Launched in 2018, 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.
Finotrade Review Introduction
In this Finotrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Finotrade.
Finotrade 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.
Finotrade 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.
Finotrade Trading Accounts
The following live trading account options are available at Finotrade: 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.
Finotrade Account Funding
At Finotrade, 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.
Finotrade 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.
Finotrade is a trading name of Finotec Trading UK Limited, and the website www.finotrade.com 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).
Finotrade Review Summary
Operating from the United Kingdom, Finotrade 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.
It is worth mentioning that some of the trading products and services in this Finotrade review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Finotrade broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.