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Launched in 2018, Finotec (also known as Finotrade) is an experienced retail trading broker that ensures the ease of trading multiple financial instruments across different asset classes, such as forex, CFDs, and commodities. They provide traders with essential trading resources, including the MT4 trading platform, useful tools, educational resources, and a responsive client support team. In addition, their clients benefit from several favorable trading conditions — demo accounts, multiple trading accounts, zero commission, low spreads, and more — to help them get the most out of their trades. The minimum deposit required to start trading is $1,000.
Finotec Platforms & Tools
The broker allows traders to buy and sell the available financial assets using the popular MetaTrader 4 trading platform, which is designed to suit traders of all levels. It was launched in 2005 by a Russian software company known as MetaQuotes. The platform features one-click executions, stop and limit orders, support for automating trades using expert advisors, multiple technical indicators, 24 graphic objects, and more.
The broker makes the MT4 platform available as a desktop application for Windows and Mac computers, a web version that can run directly on Chrome, Safari, Firefox, Edge, and a mobile app that is compatible with smartphones running on Android and iOS. The mobile app is designed for traders who wish to place trades and check trading positions while on the go as long as there is an internet connection.
The broker provides traders with various standalone trading to enhance their trading experience. These useful trading tools include Forex Calculators, Real-Time Chart, Economic Calendar, and Trader Chat.
Finotec Research & Education
The broker is aware of the importance of educational resources to the overall trading competence of clients. As a result, they make available a good selection of educational resources on the broker’s website. These educational resources include a forex glossary, video tutorials, e-books, and several learning articles.
Finotec Trading Accounts
The following live trading account options are available at Finotec: Classic ($1,000), Gold ($10,000), Platinum ($25,000), and VIP ($100,000). A demo account option is to help traders get acquainted with the broker’s trading platform and tools before opening a live trading account.
Finotec Account Funding
At Finotec, all account deposit and withdrawal requests are processed using any of the following payment methods: Wire transfers through your local bank, SafeCharge, Union Pay, and more.
Finotec Customer Service
All trading inquiries are sent to a knowledgeable client support team. The support team is available 24/5 and can be reached via telephone, email, and Live Chat.
Finotec Regulation
Finotec is a trading name of Finotec Trading UK Limited, and the website is owned and operated by Finotec Trading UK Limited. Finotec Trading UK Limited is authorized and regulated by the Financial Conduct Authority, with Financial Services Register Number (470392).
Finotec Review Summary
Operating from the United Kingdom, Finotec is a multi-asset brokerage firm that offers access to trade various financial assets using the MT4 trading platform. They provide traders with competitive trading conditions. There is a client support team available to assist traders. The minimum deposit required to start trading is $1,000. The FCA of the United Kingdom regulates the broker.
Finotec
Features
- Advanced trading platform
- Educational resources
- Useful trading tools
- Various financial markets
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