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Finotec Review

Broker Information Security Popularity Payment Spec Instruments Score
Security D
Popularity E
Payment E
Spec D
Instrument E
D
E
E
D
E
score 40
Finotec
  Regulation 60  
FCA
  Security 63  
Established more than 10 years
  Instrument 45  
Forex
  Platform 44  
MetaTrader 4
  Payment 56  
Credit/debit card
Wire
  Features 22  
Manage
  Spec 67  
Islamic account
Fixed Spread

💲 Min Deposit $200

Year Established 1998

💼 Regulation

💡 Min Position 0.1 lot

🌐 Website www.finotec.com

🌎 Country United Kingdom

Max Leverage 1:200

📊 MAM

📈 Managed accounts

🕋 Islamic accounts available

Finotec is a well-established broker since 1998. Finotec has a headquarter in United Kingdom. Finotec to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by FCA 470392.


Account Information

Apart from the forex demo account, this broker offers Mini Account and Standard Account. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Finotec is up to 1: 200. Meanwhile, you can open an account with a starting capital of $200.

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Min Deposit

$200

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Max Leverage

1:200

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Spread

Fixed

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Commission

$3

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $200

💡 Min Position 0.1 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

Pending orders

1️⃣ One-click trading

💸 Commission $3

Instruments Traded

Besides lots of currency pair, Finotec also offers some instruments you would like to trade on, such as Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Mini Account account, Finotec specifically provides it with the following instruments and leverage:


Forex

Forex
1:200


💲 Min Deposit $10000

💡 Min Position 0.1 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

Pending orders

1️⃣ One-click trading

💸 Commission $3

Instruments Traded

Besides lots of currency pair, Finotec also offers some instruments you would like to trade on, such as Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standard Account account, Finotec specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Payment Methods

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Finotec also provides payment with Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, Finotec offers you MetaTrader 4 and Sky Trader.

Customer Support

Do you have any question or find any trouble related to Finotec? If you do, you should reach Finotec's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

English

Office Support

Email Support

Call Support

Chat Support



FAQ About Finotec

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Finotec is a good broker for you or not by reviewing the criteria. In general, Finotec provides trading service in Forex . As for the payment methods, you can choose between Credit/debit cards and Wire transfer. The customer support is available via Callback, Email, Live chat and Phone.


The starting capital in Finotec is $200.


Finotec is regulated by FCA 470392. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Finotec is a brokerage company offering trading services for clients since 1998 with offices in United Kingdom.



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