FinoTrade | Review | CFD Trading Platform Review

Our Review

FinoTrade Review

Overview

What is FinoTrade?

10 Points Summary of FinoTrade

How protected are you with FinoTrade? 

Awards

Is FinoTrade safe? 

Account

Trading Instruments

Trading Platforms

Trading Fees 

Minimum Deposit and withdrawal 

Education

Customer Support

Conclusion

FAQ Section:

 

What is Finotrade?

Finotrade is an international brokerage company headquartered in London and founded by investors for investors as brokers mentioning their goals. Finotrade is a fully regulated FCA company that provides an opportunity to invest and maximize trade potential through unmatched technology, fast execution and reliable operations all accompanied by competitive trading conditions.

However, the purpose of Finotrade's review is to look closer to what the offer is.

 

Pros	Cons
The commission is covered by FinoTrade	Limited options in terms of account opening to EU-based traders compared to non-EU offers
Leverage up to 1: 3000	There is no service to the client
Offer bonuses to new traders Various types of accounts
Various educational materials Responsive customer support

 

10 Points summary of FinoTrade

Headquarters	UK
Regulation	FCA
Platforms	Forex
Instruments	MT4
EUR/USD Spread	EUR / USD spread 0.4 pips
Demo Account	1,000 US $
Minimum deposit	USD, GBP, EUR
Base currencies	Provided
Education	Academy Education
Customer Support	24/5

 

How protected are you with FinoTrade? 

 

As a broker set, all client funds are fully separated at any time while stored in a separate bank account. Also, every Finotrade investor is automatically under the financial services compensation scheme (FSCS) that protects funds to GBP 85,000 per client if there is broker bankruptcy. In addition, when making Finotrade reviews, we specifically concentrate on brokerage regulations by respected authorities.

Because it does not only mean operating under safe steps but also brings the reputation needed to the broker, because it can be easily fined or even prohibited from operations if it crosses any law.

Pros	Cons
Fully FCA is set and the appropriate broker	not present trade conditions properly
Quick execution	Commission costs may apply
MT4 platform	High initial deposit
Professional and experienced trade brokers
Advanced trading tools
Customized account solutions

 

Awards

 

Finotrade is a young company that considers no awards.

 

Is FinoTrade safe? 

Finotrade is a trade name used by Finotec Trading UK, the company is authorized and regulated by the Financial Conduct Authority (FCA) that protects the client and sets a strong background of investment.

Together with compliance with FCA rules designed to provide a safe trade environment and brokers that are audited every year, traders can be sure that the company holds client money under all the necessary restrictions.

 

As a broker set, all client funds are always separated completely when stored in a separate bank account.

Each Finotrade investor is automatically under the Financial Services Compensation Scheme (FSCS) that protects funds up to GBP 85,000 per client if there is broker bankruptcy.

This means the operation is under the steps of the safe and broker that has a good reputation, because it can be easily fined or even prohibited from operation if it crosses every law.

 

Account

 

Finotrade offers a choice of four types of accounts:

Classic account with a minimum deposit of $ 1 000

Gold account with a minimum deposit of $ 10,000

Platinum account with a minimum deposit of $ 25,000

VIP account with a minimum deposit of $ 100,000.

Finotrade also offers merchant choices to use MAM (Multi-Account Manager). This is an account that allows fund managers to manage multiple accounts from one account without having to make investment funds.

Performance (Profit and Loss) The MAM account manager is distributed among managed accounts. The client managed account is connected to the key account manager and all trades made by the manager are reflected proportionally in the client's account. It offers:

High liquidity, reliable execution

Repair, floating & spread

Leverage up to 1: 100

Trade for unlimited number of clients

Finotrade is a regulated and obedient FCA offering you a safe and safe place to trade the most profitable market in the world. If you are interested in taking your skills to the next level, you can open an IB account. Join the company as a broker that introduces and reaps benefits unlike others.

 

Pros	Cons
Desktop, Web and Cellular Trading	Limited education resources
Regulated broker	There is no transparency at a price
Demo account	Minimum deposit $ 1,000
MAM account.	Limited funding method
Weakness.	Bad reviews online

 

Trading Instruments

 

Fino trade agreement on Forex, CFD and commodities.

 

Trading Platforms

The next question in our review goes to software for foreign exchange trading, and Finotrade decides to be a mainstay on the most praised MetaTrader4 platform. MT4 does offer several of the best software solutions to trade, accompanied by a complete analysis package, various internal indicators and fantastic chart tools.

 

Finotrade platform.

 

In addition to great trade capabilities and manual trade options, there are also automatic robot strategies known as EAS or offer strong features. Therefore, MT4 gained its popularity among world traders and remained most widely used among professionals and regular traders.

 

Together with Finotrade, even though his professional investors further and included VPS technology to traders, so as to provide sustainable trade operations with interactions.

 

Pros	Cons
Commission covered by FinoTrade	Select limited in terms of account opening to EU-based traders compared to non-EU offers
leverage up to 1: 3000	No service to clients from the United States, Britain, Japan, Israel, Canada
offers a bonus to new traders
various types of accounts

 

 

Trading Fees 

 

Finotrade designed four types of accounts where each match needed in accordance with trading volume, the amount invested and the level of service needed. As a result, you can choose between standard, gold, platinum and VIP accounts, see the comparison below.

In addition, consequently and because Finotrade is made mainly with a professional approach, investors can find opportunities through MAM and PAMM accounts.

So with reliable execution, Fintrade provides you will also access various good spreads, floating or raw all available for your choice. In general, the finotrade spread is presented as a low deployment, we do not find many explanations about its website to be displayed in the Finotrade Review as a spread. EUR / USD floating spread is set to 0.4 pips, where it is a commission fee added according to the trading account.

Also, you can check and compare costs to other popular brokers Darwinex.

Pros	Cons
Swap free accounts available	high minimum deposits
	List of Spreads the not published on the website
	The maximum leverage ratio is not provided
	Deposit costs are charged
	Withdrawal fees are charged

 

Deposit and Withdrawal

The last point in the finotrade review is clear to transfer money to your trading account, while the transfer of wire, saffrage or union payments for payment is ready to help you.

 

Minimum deposit

The minimum deposit number is set to $ 1,000 which is determined by the type of classic account, while the higher type demands more funds, the same gold one requires $ 10,000. Although the first deposit is rather high, for example, it is a reasonable amount that will allow you to trade almost all of the instruments offered.

 

Withdrawal

The transfer fee, Finotrade does not add its own costs for deposits or withdrawals, but the payment provider costs are released to you as a client.

 

Therefore, if you transfer money through the transfer of wire, your local fee will apply, Safechrage usually charged 2.95% processing costs up to 500k $ and the cost of payment for the processing costs 3.95%.

 

Education

While the company operates not for a very long time, since 2018, the team and operational management are only consistent from industrial professionals who combine more than a decade of success and ensure great experience for all investors.

Finotrade serves a professional trade environment through leading MT4 in the industry, providing various types of accounts that are suitable for initial or professional investors.

In addition, Finotrade runs its own trade academy dedicated to integrating professionalism traders with better knowledge.

Customer support

FinoTrade prefers to provide customer support through direct chat or callback requests.

Pros	Cons
Multilingual customer support team	There is no cryptocurrency.
	There are no learning sources

 

Conclusion 

Finotrade will be a good choice for high-volume traders and larger size investors. Brokers make it clear about efforts for lower costs and solutions that are tailored to the opportunity to select Fix, variable or spread of war with commission fees.

It is a reliable company because of FCA licenses and special solutions they offer. Finotrade is a British forex broker that offers access to the Forex and CFD markets through the MetaTrader4 platform.

Brokers are part of the Finotec Group and operate Topwellcg, Dragongain (Brand of Finotec Trading UK Limited, which mainly targets Japanese investors), CSI-FX, Sky Clearing, a ballistic market, 121 prime.

The main advantage of Finotrade for many competitors is the fact that it holds a license from the UK FCA.

FCA applies several requirements for licensed entities, which ensure the security of their client funds.

Client money is fully separated from the company's own money, ensuring that in the default events that are not possible, the client fund will be returned to clients rather than being treated as an asset that can be restored by general creditors.

Become a FCA licensed broker, if the company must enter liquidation and there are shortcomings, retail clients can obtain compensation from the financial service compensation scheme (FSC).

 

Frequently asked questions

What is the value of the overall review of the FinoTrade?

9/10.

 

What is the minimum deposit to start trading at FinoTrade?

$ 1000

 

Is the FinoTrade safe and safe?

Yes, 100%

 

Does FinoTrade offer a demo account?

Yes

 

Does the FinoTrade offer a bonus?

Welcome bonus $ 100