Forex Broker – Finotec

Finotec Review

Finotec is quite a famous broker in the forex industry, offering its clients leading trading accounts and trading platforms. This is in spite of offering a number of similar features to other brokers in the industry these days. Finotec is regulated by the FSA (Financial Services Authority), while having an easy look and feel for first time traders. The support team is known to be a great aspect of this broker’s services. Take a look at the review below to get a better insight of this broker’s key features.

Company Information

Name:
Finotec
Website:
www.finotec.com
Founded in:
1998
Headquarters:
London, United Kingdo
The Owner:
Finotec Trading UK Ltd.
Regulation:
FSA UK
Phone:
+44 203 514 5555
Email:
support@finotec.com
Minimum Lot Size:
10,000
Maximum Leverage:
1:200
Minimum Deposit:
$200
Minimum Trade Amount:
$50
Maximum Per Trade:
$50,000
Languages Available:
English, Arabic, Spanish, French, Greek, Polish, Russian, Vietnamese, Chinese

Trading Platform

There are 5 unique trading platforms which caught our eye at Finotec. The first of these is the Sky Trader: downloadable, real time charts, SMS price alerts, interchangeable platform, numerous trading products and a simple trading experience.
If you are a traditionalist, then you may prefer the MetaTrader 4 trading platform, which is linked to interbank liquidity. You can trade from the charts with no requotes, 53 currency pairs, scalping and EA robots, SMS alert systems and a personal dealer.

There is the special Broker/Hedge Fund Manager Trading System that is designed specifically for money managers, brokers and financial institutions. Features include a simple user interface, fine service, a highly advanced trading platform and the ability to trade simultaneously on different client accounts.

The Currenex trading platform is straightforward, providing you with direct access to the top liquidity providers. You can benefit from tight spreads, streaming price feeds, multiple order types, professional order book and quick execution. This platform has been chosen by more and more traders at Finotec these days.

Finally, there is the FIX-API (Financial Information Exchange), which is catered predominantly to financial institutions. The FIX protocol is known for supporting STP (Straight Through Processing), dramatically reducing the settlement time. You can trade from either one of these platforms, depending on what type of trading category you fall into.

Main Features

You can trade from numerous currency pairs during market trading hours at Finotec. There are a number of different types of partnership programs which gives nearly anyone a chance of making money in either an online or offline environment.
Mini accounts are available for traders with a capital of $200 and from a margin of 0.5%. This allows beginners to test the markets before trading with large amounts of money on the financial markets. Trade with your desired underlying assets in a real time environment, and with a complimentary mini account.

The Standard Account is for traders who deposit $10,000 and up, and designed for traders who have a fair amount of expense in online trading. You have access to a great number of assets while trading on your preferred trading platform. If this is the account for you, then begin trading with Finotec today.

Islamic accounts are available for customers of the Islamic faith, and who wish to trade without swap. These accounts being free of swap or interest are in accordance to Islamic Sharia Law. Finotec has many Arabic speaking dealers and reps that cater to its clients from the Arab and Muslim world.

Customer Support

Our team graded the support team with the highest points due to their strength at every level. The live chat responded in less than 2 minutes, and they were eager to answer our trading related questions. The email and phone team were just as good, and we experienced minimum response time. Maybe additional support numbers would bring an extra dimension to the support at Finotec. All in all, we have nothing much to complain about when it comes to this broker’s support quality.

User Friendly

Finotec is a highly user friendly broker to trade with. The truth is that there is not the highest number of educational features to pick from. However, the simplicity of trading is unmatched in the forex industry. If you are looking for a simple trading experience in a highly intuitive online environment, you should take a look at what this broker has to offer you. The fact that you can choose from a variety of products, trading platforms and trading accounts is something we value greatly.

Ultimate Overview

Finotec gets the thumbs up as a reliable online forex brokers that has been around for over a decade. They are strong in nearly every area, and the website is very much to the point. They are an accountable broker that is regulated by the FSA (Financial Services Authority). If you are looking for a broker that makes forex trading personal and professional, you may want to pay a visit to the Finotec.com website.