. Although the exact details about the trading platform(s) cannot be specified with certainty today, one may imagine that Mensa Finance offers trading platforms on desktop and mobile with an emphasis on speed and efficiency in the execution of trades and analyses of markets.

Trading Instruments

Due to the absence of sufficient data, the exact list of supported instruments by Mensa Finance is not confirmed. However, usually, traders prefer to go with brokers offering a wide array of markets since it enables diversification.

Technology and Platforms

Information on the particular trading platforms supported by Mensa Finance is not available. For leading brokers, it's usually MetaTrader 4 or 5, their own web-based proprietary platforms, or mobile applications for enhanced trading flexibility.

Licensing and Regulatory Compliance

One of the most important points to consider when selecting a brokerage firm would indeed be its regulatory oversight, which will mean maintaining financial standards and protecting clients. It is very unfortunate that not much information is shared concerning the regulatory licenses held by Mensa Finance.

There are no explicit signs of any regulatory credentials, so every potential client should proceed with caution and conduct proper due diligence before deciding to do business with this broker.

Regulator License Number Status

Limited information available ———

Trading Conditions and Platform Technology

The trading conditions, such as spreads, leverage, and lot sizes or minimum deposit requirements, are very fundamental to assessing the suitability of a broker. Mensa Finance does not seem to have made most of this information public.

Normally, brokers offer varying leverage options depending on regulatory constraints and client preferences, and the spreads can also vary in type, either fixed or variable. Additionally, the minimum deposit requirement varies widely, which again bears influence on accessibility at various trader segments.

Trading Condition Details

Spreads: There is very limited information on this.

Use Limited information available

Minimum Deposit Not much data is available

Fee Structure

Understanding the fee structure is important to traders, who always want to cut down on costs. Currently, deposit fees, withdrawal fees, and commissions of Mensa Finance are not available.

Commissions may be charged on some account types or instruments by brokers, while others operate on a spread-only basis. Deposit and withdrawal fees differ according to methods of payment and broker policy.

Fee Type Details

Deposit Fees Available data scarce

Withdrawal Fees Limited available information

Commission Limited availability of information

User experience and market reputation

With a scarcity of publicly available reviews and user feedback on Mensa Finance, it's challenging to provide a comprehensive assessment of the user experience. In general, traders appreciate brokers that demonstrate responsive customer support, intuitive platforms, and reliable trade execution.

Market reputation often builds with time through consistent service quality and transparency. Prospective clients should be calling for verified reviews and testimonials before investing their funds with any broker, including Mensa Finance.

Recent Developments

There is no publicly available information about recent changes, updates, or new developments concerning the activity of Mensa Finance. It is relevant for traders to keep themselves informed about the latest news from a broker and legal changes, which could influence strategic adjustments.

Conclusion

Overview: Mensa Finance is a trading brokerage firm, with very little information publicly available on its background, regulations, trading conditions, and fees. From what it seems, this broker does provide access to the financial markets, but as a potential client, it is good to tread with caution as one would and try to perform the best due diligence possible.

Where detailed data is not available, traders are encouraged to verify additional information from Mensa Finance and base decisions on regulatory compliance and user feedback.

Regulation check

Regulatory Licenses

Mensa Finance is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.

0 of 2 checked
2Licences on record
0Confirmed on register
2Tier 1 or 2
0Offshore

How far our check got

  • 2 not yet checked
  • NFATier 1United StatesDealing in futures contractsNo. 0558532

    What the register says

    Licence number
    0558532
    Type
    Dealing in futures contracts

    Client protection under this licence

    • Compensation schemeUp to USD 500000 (SIPC)
    • Client money kept separate
    • Complaints routeNFA Arbitration
    • Maximum leverage1:47

    These are the rules NFA sets for the firms it licenses. They are not a statement about how Mensa Finance applies them, or about which of its companies would hold your account.

    About National Futures Association

    Onshore regulatorGovernment bodyCompensation: Up to USD 500000 (SIPC)Public registerTransparency: high
    Typical cost of this licence
    USD 150000+
  • ASICTier 1AustraliaFinancial Service

    What the register says

    Type
    Financial Service

    Client protection under this licence

    • No compensation schemeNo mandatory insurance (but strict fund segregation)
    • Negative balance protection
    • Complaints routeAFCA
    • Maximum leverage1:28

    These are the rules ASIC sets for the firms it licenses. They are not a statement about how Mensa Finance applies them, or about which of its companies would hold your account.

    About Australia Securities & Investment Commission

    Onshore regulatorGovernment bodyCompensation: No mandatory insurance (but strict fund segregation)Public registerTransparency: high
    Typical cost of this licence
    AUD 50000-100000+
Where we have checked a licence, it was checked against the issuing regulator's own register. Register wording is quoted as found.See all tier-1 regulated brokers
Trading accounts
Updated

Account Types

4 account types on record. Leverage up to 1:500.

4 account types
AccountMin DepositLeverageCommission
PremiumVIPNot recorded1:500No commissions
GoldVIPNot recorded1:500No commissions
PlatinumVIPNot recorded1:500No commissions
DiamondVIPNot recorded1:500No commissions
Account names and conditions as published by Mensa Finance, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

4 ways to fund an account. 4 with no deposit fee. 2 credit instantly.

4 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank TransferProcessing times may vary depending on the bank. Available in regions where bank transfers are supported.FreeNot recordedUSD 100USD 50USD 50,0003 days
Credit/Debit CardCredit CardAccepted globally.FreeNot recordedUSD 100USD 50USD 50,000Instant
CryptocurrencyCryptocurrencyAvailable in regions where cryptocurrencies are legal.FreeNot recordedUSD 100USD 50USD 50,000Instant
Local Payment MethodsOtherAvailability depends on the trader's location.FreeNot recordedUSD 100USD 50USD 50,000hour
Fees, limits and processing times as published by Mensa Finance, recorded by Wikilix.
Trading software

Trading Platforms

2 trading platforms on record: Meta Trader 5 and MetaTrader 4.

2 platforms
  • Meta Trader 5by MetaQuotes Software Corp · 2010WindowsMacLinuxWebAndroidiOSAPI
    Details
  • MetaTrader 4by MetaQuotes Software Corp. · 2005WindowsMacWebAndroidiOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Social channels

Social Presence

3 official channels on record.

3 channels
Channels as published by the broker, recorded by Wikilix.

Comments

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